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Leonard A Pickett III · RCH Brokerage Legacy Inc

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Buy landat 14405 MANNING Street, Detroit, MI 48205

$45,000

$0/mo

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Land

0 Sq. Ft. lot

531 Days on market

20230006882 MLS ID

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About 14405 MANNING Street land

This vacant lot is bundled with14443,14411,14439,14433,14425, and 14417 Manning. A total of 7 lots. Not sold separately. Totaling=29,499 sqft. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 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.
This vacant lot is bundled with14443,14411,14439,14433,14425, and 14417 Manning. A total of 7 lots. Not sold separately. Totaling=29,499 sqft. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 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.

Property details

Special listing conditions

Real Estate Owned

Monthly cost

Estimated monthly cost

$316/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Schools

This home is within the Detroit Public Schools Community District.

Detroit & Eastpointe enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$42,300

+$1,350

$43,650

Seller agent commission$1,350 (3%)*

$0 (0%)

Buyer agent commission$1,350 (3%)*

$1,350 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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Unreal Estate checked: Sep 10, 2024 at 1:33 p.m.

Data updated: Jan 16, 2024 at 8:23 p.m.

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