****INVESTOR OPPORTUNITY**** Welcome to this charming 2-bedroom condo located in the heart of Downtown Detroit. As you step through the front door, you are greeted by an inviting living area with beautiful hardwood floors throughout. The kitchen is equipped with modern appliances and sleek countertops. One of the unique features of this condo is the unfinished basement, providing a versatile space for storage or the potential to create a customized additional living area. This downtown location puts you in the midst of the vibrant energy of Detroit. Minutes from The Dequindre Cut, Downtown Sports Venues and the Aretha Franklin Amphitheatre. Explore nearby restaurants, shops, and cultural attractions. Currently has a Tenant paying $1,350 monthly. HOA FEE ESTIMATED.
Property Details
Property Features
Property Information:
Architectural Style: Townhouse
Year Built: 1969
Stories: 2
Living Area: 1,516 SqFt
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Courtney Bates
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Parking Information:
Parking: 1 Assigned Space
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: West of McDougall on E Lafayette
Price Information
Listing Price Info
Price Summary:
List Price: $159,900
Price Per SqFt: $105/SqFt
HOA Fees:
Amount: $150
Frequency: Monthly
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.
This property is $74.9K more than the Median Sold Price and $31/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: #20240005918
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Courtney Bates
Disclaimer: 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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,016
Per Month
Principal & Interest
$799
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$150
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$546
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school0.13 miles
Public Charter Grades KG-5
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school0.73 miles
Public Charter Grades KG-5
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school0.83 miles
Public District Grades KG-5
Nearby Schools
1
/10
Detroit Academy of Arts and Sciences Middle School
2985 E Jefferson Ave
Distance between this listing and this school0.14 miles
Public Charter Grades 6-8
1
/10
Bunche Preparatory Academy
2715 Macomb St
Distance between this listing and this school0.29 miles
Public District Grades PK-8
5
/10
Detroit Edison Public School Academy
1903 Wilkins St
Distance between this listing and this school1.16 miles
Public Charter Grades PK-8
Nearby Schools
3
/10
Martin Luther King Jr. Senior High School
3200 E Lafayette St
Distance between this listing and this school0.11 miles
Public District Grades 9-12
3
/10
University Preparatory Science and Math (PSAD) High School
2664 Franklin St
Distance between this listing and this school0.38 miles
Public Charter Grades 9-12
6
/10
Detroit Edison Public School Academy High School
3402 Saint Aubin St
Distance between this listing and this school1.16 miles
The neighbors living near this home have an average income of $34,611. The most common annual income of people living in Detroit, MI is less than $35k. Most 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 3134 E Lafayette St Unit 35
What is the listing price of this property?
The listing price of 3134 E Lafayette St Unit 35 property is $159,900.
What type of property is this?
The property 3134 E Lafayette St Unit 35 is a condo located in Detroit, Michigan, 48207.
Is this property for sale now?
Active Listing: 3134 E Lafayette St Unit 35 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 3134 E Lafayette St Unit 35 has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 3134 E Lafayette St Unit 35 is 1,516 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3134 E Lafayette St Unit 35 is 1969.
This home is located at 3134 E Lafayette St Unit 35 in Detroit, MI and zip code 48207 in the Downtown neighborhood. This 1,516 square foot home was built in 1969. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 02, 2024 and is currently priced at $159,900.
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. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.
From Rocket Homes Real Estate and based on county public records data.