For Sale
431 E Ferry Street, Detroit, MI 48202
$375,000
MLS # 26033947 (Michigan Regional Information Center (MichRIC))
2 beds2 baths1,064 sqftBuilt 19060.02 acres
1 / 32
Listing Description
This beautiful and quiet 2 story Condo/carriage-house is 3 blocks away from the Qline stop, a few minutes walk to the DIA and Wayne State's campus, and 4 minute drive to DMC. This is the only unit in the building and is all on the second floor (no shared walls including floor or ceiling). The ground floor has 3 garages, one of which is attached to this property. There is a balcony and in-unit washer/dryer. Kitchen has granite counter tops, stainless steel appliances, a gas Viking range. Heat/AC is controlled via nest thermostat within the unit. Hardwood floors throughout. Large walk-in closet in primary and 2nd bedroom. Jacuzzi bathtub in primary bathroom.
Source: SparkMLS
About this home
This 2-bedroom, 2-bath, 1,064 sq ft home built in 1906 sits in Lower Woodward in Detroit.
Listed at $375,000 (about $352/sq ft).
Property tax estimate: $4,602 per year ($384/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.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,064 sqft
Lot Size0.02 acres
Year Built1906
Stories1
Location
CityDetroit
MunicipalityDetroit City
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
StyleTraditional, Tudor
ConstructionBrick
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Cable Connected, High-Speed Internet
InteriorGarage Door Opener
Sale & Financing
Listed7/5/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$475 / Monthly
IncludesSnow Removal, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$6,920
Tax Year2025
State Equalized Value$71,700
Assessed Value$71,700
Parcel #01001516.004L
Source: Public Records
Legal Description
N FERRY UNIT 10 NORTH FERRY WAYNE COUNTY CONDOMINIUM SUB PLAN NO 687 L37283 P83-127 DEEDS, W C R 1/232 FIRST AMENDMENT RECORDED L40698 P75-87 SECOND AMENDMENT RECORDED L43296 P71-88 DEED WCR 1/232 10% NEZ CERT #2005-0410; PARCEL# 232002005.0410
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: East Ferry 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 Sonseeahray Harvin
Redfin Corporation
Frequently Asked Questions about 431 E Ferry Street, Detroit, MI 48202
Which school district serves 431 E Ferry Street, Detroit, MI 48202?
Per MLS# 26033947, 431 E Ferry Street, Detroit, MI 48202 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26033947, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 431 E Ferry Street, Detroit, MI 48202?
Per public tax records, annual property taxes for this property are $5,922 (2025). 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, 431 E Ferry Street, Detroit, MI 48202 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 431 E Ferry Street, Detroit, MI 48202 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.
Is 431 E Ferry Street, Detroit, MI 48202 in a historic district?
Per municipal ordinance records, this property is within the East Ferry Historic District. Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What utilities serve 431 E Ferry Street, Detroit, MI 48202?
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.
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Tax Estimate
$
Annual tax$4,602
Monthly$384
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$3,291
Principal & interest$2,432
Property taxes$384
HOA$475
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
431 E Ferry Street, Detroit, MI 48202
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Neighborhood
Lower Woodward
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Community
Detroit
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County
Wayne County
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