7950 Lafayette Street, Detroit, Michigan 48214

$299,000

Property Details

MLS#: 20261052014
Bedrooms: 3
Bathrooms: 1.5
Square Feet: 1,503
Price per Sqft: $199
Lot Size: 0.04 acres
Year Built: 1916
Property Type: Residential
Status: Active
Days on Market: 2

Description

Opportunities like this don't come around often! At just $299,000, this is a chance to own a piece of one of Detroit's most sought-after historic neighborhoods at a price point that's becoming increasingly difficult to find. Whether you're looking for a primary residence or a smart long-term investment, West Village continues to be one of the city's strongest plays for lifestyle and future value. This all-brick, three-story townhome offers more than 1,500 square feet of living space with 3 bedrooms and authentic architectural details that simply can't be replicated. Warm hardwood floors, soaring ceilings, exposed brick, and original moldings showcase the home's historic soul, while the spacious kitchen features butcher block countertops, stainless steel appliances, abundant cabinetry, and plenty of room to entertain. A rare third-floor loft adds tremendous flexibility and future upside, making the perfect home office, creative studio, guest retreat, or additional finished living space. The unfinished basement offers ample storage and even more opportunity to add value over time. Step outside and enjoy everything that makes West Village one of Detroit's most desirable neighborhoods. You're just moments from Belle Isle, Little Village, neighborhood, acclaimed restaurants, and local boutiques. As investment continues to pour into the surrounding area, buying into West Village at this price is becoming increasingly rare. The value extends beyond the purchase price. Move in ready, or improve upon what is there and make it your own flare! Owners may benefit from significant annual tax savings through Detroit's Homestead Exemption (18-mill reduction), and the home also qualifies for the NEZ-H tax abatement (approximately 13.5-mill reduction) - in other words taxes WILL reduce for an owner occupant. Grab it before it is gone for good!

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 7950 Lafayette Street?

7950 Lafayette Street is listed at $299,000, or $199 per square foot.

How many bedrooms does 7950 Lafayette Street have?

This property has 3 bedrooms and 1.5 bathrooms, with 1,503 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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