Thank you
Leonard A Pickett Iii
RCH Brokerage Legacy Inc
248-440-2268
This property is zoned R3.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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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 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 abatement on the purchase and development financing. BATVAI. Please see attached documents for DLBA guidelines.
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Sewer: Public Sewer (Sewer-Sanitary)
Public (Municipal)
Lot Size: 0.82
Lot Dimensions: 360.00 x 99.00
Subdivision: MORE THAN ONE LEGAL INVOLVED
Financing: Cash
Original List Price: $71,164
Possession: At Close
Legal Description: W SCHAEFER S 40 FT OF 122.75 FT 4ROBERT M GRINDLEYS SUB NO.6 OF LITTLE FARMS L31 P13 PLATS, W C R 22/548 1 THRU 8RESUB OF PT LOTS 5 & 6 ROBERT M GRINDLEYS SUB NO.6 L64 P21 PLATS, W C R 22/687 8 THRU 1MC NAUGHTONS SUB L56 P26 PLATS, W C R 22/549 360 IRREG
Parcel Number: W22I031157C72
At Close
Legal Description: Section: W SCHAEFER S 40 FT OF 122.75 FT 4ROBERT M GRINDLEYS SUB NO.6 OF LITTLE FARMS L31 P13 PLATS, W C R 22/548 1 THRU 8RESUB OF PT LOTS 5 & 6 ROBERT M GRINDLEYS SUB NO.6 L64 P21 PLATS, W C R 22/687 8 THRU 1MC NAUGHTONS SUB L56 P26 PLATS, W C R 22/549 360 IRREG
Road Frontage: Paved
School District: Detroit
Water:Public (Municipal)
Sewer:Public Sewer (Sewer-Sanitary)
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12800 W Chicago Street , Detroit, MI,48228 | $3,000 | -- | -- | -- | 0.25 Acre |
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7317 Penrod Street , Detroit, MI,48228 | $4,800 | -- | -- | -- | 0.12 Acre |
7265 Stout Street , Detroit, MI,48228 | $79,999 | 3 | 1 | 768 | 0.1 Acre |
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8862 Evergreen Avenue , Detroit, MI,48228 | $49,990 | 2 | 1 | 900 | 0.07 Acre |
8667 Ashton Avenue , Detroit, MI,48228 | $45,000 | 3 | 1 | 854 | 0.12 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 05/05/2024 @ 20:14
MLS: 582783368
LISTED BY: Leonard A Pickett III , RCH Brokerage Legacy Inc
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.