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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.
Great Opportunity and Great Potential! This home was built in 1916 and is an American Four Square-style home will appeal to many buyers. With over 5,000 square feet of living space, purchasers will enjoy the amenities of this home, such as:
Spacious Yard
Fireplace
Harwood Floors
Large Basement
Located within the LaSalle Gardens neighborhood, purchasers will enjoy proximity to local amenities, such as:
LaSalle and Bishop Parks
Retail and Dining options along Grand Boulevard and Grand River
New Center
Henry Ford Hospital
Motown Museum
Easy access to I-96, I-94, and the Lodge Freeways
Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached 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.
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.
Auction
