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CondominiumResidential

2987 Franklin St

DETROIT, MI 48207
1943
Year BuiltThe year the home was originally built, according to county records.
Built 194319 units690–3,727 ft²
$4.1M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$158K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$182
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+52.8%vs the Detroit ZIP median sale $/ft² ($119)

Sales Performance

$2.2M
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+952.6%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
5.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20212023202420252026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20212023202420252026

12 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$106K$240K$373K$507K690 ft²1,297 ft²1,905 ft²2,512 ft²3,120 ft²3,727 ft²
Studio1 bd2 bd
Studio
5 units
1 bed
9 units
2 bed
5 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 1 ba · 690 ft²
5 units
2 bd · 1 ba · 750 ft²
2 units
1 bd · 1 ba · 750 ft²
2 units
2 bd · 1 ba · 1,044 ft²
2 units
Studio · 1.5 ba · 3,727 ft²
2 units
One-off layouts
6 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$106K–$148K
9 units
$158K–$186K
6 units
$461K–$507K
4 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.58%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.16%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.5.5 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.14%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.92%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$0
Median tax billThe middle annual property tax bill among the building's units.$5,192
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 9Jul 27, 2026$2,200,000Unit 10Jun 23, 2025$219,000Unit 11Apr 8, 2025$199,000Unit 7Oct 18, 2024$324,900Unit 7Oct 18, 2024$324,900Unit 9Jul 12, 2023$325,000Unit 10May 16, 2023$250,000Unit 8Sep 3, 2021$1,325,000Unit 8Sep 3, 2021$1,325,000Unit 15Jul 15, 2021$925,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyWAYNE
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Martin Luther King Jr. Senior High SchoolF
High · Grades 9–12 · 0.3 mi
E
Bunche Preparatory AcademyF
Elementary · Grades PK–8 · 0.5 mi

District: Detroit Public Schools Community District

Neighborhood · ZIP 48207These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.175
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.91
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.30

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.23%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.21,239
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,720 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$53,646
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$70,730
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.53%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

2987 Franklin St # 6
1 bd · 1 ba · 750 ft²
$134K
2987 Franklin St # 6
1 bd · 1 ba · 750 ft²
$159K
2987 Franklin St
2 bd · 1 ba · 750 ft²
$110K
2987 Franklin St
2 bd · 1 ba · 750 ft²
$159K
2987 Franklin St
1.5 ba · 3,727 ft²
$461K
2987 Franklin St
1.5 ba · 3,727 ft²
$499K
2987 Franklin St
2 bd · 1 ba · 1,022 ft²
$186K
2987 Franklin St # 10
1 ba · 860 ft²
$158K
2987 Franklin St # 11
1 bd · 1 ba · 710 ft²
$144K
2987 Franklin St # 12
1 bd · 1 ba · 690 ft²
$148K
2987 Franklin St # 13
1 bd · 1 ba · 890 ft²
$161K
2987 Franklin St # 14
1 ba · 1,451 ft²
$507K
2987 Franklin St # 15
1 ba · 1,954 ft²
$488K
2987 Franklin St # 3-2ab
2 bd · 1 ba · 1,044 ft²
$137K
2987 Franklin St # 3-2ab
2 bd · 1 ba · 1,044 ft²
$181K
2987 Franklin St # 4-2c
1 bd · 1 ba · 690 ft²
$106K
2987 Franklin St # 4-2c
1 bd · 1 ba · 690 ft²
$148K
2987 Franklin St # 5-2d
1 bd · 1 ba · 690 ft²
$106K
2987 Franklin St # 5-2d
1 bd · 1 ba · 690 ft²
$148K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 2987 Franklin St

How many units are in 2987 Franklin St, Detroit, MI?

2987 Franklin St, Detroit, MI has 19 residential units across built in 1943, according to county assessor records.

What is a unit at 2987 Franklin St, Detroit, MI worth?

The median TopHap Estimate across the 19 units at 2987 Franklin St, Detroit, MI is $158,112. That works out to $182 per square foot. Units run from 690 to 3,727 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 2987 Franklin St, Detroit, MI expensive for Detroit?

Units at 2987 Franklin St, Detroit, MI carry a median of $182 per square foot, 53% above the Detroit median of $119 per square foot.

How often do units sell at 2987 Franklin St, Detroit, MI?

1 units at 2987 Franklin St, Detroit, MI sold in the last 12 months, out of 12 recorded arms-length sales all time. That is a turnover rate of 5.3% of the building per year. The median sale over that period was $2.2M.

What floor plans does 2987 Franklin St, Detroit, MI have?

The most common plan at 2987 Franklin St, Detroit, MI is a 1-bedroom of 690 square feet, repeated 5 times, with a median estimate of $148,294. TopHap identifies 5 recurring plans in the building.

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Assigned schools

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