Thank you
Gene Kelley Ii
Real Estate One-Southfield
248-723-0055
Welcome to the latest offering from the Detroit Land Bank Authority. Prime lot located in North Corktown ready for development. 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
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Sewer: Public Sewer (Sewer-Sanitary)
Water at Street
Lot Size: 0.22
Lot Dimensions: 50.00 x 187.00
Subdivision: CABACIER FARM SUB PLAT OF SUB PT BLK 4 PC 227
Financing: Cash,Quit Claims Deed
Original List Price: $48,263
Possession: At Close
Legal Description: W TWELFTH E 187 FT 42 SUB OF PT OF BLK 4 CABACIER FARM L1 P244 PLATS, W C R 8/48 50 X 187
Parcel Number: W08I008201S
At Close
Legal Description: Section: W TWELFTH E 187 FT 42 SUB OF PT OF BLK 4 CABACIER FARM L1 P244 PLATS, W C R 8/48 50 X 187
Road Frontage: Paved
School District: Detroit
Water:Water at Street
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1536 Temple , Detroit, MI,48216 | $18,000 | -- | -- | -- | 0.07 Acre |
2845 Standish Street , Detroit, MI,48216 | $45,000 | -- | -- | -- | 0.41 Acre |
2287 Cochrane Street , Detroit, MI,48216 | $150,000 | -- | -- | -- | 0.05 Acre |
3009 Cochrane Street , Detroit, MI,48216 | $49,000 | -- | -- | -- | 0.07 Acre |
423 W Grand Boulevard , Detroit, MI,48216 | $500,000 | 8 | 4 | 4,202 | 0.14 Acre |
1503 1515 1519 Sainte A.., Detroit, MI,48216 | $269,900 | 2 | 1 | 950 | 0.16 Acre |
2435 Perry Street, Detroit, MI,48216 | $35,000 | -- | -- | -- | 0.18 Acre |
2876 Tillman Street, Detroit, MI,48216 | $50,000 | -- | -- | -- | 0.06 Acre |
3525 Porter Street, Detroit, MI,48216 | $8,000 | -- | -- | -- | 0.06 Acre |
2623 Cochrane Street , Detroit, MI,48216 | $1,575,000 | 10 | 10 | 1,100 | 0.07 Acre |
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 05/08/2024 @ 23:38
MLS: 583701576
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.