Own it Now Property Details
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- 14818 Fairmount Dr, Detroit, MI 48205
- District: 3
- Area: 672Sq. Ft
- Year Built: 1950
- Water Line Cut: Unknown
- 2 Beds
- 1 Baths
Neighborhood: Regent Park
Built in 1950, this charming house could make a lovely home for a variety of potential buyers. With close to 700 square feet of living space, the property features include:
- Basement
- Spacious rear yard
Located within the Regent Park neighborhood, purchasers will enjoy many area amenities, such as:
- Edmore Marbud Park
- Dining and retail along Gratiot and 8 Mile Rd.
- Heilmann Recreation Center
Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Inspection/Condition Report for more detail. Please also note that at closing the purchaser will be responsible for paying all properly-assessed property taxes not otherwise exempt pursuant to the statutory authority of the Detroit Land Bank.
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.
The program requires purchasers to rehab the house and have it occupied, or demolished, in accordance with city code within 6-9 months of closing. With each purchase and rehab directly impacting the neighborhood around it, Own It Now offers purchasers the chance to take back Detroit’s vacant properties and return it to productive use.
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.