Thank you
Gene Kelley Ii
Real Estate One-Southfield
248-723-0055
Welcome to the latest offering from the Detroit Land Bank Authority. 4 buildable lots in the quickly growing islandview neighborhood. The lots are surrounded by a swath of new construction waiting for your development ideas. The sale includes 1774, 1768 and 1762 Townsend. 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. More specifically they would like to see small scale multi-families and duplexes. 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.
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Sewer: Sewer at Street
Water at Street
Lot Size: 0.14
Lot Dimensions: 60 x 100
Frontage Feet: 60
Subdivision: MOSES W FIELDS SUB L8 P37 (PLATS)
Financing: Cash,Quit Claims Deed
Original List Price: $40,502
Possession: At Close
Legal Description: E TOWNSEND 354 & 355MOSES W FIELDS SUB L8 P37 PLATS, W C R 17/40 60 X 100
Parcel Number: 170118589
At Close
Legal Description: Section: E TOWNSEND 354 & 355MOSES W FIELDS SUB L8 P37 PLATS, W C R 17/40 60 X 100
Road Frontage: Paved
School District: Detroit
Water:Water at Street
Sewer:Sewer at Street
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4744 Cadillac , Detroit, MI,48214 | $468,420 | -- | -- | -- | 0.09 Acre |
2623 Fairview Street , Detroit, MI,48214 | $5,700 | 4 | 2 | 751 | 0.37 Acre |
184 Marina Ct. Drive .., Detroit, MI,48214 | $220,000 | 3 | 2 | 1,828 | -- |
2218 Van Dyke Street , Detroit, MI,48214 | $299,000 | -- | -- | -- | 0.08 Acre |
4492 Sheridan Street , Detroit, MI,48214 | $40,000 | -- | -- | -- | 0.12 Acre |
3806 Belvidere Street , Detroit, MI,48214 | $6,500 | -- | -- | -- | 0.08 Acre |
4155 Holcomb Street , Detroit, MI,48214 | $15,000 | 3 | 1 | 1,296 | 0.11 Acre |
7733 Mack Avenue , Detroit, MI,48214 | $29,000 | -- | -- | -- | 0.09 Acre |
180 Marina Ct #84, Detroit, MI,48214 | $240,000 | 3 | 2 | 1,838 | -- |
176 Sea Breeze Drive #5, Detroit, MI,48214 | $225,000 | 3 | 2 | 1,828 | -- |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 04/30/2024 @ 13:46
MLS: 590073349
LISTED BY: Gene Kelley II , Real Estate One-Southfield
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.