8 months on rocket

525 W Lafayette Blvd Unit 14A, Detroit, MI, 48226

$450,000

Home List Price

$5,344*

Closing Credit

2 Bedrooms
2 Full Baths
1,408 SqFt
$320/SqFt
Condo

Location

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525 W Lafayette Blvd Unit 14A, Detroit$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Parking1 Assigned Space
Year Built1918
HeatingElectric, Geothermal, Forced Air
CoolingCentral Air, Heat Pump
BasementYes
MLS #20240014630
StatusActive

About 525 W Lafayette Blvd Unit 14A

The City Awaits You with this modern, turn-key, 2-Bedroom condo on the 14th story of the Albert Kahn designed Fort Shelby building, centrally located in Downtown Detroit! Ready for new explorers, walk in and instantly soak up the expansive North and East facing Skyline City views. Light pours into the unit from the many oversized windows throughout the living and dining rooms. Their generous size allow for plenty of space for friends and family to enjoy. The open concept kitchen w/stainless steel appliances and oversized white quartz island w/bar seating offer up a Chef's paradise in amenities and space. Follow the dark wood flooring towards the bedroom wing, while enjoying the plentiful storage closets along the way, including a pantry and laundry closet. The oversized hallway full bathroom is equipped with ceramic tile, vanity w/white quartz countertops, and tub shower. The hallway second bedroom has East facing views of Downtown Detroit's many Historic sky scrapers. Enter the private Master Suite, equipped with an extra large bathroom featuring a ceramic tile standing shower and vanity w/white quartz countertop. The Master Bedroom has a wall closet and East facing views of Detroit. Don't let the modern design of this condo fool you as this Historic building has plenty of charm: The building operates as a Hotel w/on-site lobby, valet parking, bellhop, shoe shine, conference center, restaurant, coffee shop and a 24-hour Gym. Private fenced and gated parking spots are located in the back of the building for each Condo owner. This unit has an XL parking spot, #29, suitable for two cars in Tandem or an XL SUV/Pickup Truck & Small Sedan. There is also an additional storage unit in the basement of building. NEZ Tax Benefit is in effect with approximately 13-years remaining. All Furniture Separately Available for Sale!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise, Historic
  • Year Built: 1918
  • Stories: 1
  • Living Area: 1,408 SqFt

Listing Office:

  • Office Name: Max Broock, REALTORS®-Birmingham
  • Office Phone: (248) 644-6700
  • Listing Agent: Nayeem Amin

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Microwave, Stainless Steel Appliance(s), Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: 1 Assigned Space

Virtual/3D Tour

  • 3D Tour: 525 W Lafayette Blvd Unit 14A
3D Tour

Utilities

Utilities Information:

  • Heating: Electric, Geothermal, Forced Air
  • Cooling: Central Air, Heat Pump

Other

Directions Information:

  • Directions: Follow Cass Avenue SE towards Downtown Detroit, Turn Right on W. Lafayette Blvd., Drive Past 1st Street, and Building is Immediately to the Left Side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $320/SqFt

HOA Fees:

  • Amount: $597
  • Frequency: Monthly
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

525 W Lafayette Blvd Unit 14A vs Detroit

261 DAYS ON ROCKET

+216 Days

$450,000

+$365K More

$320/SqFt

+$246 More

KEY TAKEAWAY

This property is $365K more than the Median Sold Price and $246/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: #20240014630

Listing Office:

  • Office Name: Max Broock, REALTORS®-Birmingham
  • Office Phone: (248) 644-6700
  • Listing Agent: Nayeem Amin

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: 11/24/2024, 7:20:52 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

$2,910

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-1116276
8
/10
  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.16 miles

  • Public District Grades KG-5

school-card-donut-1116277
3
/10
  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.74 miles

  • Public Charter Grades KG-5

school-card-donut-1116278
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.94 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,917. Residents of Detroit, MI typically earn between $35k-100k each year. Typical family type is 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 525 W Lafayette Blvd Unit 14A

What is the listing price of this property?

The listing price of 525 W Lafayette Blvd Unit 14A property is $450,000.

What type of property is this?

The property 525 W Lafayette Blvd Unit 14A is a condo located in Detroit, Michigan, 48226.

Is this property for sale now?

Active Listing: 525 W Lafayette Blvd Unit 14A is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 525 W Lafayette Blvd Unit 14A has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 525 W Lafayette Blvd Unit 14A is 1,408 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 W Lafayette Blvd Unit 14A is 1918.

Rocket HomesMichiganWayne CountyDetroit48226525 W Lafayette Blvd Unit 14A

This home is located at 525 W Lafayette Blvd Unit 14A in Detroit, MI and zip code 48226 in the Central Business District neighborhood. This 1,408 square foot home was built in 1918. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $450,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 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.

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