Sold
1550 Cherboneau Place, 121, Detroit, MI 48207
Sold on 01/12/2026 for$25,000
MLS # 20250027303 (Realcomp)
1 bed1 bath700 sqftBuilt 1963
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Listing Description
Amazing price on your new historic Lafayette Park Co-op! This first floor, 1 bedroom unit is in need of some TLC and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sporting events, dining & entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Included in the monthly HOA: property taxes, water, heat, building maintenance, a/c maintenance, trash. You cannot find a more affordable place to live. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.
Source: SparkMLS
About this home
1-bedroom, 1-bath, 700 sq ft home in Lower East Central in Detroit built in 1963.
This home sold for $25,000 (about $36/sq ft).
Broadband is available with download speeds up to 2,000 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
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Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms1
Bathrooms1
Living Area700 sqft
Year Built1963
Stories1
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingBaseboard
WaterPublic
SewerPublic
InteriorElevator
Sale & Financing
Listed4/16/2025
Sold Date1/11/2026
Original Price$39,000
Terms AcceptedCash
HOA
HOA Fee$675 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$0
Source: SparkMLS
Legal Description
City of Detroit, Wayne County, Michigan according to the Plat thereof recorded in Liber 80 of Plats Page 87 in the Office of the Register of Deeds for Wayne County Michigan
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Lafayette Park/Mies van der Rohe Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Adrienne Stewart
Keller Williams Home
Frequently Asked Questions about 1550 Cherboneau Place, 121, Detroit, MI 48207
What school district is 1550 Cherboneau Place, 121, Detroit, MI 48207 in?
Per MLS# 20250027303, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 1550 Cherboneau Place, 121, Detroit, MI 48207?
Per MLS# 20250027303, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
Is 1550 Cherboneau Place, 121, Detroit, MI 48207 eligible for USDA financing?
Per USDA Rural Development boundary data, 1550 Cherboneau Place, 121, Detroit, MI 48207 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1550 Cherboneau Place, 121, Detroit, MI 48207 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is this property in a historic district?
Per local historic district records, 1550 Cherboneau Place, 121, Detroit, MI 48207 is located within the Lafayette Park/Mies van der Rohe Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
Is fiber internet available at 1550 Cherboneau Place, 121, Detroit, MI 48207?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 1550 Cherboneau Place, 121, Detroit, MI 48207. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$869
Principal & interest$194
HOA$675
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1550 Cherboneau Place, 121, Detroit, MI 48207
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Neighborhood
Lower East Central
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Community
Detroit
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County
Wayne County
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