314 MOUNT VERNON Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48236
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lothrop Estate Co Mt Vernon Sub
MLS Listing ID 20221031973
Annual Tax Amount $3,513
Lot Size 3,484 Sqft
Property Description
This property is within walking distance to the Q-Line and New Center Area. 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. 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. Please see attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Grosse Pointe Farms
Zoning Residential
Exterior
Waterfront no
Building
Sewer Sewer at Street
Water Public (Municipal)
Schools
School District Grosse Pointe
Others
Acceptable Financing Cash
Listing Terms Cash