NOT LISTED FOR SALE

242 E Palmer St Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $211,000 - $468,000

2 Beds
1 Bath
944 Sq Ft
$158/mo HOA Fee

Last Sold December 09, 2014

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

Est. 127% increase in value since last sale

Current estimated payment $2,113/month

53 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Cass Technical High School Rated 10
  • 1 Car Detached Garage
  • 5-minute walk to Peck Park

About This Home

As of December 2014

2 Bedroom/1 Bath condo for lease within walking distance to Wayne State University, College of Creative Studies, DIA, and Detroit Medical Center. Close proximity to Henry Ford Hospital, Stadiums, Theaters, Greektown, Campus Martius Park, Detroit Riverfront, and hundreds of bars/restaurants & shops. Interior features include original hardwood floors, wood trim, and granite countertops in kitchen. 1 car detached garage, and additional parking in lot.

Last Agent to Sell the Property

Thomas Tedesco

RE/MAX Showcase Homes License #MISPE-6502135139 Listed on: 08/25/2014

RE/MAX Showcase Homes

Last Buyer's Agent

. Non Mls Member

NON MLS Member License #MISPE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $472

Year Built

  • Built in 1912

HOA Fees

  • $158 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 944 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • Deck
  • Historic Home

Listing and Financial Details

  • Assessor Parcel Number W23I00200451000

Property Details

Home Type

Condominium

Est. Annual Taxes

$472

Year Built

Built in 1912

Lot Details

0

HOA Fees

$158 per month

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type: Historic
  • Type Of Property: Condominium
  • Architecture Style: Ranch
  • Structure Style: More Than 2 Stories
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: Gas Fireplace, LivRoom Fireplace
  • Basement: Yes
  • Bedrooms: 2
  • Bedroom 1: On Entry Level, Dimensions: 12 x 14
  • Bedroom 2: On Entry Level, Dimensions: 10 x 12
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Dining Room: On Entry Level, Dimensions: 15 x 12
  • Kitchen: On Entry Level, Dimensions: 8 x 10
  • Living Room: On Entry Level, Dimensions: 15 x 18
  • Above Grade Finished Sq Ft: 944
  • Total Finished Sq Ft: 944

Exterior Features

  • Exterior: Brick
  • Exterior Features: Deck
  • Foundation: Basement
  • Road: Paved Street

Garage/Parking

  • Garage: Detached Garage, Gar Door Opener
  • Garage Spaces: 1
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Electric, Natural Gas
  • Sewer: Public Sanitary, Public At Street
  • Water: Public Water, Public Water at Street
  • Water Heater: Gas
  • Cooling: Central A/C

Condo/Co-op/Association

  • HOA Fees: 158
  • HOA Fee Frequency: Monthly
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: W23I00200451000
  • Lot Description: Sidewalks
  • Lot Dimensions: Condo
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $447.00
  • Winter Tax: Amount: $25.00

MLS Schools

  • School District: Detroit City School District

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
Thomas Tedesco
RE/MAX Showcase Homes
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%
Current Estimated Value
$362,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,933
Avg. Annual Appreciation
7.90%
Original Mortgage
$112,000
Outstanding Balance
$86,131
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$276,802

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Yan Ling $160,000 Liberty Title
R & A Palmer Properties Llc -- None Available
Gignac Richard B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yan Ling $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2015 03/01/15 Rented $1,200 -14.3% --
02/16/2015 02/16/15 Under Contract -- -- --
12/15/2014 12/15/14 For Rent $1,400 0.0% --
12/09/2014 12/09/14 Sold $160,000 -3.0% $169 / Sq Ft
10/17/2014 10/17/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $165,000 +42.2% $175 / Sq Ft
07/31/2014 07/31/14 Sold $116,000 -7.1% $116 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
06/05/2014 06/05/14 For Sale $124,900 -- $125 / Sq Ft
Source: Michigan Multiple Listing Service

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

  • Kevin Wobbe

    Seller's Agent in 2015

    Kevin Wobbe

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

    (313) 550-4798

    4 in this area

    40 Total Sales

    Kevin Wobbe
    Section Image
  • Lisa Debs

    Seller's Agent in 2014

    Lisa Debs

    Tower Real Estate

    (313) 505-3713

    28 Total Sales

    Lisa Debs
    Section Image
  • Thomas Tedesco

    Seller's Agent in 2014

    Thomas Tedesco

    RE/MAX

    (248) 882-6589

    4 Total Sales

    Thomas Tedesco
    Section Image
  • Charles Ryan

    Buyer's Agent in 2014

    Charles Ryan

    Keller Williams Home

    (313) 578-1981

    186 Total Sales

    Charles Ryan
    Section Image

  • .

    Buyer's Agent in 2014

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31209121

Michigan Multiple Listing Service

APN: 01-001534-004

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St, Detroit, MI

This home is located at 242 E Palmer St, Detroit, MI 48202 since 25 August 2014 and is currently estimated at $362,933, approximately $384 per square foot. This property was built in 1912. 242 E Palmer St is a home located in Wayne County with nearby schools including Golightly Education Center, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Nearby Homes