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

  • 733ee57cca0549d8.jpg?t=1471320432 Auction

Neighborhood: Springwells

Built in 1919, this charming two-story home has much to offer potential buyers. With over 1,300 square feet of living space, the home contains many desirable characteristics, including:

  • Large front porch
  • Original wood trim throughout
  • Intact bathroom
  • Sun porch

Located on a solid block in the walkable neighborhood of Springwells, in Southwest Detroit, this property is well-situated near many area amenities such as:

  • Patton Park, a premier park featuring an indoor pool, gym, play fields, and youth & adult programming
  • Many local schools
  • Retail & dining options along W. Vernor and Springwells such as Sheila's Bakery, Nuestra Familia, and El Asador
  • Easy access to I-75 expressway

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 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.

 

Properties purchased between November 1st, 2015 and March 1st, 2016 will receive an automatic 90-day extension. In other words, purchasers will have 9 months to rehabilitate the property, or 12 months for properties located within an historic district.

 

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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