863 Iroquois Street

About this home

Historic elegance meets modern luxury in the second oldest home in Indian Village. Built in 1895, this distinctive residence is nearing completion of an extensive renovation that celebrates its Victorian character while adding modern comfort and convenience. Soaring ceilings, beautifully refinished hardwood floors, and elegant crown molding create an impressive setting, complemented by new recessed lighting throughout the home. A restored stained glass window and a newly revealed stairwell add architectural interest and timeless charm. The new kitchen features high end appliances, creating an inviting space for cooking and gathering. Entertaining is effortless with a dedicated bar complete with a glass rinse station, sink, and refrigerator. Updated bathrooms offer refinished tubs and new vanities. Extensive improvements include repaired windows, new electrical service and wiring from the first through third floors, a new boiler and water heater, and replacement of most radiators. A SpacePak air conditioning system serves the second and third floors. The refreshed basement features navy-painted floors and glass block windows. Beautiful Victorian porch details complement the home’s historic appeal. This is a rare opportunity to own a piece of Indian Village history, thoughtfully renewed for its next chapter.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $995,000, or $178 per square foot, 151% above the city median, and has been on the market 25 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $8,728 a year. A buyer who lives here would pay about $12,123 to $32,251 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit 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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