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16561 Monica Street

Detroit, MI 48221
  • $4,500
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: 20221048969
UPDATED: 44 min ago
$4,500
  • 3
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 704
    SQFT
  • $6
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1924
County:
Lot Size Dimensions:
35X111

School Ratings & Info

School District:

Description

Calling all investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.

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IDX provided courtesy of Realcomp II Ltd. via National Realty Centers, Inc and Realcomp II Ltd.. © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than National Realty Centers, Inc are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-12-04T15:58:34.99.
www.micitysearch.com/homes/133811778
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16561 Monica Street Detroit, MI 48221

  • Price: $4,500
  • Status: Active
  • On Site: 54 Days
  • Updated: 44 min ago
  • ID#: 20221048969
3
Beds
1
Baths
0
½ Baths
N/A
Acres
704
SQFT
$6
$/SQFT
1924
Built
Neighborhood:
Addison Heights (Plats)
County:
Wayne
Area:
Det 6-tire - Grnfld - Livernois
School District:
DETROIT
Property Description
Calling all investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Exterior Features

Architecture Level 1 Story Architecture Style Bungalow Construction Materials Brick Entry Location Ground Level W/Steps Foundation Details Basement Foundation Materials Poured Garage Features Detached Garage Size 2 Car Garage YN Yes Lot Size Dimensions 35X111 Pool YN No Road Frontage Feet 35 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 1.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Room Count 8 Sq Ft Combined 704 Sq Ft Total Basement 704

Property Features

Assessment 240.00 Association Fee YN No Down Payment Resource YN Yes Existing Lease YN No Homestead YN No Land Contract YN No Listing Financing Cash Ownership Status Government OwnedShort Sale - No Possession At Close Postal City Detroit Protection Period 90 DAYS Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 557.0000 Tax Amount Winter 49.0000 Title Government - Owned Total Tax 606.0000 Transaction Type Sale Unparsed Address 16561 Monica Street Warranty No Water Source Public (Municipal)

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Rch Brokerage Legacy Inc: (248) 440-2268 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via National Realty Centers, Inc and Realcomp II Ltd.. © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than National Realty Centers, Inc are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-12-04T15:58:34.99.
 
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National Realty Centers, Inc
116 W Main St.
Northville MI, 48167