Sold
3434 RUSSELL Street, 16-302, Detroit, MI 48207
Sold on 12/15/2023 for$415,000
MLS # 20230104046 (Realcomp)
1 bed1 bath1,177 sqftBuilt 19170 acres
1 / 21
Listing Description
Discover the charm of this remarkable FD Loft nestled in the heart of Eastern Market! With taxes comfortably under $1,000 a year and the added benefit of NEZ-R Tax abatement until 2031, this space offers a unique opportunity for versatile living or a thriving workspace in one of Detroit's most sought-after neighborhoods.Originally a firehouse, the FD Loft has been transformed into a stylish mixed-use building, boasting 18 ft ceilings and expansive windows that bathe the space in natural light. Perfect for entrepreneurs seeking a dynamic workspace paired with comfortable loft living.Stand out with direct access outside through trendy double doors and enjoy the exclusive perks of 2 gated parking spaces, including a covered carport. Seize this rare chance to own one of the most coveted FD Lofts in Detroit! Schedule your showing today and step into a lifestyle that combines convenience, style, and profitability.
Source: SparkMLS
About this home
Located in Middle East Central in Detroit, this property offers 1-bedroom, 1-bath, 1,177 sq ft, with original construction dating to 1917.
This home sold for $415,000 (about $353/sq ft).
Property tax estimate: $11,925 per year ($994/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms1
Bathrooms1
Living Area1,177 sqft
Year Built1917
Stories2
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit City School District
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed12/15/2023
Sold Date12/14/2023
Terms AcceptedCash, Conventional, FHA
HOA
HOA Fee$432 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$547
Tax Year2025
State Equalized Value$185,800
Assessed Value$185,800
Parcel #23002015.045
Source: Public Records
Legal Description
E RUSSELL UNIT 16 APT.302; WAYNE COUNTY CONDO PLAN NO 1021 FD LOFTS MASTER DEED RECORDED 8-8-14 L.51704 P.735 DEEDS, WCR 07/108 1,177SF & 2.92% NEZ CERT#N2015-045, RELATED PARCEL 07002459.016
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lauren Woodson
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 3434 RUSSELL Street, 16-302, Detroit, MI 48207
Which school district serves 3434 RUSSELL Street, 16-302, Detroit, MI 48207?
Per MLS# 20230104046, 3434 RUSSELL Street, 16-302, Detroit, MI 48207 is in the Detroit City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit City School District directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20230104046, this listing accepts Cash, Conventional, FHA financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 3434 RUSSELL Street, 16-302, Detroit, MI 48207?
Per public tax records, annual property taxes for this property are $484. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 3434 RUSSELL Street, 16-302, 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.
Is 3434 RUSSELL Street, 16-302, Detroit, MI 48207 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 3434 RUSSELL Street, 16-302, Detroit, MI 48207. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 3434 RUSSELL Street, 16-302, Detroit, MI 48207?
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.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$11,925
Monthly$994
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$4,117
Principal & interest$2,692
Property taxes$994
HOA$432
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 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
3434 RUSSELL Street, 16-302, Detroit, MI 48207
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Neighborhood
Middle East Central
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Community
Detroit
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County
Wayne County
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