Welcome to the latest offering from the Detroit Land Bank Authority. This Islandview infill lot size is 29x110. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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
General Information
Sale Price: $7,500
Price/SqFt:
Status: Active
MLS#: 20240058631
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: hugo scherers sub (plats)
Acres: 0.07
Lot Dimensions: 29.00 x 110.00
Size:
Acreage: 0.07 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $991 Est. Winter Taxes: $92
Legal Description: E PARKER 23 HUGO SCHERERS SUB L26 P21 PLATS, W C R 17/214 28.84 X 110
