$5,000 Sold
8690 faust avenue, detroit, MI 48228
Property Description
PROPERTY IS SOLD AS A BUNDLE OF 5 WITH 8608 GREENVIEW, 8664 BRACE, 8665 FAUST, AND 8682 FAUST (VACANT LOT)=$20,000.NOT SOLD SEPARATELY. A COMPLETE RESTORATION IS NEEDED. THE BUYER MUST INCLUDE PLANS FOR REHABBING THE HOME. THE DLBA 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 ABATEMENT THAT ARE OTHERWISE AVAILABLE TO THE SELECTED PURCHASER. DLBA WILL REVIEW REQUESTS TO WAIVE ITS TAX CAPTURE RIGHTS & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.BATVAI.PLEASE SEE ATTACHED DOCUMENTS FOR DLBA REQUIREMENTS AND OFFER SUBMISSION INFORMATION.
General Information
Sold Price: $5,000
Price/SqFt: $7
Status: Sold
Date Sold: 08/17/2022
MLS#: 2210095269
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: mondale park sub (plats)
Acres: 0.1
Lot Dimensions: 35.00X139.00
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 684 sq.ft.
Acreage: 0.1 est.
Year Built: 1943
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Paved Road: Paved
Garage: No Garage
Construction: Wood
Exterior: Wood
Garage: No Garage
Construction: Wood
Exterior: Wood
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Govt Ownership: HUD
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Govt Ownership: HUD
HOA fees: 0
Legal Description: E FAUST 361 W 9 FT OF VAC ALLEY ADJ MONDALE PARK SUB L49 P15 PLATS, W C R 22/261 35 X 139.18A
Legal Description: E FAUST 361 W 9 FT OF VAC ALLEY ADJ MONDALE PARK SUB L49 P15 PLATS, W C R 22/261 35 X 139.18A
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Leonard A Pickett III of RCH Brokerage Legacy Inc, Phone: (248) 440-2268
