3215 SHERBOURNE RoadDetroit, MI 48221
$35,000
Listing courtesy of Real Estate One-Southfield
About
This Home
Welcome to the latest offering from the Detroit land Bank Authority, Single vacant lot located in Historic Sherwood Forest. The DLBA is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walk ability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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
Details
- Property Type
- Land
- Style
- Unimproved Land
- Lot Size
- 0.23 acres
- Garage Spaces
- 0
- Heating
- None
- Cooling
- None
- MLS #
- 20261082064
About Detroit
Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.
Gallery
Listing courtesy of Real Estate One-Southfield. MLS # 20261082064. Information is deemed reliable but not guaranteed and should be independently verified.
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