2 months on rocket

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

$295,000

Home List Price

$3,503*

Closing Credit

1 Bedroom
1 Full Bath
971 SqFt
$304/SqFt
Condo

Location

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525 W Lafayette Blvd Unit 14C, Detroit$295,000

Buyer Closing Credits

$3,503*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Parking1 Assigned Space
Year Built1918
HeatingNatural Gas, Forced Air
MLS #20240065007
StatusActive

About 525 W Lafayette Blvd Unit 14C

High rise living in Downtown Detroit with hotel amenities and city views. The Fort Shelby offers an array of services and amenities, fitness room, storage, discounts at the hotel, restaurant, coffee shop and bar. The location is walkable to the River and Campus Martius, just a few blocks away. Historic 1920s construction with modern interior finishes like brand new cabinetry in the kitchen and bathrooms, quartz countertops, subway backsplash, travertine tile and stainless steel appliances. This generously-sized 1BR 1BA includes spacious, open living area, large BR, walk in closet & gorgeous river view from the luxurious BA! One parking space in surface lot included. Low NEZ-abated property taxes through 2033 (Cert #2018-122) Tenant occupied until Sept 30.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1918
  • Stories: 1
  • Living Area: 971 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Susan M Leithauser Yee

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: 1 Assigned Space

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Street parking available

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,000
  • Price Per SqFt: $304/SqFt

HOA Fees:

  • Amount: $450
  • 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

525 W Lafayette Blvd Unit 14C vs Detroit

82 DAYS ON ROCKET

+37 Days

$295,000

+$210K More

$304/SqFt

+$230 More

KEY TAKEAWAY

This property is $210K more than the Median Sold Price and $230/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: #20240065007

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Susan M Leithauser Yee

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, 4:20:52 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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$1,990

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30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$951

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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-364225
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.16 miles

  • Public District Grades KG-5

school-card-donut-364226
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.74 miles

  • Public Charter Grades KG-5

school-card-donut-364227
1
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.94 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 $46,917. The majority of Detroit, MI residents have income between $35k-100k annually. Most 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 525 W Lafayette Blvd Unit 14C

What is the listing price of this property?

The listing price of 525 W Lafayette Blvd Unit 14C property is $295,000.

What type of property is this?

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

Is this property for sale now?

Active Listing: 525 W Lafayette Blvd Unit 14C 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 14C has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 525 W Lafayette Blvd Unit 14C is 971 SqFt (source: MLS/tax record).

Which year was this property built?

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

Rocket Homes›Michigan›Wayne County›Detroit›48226›525 W Lafayette Blvd Unit 14C

This home is located at 525 W Lafayette Blvd Unit 14C in Detroit, MI and zip code 48226 in the Central Business District neighborhood. This 971 square foot home was built in 1918. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $295,000.

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. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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