6533 E Jefferson, Unit 312, Detroit, MI 48207
Price cut $5,100 since it was listed at $165,000
Est. $2,383/mo with current taxes · · See the breakdown
About this home
Welcome Home ! Unit 312W in The Lofts at Rivertown offers a chic twist on loft living. Spacious enough for an oversized couch and office space in the main living room. The large windows allow natural light to flow and open this unit up dramatically with the minimal maintenance cement/epoxy floors. Large Walk-in closet in the primary bedroom fit for a California king with enough storage for 2 people. Located just across from Belle Isle, walking/biking distance to downtown Detroit and the riverfront. The Best Part, Seller is willing to contribute up to a year in advance toward the HOA fees.
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 | $159,900 |
| Original price | $165,000 |
| Price cut | −$5,100 |
| Beds | 1 |
| Baths | 1 full |
| Square feet | 1,000 |
| Type | Condominium |
| Subdivision | — |
| County | Wayne |
| MLS # | 20261023359 |
| Listed | 2026-04-08 |
| Days on market | 202 |
| Year built | 1908 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Slab |
| Water / Sewer | City water & sewer |
| Pool | Community, In-ground, Outdoor |
| Listing office | Match Realty |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $68,200 | about $79,950 |
| Yearly property tax | $4,833 | about $5,132 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $299 a year more than this seller pays. The assessor's state equalized value (SEV) is $87,400. 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.