Sold
525 W Lafayette Blvd, #21D, Detroit, MI 48226
Sold on 05/16/2025 for$770,000
MLS # 20240085105 (Realcomp)
2 beds3 baths2,333 sqftBuilt 1917
1 / 55
Listing Description
Indulge in luxurious living with this exceptional bi-level penthouse unit that faces South, offering breathtaking panoramic views of Detroit River and the city's skyline. Enjoy a vast rooftop terrace spanning almost 1,800 square feet, perfect for relaxation, entertaining guests, watching the famous Detroit fireworks, or admiring the tranquil barge traffic. Recently fully remodeled and improved, the first level of this unit boasts a spacious foyer, a kitchen with a dining area (staged as sitting space), a powder room, and a large living room. Moving up to the second level, you will find the master suite, featuring a panoramic window overlooking the rooftop, along with a lavish stone-tiled bathroom equipped with both a tub and shower. The guest bedroom, guest bathroom, and laundry room are also on this level, in addition to the door leading to the rooftop terrace. Envision yourself living in this extraordinary space, with all the amenities and style it offers!
Source: SparkMLS
About this home
Located in Central Business District in Detroit, this property offers 2-bedroom, 3-bath, 2,333 sq ft, with original construction dating to 1917.
Closed at $770,000 (about $330/sq ft).
Estimated annual property tax: $16,508, or about $1,376 monthly. 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
Bathrooms3
Living Area2,333 sqft
Year Built1917
Stories2
Location
CityDetroit
Zip Code48226
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air, Heat Pump
WaterPublic
SewerPublic
InteriorElevator
Sale & Financing
Listed11/11/2024
Sold Date5/15/2025
Terms AcceptedCash, Conventional, FHA
HOA
HOA Fee$956 / Monthly
IncludesSewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$2,557
Tax Year2025
State Equalized Value$257,200
Assessed Value$257,200
Parcel #23002018.158
Source: Public Records
Legal Description
S LAFAYETTE W UNIT 56; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDS, WCR 4/132 0.822%SPLIT/COMBINED ON 07/23/2018 FROM 04000118.005;
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jan Dijkers
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 525 W Lafayette Blvd, #21D, Detroit, MI 48226
What school district is 525 W Lafayette Blvd, #21D, Detroit, MI 48226 in?
Per MLS# 20240085105, 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 525 W Lafayette Blvd, #21D, Detroit, MI 48226?
Per MLS# 20240085105, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. 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# 20240085105, the most recent reported annual property tax for 525 W Lafayette Blvd, #21D, Detroit, MI 48226 is $5,000. 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 Blvd, #21D, Detroit, MI 48226 eligible for USDA financing?
Per USDA Rural Development boundary data, 525 W Lafayette Blvd, #21D, 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 Blvd, #21D, 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 Blvd, #21D, 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$16,508
Monthly$1,376
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$7,384
Principal & interest$5,053
Property taxes$1,376
HOA$956
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 Blvd, #21D, 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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