$12,000

18620 Maine Street, Detroit, MI 48234

3 beds |
1 bath |
889 sqft

Single-Family Home
Built in 1950
4,356sqft lot
—— car garage
$13/sqft
Listed 1 year ago

Property Description

Great investment opportunity in the Northeast Central District and awaiting your vision. Offered by the Detroit Landbank Authority, this home is a 3 bedroom bungalow included with the vacant land, 18610 Maine that is 5271 square feet. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal (not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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. be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development.

Listing Status:: Active
Date Added:: October 7, 2024 at 05:00AM
Listing Office:: Bellabay Realty Tri Counties : 248-274-6614
Listing Agent:: Natasha Richards : 313-204-0310
MLS ID:: 60345174

Basement: Unfinished
Heating: Natural GasForced Air

Style: Bungalow
Parking: Parking spaces: 0

General: Vinyl SidingOne and One HalfBasement

Road/Access: Paved
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: E MAINE N 10 FT 206 205 LELAND HIGHLANDS SUB L37 P44 PLATSW C R 9/159 40 X 105

Water: Public
Sewer: Public Sanitary

Source: MiRealSource

This listing courtesy of Natasha Richards, Bellabay Realty Tri Counties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Nolan Elementary-Middle School

1150 E Lantz St, Highland Park, MI, 48203

Grades KG-8

0.94 miles away

Nolan Elementary-Middle School

1150 E Lantz St, Highland Park, MI, 48203

Grades KG-8

0.94 miles away

Pershing High School

18875 Ryan Rd, Detroit, MI, 48234

Grades 9-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.