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Jim Blehm

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

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8601 Chalfonte St , Detroit, MI 48238
$16,000
Est. Payment: $35.56/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 134
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376211 - 297897
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House Description

DLBA-owned vacant land located in the Chalfonte neighborhood and offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This parcel must be sold together with 8611 Chalfonte St for a total purchase price of $16,000. No separate sales. Assemblage subject to DLBA and City of Detroit approval.Property presents an opportunity for infill development consistent with neighborhood revitalization goals. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD).To be considered, buyer must submit a complete DLBA proposal package including: project proposal describing intended use and timeline, proof of funds (bank statement or lender letter), site plan or concept drawing, and proof of prior similar projects (addresses and photos).Sale is contingent upon execution of a DLBA Development Agreement. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to DLBA review of development pro forma and financing.Interested buyers should contact the listing broker for the application link and submission instructions.

Highlights

Listed by Adam Hage , 313-598-2566 Atlas Properties Inc , 313-598-2566.

Property Type

Vacant Land

Lot/Acreage
0.1

County

Wayne

School District

Detroit

Listing ID

20251060549

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Principal Interest
$36
Taxes
$10

Home Price

$16,000

Loan Details

30 yrs
%

Down Payment

20%
$3,200
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:
$35.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $35.56 $10.20 $0.00 $45.76
Yearly $426.67 $122.40 $0.00 $549.07
Total $12,800.00 $3,672.00 $0.00 $16,472.00

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.