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Sold for $324,900
  • $324,900

    2987 Franklin St Unit 7, Detroit, MI 48207

    2beds
    870sqft
    Condominium
    Built in 1905
    -- sqft lot
    $260,200 Zestimate®
    $373/sqft
    $1,602 Estimated rent

    Home value

    $260,200

    $226,000 - $297,000

    $1,602/mo

    Zestimate® history
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    $2,462/mo

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    What's special

    Industrial two-bedroom corner loft located in Detroit's East Rivertown neighborhood with large warehouse windows and desirable original features like exposed brick walls, concrete floors, and tall ceiling with exposed original wood beams. Housed in the historic Dongan Building and originally built in 1905 to manufacture military parts during World War II. The moody blue kitchen is finished with a subway tile backsplash; black farmhouse sink; stainless appliances with built-in under-cabinet microwave; hand built open shelving; and a custom kitchen island with waterfall ceiling made from salvaged wood from old Detroit homes. The industrial-chic bathroom features a double vanity sink, marble-tiled walk-in shower, beautifully stenciled tile flooring, and a custom built-in storage wall. The second bedroom features a large glass and blackened steel rolling window wall created by a local metalwork artist. There are two gated parking spaces included, along with fiber internet, full-size laundry closet, tankless water heater, and NEZ approved until 2035. The building features a common rooftop area, keyless entry, security cameras, and additional resident storage.

    Zillow last checked:

    Listing updated:

    Listed by:

    James Tumey 313-963-9891,

    O'Connor Realty Detroit, LLC

    Bought with:

    James Tumey, 6501379881

    O'Connor Realty Detroit, LLC

    Source: Realcomp II,MLS#: 20240041446MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: Entry
    • Area: 168
    • Dimensions: 14 x 12
    Bedroom
    • Level: Entry
    • Area: 144
    • Dimensions: 12 x 12
    Other
    • Level: Entry
    • Area: 120
    • Dimensions: 10 x 12
    Kitchen
    • Level: Entry
    • Area: 225
    • Dimensions: 15 x 15
    Living room
    • Level: Entry
    • Area: 225
    • Dimensions: 15 x 15
    Heating
    • Electric, Forced Air
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total interior livable area: 870 sqft
    • Finished area above ground: 870

    Property

    Parking
    • Parking features: Assigned 2 Spaces, Parking Lot, No Garage
    Features
    • Levels: One
    • Stories: 1
    • Entry location: GroundLevelwSteps
    Details
    • Parcel number: W27I200200S
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Loft
    • Property subtype: Condominium
    Materials
    • Brick
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1905
    • Major remodel year: 2019

    Utilities & green energy

    • Sewer: Sewer At Street
    • Water: Waterat Street

    Community & neighborhood

    Location
    • Region: Detroit

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $215 monthly
    • Association phone: 313-476-3179

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    1/19/2025Listing removed$2,100$2/sqft
    Source: Zillow Rentals Report a problem
    12/2/2024Price change$2,100-6.7%$2/sqft
    Source: Zillow Rentals Report a problem
    11/14/2024Listed for rent$2,250$3/sqft
    Source: Zillow Rentals Report a problem
    10/10/2024Sold$324,900-5.8%$373/sqft
    Source: Realcomp II #20240041446 Report a problem
    8/6/2024Pending sale$345,000$397/sqft
    Source: Realcomp II #20240041446 Report a problem
    7/24/2024Listing removed--
    Source: Realcomp II #20240041446 Report a problem
    6/14/2024Listed for sale$345,000$397/sqft
    Source: Realcomp II #20240041446 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $4,200
    2024-- $4,200
    2023-- $4,200
    2022-- $4,200 -92.4%
    2021-- $55,500
    2020$4,143 $55,500 +19.9%
    2019-- $46,300

    Find assessor info on the county website

    Neighborhood: Rivertown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $260,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $260,200