NOT LISTED FOR SALE

242 E Palmer St Unit 8 Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $264,000 - $442,000

2 Beds
1 Bath
1,040 Sq Ft
$260/mo HOA Fee

Last Sold April 19, 2019

Last sale price $254,000 $244 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,143/month

152 Days on Market

Highlights

  • Porch
  • 1 Car Attached Garage
  • Awning
  • Cass Technical High School Rated 10
  • 1-Story Property
  • 5-minute walk to Peck Park

About This Home

As of April 2019

This clean, modern 2 bed-1 bath condo is located in the charming Midtown Sheraton building and move-in ready for you to own! . Located on the top floor of the building with its oversized windows overlooking New Center and Midtown. Unit features private spa like bathroom, in-unit laundry, and spacious master bedroom with plenty of closet space. High ceilings throughout the entire unit and original character to make it the perfect place to call home. Minutes from the downtown, and freeways. One car garage included with sale, and extra storage space in basement. Being walking distance to Midtown and NEZ good until 2022 this unit is one not to miss out on.

Last Agent to Sell the Property

Saverio Montalto

DOBI Real Estate License #6501380912 Listed on: 10/24/2018

DOBI Real Estate

Last Buyer's Agent

Kelly Knight

Coldwell Banker Professionals-Plymouth License #6501329431

Coldwell Banker Professionals-Plymouth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1912 | Remodeled in 2006

HOA Fees

  • $260 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Rubber Roof

Interior Spaces

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

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W01I001534S008L

Community Details

Overview

  • Wayne County Condo Plan No 888 Subdivision
  • On-Site Maintenance

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$665

Year Built

Built in 1912 | Remodeled in 2006

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: Condominium
  • Architecture Level: 1 Story
  • Year Built: 1912
  • Year Renovated: 2006
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common, Walkout Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1040

Exterior Features

  • Roof Material: Rubber
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Grounds Maintenance, Lighting
  • Foundation Materials: Block, Brick/Mortar
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Attached, Door Opener, Electricity
  • 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: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fee: 260
  • Association Fee: Yes

Lot Info

  • Homestead: Yes
  • Parcel Number: W01I001534S008L

Tax Info

  • Tax Amount Summer: 614.0000
  • Tax Amount Winter: 51.0000
  • Total Tax: 665.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2016
Closed on
Nov 4, 2016
Sold by
Kemper Deborah L and Kemper Mark S
Bought by
Miranda Eliseo
Seller's Agent
Jan Dijkers
Berkshire Hathaway HomeServices The Loft Warehouse
Buyer's Agent
Casey Matteson
EXP Realty LLC
List Price
$225,000
Sold Price
$223,450
Premium/Discount to List
-$1,550
-0.69%
Current Estimated Value
$349,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,242
Avg. Annual Appreciation
5.07%
Original Mortgage
$212,277
Outstanding Balance
$169,964
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$179,728

Purchase Details

Listed on
May 20, 2013
Closed on
Jun 14, 2013
Sold by
Gignac Richard B
Bought by
Kemper Deborah L and Kemper Mark S
Seller's Agent
Lisa Debs
Tower Real Estate
Buyer's Agent
Eric Miller
RE/MAX Complete
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.69%
Original Mortgage
$212,277
Interest Rate
3.42%
Mortgage Type
New Conventional

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
Oct 12, 2007
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

Purchase History

Date Buyer Sale Price Title Company
Miranda Eliseo $223,450 First American Title Ins Co
Kemper Deborah L $125,000 Fidelity National Title Co L
Kemper Deborah L -- None Available
R & A Palmer Properties Llc -- None Available
Gignac Richard B $130,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miranda Eliseo $212,277
Previous Owner Kemper Deborah L $212,277
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2019 04/19/19 Sold $254,000 -5.6% $244 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
01/11/2019 01/11/19 Price Changed $269,000 -5.3% $259 / Sq Ft
10/24/2018 10/24/18 For Sale $284,000 +27.1% $273 / Sq Ft
11/04/2016 11/04/16 Sold $223,450 -0.7% $215 / Sq Ft View Prior Sale
09/22/2016 09/22/16 Pending -- -- --
09/13/2016 09/13/16 For Sale $225,000 0.0% $216 / Sq Ft
08/21/2016 08/21/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $225,000 +80.0% $216 / Sq Ft
06/14/2013 06/14/13 Sold $125,000 -3.8% $132 / Sq Ft View Prior Sale
06/14/2013 06/14/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $129,900 -- $138 / 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 $509 $8,700 $0 $0
2024 $509 $8,700 $0 $0
2023 $520 $8,700 $0 $0
2022 $611 $8,700 $0 $0
2021 $611 $8,700 $0 $0
2020 $852 $8,700 $0 $0
2019 $471 $6,700 $0 $0
2018 $394 $6,700 $0 $0
2017 $127 $6,700 $0 $0
2016 $480 $81,900 $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

  • Saverio Montalto

    Seller's Agent in 2019

    Saverio Montalto

    DOBI Real Estate

    (586) 615-5211

    100 Total Sales

    Saverio Montalto
    Section Image
  • Kelly Knight

    Buyer's Agent in 2019

    Kelly Knight

    Coldwell Banker Professionals-Plymouth

    (734) 634-6101

    270 Total Sales

    Kelly Knight
    Section Image
  • Katherine Schaumburger

    Buyer Co-Listing Agent in 2019

    Katherine Schaumburger

    EXP Realty

    (734) 674-6324

    188 Total Sales

    Katherine Schaumburger
    Section Image
  • Jan Dijkers

    Seller's Agent in 2016

    Jan Dijkers

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 319-1370

    9 in this area

    253 Total Sales

    Jan Dijkers
    Section Image
  • Casey Matteson

    Buyer's Agent in 2016

    Casey Matteson

    EXP Realty LLC

    (248) 207-7906

    38 Total Sales

    Casey Matteson
    Section Image
  • Lisa Debs

    Seller's Agent in 2013

    Lisa Debs

    Tower Real Estate

    (313) 505-3713

    30 Total Sales

    Lisa Debs
    Section Image
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Map

Source: Realcomp

MLS Number: 218103811

Realcomp

APN: 01-00-153-40-08L

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St Unit 8, Detroit, MI

Not Listed for Sale

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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