MLS # 20221069880 (Realcomp)

Welcome to the latest offering from the Detroit Land Bank Authority. 7 vacant lots on 2 streets ready for your developing ideas. Included in the sale are the following 18141, 18125 and 18131 Schoenherr and 18096, 18116 and 18100 Pelkey. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Source: SparkMLS
Asking $55,000.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
E PELKEY N 20 FT 20 S 20 FT 19 TROMBLEY PARK SUB L40 P93 PLATS, W C R 21/631 40 X 124.50
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Gene Kelley
Real Estate One-Southfield
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
18088 PELKEY Street, Detroit, MI 48205
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Neighborhood
Mt Olivet
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Community
Detroit
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County
Wayne County
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