NOT LISTED FOR SALE
7 Acres
-- Price per Acre
304,920 Sq Ft Lot

Last Sold December 20, 2013

Last sale price $1

336 Days on Market

Highlights

  • Lake Front
  • 7 Acre Lot
  • 1-minute walk to Mariner Park
  • Cass Technical High School Rated 10
  • Lake Privileges

About This Lot

As of December 2013

***INTERNATIONAL WATERFRONT**7 ACRES OF VACANT LAND ON LAKE ST. CLAIR.ZONED R6 MAX DENSITY HIGH RISE W/COMMERCIAL ON THE 1ST FLOOR.400 FT OF LAKE FRONTAGE, 800 FT OF CANAL FRONTAGE. LOCATED BETWEEN MARINER PARK AND AB FORD PRK.TAX INCENTIVES INCL.($5.7 M BROWNSFIELD TAX CREDIT ISSUED FOR BLIGHT).SALE INCLUDES 4000 SQ FT MARINA; 2 RETAIL UNITS AND APT. FOR AN ADD'L.94 ACRES.W/ 20 BOAT WELLS - 13 ARE COVERED.FUEL DOCK.400 FT FROM GROSSE POINTE PARK. PART OF PROPOSED RIVERWALK EXPANSION. AGENT OWNED. ALL MEASUREMENTS & AMOUNTS ARE ESTIMATED AND SHOULD BE VERIFIED BY BUYER.

Last Agent to Sell the Property

Salvatore Delisi

Edge Realty, LLC License #6501332361 Listed on: 01/17/2013

Last Buyer's Agent

Salvatore Delisi

Edge Realty, LLC License #6501332361 Listed on: 01/17/2013

Property Details

Property Type

  • Land

Lot Details

  • 7 Acre Lot
  • Lot Dimensions are 400x800
  • Lake Front
  • River Front
  • Property is zoned Multi-Family

Additional Features

  • Water Views
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W21I000118S

Community Details

Overview

  • More Than One Subdivision Involved

Recreation

  • Lake Privileges

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Assessment: YES
  • State Equalized Value: 275800.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: ST. CLAIR
  • Waterfront: Yes
  • Frontage Feet: 400
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Waterfront Description: Lake Front, Lake/River Priv, River Front

Utilities

  • Sewer: Sewer at Street, Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal), Water at Street

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 564286.0000
  • Lot Features: Water View
  • Lot Size Area: 7.00
  • Lot Dimensions: 400X800
  • Parcel Number: W21I000118S
  • Zoning: Multi-Family, Residential
  • Survey: Yes
  • Unit Per Acre: 7

Rental Info

  • Deposit Amount: 987500.00

Tax Info

  • Tax Amount Summer: 21002.0000
  • Tax Amount Winter: 2213.0000
  • Total Tax: 23215.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2013
Closed on
Dec 20, 2013
Sold by
Riverside Pointe Llc
Bought by
Riverfront Limited Partnership In Michig
Seller's Agent
Salvatore Delisi
Edge Realty, LLC
Buyer's Agent
Salvatore Delisi
Edge Realty, LLC
List Price
$3,950,000
Sold Price
$1
Premium/Discount to List
-$3,949,999
-100%

Purchase Details

Closed on
Aug 16, 2010
Sold by
Rbs Citizens Na
Bought by
Servco Inc

Purchase Details

Closed on
Oct 22, 2009
Sold by
River Pointe Development Company Limited
Bought by
Charter One Bank Na

Purchase Details

Closed on
Jun 11, 2004
Sold by
Riverside Investment Llc
Bought by
River Pointe Development Co Lp
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Riverfront Limited Partnership In Michig -- First American Title
Servco Inc -- None Available
Charter One Bank Na $900,000 None Available
River Pointe Development Co Lp -- Lamont Title Corporation
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2013 12/20/13 Sold $1 -100.0% --
12/19/2013 12/19/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $3,950,000 -- --
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,212 $898,000 $0 $0
2024 $25,212 $816,500 $0 $0
2023 $24,538 $816,400 $0 $0
2022 $26,536 $816,300 $0 $0
2021 $27,055 $816,200 $0 $0
2020 $28,779 $816,200 $0 $0
2019 $25,169 $816,200 $0 $0
2018 $21,384 $292,800 $0 $0
2017 $5,161 $273,600 $0 $0
2016 $23,987 $269,600 $0 $0
2015 $26,960 $269,600 $0 $0
2013 $26,957 $269,567 $0 $0
2010 -- $290,316 $149,498 $140,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 213088611

Realcomp

APN: 21-000118