About This Home
This 3-bedroom, 1-bathroom single family at 14531 LAPPIN Street in Detroit, MI is listed for $20,000 ($17 per sqft). Built in 1926, the home offers 1,180 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1926
- 0.10 acre lot
- 2 stories
Property Details
Welcome to the latest offering from the Detroit Land Bank Authority. 3 Bedroom frame colonial in need of a total rehab offered in a 3 home package for one price all on the same street. Sale includes 14390 and 14578 Lappin as well. 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
Monthly Cost Estimate
$107/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14531 LAPPIN Street
Detroit, MI 48205
GRATIOT AMERICAN PARK
Property Details
Construction
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 14531 LAPPIN Street is listed at $20,000 ($17/sqft). The estimated monthly payment is $107 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1926, 0.10 acre lot, 2 stories.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700.
