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Gene Kelley II · Real Estate One-Southfield

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Buy landat 18088 PELKEY Street, Detroit, MI 48205

$55,000

$0/mo

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Land

0 Sq. Ft. lot

685 Days on market

20221069880 MLS ID

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About 18088 PELKEY Street land

Welcome to the latest offering from the Detroit Land Bank Authority. 7 vacant lots on 2 streets ready for your developing ideas. Included in the sale are the following 18141, 18125 and 18131 Schoenherr and 18096, 18116 and 18100 Pelkey. 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.
Welcome to the latest offering from the Detroit Land Bank Authority. 7 vacant lots on 2 streets ready for your developing ideas. Included in the sale are the following 18141, 18125 and 18131 Schoenherr and 18096, 18116 and 18100 Pelkey. 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.

Property details

Special listing conditions

Real Estate Owned

Monthly cost

Estimated monthly cost

$386/mo

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

Sale and tax history

Sales history

Date

Sep 8, 2006

Price

$80,435

DatePrice
Sep 8, 2006$80,435

Schools

This home is within the Detroit Public Schools Community District.

Detroit 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$51,700

+$1,650

$53,350

Seller agent commission$1,650 (3%)*

$0 (0%)

Buyer agent commission$1,650 (3%)*

$1,650 (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: Jun 21, 2024 at 10:33 a.m.

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