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CondominiumResidential
$498,949$134 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 63How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $1,325,000 on Sep 3, 2021

2987 FRANKLIN ST

DETROIT, MI 48207
Building report
1.5
Baths
3,727 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1943
Year BuiltThe year the home was originally built, according to county records.

Valuation

$499K
$314K low$684K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$1,325,000 · Sep 3, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$27,131 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$613,200 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$603,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$1,226,400

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

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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 SchoolB-
High · Grades 9–12 · 0.3 mi
E
Bunche Preparatory AcademyC
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%

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

How this home compares

2987 Franklin St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 97% of homes in Rivertown
  • Costs less per square foot than 71% of homes in Rivertown
  • Among the largest homes in Rivertown
  • Newer than 67% of homes in Detroit 48207

What homes are worth in Detroit 48207

Each bar is how many homes fall in that price range. The marker is this home.

This home
$37K$526K

This home is worth more than 97% of homes in Detroit 48207.

How it measures up in Detroit 48207

The dot is this home. The mark in the middle is the typical home in Detroit 48207.

Estimated value$498,949
CheaperTypical $129,897Pricier

Pricier than 97% of homes nearby

Price per ft²$134
CheaperTypical $93Pricier

Pricier than 68% of homes nearby

Living area3,727 ft²
SmallerTypical 1,570 ft²Bigger

Bigger than 96% of homes nearby

Year built1943
OlderTypical 1914Newer

Newer than 67% of homes nearby

How 2987 Franklin St ranks against every home in each area.
MeasureThis homeRivertownDetroit 48207Wayne County
Estimated valuepricier than$498,94997% of homes97% of homes93% of homes
Price per ft²pricier than$13429% of homes68% of homes44% of homes
Living areabigger than3,727 ft²almost all homes96% of homes98% of homes
Year builtnewer than194337% of homes67% of homes35% of homes

About 2987 Franklin St

How much is 2987 Franklin St, Detroit, MI worth?

The TopHap Estimate for 2987 Franklin St, Detroit, MI is $498,949 as of Sep 24, 2026. The likely range is $314,180 to $683,718. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2987 Franklin St, Detroit, MI last sell?

2987 Franklin St, Detroit, MI last sold on Sep 3, 2021 for $1,325,000, according to the county's recorded deed.

How big is 2987 Franklin St, Detroit, MI?

2987 Franklin St, Detroit, MI has 1.5 bathrooms and 3,727 square feet of living space.

When was 2987 Franklin St, Detroit, MI built?

2987 Franklin St, Detroit, MI was built in 1943, making it 83 years old. It is a condo/apartment home.

What schools serve 2987 Franklin St, Detroit, MI?

2987 Franklin St, Detroit, MI is assigned to Martin Luther King Jr. Senior High School (high), rated B-; Bunche Preparatory Academy (elementary), rated C. All sit in Detroit Public Schools Community District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2987 Franklin St, Detroit, MI compare to other homes in Detroit 48207?

Among the 2,981 homes in Detroit 48207, it is worth more than 97% of them ($498,949 against a typical $129,897), its price per square foot is higher than 68% of them ($134 against a typical $93), it is bigger than 96% of them (3,727 ft² against a typical 1,570 ft²) and it is newer than 67% of them (1943 against a typical 1914). Measured against all of Wayne County, it is worth more than 93% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 2987 Franklin St, Detroit, MI?

The 2025 property tax bill for 2987 Franklin St, Detroit, MI was $27,131. The county assessed it at $613,200.

More homes on Franklin St

Closest homes

More homes in Detroit 48207

Assigned schools

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