Sold
525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226
Sold on 07/29/2025 for$400,000
MLS # 20250031010 (Realcomp)
2 beds2 baths1,400 sqftBuilt 1918
1 / 28
Listing Description
NO ROCKET MORTGAGE- BACK ON MARKET DUE TO BUYER FINANCING FAILUREYour opportunity to own one of only fifty-six residences in a historic tower designed by Albert Kahn in 1927. Amenities include an on site restaurant, separate bar and lounge area, coffee shop serving snacks and other items, 24/7 fitness center, private residential lobby & concierge and gated parking. Very low NEZ property taxes available to investors and owner-occupants alike until 2033. This is YOUR chance to get in whilst you can at this price point in prime Detroit real estate for this size and location.
Source: SparkMLS
About this home
This 2-bedroom, 2-bath, 1,400 sq ft home built in 1918 sits in Central Business District in Detroit.
This home sold for $400,000 (about $286/sq ft).
Property tax estimate: $1,444 per year ($120/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. Fiber internet is available at this address with download speeds up to 5,120 Mbps across 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,400 sqft
Year Built1918
Stories1
Location
CityDetroit
Zip Code48226
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
Sale & Financing
Listed5/6/2025
Sold Date7/28/2025
Original Price$415,000
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$663 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$2,250
Tax Year2025
State Equalized Value$22,500
Assessed Value$22,500
Homestead (PRE)100%
Parcel #04000118.028
Source: Public Records
Legal Description
S LAFAYETTE W UNIT 25; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDS, WCR 4/132 0.410%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 Nusrat Moghul
Arterra Luxe Collection LLC
Frequently Asked Questions about 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226
Which school district serves 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226?
Per MLS# 20250031010, 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226 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# 20250031010, this listing accepts Cash, Conventional, FHA, VA Loan 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 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226?
Per public tax records, annual property taxes for this property are $1,801. 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, 525 W LAFAYETTE Boulevard, 14A, 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.
Is 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226 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 available at 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226. The maximum advertised download speed is 5.1 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 525 W LAFAYETTE Boulevard, 14A, Detroit, MI 48226?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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$1,444
Monthly$120
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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%
$
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Monthly payment$3,410
Principal & interest$2,627
Property taxes$120
HOA$663
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 Boulevard, 14A, 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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