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About This Home
This 2-bedroom, 1-bathroom single family at 4880 Lodewyck Street in Detroit, MI is listed for $8,500 ($12 per sqft). Built in 1925, the home offers 729 sqft of living space on a 0.11 acres lot.
Welcome to the latest offering from the Detroit Land Bank Authority. This 2 bedroom ranch sits on an irregular lot. Located in the up and coming Cornerstone Village subdivision. This home requires a full rehab so bring your plans and your design ideas.
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 1925
- 0.11 acre lot
Property Details
Monthly Cost Estimate
$45/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4880 Lodewyck Street
Detroit, MI 48224
Harris Mary L 1
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 1-bathroom single family at 4880 Lodewyck Street is listed at $8,500 ($12/sqft). The estimated monthly payment is $37 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.11 acre lot.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
