Check out this latest offering from the Detroit Land Bank Authority located at Grand River and I-94. This TWO lot bundle is conveniently located in Woodbridge neighborhood near expressways making commutes to work or downtown easy. 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. THIS BUNDLE INCLUDES 5201 STANTON AND 2524 MERRICK AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $18,500.00.
General Information
Sale Price: $18,500
Price/SqFt:
Status: Active
MLS#: 20240043415
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: stantons sub pt of pc 47 3 n of grand river
Acres: 0.12
Lot Dimensions: 54.00 x 100.00
Size:
Acreage: 0.12 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $42 Est. Winter Taxes: $5
Legal Description: W STANTON S 18 FT OF E 100 FT OF 863 E 100 FT OF 862STANTONS SUB L16 P26 PLATS, WCR 10/47 54 X 100
