NOT LISTED FOR SALE

242 E Palmer St Detroit, MI 48202

Cultural Center Neighborhood

Estimated Value: $213,000 - $355,000

2 Beds
1 Bath
944 Sq Ft
1912 Built

Sale Details

Date Sold: December 9, 2014

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

Est. 76% increase in value since last sale

Current estimated payment $1,568 / mo

Highlights

  • No HOA
  • Forced Air Heating System
  • 1 Car Garage
  • 1-Story Property
  • Ceiling Fan
  • 5-minute walk to Peck Park

About This Home

As of March 2015

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 Rent the Property

Kevin Wobbe

@properties Christie's Int'l R.E. Detroit License #6501330888 Listed on: 12/15/2014

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

Last Renter's Agent

Kevin Wobbe

@properties Christie's Int'l R.E. Detroit License #6501330888 Listed on: 12/15/2014

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

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • Historic Home

Parking

  • 1 Parking Garage Space

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Slab Foundation

Interior Spaces

  • 944 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Dryer

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

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

Listing and Financial Details

  • Security Deposit $1,400
  • 12 Month Lease Term
  • Assessor Parcel Number W23I002004S1000

Condo Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

0 Sq Ft Lot

Rental Info

  • Lease Type: Apartments, Condominium
  • Rent Includes: Water/Sewer
  • Security Deposit: 1400.00

Listing Details

  • Property Type: Condominium
  • Architecture Style: Historic
  • Architecture Level: 1 Story Up
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Range/Stove
  • Total Sq Ft: 944

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick Veneer (Brick Siding)
  • Foundation Materials: Stone
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: 1 Assigned Space
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Association Fee Frequency: Monthly
  • Association Fee: No

Lot Info

  • Parcel Number: W23I002004S1000

Multi Family

  • Length of Lease: 12 Months

MLS Schools

  • School District: Detroit

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2014
Closed on
Dec 8, 2014
Sold by
Bought by
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
$281,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,618
Avg. Annual Appreciation
4.97%
Original Mortgage
$112,000
Outstanding Balance
$83,352
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$198,266

Purchase Details

Closed on
Sep 26, 2012
Sold by
Bought by

Purchase Details

Closed on
May 7, 2008
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$160,000 Liberty Title
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
06/11/2014 06/11/14 Pending -- -- --
06/05/2014 06/05/14 For Sale $124,900 -- $125 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $254 $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

    Landlord's Agent in 2015

    Kevin Wobbe

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

    (313) 550-4798

    3 in this area

    34 Total Sales

    Kevin Wobbe
    Section Image
  • Lisa Debs

    Seller's Agent in 2014

    Lisa Debs

    Tower Real Estate

    (313) 505-3713

    33 Total Sales

    Lisa Debs
    Section Image
  • Thomas Tedesco

    Seller's Agent in 2014

    Thomas Tedesco

    RE/MAX

    (248) 882-6589

    2 Total Sales

    Thomas Tedesco
    Section Image
  • Charles Ryan

    Buyer's Agent in 2014

    Charles Ryan

    Keller Williams Home

    (313) 578-1981

    99 Total Sales

    Charles Ryan
    Section Image

  • .

    Buyer's Agent in 2014

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Realcomp

MLS Number: 214126168

Realcomp

APN: 01-001534-004

Michigan Wayne County Detroit 48202 Cultural Center

242 E Palmer St, Detroit, MI

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2026 Realcomp II Ltd. Shareholders
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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