Sold
525 W Lafayette, 17D, Detroit, MI 48226
Sold on 11/21/2025 for$382,500
MLS # 20251006531 (Realcomp)
2 beds2 baths1,443 sqftBuilt 1918
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Listing Description
Exceptional 17th Floor unit in the Albert Kahn designed Fort Shelby Building in Downtown Detroit. This unit has stunning south and southwest views overlooking the Detroit River from nearly every room! This is the most coveted 2 Bed / 2 bath layout, with the primary suite having a walk in closet and ensuite bathroom. The open kitchen / living space has recently updated cabinets, stainless steel appliances, and engineered hardwood flooring. Furthermore, enjoy the amenities of hotel living such as in-building restaurant/bar, coffee shop, and 24/7 fitness center. This property is great for owners and investors with NEZ R Super low taxes until 2033! Don't miss your chance to own a piece of Detroit's Iconic Architectural History!
Source: SparkMLS
About this home
This 2-bedroom, 2-bath, 1,443 sq ft home built in 1918 sits in Central Business District in Detroit.
This home sold for $382,500 (about $265/sq ft).
Annual property taxes run approximately $12,516 ($1,043/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,120 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,443 sqft
Year Built1918
Stories1
Location
CityDetroit
Zip Code48226
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/10/2025
Sold Date11/20/2025
Original Price$450,000
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$717 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$1,892
Tax Year2025
State Equalized Value$195,000
Assessed Value$195,000
Parcel #23002018.138
Source: Public Records
Legal Description
S LAFAYETTE W UNIT 36; WAYNE COUNTY CONDO PLAN NO. 945 FORT SHELBY HOTEL CONDOMINIUM RECORDED IN L46262 P1428-1542 DEEDS, WCR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Richard Purchiss
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 525 W Lafayette, 17D, Detroit, MI 48226
What school district is 525 W Lafayette, 17D, Detroit, MI 48226 in?
Per MLS# 20251006531, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20251006531, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20251006531, the most recent reported annual property tax for 525 W Lafayette, 17D, Detroit, MI 48226 is $1,442. 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.
Is 525 W Lafayette, 17D, Detroit, MI 48226 eligible for USDA financing?
Per USDA Rural Development boundary data, 525 W Lafayette, 17D, Detroit, MI 48226 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, 525 W Lafayette, 17D, Detroit, MI 48226 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 fiber internet available at 525 W Lafayette, 17D, Detroit, MI 48226?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.1 Gbps. 9 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.
Map
Tax Estimate
$
Annual tax$12,516
Monthly$1,043
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$4,322
Principal & interest$2,562
Property taxes$1,043
HOA$717
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5.1 Gbps
Upload
5.1 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
Metronet HoldingsFiber
5.1 GbpsXfinityCable
2 GbpsVerizonLicensed Fixed Wireless
1 GbpsStarlinkGSO Satellite
280 MbpsHughesNetSatellite
100 MbpsT-MobileLicensed Fixed Wireless
100 MbpsViasat IncSatellite
100 MbpsAT&TLicensed Fixed Wireless
25 MbpsAT&TDSL
10 MbpsFCC 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
525 W Lafayette, 17D, Detroit, MI 48226
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Neighborhood
Central Business District
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Community
Detroit
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County
Wayne County
View county overview →
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