tomo logo

$295,000

Beds
1
Baths
1.0
sq ft
971

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

525 W Lafayette Blvd Unit 14C

Detroit, MI 48226

  • 83 days on market
    • Price drop $5,000↓
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.

Details

Property type

Condominium

Est. home value

$268,689

Lot size

Unknown

Price per sq ft

$304

Year built

1918

Annual property taxes

$1,615

Monthly HOA fee

$450

Price History

09/26/2024
Realcomp

Realcomp #20240065007

Price change
$295,000
-1.67%
08/30/2024
Realcomp

Realcomp #20240065007

Listed
$300,000
-1.64%
11/09/2018
Realcomp

Realcomp #218080375

Sold
$305,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Independent Bank

Loan start date

November 2018

Original loan amount

$244,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Ryan Connolly

Lender

Independent Bank

Loan start date

November 2018

Original loan amount

$244,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Ryan Connolly

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Realcomp
$325,000
1 bd
|
1 ba
|
1,022 sq ft
|
Condo

2987 Franklin St Unit 3AB, Detroit, MI 48207

Price drop
Realcomp
$274,900
1 bd
|
1 ba
|
761 sq ft
|
Condo

55 W Canfield St Unit 214, Detroit, MI 48201

Realcomp
$299,900
1 bd
|
1 ba
|
775 sq ft
|
Condo

1642 Bagley St Unit 22, Detroit, MI 48216

Status: Active

Tomo last checked: 11/22/2024 at 3:40 AM

Listing updated: 10/31/2024 at 1:23 PM

Listed by: Susan M Leithauser Yee, Berkshire Hathaway HomeServices The Loft Warehouse Phone #: (313) 658-6400

MLS: Realcomp #20240065007

Realcomp logo

Recently listed in Detroit

$80,000|3 bd|1.0 ba|House
$85,000|3 bd|1.0 ba|House
$175,000|20 bd|11.0 ba|House
$125,000|3 bd|1.0 ba|House
$150,000|2 bd|1.0 ba|Townhouse
$94,900|3 bd|1.0 ba|House
$129,900|3 bd|1.0 ba|House
$135,000|3 bd|1.0 ba|House
$119,300|3 bd|1.5 ba|House