Record-Breaking Home Sale in Detroit’s Wayne County

News Summary

Detroit’s real estate market has been shaken up by an unprecedented home sale at 4310 Fourth Street, which sold for $17.8 million, marking it the most expensive residential property in Wayne County. A total of 390 homes have changed hands recently, indicating a thriving real estate environment with a variety of options available for buyers across different price ranges.

Record-Breaking Sale in Detroit Makes Waves Across Wayne County

Detroit has officially entered the record books with a jaw-dropping home sale that shook up the real estate market in Wayne County. In a stunning transaction, a luxurious estate located at 4310 Fourth Street in the Motor City fetched an astounding $17.8 million. This commanding sale not only snatched the title of the most expensive residential property sold recently in Wayne County but also left many in disbelief at the current state of the local real estate market.

Residential Real Estate Numbers Soar

In the past week alone, Wayne County has seen a bustling activity in residential real estate, marking 390 sales altogether. This is a clear indication of a lively market where buyers are snatching up properties left and right. If you’re wondering about the general price ranges, the average sale price for homes in the county landed at $248,751, with the average price per square foot sitting at $167. It’s clear that the market is thriving, with plenty of options available for those interested in making a move.

A Closer Look at Recent Sales

Amidst the whirlwind of transactions, several notable properties sold recently, highlighting the diverse offerings in the housing market. For example:

150 Alexandria Court in Canton went for $630,000, offering 3,046 square feet of space at $207 per square foot.
35437 Gardner Street in Livonia changed hands for $670,000, featuring 2,665 square feet at a brisk $251 per square foot.
639 Canterbury Road located in Grosse Pointe Woods found a new owner for $700,000, boasting 3,462 square feet at $202 per square foot.
Further, 49364 Quail Run Court in Plymouth hopped off the market at $721,700 for 3,020 square feet, calculating to $239 per square foot.
2441 Blackwood in Canton, a modern construction from 2018, sold for $775,000, showcasing its 3,167 square feet for $245 per square foot.
46465 Willis Road in Belleville, despite its age dating back to 1946, commanded $930,000, covering an impressive 9,523 square feet at just $98 per square foot.

The Luxurious High-End Market

The high-end market in Wayne County showed its brilliance with several multi-million dollar properties changing hands, underscoring the variety available for potential buyers with deep pockets. Notable high-ticket sales include:

540 Lincoln Road in Grosse Pointe, built in 1928, was sold for $975,000, showcasing 3,030 square feet at $322 per square foot.
220 Lewiston Road in Grosse Pointe Farms went for $1,100,000, offering 3,976 square feet at $277 per square foot.
615 S. Harvey Street in Plymouth sold for $1,250,000, providing 3,603 square feet at a noted $347 per square foot.

The Biggest Showstopper

But none could hold a candle to the grand sale of 4310 Fourth Street, which shook the community when it was finalized for a staggering $17.8 million. This property, built in 1979, spans a whopping 40,819 square feet, making it not just a home, but a statement. With a price per square foot of $436, it’s evident this luxurious estate is a monumental addition to the Wayne County real estate landscape.

All Eyes on Wayne County

As we march into the future, real estate enthusiasts, potential buyers, and homeowners alike will undoubtedly keep a watchful eye on Wayne County. With an array of properties selling across all price points, from cozy family homes to lavish estates, the market is definitely showing signs of vibrancy and growth. Who knows what records will be broken next!