Condo / High-rise home in Detroit, MI
This Condo home in Detroit, MI offers 7 bedrooms and 4 bathrooms across 9,100 square feet. Standout details include attached garage and fireplace.
| Price | $1,200,000 |
|---|
| Beds | 7 |
|---|
| Baths | 4 |
|---|
| Sqft | 9100 |
|---|
| Architectural style | Condo / High-rise (34% match) |
|---|
| Address | 700 Parker Street, Detroit, MI 48214 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Features: attached garage, fireplace.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced above comparable homes.
- At $1.2M, this home is 411% above the $235K median for 79 similar Condo / High-rise homes in Detroit, MI.
- That works out to $132 per square foot, 23% below the $172 comparable rate.
- On the market 10 days.
| This home | $1,200,000 |
|---|
| Condo / High-rise median in Detroit, MI | $234,900 (79 homes) |
|---|
| Price per sq ft | $132 vs. $172 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $8,498/month with 20% down at a 7.28% 30-year fixed rate. You would need about $364,219 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $6,568/mo |
|---|
| Property tax (new-buyer reassessed rate) | $1,480/mo |
|---|
| Homeowners insurance | $450/mo |
|---|
| Total monthly | $8,498/mo |
|---|
| Down payment (20%) | $240,000 |
|---|
| Income needed | $364,219/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (69 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (69/100) |
|---|
| Beats renting in | 25% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $659,141 |
|---|
| Range (10th to 90th pct) | $390,912 to $990,445 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Detroit, MI where local data is thin.
Local home values
Typical home values in Detroit, MI have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately