• 4343 Waverly, Detroit, MI 48238
• District: 7
• Area: 2046^{Sq. Ft}
• Year Built: 1925
• Water Line Cut: Yes
• 4 Beds
• 2 Baths

Neighborhood: Russell Woods

Built in 1925, this brick duplex could make a lovely home for a large family or as an investment property. With over 2,000 square feet of living space, the home features:

• Front porch
• Detached garage
• Fireplace

Located in the Russell Woods neighborhood, purchases will enjoy many area amenities, such as:

• Local Historic District, Russell Woods-Sullivan
• Russell Woods Park
• Dining and retail options along Livernois and Dexter Avenue
• Hope Academy

***The property is located in the local Russell Woods-Sullivan Historic District, and the purchaser will need to obtain approval from the Detroit Historic District Commission for changes affecting the exterior appearance of the property.

Please view the attached Historic District Guidelines for more information.

Purchasers will need to obtain Detroit Historic District Commission approval for all major exterior improvements. ***

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.  We strongly encourage all potential home buyers to view the property prior to purchase, either through an open house or a private showing.

According to the records of the Detroit Water & Sewerage Department, the water line from the street to the house has been cut.  The water line will need to be replaced.  The purchaser will be responsible for this repair, which can be very expensive.

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.  The fee for the attached Inspection/Condition Report is $295.00 and will need to be paid at closing.  

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.

An aerial image of the parcel for sale can be found at this link: