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Leonard A Pickett III · RCH Brokerage Legacy Inc

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Buy landat 14253 FORDHAM Street, Detroit, MI 48205

$17,000

$0/mo

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Land

0 Sq. Ft. lot

145 Days on market

20240040710 MLS ID

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About 14253 FORDHAM Street land

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.
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.

Property details

Special listing conditions

Real Estate Owned

Monthly cost

Estimated monthly cost

$119/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$15,980

+$510

$16,490

Seller agent commission$510 (3%)*

$0 (0%)

Buyer agent commission$510 (3%)*

$510 (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: Sep 3, 2024 at 4:01 p.m.

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