8162 E Jefferson Avenue, Unit Mezzanine B, Detroit
$59,000
About this home
Welcome to Detroit Towers! Want a historic waterfront condo for 1/4 of what the City Assessor says it worth?! Want a beautiful riverfront pied-a-terre for under $40 per square foot?! The intersection between history and luxury, right on the beautiful Detroit River. Step inside and take the elegant spiral staircase or the elevator up to the mezzanine level to enter your unit. The condo features 2 large bedrooms with beautiful hardwood floors, 1 bathroom, and a large living room with a plethora of natural light and riverfront views! Right across the hall is the gorgeous dining room with open access to the kitchen, which features premium marble floors and an abundance of cabinet space. HOA is paid through the end of the year. HOA fee includes heat, water, valet, doorman, elevator operator, common area maintenance, building insurance, and much more!
The facts
| Price | $59,000 |
| Original price | $65,000 |
| Price cut | −$6,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 1,440 |
| Type | Condominium |
| Subdivision | — |
| County | Wayne |
| MLS # | 20261072038 |
| Listed | 2026-09-08 |
| Days on market | 47 |
| Year built | 1925 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Baseboard, Forced air, Natural gas |
| Foundation | Pillar/post/pier |
| Garage spaces | 6.0 |
| Water / Sewer | City water & sewer |
| Waterfront | Detroit River |
| Listing office | Denovo Real Estate |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $37,722 | about $29,500 |
| Yearly property tax | $3,180 | about $1,893 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $125,200. 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.
Ask Match Realty about this home
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 2026-10-25T23:19+00:00; refreshed at least twice daily.