8900 E Jefferson Avenue Unit: 1101 , Detroit, MI 48214
Est. $1,096/mo with taxes uncapped · See the breakdown
About this home
Nestled on Detroit's Gold Coast perched on the Detroit River is the most affordable studio unit with new carpet and paint. This lovely Studio has a view of the city's skyline. The HOA fee includes heat, water, fitness center in the building, maintenance and repairs. Live in downtown Detroit for less than $600!! This unit must be owner occupied and all prospective owners must be approved for membership in the Riverhouse Coop.
Monthly payment
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 | $42,500 |
| Beds | — |
| Baths | 1 full |
| Square feet | 461,840 |
| Type | Stock cooperative |
| Subdivision | — |
| County | Wayne |
| MLS # | 81026058410 |
| Listed | 2026-11-04 |
| Days on market | 0 |
| Year built | 1955 |
| Possession | At closing |
| Heating | Ductless, Natural gas |
| Foundation | Slab |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Waterfront | Detroit River |
| Pool | In-ground |
| Parcel number | 19000016002L |
| Listing office | Nextpointe Real Estate Service |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $4,461,731 | about $21,250 |
| Yearly property tax | — | about $1,364 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $4,461,731. 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 Greater Metropolitan Association of REALTORS, ©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 2026-11-04T21:25+00:00; refreshed at least twice daily.