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Stephanie Hale · Howard Hanna

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ActiveOpen house: Sun, Aug 11 · 5-7 AM

Buy a condoat 242 E Palmer 1 & 2, Detroit, MI 48202

$337,500

$0/mo

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Residential

1,984 Sq. Ft.

8,550 Sq. Ft. lot

3 Bedrooms

2 Bathrooms

132 Days on market

24039800 MLS ID

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About 242 E Palmer 1 & 2 condo

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 smaller bedroom 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.
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 smaller bedroom 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.

Open houses

Sun, Aug 11, 5:00 AM - 7:00 AM

Property details

Appliances

Dryer

Washer

Disposal

Dishwasher

Microwave

Range

Refrigerator

Construction materials

Brick

Cooling

Central Air

Heating

Forced Air

Interior features

Kitchen Island

Laundry features

Laundry Room

In Unit

Main Level

Possession

Close Of Escrow

Sewer

Public Sewer

Utilities

Natural Gas Available

Natural Gas Connected

Cable Connected

Monthly cost

Estimated monthly cost

$2,370/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Aug 5, 2014

Price

$116,000

DatePrice
Aug 5, 2014$116,000

Schools

This home is within the Detroit Public Schools Community District.

Detroit enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$317,250

+$10,125

$327,375

Seller agent commission$10,125 (3%)*

$0 (0%)

Buyer agent commission$10,125 (3%)*

$10,125 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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Unreal Estate checked: Sep 10, 2024 at 1:34 p.m.

Data updated: Aug 12, 2024 at 6:54 a.m.

Courtesy of Howard Hanna, Stephanie Hale.
All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information.
Listing Information © 2024 Michigan Regional Information Center. All Rights Reserved.

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