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Sold for $219,500
  • $219,500

    242 E Palmer St APT 3, Detroit, MI 48202

    2beds
    950sqft
    Condominium
    Built in 1912
    -- sqft lot
    $219,700 Zestimate®
    $231/sqft
    $1,946 Estimated rent

    Home value

    $219,700

    $204,000 - $235,000

    $1,946/mo

    Zestimate® history
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    What's special

    Built-in millworkSingle-level layoutGreat natural lightHardwood floorsClassic brick buildingStriking coffered ceilingIn-unit laundry
    Located in Detroit’s historic Art Center neighborhood, this residence offers the kind of character and walkability that continue to make this area one of Midtown’s most desirable pockets. Just steps from the Detroit Institute of Arts, College for Creative Studies, Wayne State University, the Detroit Medical Center, cafés, restaurants, and the QLINE, the location places some of the city’s best cultural and everyday destinations within easy reach. Set within a classic brick building surrounded by historic architecture, the unit blends original detail with practical modern updates. Rich wood trim, built-in millwork, hardwood floors, and a striking coffered ceiling give the main living space warmth and personality rarely found in newer construction. Large bay windows bring in great natural light and overlook the neighborhood’s tree-lined streets and historic homes. The single-level layout offers comfortable, well-connected living spaces. The living room feels open yet inviting, while the kitchen features stone countertops, slate tile flooring, generous cabinet space, and direct access to a private outdoor deck—an uncommon feature in Midtown condo living and a great extension of the space during warmer months. Additional features include in-unit laundry, dedicated storage, and one detached garage parking space included with the unit. Art Center is known for its mix of historic buildings, cultural institutions, and residential streets that feel connected to the energy of Midtown without being directly in the middle of it. A rare opportunity to own a residence with authentic architectural character in one of Detroit’s most established neighborhoods.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jerome Huez 313-693-3741,

    Berkshire Hathaway HomeServices The Loft Warehouse

    Bought with:

    Behzad Bokani, 6502433019

    RE/MAX Dream Properties

    Source: Realcomp II,MLS#: 20261032942MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: Entry
    • Area: 143
    • Dimensions: 13 X 11
    Bedroom
    • Level: Entry
    • Area: 132
    • Dimensions: 12 X 11
    Other
    • Level: Entry
    Kitchen
    • Level: Entry
    • Area: 104
    • Dimensions: 13 X 8
    Living room
    • Level: Entry
    • Area: 195
    • Dimensions: 13 X 15
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Built In Electric Oven, Built In Electric Range, Dishwasher, Disposal, Dryer, Free Standing Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Programmable Thermostat
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total interior livable area: 950 sqft
    • Finished area above ground: 950

    Property

    Parking
    • Total spaces: 1
    • Parking features: One Car Garage, Detached
    • Garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Entry location: LowerLevelwSteps
    • Patio & porch: Patio
    • Exterior features: Lighting, Private Entrance
    • Pool features: None
    Details
    • Parcel number: W01I001534S003
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Loft
    • Property subtype: Condominium
    Materials
    • Brick
    • Foundation: Brick Mortar, Slab
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    • Subdivision: WAYNE COUNTY CONDO PLAN NO 888 (LANCASTER LOFTS)
    HOA
    • Has HOA: Yes
    • HOA fee: $350 monthly
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $231/sqft
    • Tax assessed value: $8,700
    • Annual tax amount: $290
    • Date on market: 5/11/2026
    • Cumulative days on market: 37 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Usda Loan,Va Loan,Warranty Deed
    • Exclusions: Exclusion(s) Do Not Exist

    Price history

    DateEventPrice
    7/30/2026Sold$219,500$231/sqft
    Source: Realcomp II #20261032942 Report a problem
    6/24/2026Pending sale$219,500$231/sqft
    Source: Realcomp II #20261032942 Report a problem
    6/2/2026Price change$219,500-2.2%$231/sqft
    Source: Realcomp II #20261032942 Report a problem
    5/11/2026Listed for sale$224,500+40.3%$236/sqft
    Source: Realcomp II #20261032942 Report a problem
    12/19/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/14/2023Listed for rent$1,600$2/sqft
    Source: Zillow Rentals Report a problem
    12/13/2023Listing removed--
    Source: Realcomp II #20230075464 Report a problem
    11/3/2023Price change$1,600-3%$2/sqft
    Source: Realcomp II #20230075464 Report a problem
    9/7/2023Listed for rent$1,650+3.1%$2/sqft
    Source: Realcomp II Report a problem
    10/1/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    8/20/2022Price change$1,600-4.5%$2/sqft
    Source: Zillow Rental Network Premium #20221014878 Report a problem
    8/7/2022Price change$1,675+1.5%$2/sqft
    Source: Zillow Rental Network Premium #20221014878 Report a problem
    7/7/2022Listed for rent$1,650+4.8%$2/sqft
    Source: Zillow Rental Network Premium #20221014878 Report a problem
    9/28/2021Listing removed--
    Source: Zillow Rental Network_1 Report a problem
    7/7/2021Listed for rent$1,575$2/sqft
    Source: Zillow Rental Network Premium #2210053478 Report a problem
    11/15/2020Listing removed$1,575$2/sqft
    Source: The Loft Warehouse #2200031733 Report a problem
    5/11/2020Listed for rent$1,575+65.8%$2/sqft
    Source: Berkshire Hathaway HomeServices The Loft Warehouse #2200031733 Report a problem
    6/19/2015Sold$160,000$168/sqft
    Source: Agent Provided Report a problem
    5/12/2012Listing removed$950$1/sqft
    Source: REAL ESTATE ONE-DBN HTS/DBN #212010226 Report a problem
    3/9/2012Price change$950-5%$1/sqft
    Source: REAL ESTATE ONE-DBN HTS/DBN #212010226 Report a problem
    1/31/2012Listed for rent$1,000$1/sqft
    Source: Real Estate One- Dearborn #212010226 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $8,700
    2024-- $8,700
    2023-- $8,700
    2022-- $8,700
    2021-- $8,700
    2020$262 +9%$8,700 +29.9%
    2019$240 $6,700
    2018$240 $6,700
    2017-- $6,700 -91.8%
    2016$200 $81,800 +2929.6%
    2015$200 -25.6%$2,700 +0.6%
    2013$268 +34.5%$2,683
    2010$200 $2,683
    2009-- $2,683 -94.6%
    2008-- $49,769 -1.5%
    2007-- $50,512
    Find assessor info on the county website

    Neighborhood: Art Center

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $219,700
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    Estimated market value
    $219,700