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Rivertown Loft 1-Bedroom Asks $128.9K

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Photos via <a href="http://www.zillow.com/homes/for_sale/Detroit-MI/house,condo,apartment_duplex,townhouse_type/2101269401_zpid/17762_rid/100000-300000_price/371-1113_mp/42.479947,-82.795372,42.224704,-83.402367_rect/10_zm/">Zillow</a>
Photos via Zillow

Condo prices are going a little haywire these days. We saw a tiny river condo ask $249 a square foot last week, so this reasonably priced, relatively spacious Riverfront Lofts unit makes for an interesting contrast. It's semi-affordable and in decent shape, too. This unit in the Albert-Kahn designed building has high ceilings with wooden beams, exposed brick in the living room and tall, paned windows.

Rivertown has the amenities most Detroit condo-dwellers crave: gated parking, pool and hot tub, 24-hour fitness center, in-unit laundry. The kitchen is large, with tall, glass-fronted cabinets that nod to the building's era. The counters and appliances could use updating, but it's a good layout, and the space is open to the living room.

There's a whole lotta carpet going on here, and a dated bath, but the cosmetic fixes are pretty simple, and redecorating is the fun part of buying a new place. Well, certainly more fun than paying closing costs, or coming up with Rivertown's $395-a-month HOA. The HOA does cover the parking, upkeep on the grounds, and the community has several public spaces, including a rec room with brand-new pool table.

There are some epoxy floors in this particular Rivertown unit, and this may be what you'd find under the wall-to-wall shag in the living room. And at $140 per square foot, especially for a unit in a Kahn building, the price is pretty right.

·6533 E Jefferson Ave Apt 217 [Zillow]
·Riverfront Condo Offers 1-Bedroom, 1-Bath, Asks $154.9K [Curbed Detroit]

Lofts at Rivertown

6533 East Jefferson Ave., Detroit, MI 48207