121 Colorado Street

About this home

Step into timeless charm with this historic Colonial nestled in the heart of Detroit! This spacious 5 bedroom, 3.5 bath home features is perfect for a growing household, home office, or creative space. You’ll love the original character throughout, including beautiful hardwood floors, classic architectural accents, and a cozy fireplace that anchors the inviting living room. The generous room sizes provide flexibility and comfort, while the traditional layout offers both functionality and flow. This home is ready for you to make your own, whether you’re a first-time homebuyer looking to build long-term value or an investor seeking equity in a prime Detroit location, this property presents an incredible opportunity to restore and personalize a true classic.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Highland Park

Over the last 90 days, 25 homes sold in Highland Park for a median of $60,000, about $46 per square foot, and the typical one went under contract in 27 days. This home is listed at $235,000, or $94 per square foot, 104% above the city median, and has been on the market 124 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Highland Park sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,620 a year. A buyer who lives here would pay about $1,293 to $7,503 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.22 mills for Highland Park City and Highland Park schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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