This property is within walking distance to the Q-Line and New Center Area. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. 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. Please see attached documents for DLBA requirements and offer submission information.
General Information
Sale Price: $9,900
Price/SqFt:
Status: Active
MLS#: rcomi20221031973
City: detroit
Post Office: grosse pointe farms
Schools: grosse pointe
County: Wayne
Subdivision: lothrop estate co mt vernon sub
Acres: 0.08
Lot Dimensions: 50.00 x 105.00
Size:
Acreage: 0.08 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $1,860 Est. Winter Taxes: $1,653
Legal Description: FMZT22 LOT 22 LOTHROP ESTATE COMPANYS MT VERNON SUBN PC 231 L68 P33 WCR
