NOT LISTED FOR SALE

Estimated Value: $38,000 - $561,000

0.07 Acre
$3,085,714 Price per Acre
3,049 Sq Ft Lot

Last Sold May 13, 2021

Last sale price $24,900

Est. 767% increase in value since last sale

Current estimated payment $1,216/month

622 Days on Market

About This Lot

As of May 2021

Don’t miss out this amazing opportunity in North Corktown! Build your dream home or a multi-family development to suit. The seller is the Detroit Land Bank Authority. 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 abatements that are otherwise available to the selected purchaser. DLBA will to waive its right to the tax capture for purchasers seeking such tax abatements for a payment of $5,000 in addition to the purchase price. The waiver may be granted at closing or any time thereafter upon payment by purchaser.” BATVAI

Last Agent to Sell the Property

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 03/05/2019

Co-Listed By

Clarence Wilson

RCH Brokerage Legacy Inc License #6501327151

Last Buyer's Agent

Leonard Pickett

RCH Brokerage Legacy Inc License #6501306589 Listed on: 03/05/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30

Year Built

  • 1895

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 31.00x100.00

Utilities

  • Sewer in Street

Community Details

  • Plat Of Pc 27 Lognon Farm Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I006685S

Property Details

Property Type

Land

Est. Annual Taxes

$30

Year Built

1895

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 100.0000
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1895

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 355714.2800
  • Lot Size Area: 0.07
  • Lot Dimensions: 31.00X100.00
  • Parcel Number: W08I006685S
  • Zoning: Residential

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
May 26, 2021
Sold by
The Detroit Land Bank Authority
Bought by
Riegle Connor
Seller's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
Buyer's Agent
Leonard Pickett
RCH Brokerage Legacy Inc
List Price
$24,900
Sold Price
$24,900
Total Days on Market
622
Current Estimated Value
$216,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,100
Avg. Annual Appreciation
70.25%

Purchase Details

Closed on
Oct 30, 2014
Sold by
The City Of Detroit
Bought by
The Detroit Land Bank Authority
Source: Public Records

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Range of Values:

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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
Riegle Connor $24,900 None Available
The Detroit Land Bank Authority -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riegle Connor Thomas $425,995
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2021 05/13/21 Sold $24,900 0.0% --
11/16/2020 11/16/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $24,900 0.0% --
03/19/2019 03/19/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $24,900 -- --
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
2024 $30 $400 $0 $0
2023 $31 $400 $0 $0
2022 $35 $400 $0 $0
2021 $62 $0 $0 $0
2020 $0 $0 $0 $0
2019 $340 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $340 $0 $0 $0
2015 -- $0 $0 $0
2013 -- $0 $0 $0
2010 -- $248 $248 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219018480

Realcomp

APN: 08-006685