514 Mount Vernon St, Detroit, MI 48202
- $30,000
- 3
- BD
- 2
- BA
- 1,348
- SqFt
- Sold Price
- $30,000
- List Price
- $45,000
- Closing Date
- Feb 05, 2025
- MLS#
- 20230099099
- Status
- CLOSED
- Bedrooms
- 3
- Bathrooms
- 2
- Total Square Footage
- 1,348
- Subdivision
- KOCHS SUB (PLATS)
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab, but there are excellent opportunities available with this property. 506 mt vernon is also included in the sale. 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
Additional Information
- Year Built
- 1910
- Basement Type
- Unfinished
- Foundation
- Basement, Block
- Acres
- 0.08
- Style
- Bungalow
- Acres
- 0.08
- School District
- Detroit
- Heating
- Hot Water, Natural Gas
- Garage Description
- None
Mortgage Calculator
Courtesy of Real Estate One-Southfield 2487230055
Selling Office: O'Connor Realty Detroit, LLC.
IDX provided courtesy of Realcomp II Ltd., via Real Estate Company and . Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.