NOT LISTED FOR SALE

242 E Palmer St Unit 3 Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $264,000 - $364,027

2 Beds
1 Bath
950 Sq Ft
1 Acres

Highlights

  • No HOA
  • 1 Car Detached Garage
  • Programmable Thermostat
  • Cass Technical High School Rated 10
  • Patio
  • 5-minute walk to Peck Park

About This Home

As of December 2023

Great Midtown Location steps from the DIA, CCS, Wayne State & more! Single level unit with hardwood floors, in-unit washer & dryer, outdoor deck off the Kitchen, 1 Detached garage space included & storage space. You won't want to miss out on this beautiful unit at 242 E. Palmer #3!
Water & parking included in monthly rent.

Last Agent to Rent the Property

Jerome Huez

Berkshire Hathaway HomeServices The Loft Warehouse License #6501368881 Listed on: 09/07/2023

Berkshire Hathaway HomeServices The Loft Warehouse

Last Renter's Agent

Meagan Masterson

Berkshire Hathaway HomeServices The Loft Warehouse License #6501445610

Berkshire Hathaway HomeServices The Loft Warehouse

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $252

Year Built

  • Built in 1912

Lot Details

  • 1

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property

Kitchen

  • Built-In Electric Oven
  • Built-In Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • 1 Assigned Parking Space

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater

Additional Features

  • Private Entrance
  • Lower Level

Listing and Financial Details

  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number W01I001534S003

Community Details

Overview

  • No Home Owners Association
  • Wayne County Condo Plan No 888 Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$252

Year Built

Built in 1912

Lot Details

0

Rental Info

  • Application Fee: 50.00
  • Lease Type: Condominium
  • Rent Includes: Water/Sewer, Water
  • Security Deposit: 160.00
  • Tenant Amenities: Laundry In-Unit

Listing Details

  • Property Type: Condominium
  • Architecture Style: Loft
  • Architecture Level: 1 Story
  • Year Built: 1912
  • Entry Location: Lower Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Programmable Thermostat, Furnished - No
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Built-In Electric Oven, Built-In Electric Range, Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Washer
  • Total Sq Ft: 950

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Brick/Mortar
  • Porch Type: Patio
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: 1 Assigned Space, Door Opener, Detached
  • Garage: Yes
  • MF Parking: Assigned Spaces

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Parcel Number: W01I001534S003

Multi Family

  • Length of Lease: 12 Months, 13-24 Months

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2015
Sold by
Vanacker Gerald and Vanacker Sharon
Bought by
Song Daohua
Current Estimated Value
$322,257

Purchase Details

Closed on
May 7, 2008
Sold by
Lancaster Condominiums Llc
Bought by
Vanacker Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,950
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Song Daohua $160,000 First American Title Ins Co
Vanacker Gerald -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanacker Gerald $87,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2023 12/01/23 Rented $1,600 0.0% --
11/27/2023 11/27/23 Under Contract -- -- --
11/03/2023 11/03/23 Price Changed $1,600 -3.0% $2 / Sq Ft
09/07/2023 09/07/23 For Rent $1,650 +3.1% --
09/30/2022 09/30/22 Rented $1,600 0.0% --
08/19/2022 08/19/22 Price Changed $1,600 -4.5% $2 / Sq Ft
08/06/2022 08/06/22 Price Changed $1,675 +1.5% $2 / Sq Ft
07/07/2022 07/07/22 For Rent $1,650 +4.8% --
08/13/2021 08/13/21 Rented $1,575 0.0% --
07/16/2021 07/16/21 Under Contract -- -- --
07/07/2021 07/07/21 For Rent $1,575 0.0% --
06/25/2020 06/25/20 Rented $1,575 0.0% --
06/24/2020 06/24/20 Under Contract -- -- --
05/11/2020 05/11/20 For Rent $1,575 -- --
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

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 $252 $8,700 $0 $0
2024 $252 $8,700 $0 $0
2023 $245 $8,700 $0 $0
2022 $265 $8,700 $0 $0
2021 $267 $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 $81,800 $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

  • Jerome Huez

    Landlord's Agent in 2023

    Jerome Huez

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 693-3741

    2 in this area

    65 Total Sales

    Jerome Huez
    Section Image

  • M

    Tenant's Agent in 2023

    Meagan Masterson

    Berkshire Hathaway HomeServices The Loft Warehouse

    (248) 808-1233

    18 Total Sales

    Meagan Masterson
    Section Image

  • C

    Buyer's Agent in 2022

    Cooper Przekop

    Douglas Rose Realty

    (248) 880-2186

    2 in this area

    24 Total Sales

    Cooper Przekop
    Section Image
  • Starbrina Smith

    Buyer's Agent in 2021

    Starbrina Smith

    Berkshire Hathaway HomeServices The Loft Warehouse

    (248) 909-7396

    17 Total Sales

    Starbrina Smith
    Section Image
  • Nicholas Sudduth

    Buyer's Agent in 2020

    Nicholas Sudduth

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 658-6400

    1 in this area

    33 Total Sales

    Nicholas Sudduth
    Section Image
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Map

Source: Realcomp

MLS Number: 20230075464

Realcomp

APN: 01-001534-003

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St Unit 3, Detroit, MI

Not Listed for Sale

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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

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