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$ 45,000
Est. payment /mo
Active
7169 Holmes ST Detroit, MI 48210
3 Beds
1 Bath
1,026 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,026 sqft
Price per Sqft $43
Subdivision William L Holmes & Frank A Vernors Sub
MLS Listing ID 20251038896
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1923
Property Sub-Type SingleFamilyResidence
Property Description
This 3-bed, 1-bath property, located in Claytown, is government-owned and included in the Detroit Land Bank Authority (DLBA) program. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Rooms
Basement Unfinished
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features NoGarage
Pool None
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
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