Great opportunity to build your dream home on this lot that includes Canal Access. Buyers must include a plan for this lot when submitting offer. 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. BATVAI Please see attached documents for DLBA requirements.
General Information
Sale Price: $7,500
Price/SqFt:
Status: Active
MLS#: rcomi2200037048
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: fox creek (plats)
Acres: 0.09
Lot Dimensions: 30.00X124.00
Size:
Acreage: 0.09 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E MANISTIQUE 588 AND W 9 FT OF VAC ALLEY IN REAR FOX CREEK SUB L25 P73 PLATS, W C R 21/295 30 X 124
