While winter tends to be a slower time in the housing market, it’s been an active week in Detroit. No less than three quality homes, all around the same price point, sold across the city.
Here’s a roundup of all the home sales you need to know about.
The historic east side neighborhood continues to be one of the hottest markets in the city.
A little over a month after hitting the market, a 1,560-square-foot home on Parker Street sold at its asking price of $375,000. Another on Seyburn Street sold for $390,000 before even hitting the market.
Just this week, yet another on Parker Street sold for $350,000. The 2,000-square-foot home may not be as flashy as others, but it still has plenty of original wood trim and doorways—including the always lovely pocket doors—a finished basement, and a nice backyard.
Given all the activity, we assume that this home we featured on Seyburn will sell for close to its asking of $409,900.
An impressive restoration on Avery Street sold this week for $415,000—over $15,000 above the asking price.
It’s pretty amazing that a little over a year ago this home from 1900 was an eyesore in the neighborhood. Its wood siding was falling off and the entire interior had to be gutted.
After being bought by Woodbridge Neighborhood Development from the Detroit Land Bank, it was transformed into a move-in ready 2,058-square-foot beauty. The rebuilt, three-bedroom interior was tastefully done. The kitchen has butcher block and quartz countertops, plus an island with seating and black stainless steel appliances. It opens up to the living room, where there’s a nice pocket door leading to the dining room. A restored wood-burning fireplace is in little sitting room.
Moreover, proceeds from the sale go towards home-repair grants for needier homeowners, adding even more beauty to the neighborhood.
Another condo in the James Place Lofts on Mack Avenue has sold for $392,000, right around asking. One of three “ranch walkouts,” its seven rooms are spread out over 1,100 square feet.
The Krieger Klatt Architects–designed homes come with two bedrooms, 10-foot high ceilings, a private balcony or patio, oak floors, quartz countertops, “smart” home features, an attached garage, and more. There’s also a community rooftop space.
Construction completed on the condominiums in July, and the first residents moved in soon after. At the time, there were only four units remaining. There’s currently one other unit on the market, listed for $480,000.