NOT LISTED FOR SALE

242 E Palmer St Unit 4 Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $263,000 - $451,000

2 Beds
1 Bath
944 Sq Ft
1 Acres

Last Sold December 09, 2014

Last sale price $160,000 $169 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,872/month

Highlights

  • No HOA
  • Covered Patio or Porch
  • Balcony
  • Cass Technical High School Rated 10
  • Stainless Steel Appliances
  • 5-minute walk to Peck Park

About This Home

As of March 2023

Welcome to Midtown Art Center!
Enjoy the artsy side of Midtown. Walk to the DIA, the main public library, the historical museum and access all of Midtown's amenities while still living in a true residential neighborhood.
Original brick building with a blend of Craftsman/Loft style. Hardwood floors through all of the home except for kitchen & bath which are ceramic. The master bedroom is carpeted. There is outdoor space in the front and back of the unit on the same level. All appliances stay: fridge, range, microwave, dishwasher, washer/dryer. This unit comes with a single car garage. Gated Parking as well in the back of the building.

Last Agent to Rent the Property

Jerome Huez

Berkshire Hathaway HomeServices The Loft Warehouse License #6501368881 Listed on: 10/04/2022

Berkshire Hathaway HomeServices The Loft Warehouse

Last Renter's Agent

Victoria Baugh

Berkshire Hathaway HomeServices The Loft Warehouse License #6501441969

Berkshire Hathaway HomeServices The Loft Warehouse

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $252

Year Built

  • Built in 1920

Lot Details

  • Fenced
  • Historic Home

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Interior Spaces

  • 944 Sq Ft Home
  • 1-Story Property
  • Stacked Washer and Dryer

Kitchen

  • Built-In Electric Oven
  • Free-Standing Electric Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • 1 Assigned Parking Space

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,600
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number W23I002004S1000

Community Details

Overview

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

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$252

Year Built

Built in 1920

Lot Details

0

Rental Info

  • Application Fee: 50.00
  • Lease Type: Condominium
  • Security Deposit: 1600.00

Listing Details

  • Property Type: Condominium
  • Architecture Style: Historic
  • Architecture Level: 1 Story
  • Year Built: 1920
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Built-In Electric Oven, Dishwasher, Disposal, Free-Standing Electric Range, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
  • Total Sq Ft: 944

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: 1 Assigned Space, 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)

Condo/Co-op/Association

  • Phone: unknown
  • Association Fee: No

Lot Info

  • Parcel Number: W23I002004S1000

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

Listed on
Aug 25, 2014
Closed on
Dec 8, 2014
Sold by
R & A Palmer Properties Llc
Bought by
Yan Ling
Seller's Agent
Lisa Debs
Tower Real Estate
Buyer's Agent
Kevin Wobbe
@properties Christie's Int'l R.E. Detroit
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%
Current Estimated Value
$351,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,569
Avg. Annual Appreciation
7.43%
Original Mortgage
$112,000
Outstanding Balance
$85,633
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$265,936

Purchase Details

Closed on
Sep 26, 2012
Sold by
Gignac Richard B and Gignac Ann L
Bought by
R & A Palmer Properties Llc

Purchase Details

Closed on
May 7, 2008
Sold by
Lancaster Condominiums Llc
Bought by
Gignac Richard B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2023 03/01/23 Rented $1,550 0.0% --
02/10/2023 02/10/23 Under Contract -- -- --
01/13/2023 01/13/23 Price Changed $1,550 -3.1% $2 / Sq Ft
10/04/2022 10/04/22 For Rent $1,600 +10.3% --
04/14/2021 04/14/21 Rented $1,450 -3.3% --
04/13/2021 04/13/21 Under Contract -- -- --
03/03/2021 03/03/21 Price Changed $1,500 -3.2% $2 / Sq Ft
10/01/2020 10/01/20 For Rent $1,550 0.0% --
12/09/2014 12/09/14 Sold $160,000 -3.0% $169 / Sq Ft View Prior Sale
10/17/2014 10/17/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $165,000 -- $175 / Sq Ft
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 $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 $81,900 $0 $0
2015 $270 $2,700 $0 $0
2013 -- $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

  • V

    Tenant's Agent in 2023

    Victoria Baugh

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 658-6400

    1 in this area

    40 Total Sales

    Victoria Baugh
    Section Image

  • C

    Buyer's Agent in 2021

    Cooper Przekop

    Douglas Rose Realty

    (248) 880-2186

    2 in this area

    24 Total Sales

    Cooper Przekop
    Section Image
  • Lisa Debs

    Seller's Agent in 2014

    Lisa Debs

    Tower Real Estate

    (313) 505-3713

    30 Total Sales

    Lisa Debs
    Section Image
  • Kevin Wobbe

    Buyer's Agent in 2014

    Kevin Wobbe

    @properties Christie's Int'l R.E. Detroit

    (313) 550-4798

    4 in this area

    40 Total Sales

    Kevin Wobbe
    Section Image
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Map

Source: Realcomp

MLS Number: 20221048560

Realcomp

APN: 01-001534-004

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St Unit 4, 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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