3 months on rocket

1550 Cherboneau Pl Unit 226, Detroit, MI, 48207

$39,000

Home List Price

$463*

Closing Credit

2 Bedrooms
1 Full Bath
900 SqFt
$43/SqFt
Condo

Location

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1550 Cherboneau Pl Unit 226, Detroit$39,000

Buyer Closing Credits

$463*

1.25% Loan Amount

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Property Highlights

Home TypeStock Cooperative
ParkingNoGarage
Year Built1963
HeatingBaseboard, Natural Gas
CoolingCeiling Fan(s)
MLS #20240061509
StatusActive

About 1550 Cherboneau Pl Unit 226

Located in historic Lafayette Park, this two-bedroom, one-bathroom cooperative is ready for a new owner to add their personal touch. The Cherboneau Place Cooperative has the special distinction of being a moderately priced option that offers convenient living near Downtown Detroit. Walking distance to Eastern Market, Dequindre Cut Greenway, Greektown, and downtown sport venues. HOA covers real estate taxes, heat, water, trash, AC maintenance, and building maintenance/insurance. Must be purchasers primary residence. No investors, building is fully owner occupied. Co-op approval required to purchase. Minimum credit of 670 required. Pets are not allowed.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1963
  • Living Area: 900 SqFt

Listing Office:

  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: Griffin C Krebsbach

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: From E Lafayette, turn North onto Orleans and first left onto Cherboneau Place.

Price Information

Listing Price Info

Price Summary:

  • List Price: $39,000
  • Price Per SqFt: $43/SqFt

HOA Fees:

  • Amount: $725
  • Frequency: Monthly
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Housing Market Comparison

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

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

1550 Cherboneau Pl Unit 226 vs Detroit

119 DAYS ON ROCKET

+70 Days

$39,000

-$46K Less

$43/SqFt

-$25 Less

KEY TAKEAWAY

This property is $46K less than the Median Sold Price and $25/SqFt less 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: #20240061509

Listing Office:

  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: Griffin C Krebsbach

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: 12/18/2024, 11:21:13 AM 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

$987

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$183

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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-4521594
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-4521595
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 0.53 miles

  • Public Charter Grades KG-5

school-card-donut-4521596
1
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 0.79 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 $29,688. Typical income of Detroit, MI residents is less than $35k annually. The majority of families are single, no kids. 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 1550 Cherboneau Pl Unit 226

What is the listing price of this property?

The listing price of 1550 Cherboneau Pl Unit 226 property is $39,000.

What type of property is this?

The property 1550 Cherboneau Pl Unit 226 is a condo located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 1550 Cherboneau Pl Unit 226 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1550 Cherboneau Pl Unit 226 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1550 Cherboneau Pl Unit 226 is 900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1550 Cherboneau Pl Unit 226 is 1963.

Rocket Homes›Michigan›Wayne County›Detroit›48207›1550 Cherboneau Pl Unit 226

This home is located at 1550 Cherboneau Pl Unit 226 in Detroit, MI and zip code 48207 in the Downtown neighborhood. This 900 square foot home was built in 1963. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $39,000.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

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

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