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16561 MONICA Street Detroit, MI 48221 2967
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Key Details
Sold Price $22,400
Property Type Single Family Home
Sub Type Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 704 sqft
Price per Sqft $31
Subdivision Addison Heights (Plats)
MLS Listing ID 60152814
Sold Date 08/29/23
Style 1 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 704
Year Built 1924
Annual Tax Amount $606
Lot Dimensions 35X111
Property Description
Calling all investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Garage Detached Garage
Garage Spaces 2.0
Waterfront No
Garage Yes
Building
Story 1 Story
Foundation Basement
Water Public Water
Architectural Style Bungalow
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Government Owned
Assessment Amount $240
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with The Agency Hall & Hunter
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