19416 Lamont Street, Detroit, Michigan 48234

$15,500

Great Deal - This property is priced $36,685 below comparable homes in the area.

Property Details

MLS#: 20251060724
Bedrooms: 3
Bathrooms: 1.5
Square Feet: 1,065
Price per Sqft: $15
Lot Size: 0.09 acres
Year Built: 1947
Property Type: Residential
Status: Active
Days on Market: 62

Market Analysis

Estimated Value (CMA): $52,185
Area Avg Price/Sqft: $49
This Property: $15/sqft ($34 below area average)
Price Position: -69.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

Perfect for investors. DLBA-owned 3-bedroom, 1.5-bath residential property located in the Farwell neighborhood. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). The DLBA recommends reviewing all applicable Neighborhood Framework Plans through the City of Detroit Planning and Development Department for additional neighborhood context. DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to review of development pro forma and financing.

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 19416 Lamont Street?

19416 Lamont Street is listed at $15,500, or $15 per square foot.

How many bedrooms does 19416 Lamont Street have?

This property has 3 bedrooms and 1.5 bathrooms, with 1,065 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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