7169 Holmes Street, Detroit, Michigan 48210

$45,000

Property Details

MLS#: 20251038896
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,026
Price per Sqft: $44
Lot Size: 0.07 acres
Year Built: 1923
Property Type: Residential
Status: Active
Days on Market: 345

Market Analysis

Estimated Value (CMA): $65,664
Area Avg Price/Sqft: $67
This Property: $44/sqft ($23 below area average)
Price Position: -35.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

This 3-bed, 1-bath property, located in Claytown, is government-owned and included in the Detroit Land Bank Authority (DLBA) program. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the 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 7169 Holmes Street?

7169 Holmes Street is listed at $45,000, or $44 per square foot.

How many bedrooms does 7169 Holmes Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,026 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) 484-4696

Email: info@sonicrealty.com

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