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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.
Built in 1946, this brick Colonial Revival-style home contains a variety of amenities for purchasers. With 1,200 square feet of living space, the home also features:
Cove ceilings
Arched entryways
Wood floors
Many windows creating a bright interior
Intact kitchen
Bathroom with intact tile and fixtures
Located within the Cornerstone Village neighborhood, the home is close to many area amenities, including:
Recently-renovated Balduck Memorial Park
St. John Hospital and Medical Center
Dining and retail destinations on Mack Avenue and Cadieux
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 the purchaser will be responsible for paying real property taxes assessed against the Property from July 1, 2014 and all future years.
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
