$9,900 for Sale
3526 25th, detroit, MI 48208
Beds 2 | Baths 1 | 696 Sqft | 0.14 Acres |
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Property Description
Great opportunity to renovate this 2 bedroom home in an up and coming area. Close to major free-ways, Downtown/Corktown areas. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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. REALTOR Remarks: Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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.
General Information
Sale Price: $9,900
Price/SqFt: $14
Status: Active
MLS#: rcomi60178700
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: j w johnstons (also page 33) (plats)
Acres: 0.14
Lot Dimensions: 60.00 x 100.00
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 696 sq.ft.
Acreage: 0.14 est.
Year Built: 1890
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Bedroom 1: 4x3
Bedroom 2 : 3x3
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen: 2x2
Livingroom: 5x5
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Other
Basement: No
Foundation : Crawl
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sanitary
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
HOA fees:

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Listing By: Natasha Talley of Bellabay Realty Tri Counties, Phone: 248-274-6614