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2987 Franklin St Unit 3Ab, Detroit, MI, 48207

$325,000

Home List Price

$3,859*

Closing Credit

1 Bedroom
1 Full Bath
1,022 SqFt
$318/SqFt
Condo

Location

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2987 Franklin St Unit 3Ab, Detroit$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1943
HeatingNatural Gas, Forced Air
MLS #20240079203
StatusActive

About 2987 Franklin St Unit 3Ab

Industrial corner loft located in Detroit's East Rivertown neighborhood with large warehouse windows and desirable features like sleek, high end finishes, concrete floors, and tall ceiling. Housed in the historic Dongan Building and originally built in 1905 to manufacture military parts during World War II. The bright, open kitchen is finished with a subway tile backsplash; stainless appliances with built-in under-cabinet microwave; hand built open shelving; and a custom kitchen island with tons of storage. The industrial-chic bathroom features spacious walk-in shower, built-in storage wall, and in-unit laundry. Included in the building is gated parking spaces, along with fiber internet, keyless entry system, security cameras, and additional resident storage, and an NEZ cert through 2035. You will fall in love with Detroit's Rivertown District, near the city center and close to attractions like the Detroit Riverwalk ,Belle Isle, Chene Park, Dequindre Cut, and Eastern market. Schedule your private tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Common Entry Building, End Unit, Loft
  • Year Built: 1943
  • Stories: 1
  • Living Area: 1,022 SqFt

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Jay Taylor

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Oven, Refrigerator, Gas Cooktop, Microwave, Range Hood, Stainless Steel Appliance(s), Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Driving E on Jefferson, turn R onto McDougal

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000
  • Price Per SqFt: $318/SqFt

HOA Fees:

  • Amount: $285
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

2987 Franklin St Unit 3Ab vs Detroit

33 DAYS ON ROCKET

-12 Days

$325,000

+$240K More

$318/SqFt

+$244 More

KEY TAKEAWAY

This property is $240K more than the Median Sold Price and $244/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: #20240079203

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Jay Taylor

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: 11/23/2024, 9:20:52 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.

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$1,975

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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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-985354
1
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 0.12 miles

  • Public Charter Grades KG-5

school-card-donut-985355
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 0.85 miles

  • Public District Grades KG-5

school-card-donut-985356
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 0.93 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 $45,510. Typical income of Detroit, MI residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2987 Franklin St Unit 3Ab

What is the listing price of this property?

The listing price of 2987 Franklin St Unit 3Ab property is $325,000.

What type of property is this?

The property 2987 Franklin St Unit 3Ab is a condo located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 2987 Franklin St Unit 3Ab is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 2987 Franklin St Unit 3Ab has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 2987 Franklin St Unit 3Ab is 1,022 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2987 Franklin St Unit 3Ab is 1943.

Rocket Homes›Michigan›Wayne County›Detroit›48207›2987 Franklin St Unit 3Ab

This home is located at 2987 Franklin St Unit 3Ab in Detroit, MI and zip code 48207 in the Rivertown neighborhood. This 1,022 square foot home was built in 1943. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $325,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

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

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