NOT LISTED FOR SALE

242 E Palmer St Unit 6 Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $239,000 - $366,000

2 Beds
1 Bath
1,040 Sq Ft
$350/mo HOA Fee

Last Sold November 13, 2023

Last sale price $220,000 $212 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,039/month

111 Days on Market

Highlights

  • Deck
  • Balcony
  • 1-Story Property
  • Cass Technical High School Rated 10
  • 1 Car Detached Garage
  • 5-minute walk to Peck Park

About This Home

As of November 2023

This two-bedroom East Palmer Street condo features hardwood floors, the living room includes a gas fireplace, and the dining room has beautiful wood trim and beams. Enjoy a ceramic tiled spa-like bathroom with a walk-in shower. This unit also includes a private 1.5 garage with plenty of extra storage space. Live within close proximity to the QLine Ferry Street station, the DIA, Charles H. Wright Museum, Detroit Historical Museum, Science Center, and Wayne State University. Art Center residents benefit from a quant neighborhood while enjoying Midtown's vibrancy and amenities. This condo qualifies for the NEZ-homestead property tax abatement.

Last Agent to Sell the Property

Austin Black

@properties Christie's Int'l R.E. Detroit License #6501336434 Listed on: 07/24/2023

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

Last Buyer's Agent

Justin Johnson

River Shore Realty, LLC License #RCO-6501364163

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 1

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Rubber Roof
  • Stone Siding

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Utilities

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

Additional Features

  • Historic Home
  • Upper Level

Listing and Financial Details

  • Assessor Parcel Number W01I001534S006

Community Details

Overview

  • Graham Simmington Association
  • Wayne County Condo Plan No 888 Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$22

Year Built

Built in 1920

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Historic
  • Architecture Level: 1 Story Up
  • Year Built: 1920
  • State Equalized Value: 110900.0000
  • Entry Location: Upper Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Living Room
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Microwave, Washer
  • Total Sq Ft: 1040

Exterior Features

  • Roof Material: Rubber
  • Foundation Details: Slab
  • Construction Materials: Brick, Stone, Wood
  • Porch Type: Balcony, Deck
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Electricity, Detached
  • Garage: Yes

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

  • HOA Fee Includes: Snow Removal, Maintenance Structure, Maintenance Grounds, Sewer, Water
  • Association Fee Frequency: Monthly
  • Phone: graham.simmington@gmail.com
  • Association Fee: 350
  • Association Contact: Graham Simmington
  • Association Fee: Yes

Lot Info

  • Homestead: Yes
  • Parcel Number: W01I001534S006

Rental Info

  • Tenant Amenities: Laundry In-Unit

Tax Info

  • Tax Amount Summer: 19.0000
  • Tax Amount Winter: 3.0000
  • Total Tax: 22.0000
  • Taxable Value: 309.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Nov 13, 2023
Sold by
Sharma Regina M and Sharma Alok
Bought by
Walsh Siobhan
Seller's Agent
Austin Black
@properties Christie's Int'l R.E. Detroit
Buyer's Agent
Justin Johnson
River Shore Realty, LLC
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
212
Current Estimated Value
$310,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,209
Avg. Annual Appreciation
18.25%
Original Mortgage
$195,000
Outstanding Balance
$191,592
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$118,617

Purchase Details

Listed on
Oct 30, 2014
Closed on
Jan 30, 2015
Sold by
Houle Denise
Bought by
Sharma Regina M and Sharma Alok
Seller's Agent
Lisa Debs
Tower Real Estate
Buyer's Agent
David Knapp
Tandem Real Estate LLC
List Price
$175,000
Sold Price
$176,000
Premium/Discount to List
$1,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%
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

Purchase History

Date Buyer Sale Price Title Company
Walsh Siobhan $220,000 Ata National Title
Walsh Siobhan $220,000 Ata National Title
Sharma Regina M $176,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walsh Siobhan $195,000
Closed Walsh Siobhan $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2023 11/13/23 Sold $220,000 -2.2% $212 / Sq Ft
07/24/2023 07/24/23 For Sale $225,000 +27.8% $216 / Sq Ft
02/01/2015 02/01/15 Sold $176,000 +0.6% $176 / Sq Ft View Prior Sale
11/20/2014 11/20/14 Pending -- -- --
10/30/2014 10/30/14 For Sale $175,000 -- $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 $655 $8,700 $0 $0
2024 $655 $8,700 $0 $0
2023 $19 $8,700 $0 $0
2022 $22 $8,700 $0 $0
2021 $398 $142,600 $0 $0
2020 $444 $8,700 $0 $0
2019 $200 $6,700 $0 $0
2018 $164 $6,700 $0 $0
2017 $52 $6,700 $0 $0
2016 $431 $81,800 $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

  • Austin Black

    Seller's Agent in 2023

    Austin Black

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

    (313) 550-2307

    4 in this area

    117 Total Sales

    Austin Black
    Section Image
  • Justin Johnson

    Buyer's Agent in 2023

    Justin Johnson

    River Shore Realty, LLC

    (313) 333-6772

    1 in this area

    89 Total Sales

    Justin Johnson
    Section Image
  • Lisa Debs

    Seller's Agent in 2015

    Lisa Debs

    Tower Real Estate

    (313) 505-3713

    30 Total Sales

    Lisa Debs
    Section Image

  • D

    Buyer's Agent in 2015

    David Knapp

    Tandem Real Estate LLC

    Section Image
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Map

Source: Realcomp

MLS Number: 20230060748

Realcomp

APN: 01-001534-006

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St Unit 6, 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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