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About This Home
This 2-bedroom, 1-bathroom single family at 14390 LAPPIN Street in Detroit, MI is listed for $20,000 ($19 per sqft). Built in 1933, the home offers 1,047 sqft of living space on a 0.10 acres lot.
Welcome to the latest offering from the Detroit Land Bank Authority. 2 bedroom frame ranch in a mostly brick neighborhood. Home needs a ton of work, but it is being sold as part of a bundle so you get 3 for the price of 1. Sale also includes 14531 and 14578 Lappin all for the price listed above.
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.
Key Features
- Built in 1933
- 0.10 acre lot
Property Details
Monthly Cost Estimate
$107/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14390 LAPPIN Street
Detroit, MI 48205
GRATIOT AMERICAN PARK
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 1-bathroom single family at 14390 LAPPIN Street is listed at $20,000 ($19/sqft). The estimated monthly payment is $87 based on 20% down at 6.5% interest.
Key features include: Built in 1933, 0.10 acre lot.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
