2 months on rocket

525 W Lafayette Blvd Unit 20C, Detroit, MI, 48226

$330,000

Home List Price

$3,919*

Closing Credit

1 Bedroom
1 Full Bath
971 SqFt
$340/SqFt
Condo
Schools Nearby

Location

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525 W Lafayette Blvd Unit 20C, Detroit$330,000

Buyer Closing Credits

$3,919*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Parking1 Assigned Space
Year Built1918
HeatingNatural Gas, Forced Air
MLS #20240011525
StatusActive

About 525 W Lafayette Blvd Unit 20C

Perched up on the 20th floor of the Ft. Shelby building, designed by renowned architect Albert Khan, this stylish well-kept 1 bedroom residence is located Downtown - steps away from all the buzz. Enjoy nearly 1,000 square feet! The recently renovated condominium offers an open floor plan, perfect for entertainment. Catch a glimpse of the stunning views of the Ambassador Bridge from the Living Room windows. Spacious light-filled bedroom and large walk-in closet. Walk to some of the city's best restaurants, a number of venues to catch a show- The Fox Theater, The Fillmore, or the Opera House. All sports teams play downtown, so take your pick- Hockey, Basketball, Baseball, Football. Buy in time for the NFL Draft in April! The Q-Line Tram takes you up to Midtown- the Cultural district with an array of Museums to enjoy. Enjoy the amenities within the hotel which include the onsite concierge, fitness center, restaurant and bar, and food delivery. The condominium includes 1 gated space for parking and a storage unit in the basement. Whether this is your primary residence or secondary, benefit from paying low taxes with the NEZ in place through most of 2033! Priced to Sell!

Property Details

Property Features

Property Information:

  • Architectural Style: Common Entry Building, Other
  • Year Built: 1918
  • Stories: 1
  • Living Area: 971 SqFt

Listing Office:

  • Office Name: Nika & Co
  • Office Phone: (313) 858-6580
  • Listing Agent: Nika Jusufi

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: West of 1st St on Lafayette.

Price Information

Listing Price Info

Price Summary:

  • List Price: $330,000
  • Price Per SqFt: $340/SqFt

HOA Fees:

  • Amount: $477
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

525 W Lafayette Blvd Unit 20C vs Detroit

65 DAYS ON ROCKET

+20 Days

$330,000

+$248.9K More

$340/SqFt

+$269 More

KEY TAKEAWAY

This property is $248.9K more than the Median Sold Price and $269/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: #20240011525

Listing Office:

  • Office Name: Nika & Co
  • Office Phone: (313) 858-6580
  • Listing Agent: Nika Jusufi

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: 5/2/2024, 4:25:18 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.

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$2,192

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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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-4540130
4
/10

  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.73 miles

  • Public Charter Grades KG-5

school-card-donut-4540131
3
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.94 miles

  • Public Charter Grades KG-5

school-card-donut-4540132
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 2.42 miles

  • Public Charter Grades KG-4

All data from GreatSchools

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. 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 20C

What is the listing price of this property?

The listing price of 525 W Lafayette Blvd Unit 20C property is $330,000.

What type of property is this?

The property 525 W Lafayette Blvd Unit 20C is a condo located in Detroit, Michigan, 48226.

Is this property for sale now?

Active Listing: 525 W Lafayette Blvd Unit 20C 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 20C has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 525 W Lafayette Blvd Unit 20C is 971 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 W Lafayette Blvd Unit 20C is 1918.

Rocket Homes›Michigan›Wayne County›Detroit›48226›525 W Lafayette Blvd Unit 20C

This home is located at 525 W Lafayette Blvd Unit 20C 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 February 26, 2024 and is currently priced at $330,000.

In April 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 89 listings were sold at asking price, while more than 243 were sold below. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. While the average time on the market in April 2024 was 45 days, the median list price was $81,036.

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

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