This vacant lot is bundled with 14245 and 14261 Fordham. A total of 3 lots. Not sold separately. Totaling= 11,119 sqft. Zoned R2. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. 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. Please see attached documents for DLBA requirements and offer submission information.
General Information
Sale Price: $17,000
Price/SqFt:
Status: Active
MLS#: rcomi20240040710
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: seymour & troesters montclair hgts no 2 (plats)
Acres: 0.09
Lot Dimensions: 36 x 103
Size:
Acreage: 0.09 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: N FORDHAM 1100 SEYMOUR & TROESTERS MONTCLAIR HEIGHTS SUB NO 2 L40 P74 PLATS, W C R 21/594 36 X 103
