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    Property profile & analytics

    1001 Covington Dr, Unit 5 Highland Park, MI 48203-4011

    • Garden apartment buildings
    • 2,628 SF
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    Oct 13, 2020
    $140,128
    Location Intelligence
    Property ID
    US43-4271267
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 1001 Covington Dr

    Year built
    1926
    Property size
    2,628 SF
    Property type
    Garden apartment buildings
    APN
    23002006.0382
    APU
    230020060382

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1169
    Latitude
    42.4213
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $655
    $0.00
    $0.00
    $132,400
    -
    $0.00
    $0.00
    $264,800

    Comparable in this City

    • Value Estimation by Request
      2,628 SF

      1001 Covington Dr, Unit 8

      GARDEN APT, COURT APT (5+ UNITS) • 2,628 SF
      1001 Covington Dr, Highland Park, MI 48203-4011
      View Details
    • Value Estimation by Request
      2,639 SF

      1001 Covington Dr, Unit 9

      GARDEN APT, COURT APT (5+ UNITS) • 2,639 SF
      1001 Covington Dr, Detroit, MI 48203-4011
      View Details
    • Value Estimation by Request
      2,639 SF

      1001 Covington Dr, Unit 12

      GARDEN APT, COURT APT (5+ UNITS) • 2,639 SF
      1001 Covington Dr, Detroit, MI 48203-4012
      View Details
    • Value Estimation by Request
      1,196 SF

      1001 Covington Dr, Unit 17

      GARDEN APT, COURT APT (5+ UNITS) • 1,196 SF
      1001 Covington Dr, Detroit, MI 48203-4012
      View Details
    • Value Estimation
      $245,000
      2,639 SF

      1001 Covington Dr, Unit 11

      GARDEN APT, COURT APT (5+ UNITS) • 2,639 SF
      1001 Covington Dr, Detroit, MI 48203-4012
      View Details
    • Value Estimation by Request
      3,955 SF

      2338 Woodstock Dr

      GARDEN APT, COURT APT (5+ UNITS) • 3,955 SF
      2338 Woodstock Dr, Highland Park, MI 48203-1054
      View Details

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      Vacant Apartment Building For Sale

      Vacant apartment building available for sale in Highland Park.
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    Similar Nearby for Lease

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      Highland Park Commercial Space Available

      Commercial space available in Highland Park, Michigan.
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      View Details
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      View Details
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      Highland Park Office/Industrial Space

      Prime location, 37,347 SF available.
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      View Details
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    Highland Park, MI 48203-4011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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