Description
Build your dream home or a multi-family development to suit. Zoned 3. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review request to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.
Details
| MLS # | 60974417 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 237 |
| Listing Provided By | RCH Brokerage Legacy Inc | Leonard Pickett |
Features
| Zoning | Residential |
|---|---|
| Acreage | 0.14 |
Other
| List Aor | Real Comp |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Community Name | Baggs Sub Pt Of Ol 1 |
| Listing VS Median (in Baggs Sub Pt Of Ol 1) | |
Price: $24,000 low | high Med: $385,000 On site: 237 low | high Med: 66 | |
Market Activity 48202
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Community Name | Baggs Sub Pt Of Ol 1 |
| Listing VS Median (in Baggs Sub Pt Of Ol 1) | |
Price: $24,000 low | high Med: $385,000 On site: 237 low | high Med: 66 | |
