Own it Now Property Details

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Neighborhood: Greenfield

This property will be available to view in advance of its sale date on July 13, 2020. To schedule an appointment, please click the "Request Property Viewing" button in the upper right section of this listing.

The Detroit Land Bank will issue a Quit Claim Deed at closing, which transfers its interest in the property. The purchaser will be responsible for any delinquent taxes, water bills, or liens on the property. To learn if any back taxes are owed on the property, please call both the City Assessor's Office at 313-224-3560 and visit the Wayne County Treasurer’s website by clicking here (or you may call the Wayne County Treasurer at 313-224-5990). The purchaser will also be responsible for paying all current year real property taxes, as well as property taxes in all future years.

This property has been pre-screened and determined to have clean title. Purchasers of this home will close with a title company and be offered Title Insurance. Title Insurance helps protect ownership rights and may benefit those seeking financing on the home.

The Detroit Land Bank Authority does not have knowledge as to the status of the water service line on this property. If the water service has been disconnected, the DLBA is unaware of how the water service has been disconnected or where any cuts or other damage to the water service line are located. The cost to reconnect a water service line can exceed $10,000, and any purchaser will be required to reconnect the water service line at their own expense as part of the purchase requirement to rehabilitate the property.

Please note that any discounts on the purchase (e.g. 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.  In addition to paying the remaining sale price on your property, you should be prepared to pay the following estimated closing costs:

Closing/Title fees: $450

Recording fee: $30

Tax certification fee: $25

Title Insurance: Starting at $322.25

Note: These are only estimates and are subject to change. If you are obtaining financing from a lender you should anticipate closing costs from your lender. You will receive an itemized invoice at your closing.

Purchasers are required to schedule a Pre-Sale Inspection by the City of Detroit Building Safety, Engineering, and Environmental Department (BSEED) within 14 days after closing on the sale.  The fee is $295 for a 1-unit dwelling or $355 for a 2-unit dwelling.

Note: This property is sold “AS IS, WHERE IS, WITH ALL FAULTS”. The Detroit Land Bank makes no warranty or representation, express or implied, or arising by operation of law, including, but not limited to, any warranty of condition, habitability, merchantability or fitness for a particular purpose, with respect to the physical condition or status of the title to this property.

An aerial image of the parcel for sale can be found at this link: https://cityofdetroit.github.io/parcel-viewer/22071476./

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