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About This Home
This 2-bedroom, 1-bathroom single family at 14995 Maddelein Street in Detroit, MI is listed for $10,500 ($18 per sqft). Built in 1920, the home offers 580 sqft of living space on a 0.09 acres lot.
Welcome to the latest offering from the Detroit Land Bank authority. This 2 bedroom frame home sits on a fairly large lot located in the Regent Park community. This home needs a bit of TLC, but with the right touches it can be a good starter home or investment property.
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 1920
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$56/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14995 Maddelein Street
Detroit, MI 48205
Gratiot American Park
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 1-bathroom single family at 14995 Maddelein Street is listed at $10,500 ($18/sqft). The estimated monthly payment is $46 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.09 acre lot.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
