Estimated payment $55/month
This property is sold in a bundle with 2 vacant lots 3724 and 3734 Rochester. Not sold separately. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
| 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 | -- | $0 | $0 | $0 |
| 2024 | -- | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 |
| 2021 | $0 | $0 | $0 | $0 |
| 2020 | $2,263 | $0 | $0 | $0 |
| 2019 | $2,263 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | -- | $0 | $0 | $0 |
| 2016 | $1,260 | $0 | $0 | $0 |
| 2015 | $1,964 | $0 | $0 | $0 |
| 2013 | $1,964 | $19,637 | $0 | $0 |
| 2010 | -- | $28,135 | $733 | $27,402 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2024 03/18/24 | Off Market | $10,000 | -- | -- |
| 03/22/2023 03/22/23 | For Sale | $10,000 | -- | $2 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Corporate Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Progressive Title | |
| Sheriffs Deed | $75,956 | None Available | |
| Warranty Deed | $90,000 | Alpha Title Agency Inc |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $67,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $13,500 | Unknown |
$7,500
Welcome to the latest offering from the Detroit Land Bank Authority. This brick 4 unit multifamily is in need of a major rehab from top to bottom. Each unit features 2 bedrooms, living room, dining room and kitchen. Located in an up and coming area of Detroit, this property will surely make a good addition to your investment portfolio. Please note that the Detroit Land bank Authority is
Gene Kelley Real Estate One-Southfield
$10,000
Great opportunity for experienced investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its
Leonard Pickett RCH Brokerage Legacy Inc
$7,500
Welcome to the latest offering from the Detroit land bank authority. Brick 2 family flat in need of major rehab located in the much sought after Russell Woods subdivision. Bring your hard hat and your budget and get to work. Your new project awaits. 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
Gene Kelley Real Estate One-Southfield
$9,900
***Property is distressed! Please enter at your own risk!***Great investment opportunity waiting for you! 2 beds up/2 down. **No Access to Basement**Sale contingent on buyer/seller executed development agreement. 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
Natasha Richards Bellabay Realty Tri Counties
$9,500
Motivated seller. Bring all offers. No showing until accepted offer. Tenant/squatter occupied. Nonperforming tenants. All liens are to be paid by the buyer. Close to major freeways. Near midtown area.
Roger Jones Dwellings Unlimited LLC
$7,500
This property is bundled with vacant lot 128 Arizona totaling= 9,191sqft. Not sold separately. Property zoned R2. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA is entitled to a tax capture for the 5 tax years
Leonard Pickett RCH Brokerage Legacy Inc
$9,900
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Estimated rehab 223$k. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the
Natasha Richards Bellabay Realty Tri Counties
$12,500
Welcome to the latest offering from the Detroit Land bank authority. Frame 2 family flat in need of a full rehab. this property is priced to move and with the right touches can be put back together fairly quickly. 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
Gene Kelley Real Estate One-Southfield
Source: Realcomp
MLS Number: 20230020319
APN: 14-003559
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