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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.
Charming brick Bungalow-style home has nearly 1,000 square feet of living space. This is a great opportunity for investment income or starter home. The home was built in 1936. The features of this home entails:
3 Bedrooms/ 1 Bath
Lovely Fireplace
Spacious Basement
Located in the attractive Barton-McFarland neighborhood, this home is in close proximity to a number of amenities such as:
Retail and dining options along Wyoming, Joy and Chicago
Access to I-96 and I-94 Freeways
Nearby a variety of parks and grassy areas, including Hammerberg Playfield
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
