1550 Cherboneau Pl #221, Detroit, MI, 48207
About This Home
In the heart of Historic Lafayette Park! Spacious first-floor 1-bedroom co-op is full of potential and priced for someone ready to bring their vision to life. With a little updating and modern touches, this could become an incredible downtown retreat with unbeatable value. Enjoy generous storage and an unbeatable location just moments from some of Detroit's most loved destinations, including the Dequindre Cut, Eastern Market, the Riverwalk, major sports venues, dining, nightlife, and entertainment. Residents of Cherboneau Place enjoy a welcoming community atmosphere with impressive amenities including gated parking, beautifully maintained grounds, a community room, library, on-site laundry, exercise room, workshop space, private secure storage, and elevator access for added convenience. The monthly HOA ($720) provides exceptional value by covering property taxes, water, heat, trash service, building maintenance, and A/C maintenance. Assoc. contact: marcusmgt@aol.com / 248.553.47 Opportunity knocks in the heart of Historic Lafayette Park! This spacious first-floor 2-bedroom co-op is full of potential and priced for someone ready to bring their vision to life. With a little updating, fresh flooring and modern touches, this could become an incredible downtown retreat with unbeatable value. Enjoy generous storage and an unbeatable location just moments from some of Detroit's most loved destinations, including the Dequindre Cut, Eastern Market, the Riverwalk, major sports venues, dining, nightlife, and entertainment. Residents of Cherboneau Place enjoy a welcoming community atmosphere with impressive amenities including gated parking, beautifully maintained grounds, a community room, library, on-site laundry, exercise room, workshop space, private secure storage, and elevator access for added convenience. The monthly HOA provides exceptional value by covering property taxes, water, heat, trash service, building maintenance, and A/C maintenance, making everyday living both simple and affordable. Co-op board approval is required. Cash purchase only. Owner-occupied residents only.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1963
Materials
- Construction materials: Brick
Type & Style
- Home type: Cooperative
- Architectural style: Mid-Century Modern,Ranch
- Property subType: Stock Cooperative
Interior
Appliances
- Appliances included: Disposal,Microwave,Range
- Laundry features: In Basement,Laundry Room,Sink
Basement
- Basement: Partial,Slab
Bathroom1
- Level: Main
- Area: 110
- Dimensions: 11.00 x 10.00
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: Main
- Area: 56
- Dimensions: 8.00 x 7.00
Features
- Ceiling Fan(s),Elevator,Pantry
- Window features: Insulated Windows
- Flooring: Carpet,Laminate
- Finished area below ground: 0
Heating & Cooling
- Heating features: Baseboard
- Cooling features: Central Air
Interior Area
- Total structure area: 763
- Total interior livable area: 63,192 sqft
Kitchen
- Level: Main
- Area: 70
- Dimensions: 10.00 x 7.00
Master Bedroom
- Level: Main
- Area: 156
- Dimensions: 12.00 x 13.00
Property
Details
- Parcel number: 07001961.
Features
- Stories: 2
Lot
- Lot size: 3.02 Acres
- Lot size dimensions: 0
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
- Heat Wave
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $189 | $2,268 |
| Home Insurance * | $61 | $732 |
| Property Taxes | $45 | $540 |
| Electricity | $6,892 | $82,711 |
| Total | $7,187 | $86,244 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-22 | Listed for sale | $37,400 |
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