514 MOUNT VERNON Street Detroit, MI ^$ 45,000

514 MOUNT VERNON Street

^$ 45,000

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514 MOUNT VERNON Street

Detroit, MI, 48202

^$ 45,000

Bedrooms3 Baths2.0 Sq 1,348

Monthly Estimate*

^$ 299

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Single Family Home for sale in Detroit, MI

for $45,000 with 3 bedrooms and 2 full baths. This 1,348 square foot home was built in 1910 on a lot size of 0.08.

Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab, but there are excellent opportunities available with this property. 506 mt vernon is also included in the sale. 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

Single Family Active

Price

^$ 45,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.08

Year Built

1910

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60276602

Features

General

Heating Hot Water

Kitchen Level Entry

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1910

Subdivision KOCHS SUB (PLATS) MI

Style Bungalow

County Wayne

Class RESIDENTIAL

Type Single Family

Percent Ownership Government Owned

Municipality Detroit

Structure Style 1 Story

Area Detroit (82001)

Primary City Detroit

Directions Woodward south to Mt Vernon go east

City Detroit

School District Detroit City School District

Street Name MOUNT VERNON

Financial Terms Cash

Legal Description S MT VERNON 49 KOCHS L8 P14 PLATS W C R 3/95 30 X 110

DOM 168

Postal Code 48202

Price Per Sq Ft Total 33.38

Coming Soon Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab

Interior

Dining Room Level Entry

Basement Unfinished

Beds 3

Fireplace? No

Total Rooms 9

Exterior

Exterior Asbestos

Frontage 20

Lot Size Area 0.08

Pool (Y/N) No

Lot Dimensions 30.00 x 110.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Gene Kelley

Listing Agent

Real Estate One-Southfield

Broker

kelleygroup17@gmail.com

Affordability Calculator

$299

Per Month

Monthly Principal & Interest: $299
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Detroit, MI

Average List Price ^$114,198

Percent of Sale Price 154%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/7/2023	$45,000		Listed Price

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514 MOUNT VERNON Street, Detroit, MI, 48202 is a Single Family Home for sale at $45,000 with 1,348 sqft and a lot size of 0.08. 514 MOUNT VERNON Street has 3 bedrooms, 2.0 baths, and was built in 1910. The property's zip code is 48202 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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514 MOUNT VERNON Street

Single Family Home for sale in Detroit, MI

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