5 months on rocket

1300 E Lafayette Unit 507, Detroit, MI, 48207

$149,000

Home List Price

$1,769*

Closing Credit

4 Bedrooms
2 Full Baths
1,664 SqFt
$90/SqFt
Condo

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1300 E Lafayette Unit 507, Detroit$149,000

Buyer Closing Credits

$1,769*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Parking1 Assigned Space, Direct Access, Electricity, Attached
Attached GarageYes
Year Built1964
HeatingHeat Pump, Forced Air
CoolingCentral Air, Other
BasementYes
Private PoolYes
MLS #20240041939
StatusActive

About 1300 E Lafayette Unit 507

Take advantage of this amazing "Design on a Dime" rehab opportunity at 1300 E. Lafayette Cooperative. The four bedroom floor plan with an in-unit laundry connection and beautiful views from this 5th floor corner unit is available at fraction of the price in Downtown Detroit's Lafayette Park. The monthly HOA includes property tax, heat, AC, basic cable, management, maintenance and security staff and so much more. This unit offers a beautiful view of the city, park and water at a bargain equity price along with the comfort and ambiance of living in Lafayette Park! Enjoy living in a modern and vibrant Downtown high rise that provides the perfect balance of “ownership and convenience” with a rich sense of community with welcoming neighbors. 1300 Lafayette East Cooperative is a gated community with 24-hour onsite laundry room, state of the art fitness center, yoga studio, two heated outdoor pools, as well as secure indoor and outdoor parking options. Located just steps from the GM Ren Cen, Greektown, Detroit Riverwalk, Eastern Market, Downtown Meijer store, cafes, restaurants and other nearby grocery options.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise, Historic
  • Year Built: 1964
  • Stories: 1
  • Living Area: 1,664 SqFt

Listing Office:

  • Office Name: Historic Realty Detroit
  • Office Phone: (313) 752-0533
  • Listing Agent: Jason Hill

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Pool – Community, Pool - Inground

Parking Information:

  • Attached Garage: Yes
  • Parking: 1 Assigned Space, Direct Access, Electricity, Attached

Lot Features

Lot Information:

  • Lot: Wooded

Utilities

Utilities Information:

  • Heating: Heat Pump, Forced Air
  • Cooling: Central Air, Other

Other

Directions Information:

  • Directions: I-75 to E. Lafayette

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,000
  • Price Per SqFt: $90/SqFt

HOA Fees:

  • Amount: $1645
  • Frequency: Monthly
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Detroit, MI.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

1300 E Lafayette Unit 507 vs Detroit

158 DAYS ON ROCKET

+113 Days

$149,000

+$64K More

$90/SqFt

+$16 More

KEY TAKEAWAY

This property is $64K more than the Median Sold Price and $16/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240041939

Listing Office:

  • Office Name: Historic Realty Detroit
  • Office Phone: (313) 752-0533
  • Listing Agent: Jason Hill

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,456

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$513

Powered By

Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-452966
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 0.12 miles

  • Public District Grades KG-5

school-card-donut-452967
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 0.82 miles

  • Public Charter Grades KG-5

school-card-donut-452968
1
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 0.87 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,842. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1300 E Lafayette Unit 507

What is the listing price of this property?

The listing price of 1300 E Lafayette Unit 507 property is $149,000.

What type of property is this?

The property 1300 E Lafayette Unit 507 is a condo located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 1300 E Lafayette Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1300 E Lafayette Unit 507 has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1300 E Lafayette Unit 507 is 1,664 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1300 E Lafayette Unit 507 is 1964.

Rocket Homes›Michigan›Wayne County›Detroit›48207›1300 E Lafayette Unit 507

This home is located at 1300 E Lafayette Unit 507 in Detroit, MI and zip code 48207 in the Downtown neighborhood. This 1,664 square foot home was built in 1964. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 16, 2024 and is currently priced at $149,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources