78 Watson Street, Detroit, MI 48201
Price cut $10,000 since it was listed at $379,900
Est. $3,006/mo with current taxes · · See the breakdown
About this home
Does it get better than Brush Park? Location of this Open concept Condo is unmatched with walking distance to some of Detroits best 5 star restaurants and nightlife. Secure your groceries at the Bodega down the street or head out on the town to any of the major ports arenas. This 1 bedroom 1 bath loft style condo feels much larger than the 1050 square feet stated. Large Island in the open Kitchen with seating of at least 4 people. The living area is spacious enough for an oversized sectional to enjoy a book or two from your original built in shelves. The additional dining space is large enough for two remote workers with plenty of room for 2 desks. The best part TAXES are under $1,000 annually with the NEZ abatement in place until 2034!!! Minimal HOA includes water. Lease terms are available as well.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $369,900 |
| Original price | $379,900 |
| Price cut | −$10,000 |
| Beds | 1 |
| Baths | 1 full |
| Square feet | 1,050 |
| Type | Condominium |
| Subdivision | — |
| County | Wayne |
| MLS # | 20261012013 |
| Listed | 2026-02-28 |
| Days on market | 241 |
| Year built | 1912 |
| Possession | At closing |
| Stories | 1 story |
| Basement | Common, Unfinished |
| Heating | Electric, Forced air, Wall furnace |
| Foundation | Basement, Poured |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W27I190267S |
| Listing office | Match Realty |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $7,303 | about $184,950 |
| Yearly property tax | $395 | about $11,871 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $11,476 a year more than this seller pays. The assessor's state equalized value (SEV) is $160,000. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-28T01:47+00:00; refreshed at least twice daily.