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514 MOUNT VERNON Street Detroit, MI 48202
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Key Details
Sold Price $30,000
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,348 sqft
Price per Sqft $22
Subdivision Kochs Sub (Plats)
MLS Listing ID 20230099099
Sold Date 02/05/25
Style Bungalow
Bedrooms 3
Full Baths 2
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1910
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 110.00
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab, but there are excellent opportunities available with this property. 506 mt vernon is also included in the sale. 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/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
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Direction Woodward south to Mt Vernon go east
Rooms
Basement Unfinished
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Garage Description No Garage
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Warranty No
Level or Stories 1 Story
Structure Type Asbestos
Schools
School District Detroit
Others
Tax ID W03I002082S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash, Quit Claims Deed
Listing Terms Cash, Quit Claims Deed
Financing Cash,Quit Claims Deed
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Bought with O'Connor Realty Detroit, LLC