NOT LISTED FOR SALE

242 E Palmer St Unit 2 Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $240,000 - $272,000

1 Bed
1 Bath
1,040 Sq Ft
1 Acre Lot

Sale Details

Date Sold: July 31, 2014

Last sale price $99,000 $95 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $1,568 / mo

14 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • High-Rise Community
  • Private Entrance
  • Fenced
  • 5-minute walk to Peck Park

About This Home

As of July 2014

Midtown is HOT, HOT, HOT! Get in for under $100K! This is turn key ready. All appliances included. You can't beat $90/SF at the list price. This unit has a historic/loft blend to it. Walk to CCS, Library, Wayne State, & DIA. There are still years left on NEZ tax abatement and FENCED IN PARKING is on the way. Easy showings.

Last Agent to Sell the Property

Lisa Debs

Tower Real Estate License #6501317042 Listed on: 05/28/2014

Last Buyer's Agent

Charles Ryan

Keller Williams Home License #RCO-6501309474

Keller Williams Home

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1912 | Remodeled in 2009

Lot Details

  • Private Entrance
  • Fenced

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,040 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Breezeway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Shared Water Meter
  • Sewer in Street
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W23I002004S0998

Community Details

Overview

  • High-Rise Community
  • Wayne County Condo Plan No 888 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$705

Year Built

Built in 1912 | Remodeled in 2009

Lot Details

1 Acres

HOA Fees

$135 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: High Rise
  • Architecture Level: 3 Story
  • Year Built: 1912
  • Year Renovated: 2009
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common
  • Kitchen Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1040

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Private Entry
  • Foundation Materials: Brick/Mortar
  • Porch Type: Breezeway
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Common
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Association Fee Frequency: Monthly
  • Association Fee: 135
  • Association Fee: No

Lot Info

  • Parcel Number: W23I002004S0998

Tax Info

  • Tax Amount Summer: 653.8000
  • Tax Amount Winter: 50.7800
  • Total Tax: 704.5800

MLS Schools

  • School District: Detroit

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2015
Sold by
Bought by
Current Estimated Value
$257,198

Purchase Details

Listed on
May 28, 2014
Closed on
Jul 31, 2014
Sold by
Bought by
Seller's Agent
Lisa Debs
Tower Real Estate
Buyer's Agent
Charles Ryan
Keller Williams Home
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$59,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$99,000 Liberty Title
$50,000 Multiple
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $59,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2014 07/31/14 Sold $99,000 0.0% $95 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $99,000 -- $95 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $254 $8,700 $0 $0
2024 $252 $8,700 $0 $0
2023 $245 $8,700 $0 $0
2022 $265 $8,700 $0 $0
2021 $257 $8,700 $0 $0
2020 $497 $8,700 $0 $0
2019 $252 $6,700 $0 $0
2018 $214 $6,700 $0 $0
2017 $52 $6,700 $0 $0
2016 $480 $78,800 $0 $0
2015 $270 $2,700 $0 $0
2013 $268 $2,683 $0 $0
2010 -- $2,683 $2,682 $1
Source: Public Records

Agents Affiliated with this Home

  • Lisa Debs

    Seller's Agent in 2014

    Lisa Debs

    Tower Real Estate

    (313) 505-3713

    33 Total Sales

    Lisa Debs
    Section Image
  • Charles Ryan

    Buyer's Agent in 2014

    Charles Ryan

    Keller Williams Home

    (313) 578-1981

    99 Total Sales

    Charles Ryan
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 214049940

Realcomp

APN: 01-001534-002

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St Unit 2, Detroit, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2026 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.