6 months on rocket

525 W Lafayette Blvd Unit 16B, Detroit, MI, 48226

$600,000

Home List Price

$7,125*

Closing Credit

3 Bedrooms
2 Full Baths
1,848 SqFt
$325/SqFt
Condo

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

525 W Lafayette Blvd Unit 16B, Detroit$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Parking1 Assigned Space
Year Built1918
HeatingElectric, Forced Air
CoolingCentral Air
MLS #20240034683
StatusActive

About 525 W Lafayette Blvd Unit 16B

Fifty-six lovely homes nestled within a historic tower, crafted by the esteemed architect Albert Kahn, unveil enchanting vistas of the Detroit River and its glittering skyline. Each home is the perfect example of elegant city living. Delicate finishes dance gracefully amidst the timeless charm of the Fort Shelby Residences, creating a harmonious blend of old-world allure and contemporary elegance. The infusion of quartz, wood, and steel into this century-old architectural masterpiece adds a touch of modern sophistication to every corner, while state-of-the-art appliances & systems ensure a level of comfort fit for royalty. Step into the B floorplan, where sunlight pours through windows on three sides, casting a warm glow upon every inch of this sanctuary. The master suite beckons with its tranquil ambiance, boasting a charming dressing area adjacent to the luxurious bathroom and a spacious walk-in closet that promises to indulge your every whim. Meandering through the expansive 1,848 square feet of living space, you'll discover a Kitchen/Living/Dining area that transcends mere functionality, spanning over 800 sq.ft. and offering panoramic views that inspire awe with every glance. The master bedroom, a serene spacious (400 sq.ft.) retreat, invites you to unwind in blissful comfort after a long day's adventures. But the allure of Fort Shelby Residences extends far beyond the confines of your home. Imagine waking up to the convenience of 24/7 Valet service (available for a fee), tantalizing aromas wafting from on-site restaurants, and the gentle clinking of glasses in a cozy bar just steps away. Stay fit and fabulous with access to the 24/7 fitness center, or simply bask in the personalized attention of the private residential lobby and concierge services, tailored to cater to your every need. Indulge your senses, embrace luxury, and elevate your lifestyle in amazing unit 16B at the Fort Shelby Residences.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise, Historic
  • Year Built: 1918
  • Stories: 1
  • Living Area: 1,848 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Jerome Huez

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Microwave, Stainless Steel Appliance(s), Washer
  • Basement: No
  • Interior: Smoke Alarm, Intercom, Programmable Thermostat, Furnished - No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting, Private Entry

Parking Information:

  • Parking: 1 Assigned Space

Lot Features

Lot Information:

  • Lot: Private, Views

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: At the corner of West Lafayette and 1st Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $325/SqFt

HOA Fees:

  • Amount: $717
  • Frequency: Monthly
House and calculator

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.

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

525 W Lafayette Blvd Unit 16B vs Detroit

184 DAYS ON ROCKET

+139 Days

$600,000

+$515K More

$325/SqFt

+$251 More

KEY TAKEAWAY

This property is $515K more than the Median Sold Price and $251/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: #20240034683

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Jerome Huez

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.

Payment Calculator

$3,779

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Powered By

Rocket Mortgage

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-350562
8
/10
  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.16 miles

  • Public District Grades KG-5

school-card-donut-350563
3
/10
  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.74 miles

  • Public Charter Grades KG-5

school-card-donut-350564
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. The majority of Detroit, MI residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 525 W Lafayette Blvd Unit 16B

What is the listing price of this property?

The listing price of 525 W Lafayette Blvd Unit 16B property is $600,000.

What type of property is this?

The property 525 W Lafayette Blvd Unit 16B is a condo located in Detroit, Michigan, 48226.

Is this property for sale now?

Active Listing: 525 W Lafayette Blvd Unit 16B 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 16B has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 525 W Lafayette Blvd Unit 16B is 1,848 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 W Lafayette Blvd Unit 16B is 1918.

Rocket Homes›Michigan›Wayne County›Detroit›48226›525 W Lafayette Blvd Unit 16B

This home is located at 525 W Lafayette Blvd Unit 16B in Detroit, MI and zip code 48226 in the Central Business District neighborhood. This 1,848 square foot home was built in 1918. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $600,000.

Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. The number of homes for sale 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.

More Resources