5776 Lakeview Street, Detroit, Michigan 48213

$12,500

Great Deal - This property is priced $44,656 below comparable homes in the area.

Property Details

MLS#: 20261002353
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,299
Price per Sqft: $10
Lot Size: 0.09 acres
Year Built: 1927
Property Type: Residential
Status: Active
Days on Market: 139

Market Analysis

Estimated Value (CMA): $57,156
Area Avg Price/Sqft: $44
This Property: $10/sqft ($34 below area average)
Price Position: -77.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

Welcome to the latest offering from the Detroit Land Bank Authority. This 3 bedroom brick colonial is being offered in the historic Chandler Park community. This home needs a full rehab but once complete will make a very good investment. Be advised that this home also includes vacant lots located at 5782 and 5790 Lakeview for an additional 8000 sqft. of buildable space. 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 5776 Lakeview Street?

5776 Lakeview Street is listed at $12,500, or $10 per square foot.

How many bedrooms does 5776 Lakeview Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,299 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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