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242 East Palmer

242 East Palmer, Detroit, MI 48202
Condo in East Ferry
242 East Palmer is a condo located in East Ferry, Detroit. The building was first built in 1920 and is 104 years old. The lot that the building was built on is 500 feet wide and 1,714 feet long. In total, 242 East Palmer has a total floor area of 6,780 square feet. 242 East Palmer has a total of 3 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 4 closings on record. The most recent transaction was for unit 8, sold for $0 on Mar 03, 2021. Fun fact, the oldest transaction we have on record took place on Jun 28, 2013. See the full transaction history for 242 East Palmer below.

East Ferry, where 242 East Palmer is located, has a median asking price of $399,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Brick Exterior / Wood Exterior
Stone Exterior
Wood Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230724 Unit 6
07/24/2023
6
2 Bed
1 Bath
1040 ft²
$225,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
1040 ft²
-
-
-
Austin Black II
@Properties Detroit

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Condo
  • Floor Count: 3
  • Living Units: 8
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,714
  • Lot Size Frontage Feet: 500
  • Total Building Area: 6,780
  • Gross Building Area: 6,780
  • Building Area: 6,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 6,780
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANCASTER LOFTS CONDOMINIUM
  • Land Acres: 0.2
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: S PALMER 13 GLOVER & DWIGHTS L11 P28 PLATS, W C R 1/84 50 X 171.12

Ownership

  • Current Owner : GIGNAC RICHARD B
  • Previous Owner : LANCASTER CONDOMINIUMS LLC
  • Owner Before Previous Owner: LANCASTER CONDOMINIUMS LLC

Neighborhood

  • School District Name: Detroit City School District
  • School Tax School District: DETROIT
  • Census Tract: 518000

Geography

  • District: 01
  • Parcel: 01001534.
  • Municipality: DETROIT CITY
  • Latitude: 42.3631
  • Longitude: -83.0647

    Address

  • Full Address: 242 E Palmer St
  • Address - House Number: 242
  • Street Direction: E
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: MI
  • City Name: Detroit
  • Carrier Code: C026
  • 4-Digit Zip Code: 3832
  • Zip Code: 48202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $240
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 82010

    Appraisal Valuation

  • Standard Deviation: 0.1332
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 212,573
  • High Value: 240,892
  • Low Value: 184,253

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: May 08, 2007
  • Current Sale Recording Date: Aug 08, 2007
  • Current Sale Transaction ID: 1186123110
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 207330395
  • Previous Sale Recording Date: Dec 18, 2006
  • Previous Sale Contract Date: Feb 06, 2006
  • Previous Sale Amount: $187,000
  • Previous Sale Document Type: Warranty Deed

About University



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Frequently Asked Questions

What neighborhood is 242 East Palmer located in?
The 242 East Palmer is a condo located in the neighborhood of East Ferry in University, Detroit.
What is the average sales price for listings in 242 East Palmer?
The average sales price for units in 242 East Palmer is $0 currently.

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