NOT LISTED FOR SALE

242 E Palmer St Unit 7 Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $362,000 - $606,000

2 Beds
1 Bath
1,040 Sq Ft
$160/mo HOA Fee

Last Sold August 03, 2015

Last sale price $175,000 $168 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $2,525/month

11 Days on Market

Highlights

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

About This Home

As of August 2015

This craftsman renovated condo has a lovely decor. This is a fully occupied 8 unit building. Original brick with a blend of Craftsman/Loft style. Hardwood floors through out all of the home except for kitchen & bath which are ceramic and 1 bedroom has carpeting. There is a covered porch off of the living room and a back deck off of the back with a private entry. All appliances stay: Fridge, Range, Micro, DW, washer, & dryer. This unit comes with a single car garage. The association is installing a remote access parking gate which will provide security and extra parking for guests. NEZ taxes! Home Warranty included.

Last Agent to Sell the Property

Lisa Debs

Tower Real Estate License #6501317042 Listed on: 06/01/2015

Last Buyer's Agent

David Knapp

Tandem Real Estate LLC License #6502427123

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1912

Lot Details

  • Private Entrance
  • Fenced

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number W23I002004S1003
  • $2,500 Seller Concession

Community Details

Overview

  • Pat Baker Association, Phone Number (568) 530-6811
  • High-Rise Condominium
  • Wayne County Condo Plan No 888 Subdivision
  • On-Site Maintenance

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$235

Year Built

Built in 1912

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: High Rise
  • Architecture Level: 1 Story
  • Warranty: Yes
  • Year Built: 1912
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common, Unfinished, Walkout Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1040

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Grounds Maintenance, Lighting, Private Entry
  • Foundation Materials: Brick/Mortar
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Association Fee Frequency: Monthly
  • Phone: 568-530-6811
  • Association Fee: 160
  • Association Contact: Pat Baker
  • Association Fee: No

Lot Info

  • Parcel Number: W23I002004S1003

Tax Info

  • Tax Amount Summer: 210.0000
  • Tax Amount Winter: 25.0000
  • Total Tax: 235.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2015
Closed on
Aug 3, 2015
Sold by
Decker Baker Patrick J and Decker Thomas Deborah
Bought by
Simmington Graham M
Seller's Agent
Lisa Debs
Tower Real Estate
Buyer's Agent
David Knapp
Tandem Real Estate LLC
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%
Current Estimated Value
$446,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,088
Avg. Annual Appreciation
9.50%
Original Mortgage
$140,000
Outstanding Balance
$109,050
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$337,038

Purchase Details

Closed on
Jun 3, 2013
Sold by
Baker Patrick J
Bought by
Baker Patrick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,150
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
Lancaster Condominiums Llc
Bought by
Baker Patrick J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Simmington Graham M $175,000 Liberty Title
Baker Patrick J -- None Available
Baker Patrick J $165,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simmington Graham M $140,000
Previous Owner Baker Patrick J $122,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2015 08/03/15 Sold $175,000 -5.4% $168 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $185,000 -- $178 / 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 $196 $8,700 $0 $0
2024 $196 $8,700 $0 $0
2023 $191 $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 $87,400 $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 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: 215054580

Realcomp

APN: 01-001534-007

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St Unit 7, 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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