242 E Palmer
Detroit, MI 48202
- 3 beds
- 2 baths
- 1,984 sqft
- 8,550 sqft lot
- $176 per sqft
- 1920 build
- – on site
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.
Last checked:
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Last updated Jul 1, 2024
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MLS# 24028103 —
The Building
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Year Built:1920
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Ranch
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Foundation Details:None
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Building Features:None
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Patio And Porch Features:None
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Accessibility Features:No
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Direction Faces:None
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Roof:None
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Stories:1
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Entry Type:Private
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Basement:No
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Basement:Slab
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Basement:No
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Building Area Total:1984.0
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Unit Number:1 & 2
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Exterior -Brick:true
Interior
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Rooms Total:8
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Interior Features:Kitchen Island
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Flooring:None
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Fireplace:false
Room Dimensions
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Living Area:1984.0
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Main Level SqFt:1984.0
Location
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Directions:Located on Palmer Between John R and Brush
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Cross Street:Between Brush and John R
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Latitude:42.362907
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Longitude:-83.064527
The Property
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Parcel Number:23002004.0997
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Property Type:Residential
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Property Subtype:Condominium
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Property Attached:No
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Lot Size SqFt:8550.0
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Lot Size Acres:0.2
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Lot Size Area:0.2
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Lot Size Units:Acres
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Topography:None
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Waterfront:false
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View:None
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View:No
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Exterior Features:Patio
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Fencing:None
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Inclusions:None
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Zoning:None
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Current Use:None
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Possible Use:None
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Frontage Type:None
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Waterfront:No
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Road Frontage:50.0
Listing Agent
- Contact info:
- Agent phone:
- (734) 277-9501
- Office phone:
- (734) 761-6600
Taxes
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Tax Year:2023
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Tax Year:2023.0
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Tax Legal Description:UNIT 1; WAYNE COUNTY CONDO PLAN NO 888''LANCASTER LOFTS'REC L43889 P149-203 DEEDS, WCR 1/247 12.5% NEZ REHAB CERT #2004-0997,RELATED PARCEL #01001534.001.
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Tax Annual Amount:478.18
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Tax Assessed Value:5213
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Taxable Value:5213.0
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Annual Property Taxes:478.18
Beds
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Bedrooms Total:3
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Main Level Bedrooms:3
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Main Bedrooms:3
Baths
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Total Baths:2
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Total Baths:2.0
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Partial Baths:None
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Full Baths:2
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Full Baths:2
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Buyer Agency Compensation:3.00
Heating & Cooling
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Cooling:Central Air
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Cooling:true
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Heating:true
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Heating:Forced Air
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Heat Type -Forced Air:true
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Heat Source -Natural Gas:true
Utilities
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Utilities:Natural Gas Connected, Cable Connected, High-Speed Internet
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Electric:None
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Natural Gas:true
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Dishwasher:true
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Central Air:true
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Sewer:Public Sewer
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Sewer -Publictrue
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Water Source:Public
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Water Public:true
Appliances
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Appliances:Dryer, Washer, Disposal, Dishwasher, Microwave, Range, Refrigerator
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Refrigerator:true
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Disposal:true
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Range:true
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Microwave:true
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Washer:true
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Dryer:true
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Laundry Features:In Unit, Main Level
Schools
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Elementary School District:None
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Middle Or Jr High School District:None
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High School District:Detroit
The Community
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Senior Community:No
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Pool Private:No
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Spa Features:None
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Association:true%
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Association Fee:570.0
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Association Fee Includes:Water, Trash, Snow Removal, Sewer, Lawn/Yard Care
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Association Fee Frequency:Monthly
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Association Fee Including Trash:true
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Association Fee Including Sewer:true
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Association Fee Including Water:true
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Association Fee Including Lawn Yard Care:true
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Association Fee Including Snow Removal:true
Parking
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Garage:false
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Attached Garage:No
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Carport Spaces:None
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Parking Total:None
Monthly cost estimate
![242 E Palmer](https://images.estately.net/160_24028103_0_1717658639_636x435.jpg)
Asking price
$350,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,874
|
Taxes | $39 |
Insurance | $96 |
HOA fees | $570 |
Utilities | $174 See report |
Total | $2,753/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.