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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 45,000

Est. payment -/mo

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Pending

514 MOUNT VERNON Street Detroit, MI 48202

3 Beds

2 Baths

1,348 SqFt

UPDATED:

06/20/2024 10:15 PM

Key Details

Property Type Single Family Home

Sub Type Bungalow

Listing Status Pending

Purchase Type For Sale

Square Footage 1,348 sqft

Price per Sqft $33

Subdivision Kochs Sub (Plats)

MLS Listing ID 20230099099

Style Bungalow

Bedrooms 3

Full Baths 2

HOA Y/N no

Originating Board Realcomp II Ltd

Year Built 1910

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30.00 x 110.00

Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab, but there are excellent opportunities available with this property. 506 mt vernon is also included in the sale. 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/or 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. Please refer to DLBA proposal guidelines

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Direction Woodward south to Mt Vernon go east

Rooms

Basement Unfinished

Interior

Heating Hot Water

Fireplace no

Heat Source Natural Gas

Exterior

Garage Description No Garage

Pool No

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Bungalow

Warranty No

Level or Stories 1 Story

Structure Type Asbestos

Schools

School District Detroit

Others

Tax ID W03I002082S

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash, Quit Claims Deed

Listing Terms Cash, Quit Claims Deed

Financing Cash,Quit Claims Deed

Listed by Real Estate One-Southfield

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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