Residential Land in Detroit,
4206 VERMONT, Detroit, MI 48208
- Added:
- Jan 24, 2024
- Days on Market:
- 848
- Last Refresh:
- May 21 at 11:06 pm
Property Features for 4206 VERMONT
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- W08I008392S
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- E VERMONT 58 WOODRUFFS SUB L2 P32 PLATS, WCR 8/50 80.4 IRREG
Utilities
- Water source
- Public
Listing agent Leonard A Pickett III License #6501306589 (248) 440-2268
Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI (248) 440-2268
Listing date Jan 24, 2024
MLS# 20240004708
Listing URL
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HighLights
- Bundled with 4134 and 4144 Vermont (65K - not sold separately).
- Designed to complement the community.
- Aims to provide diverse residential stock and density at various price points and ownership types.
- Supports opportunities for neighborhood commercial investments and job creation.
- Public water source.
- DLBA tax capture for 5 years post‑transfer (subject to review and potential payment in lieu of taxes).
Overview
This residential land is bundled with properties at 4134 and 4144 Vermont, offered at a combined price. It is not sold separately. Development on this land should define space in a meaningful way and complement the community. The building design should provide a diverse residential stock and density at a variety of price points and ownership types, including rental and owner-occupied housing. Housing types should also vary. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of ownership of the property. This tax capture may be incompatible with tax abatements otherwise available to the purchaser. The 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 the effect of any tax abatement on the purchase and development financing. Additional DLBA requirements and offer submission information are available in the attached documents. The lot size is 0.06 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.080781
- Latitude
- 42.344712
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Land available in Detroit, bundled with other properties.
Where is this residential land & home lot located?
The property is located at 4206 VERMONT Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Bundled with 4134 and 4144 Vermont (65K - not sold separately).; Designed to complement the community.; Aims to provide diverse residential stock and density at various price points and ownership types.
