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48208 Market info

$50,000

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  • 0.07 Acres
  • MLS# 20230006601
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248-304-6700

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248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
This vacant lot is bundled with 3984,3990,3996,and 4002 16th. A total of 5 lots. Not sold separately. Totaling= 16,663 sqft. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 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.

Property Information

Status
Active 
Address
3978 16th Street 
City
Detroit 
Zip
48208 
Lot Size
0.07 
Lot Dimensions:
30.00 x 107.00 
Zoning
Residential
Water
Public (Municipal) 
Listing Date
01/27/2023 
Subdivision
Sub Of Pc 44 (also Pg 3) (deeds) 
County
Wayne 

School Information

School District
Detroit 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20230006601 Active Jan 27 2023 6:05PM $50,000 455
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Rch Brokerage Legacy Inc
(248) 440-2268
Office Address 21411 Civic Center Dr Ste 2200

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Our Michigan real estate agents can answer all of your questions about 3978 16th Street, Detroit MI 48208. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Detroit, Michigan real estate market. To sell or buy a home in Detroit, Michigan, contact our real estate agents as we know the Detroit, Michigan real estate market better than anyone with over 100 years of experience in Detroit, Michigan real estate for sale.

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3978 16th Street Detroit
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$50,000
For Sale • Acres: 0.07 • School District: Detroit