• Asking Price $4,500
  • Estimated Value: $70,255
  • HOT 16164 MONICA ST DETROIT, MI 48221

  • 2 Beds 1 Bath 801 SqFt
  • Single Family Home / Resale (MLS)

Property Details for 16164 MONICA ST, DETROIT, MI 48221

Features

  • Price/sqft: $5
  • Lot Size: 0.09 acres
  • Total Rooms: 4
  • Room List: Bedroom 1, Bedroom 2, Basement, Bathroom 1
  • Stories: 1
  • Heating: Forced Air Heating
  • Exterior Walls: Wood Siding

Facts

  • Year Built: 01/01/1926
  • Property ID: 775070846
  • MLS Number: 20221046759
  • Parcel Number: 16021227.
  • Property Type: Single Family Home
  • County: Wayne
  • Listing Status: Active

Pre-Foreclosure Info

  • Recording Date: 05/16/2008
  • Recording Year: 2008

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Welcome to the latest offering from the Detroit Land Bank Authority. 2 bedroom frame home just ready for your renovation touches. Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. 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. Please refer to DLBA proposal guidelines

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Bargain Price Bargain Buy - Save Over 20% The Asking Price for this home is at least 20% below the Estimated Value. Buying a home at a price below the market value can save thousands of dollars and create wealth in home equity faster.

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Property Brokerage: Real Estate One 26261 Evergreen Road Ste 180 Southfield MI 48076
Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.