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$327,500

Beds
3
Baths
2.0
sq ft
1,984

242 E Palmer St Unit 1, Detroit, MI 48202

242 E Palmer St Unit 1

Detroit, MI 48202

  • 95 days on market
    • Price drop $10,000↓
Welcome to Midtown Art Center! Embrace the artsy side of Midtown, where you can walk to the Detroit Institute of Arts (DIA), Wayne State University, CCS, the public library, and the historical museum, while enjoying the tranquility of a true residential neighborhood. This original brick building blends Craftsman and Loft styles and features two garden-level condominiums, currently joined into one expansive living space. Easily revertible to two distinct units, this property offers flexibility and charm. Perfect for an artist's studio or a student investment property! Live in one unit and rent the other out! The main living area of the primary residence includes a welcoming living room, dining area, and a fully equipped kitchen. It features a large bedroom with a washer/dryer and a smallerbedroom used as a home office. A connecting entryway leads to the second unit with a versatile bonus room, currently an art studio with a kiln, plus a bedroom, bathroom, partial kitchen, and washer/dryer hookup. Enjoy easy access to shopping, dining, the Q-Line, and major freeways, along with the NEZ-homestead property tax abatement ensuring long-term financial advantages. Don't miss this chance to own a unique property in Midtown Art Center, offering modern convenience and urban living at its finest.

Details

Property type

Condominium

Lot size

8,712 sq ft

Price per sq ft

$166

Year built

1920

Annual property taxes

$478.18

Monthly HOA fee

$570

Price History

09/30/2024
Realcomp

Realcomp #81024039800

Price change
$327,500
-5.76%
08/01/2024
Realcomp

Realcomp #81024028103

Removed
$347,500
+2.96%
08/01/2024
Realcomp

Realcomp #81024039800

Listed
$337,500
-2.88%

Schools & Community

Neighborhood: 

Art Center

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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Status: Active

Tomo last checked: 11/05/2024 at 7:35 AM

Listing updated: 10/18/2024 at 12:45 PM

Listed by: Stephanie Hale, Phone #: (734) 761-6600

MLS: Realcomp #81024039800

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