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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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16808 Mendota St , Detroit, MI 48221
$55,000
Est. Payment: $122.22/mo
3 Bed
1 Bath
1315 Sqft
Status: Active | Days on site: 45
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350553 - 306589
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House Description

Calling all investors. This property is zoned R1 and is located in Detroit's Fitzgerald/ Marygrove neighborhood. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please 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. BATVAI. See attached documents for DLBA requirements and offer submission information.

Highlights

Listed by Leonard A Pickett , 313-510-7887 RCH Brokerage Legacy Inc , 248-440-2268.

Property Type

Residential

Lot/Acreage
0.1

Year Built

1941

County

Wayne

School District

Detroit

Listing ID

20261059599

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$122
Taxes
$198

Home Price

$55,000

Loan Details

30 yrs
%

Down Payment

20%
$11,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$122.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $122.22 $198.42 $0.00 $320.64
Yearly $1,466.67 $2,381.00 $0.00 $3,847.67
Total $44,000.00 $71,430.00 $0.00 $115,430.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.