14531 LAPPIN Street, Detroit, Michigan 48205

$20,000

Great Deal - This property is priced $44,900 below comparable homes in the area.

Property Details

MLS#: 20240079179
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,180
Price per Sqft: $17
Lot Size: 0.1 acres
Year Built: 1926
Property Type: Residential
Status: Active
Days on Market: 491

Market Analysis

Estimated Value (CMA): $64,900
Area Avg Price/Sqft: $55
This Property: $17/sqft ($38 below area average)
Price Position: -69.0% vs comparable homes
Comparable Properties Analyzed: 6

Description

Welcome to the latest offering from the Detroit Land Bank Authority. 3 Bedroom frame colonial in need of a total rehab offered in a 3 home package for one price all on the same street. Sale includes 14390 and 14578 Lappin as well. 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

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 14531 LAPPIN Street?

14531 LAPPIN Street is listed at $20,000, or $17 per square foot.

How many bedrooms does 14531 LAPPIN Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,180 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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