8900 E Jefferson Avenue #1101
Detroit, MI 48214
Stock Cooperative · MLS # 81026058410 · Listing courtesy of Nextpointe Real Estate Service
About this home
Nestled on Detroit's Gold Coast perched on the Detroit River is the most affordable studio unit with new carpet and paint. This lovely Studio has a view of the city's skyline. The HOA fee includes heat, water, fitness center in the building, maintenance and repairs. Live in downtown Detroit for less than $600!! This unit must be owner occupied and all prospective owners must be approved for membership in the Riverhouse Coop.
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 $42,500, and has been on the market 0 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
A buyer who lives here would pay about $289,237 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 and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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