$12,750
$15,500
17.7%For more information regarding the value of a property, please contact us for a free consultation.
4,791 Sqft Lot
SOLD DATE : 07/30/2024
Key Details
Sold Price $12,750
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Mills Sub No 3 (Plats)
MLS Listing ID 20230006883
Sold Date 07/30/24
Originating Board Realcomp II Ltd
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 30 x 153
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 4 buildable lots available in the Island view subdivision. Sale includes 2413, 2425 and 2407 concord. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood.
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 abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Location
State MI
County Wayne
Area Det Woodward-Mcclellan/So Mack
Zoning Residential
Direction E Grand blvd. South to E. Vernor go West
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Sewer at Street
Water Water at Street
Schools
School District Detroit
Others
Tax ID 15011716.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash, Quit Claims Deed
Listing Terms Cash, Quit Claims Deed
Financing Cash,Quit Claims Deed
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