1695 Monterey Street, Detroit, Michigan 48206

$15,000

Property Details

MLS#: 20261013268
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,772
Price per Sqft: $8
Lot Size: 0.16 acres
Year Built: 1916
Property Type: Residential
Status: Active
Days on Market: 163

Market Analysis

Estimated Value (CMA): $187,832
Area Avg Price/Sqft: $89
This Property: $8/sqft ($81 below area average)
Price Position: -90.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

Development opportunity in up and coming area with lots of revitalization happening. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Room sizes are estimates. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA 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 1695 Monterey Street?

1695 Monterey Street is listed at $15,000, or $8 per square foot.

How many bedrooms does 1695 Monterey Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,772 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

Similar Homes for Sale in Detroit

11701 Winthrop Street, Detroit — $15,000 · 2bd · 1ba · 1,032sqft
12641 Kelly Road, Detroit — $15,000 · 2bd · 1ba · 840sqft
5042 Pennsylvania Street, Detroit — $15,000 · 2bd · 1ba · 1,353sqft
7360 Georgia Street, Detroit — $15,000 · 2ba · 1,920sqft
1956 Monterey Street, Detroit — $15,000 · 3bd · 1ba · 876sqft
11741 Whithorn Street, Detroit — $15,000 · 2bd · 1ba · 672sqft
11718 Sanford Street, Detroit — $15,000 · 3bd · 1ba · 867sqft
15334 Roselawn Street, Detroit — $15,000 · 3bd · 1ba · 1,000sqft