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In celebration of Veterans Day, the Detroit Land Bank Authority is excited to announce a new Veterans Discount Program allowing eligible U.S. Veterans to receive a 50% discount on select Auction Properties. For specific details please view the Veteran Discount Purchaser information online by selecting Discountsunder the Resources tab.
Built in 1915, this stately brick home offers a great deal of potential. With just over 4,900 square feet of living space, the property features:
Arched entryways
Spacious kitchen
Cove ceilings
Fireplace
Sun porch
Large bathrooms
Spacious backyard
The property is located in the beautiful and historic Boston-Edison neighborhood and offers convenient access to a range of amenities, including:
The M-10 expressway
Henry Ford Hospital
Restaurants and cafes of New Center
Gordon Park
The future terminus of the M-1 rail
This property is in the local Boston-Edison Historic District. Purchasers will need to obtain Detroit Historic District Commission approval for all major exterior improvements.
Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Pre-Sale Inspection Report for more detail. Please also note that the purchaser will be responsible for paying real property taxes assessed against the Property from July 1, 2014 and all future years.
Finally, please note that any discounts on the purchase (i.e. the city employee discount); will be granted at the time of closing on the sale. The purchaser will be charged $1,000.00 upon winning the bid, regardless of any discounts.
Please note that the rehab cost will often cost more than the winning bid price. Failure to bring a property up to code within 6 months will result in forfeiture of property (9 months for historic properties). Auction dates are subject to change. Check the site regularly to be aware of any schedule changes.
Public Notice
PROPERTY OWNED BY THE DETROIT LAND BANK IS NOT OPEN TO THE PUBLIC. ACCESS TO OR ENTRANCE UPON SUCH PROPERTY WITHOUT THE WRITTEN CONSENT OF THE DETROIT LAND BANK AUTHORITY CONSTITUTES TRESPASS, AND IS A VIOLATION OF MICHIGAN LAW. TRESPASSERS MAY BE SUBJECT TO CIVIL AND CRIMINAL PENALTIES.