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537 JEFFERSON CT DETROIT, MI 48207
- Vacant Land / Resale (MLS)
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Property Details for 537 JEFFERSON CT, DETROIT, MI 48207
Features
- Lot Size: 871 sq. ft.
- Heating: 4
Facts
- Property ID: 897424692
- MLS Number: 20240044863
- Parcel Number: 15013440.001
- Property Type: Vacant Land
- County: WAYNE
- Legal Description: W JEFFERSON CT N 19.25 FT OF S 23 FT 4 SCULLENS SUB L25 P28 PLATS, W C R 15/11 19.25 X 47.25
- Zoning: SD4
- Listing Status: Active
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. Over 12,000 sqft. of vacant land perfect for your new development ideas. Located in the Islandview subdivison. Total property consists of 7 total lots and is designated SD4. Sale includes: 499, 527, 535,521,505, and 515 Jefferson ct. 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 Detroits Planning and Development Department for additional context about the neighborhood.nnPlease 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
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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.
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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