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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 1950, this brick Colonial-style home is well-situated directly across the street from Marygrove College. WIth nearly 1,500 square feet of living space, the home also features:
Nice backyard
Many windows creating a bright interior
Eat-in kitchen
Large fireplace
Built-in office space
1st floor ½ bath
Intact bathroom with original bathtub and tile
Located on a pleasant block in Detroit’s Marygrove neighborhood, the property benefits from its close proximity to a number of amenities, including:
Marygrove College
Newly-constructed Mumford High School
University of Detroit, Mercy
The shopping and dining options of the resurgent Livernois Corridor.
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
