Own it Now Property Details
- 4831 Ternes, Detroit, MI 48210
- District: 6
- Area: 1302Sq. Ft
- Year Built:
- Water Line Cut: No
- 0 Beds
- 0 Baths
Neighborhood: Claytown
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. You may visit the Wayne County Treasurer’s website by clicking here or call the Wayne County Treasurer at 313-224-5990 to learn if any back taxes are owed on the property.
The purchaser will also be responsible for paying all current year real property taxes, as well as property taxes in all future years. You may call the City of Detroit Treasury Department at 313-224-3560 to learn the amount of current year property taxes.
Purchasers should plan on making a substantial investment in the property in order to bring it up to code. 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.
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.
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.
The program requires purchasers to rehab the house and have it occupied, or demolished, in accordance with city code within 6-9 months of closing. With each purchase and rehab directly impacting the neighborhood around it, Own It Now offers purchasers the chance to take back Detroit’s vacant properties and return it to productive use.
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.