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273 E Palmer St #3, Detroit, MI, 48202

3beds
3baths
2,254sqft
$439,900
$195price/sqft
$3,950/moest. monthly cost
$158,000/yrincome needed

About This Home

Well-appointed condominium located in Detroit’s Midtown area offering convenient access to cultural institutions, dining, shopping, entertainment, and major employment centers. The property is situated near Wayne State University, the Detroit Institute of Arts, and the Detroit Historical Museum, with nearby access to the QLine Detroit Streetcar. Nearby medical and educational facilities include Wayne State University School of Medicine (0.9 mile), Harper University Hospital (0.9 mile), the Detroit Medical Center (1.0 mile), and Henry Ford Hospital (1.6 miles). This spacious condominium features three bedrooms, each with a private en-suite bathroom and large closet space, offering flexible living arrangements. The interior includes a well-appointed kitchen with granite countertops, stainless steel appliances, and a large pantry, opening to a generous living and dining area suitable for everyday living and entertaining. Additional interior amenities include in-unit laundry for convenience. The property also includes a two-car attached garage along with ample off-street parking within a well-lit development. The location provides convenient access to Midtown amenities and nearby entertainment destinations including Little Caesars Arena (1.7 miles), Comerica Park (1.9 miles), and Ford Field (2.5 miles). Downtown Detroit and major freeways are easily accessible, offering convenient connectivity throughout the metro area. Home warranty included.

Getting Around

82
WalkingVery Walkable
56
TransitGood Transit
84
BikeVery Bikeable

Schools

5/10
3/10
Southeastern High SchoolGrades 9-124.5 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Block,Brick

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial,Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Disposal,Dryer,Exhaust Fan,Energy Star Qualified Dishwasher,Energy Star Qualified Refrigerator,Free Standing Gas Oven,Microwave,Stainless Steel Appliances,Washer
  • Laundry features: In Unit

Bedroom

  • Level: Second
  • Area: 176
  • Dimensions: 16 X 11

Bedroom

  • Level: Third
  • Area: 144
  • Dimensions: 12 X 12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Entrance Foyer,Programmable Thermostat
  • Finished area above ground: 2,254

Great Room

  • Level: Second
  • Area: 224
  • Dimensions: 16 X 14

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Ceiling Fans,Central Air

Interior Area

  • Total interior livable area: 2,254 sqft

Kitchen

  • Level: Second
  • Area: 120
  • Dimensions: 12 X 10

Laundry

  • Level: Third
  • Area: 24
  • Dimensions: 4 X 6

Other

  • Level: Second
  • Area: 40
  • Dimensions: 5 X 8

Other

  • Level: Third
  • Area: 40
  • Dimensions: 8 X 5

Primary Bathroom

  • Level: Third
  • Area: 50
  • Dimensions: 10 X 5

Primary Bedroom

  • Level: Third
  • Area: 192
  • Dimensions: 16 X 12

Property

Details

  • Parcel number: W01I001559S003
  • Special condition: Short Sale No,Standard

Features

  • Levels: Three
  • Stories: 3
  • Entry location: GroundLevel
  • Patio & porch: Porch
  • Exterior features: Balcony,Grounds Maintenance,Lighting,Private Entrance

Lot

  • Features: Sprinklers

Parking

  • Total spaces: 2
  • Parking features: Two Car Garage,Attached,Direct Access,Electricityin Garage,Garage Door Opener,Garage Faces Rear,Tandem
  • Has garage: Yes
  • Attached garage spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$943$11,316
Property Taxes $538$6,456
Electricity $245$2,950
Total$3,950$47,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,428/yr
40% on housing$118,500/yr
45% on housing$105,333/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$195This listing

vs Other Active Listings

Avg $/sqft

ZIP 48202$124
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48202$92
Wayne County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-05Price change$439,900
2026-04-16Price change$444,900
2026-03-14Listed for sale$449,900
2026-02-26Price change$3,300
2025-10-29Price change$3,000
2025-09-14Listed for rent$2,800
2025-08-12Listing removed$3,100
2025-06-21Price change$3,100
2025-05-17Price change$3,300
2025-05-01Price change$3,000
2025-04-22Listed for rent$3,300
2024-05-15Listing removed--
2024-03-24Listed for rent$3,100

For Sale by Agent

AgentRezina Nabi
BrokerageExpert Realty Solutions Inc

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