$175,000
PENDING

Estimated payment $1,072/month

Total Views 526
1.02 Acres
$171,569 Price per Acre
44,431 Sq Ft Lot

About This Lot

Northwest Detroit Development Opportunity - 1.02 Acres of Vacant Land near downtown Old Redford. Seller is seeking Multi-Family Affordable or Supportive Housing Project. Current Zoning is R5. Subject property is located at the corner of Burt Road & Verne Avenue, just south of Grand River Avenue. Seller Purchase and Development Agreement to be provided upon acceptance of qualifying offer. Development proposal guidelines and offer instructions attached to listing. All proposals are due February 28, 2020.

Listing Agent

James Bufalino

Premier Property Services LLC License #6501313711 Listed on: 12/19/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,447

Lot Details

  • 1.02 Acre Lot
  • Level Lot
  • Irregular Lot
  • Property is zoned Multi-Family, Site Plan Condo

Utilities

  • Sewer in Street

Community Details

  • More Than One Legal Involved Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I107870S002L

Property Details

Property Type

Land

Est. Annual Taxes

$1,447

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 477900.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Feet: 171
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 171568.6200
  • Lot Features: Irregular, Level
  • Lot Size Area: 1.02
  • Lot Dimensions: Irregular
  • Parcel Number: W22I107870S002L
  • Zoning: Multi-Family, Residential, Site Plan Condo
  • Improvements: Curbs, Sidewalks

Tax Info

  • Taxable Value: 475037.0000

MLS Schools

  • School District: Detroit

Map

Range of Values:

Collateral Analytics

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ICE

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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

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 $1,447 $0 $0 $0
2024 $1,447 $21,400 $0 $0
2023 $1,409 $18,300 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $37,521 $0 $0 $0
2019 $37,521 $0 $0 $0
2018 $0 $511,400 $0 $0
2017 $9,013 $477,900 $0 $0
2016 $41,888 $470,800 $0 $0
2015 $47,080 $470,800 $0 $0
2013 $47,081 $470,805 $0 $0
2010 -- $507,043 $26,557 $480,486
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2020 04/23/20 Pending -- -- --
12/19/2019 12/19/19 For Sale $175,000 -- --
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Quit Claim Deed $175,000 None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed $1,226 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,750,000 Construction
Closed $2,000,000 FHA
Closed $750,000 FHA
Open $10,456,815 Credit Line Revolving
Previous Owner $1,500,000 Commercial
Previous Owner $1,100,000 Commercial
Previous Owner $920,000 Commercial
Source: Public Records

Source: Realcomp

MLS Number: 219123604

Realcomp

APN: 22-10-787-00-02L