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 Discounts under the Resources tab

 

Auction Property Details

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Neighborhood: Five Points

Built in 1926, this charming home has much to offer potential buyers. With over 1,300 square feet of living space, the property includes many desirable features, such as:

  • Front porch
  • Fireplace
  • Cove ceiling
  • Basement

Located within the Five Points neighborhood, this home enjoys proximity to local amenities, such as:

  • Retail and dining options along Grand River, Seven Mile, Eight Mile and Telegraph Rd.
  • Fargo-Fenton Playground
  • Charles Wright Academy of Arts and Science

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.

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