Great opportunity for experienced investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. 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 financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Pending
$10,000
8773 Petoskey Ave, Detroit, MI 48204
8beds
3,584sqft
Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$3/sqft
$-- HOA
What's special
- 1266 days |
- 33 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Leonard A Pickett III 248-440-2268,
RCH Brokerage Legacy Inc 248-440-2268,
Clarence R Wilson 248-440-2268,
RCH Brokerage Legacy Inc
Source: Realcomp II,MLS#: 20221067394
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 3,584 sqft
- Finished area above ground: 3,584
Property
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 3,920 Square Feet
- Dimensions: 40.00 x 100.00
Details
- Parcel number: W14I007114S
- Zoning description: Residential
- Special conditions: Government Owned,Short Sale No
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Poured
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: LAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS)
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $3/sqft
- Tax assessed value: $25,010
- Annual tax amount: $1,251
- Date on market: 12/15/2022
- Cumulative days on market: 1266 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
$1,282/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Pending sale | $10,000$3/sqft |
Source:  Realcomp II #20221067394 Report a problem | ||
| 12/12/2024 | Listed for sale | $10,000$3/sqft |
Source: Realcomp II #20221067394 Report a problem | ||
| 1/16/2024 | Listing removed | -- |
Source: Realcomp II #20221067394 Report a problem | ||
| 12/4/2023 | Listed for sale | $10,000$3/sqft |
Source: Realcomp II #20221067394 Report a problem | ||
| 4/11/2023 | Listing removed | -- |
Source: Realcomp II #20221067394 Report a problem | ||
| 12/15/2022 | Listed for sale | $10,000+900%$3/sqft |
Source: Realcomp II #20221067394 Report a problem | ||
| 11/16/2020 | Listing removed | $1,000 |
Source: Detroit Land Bank Authority Report a problem | ||
| 10/19/2020 | Listed for sale | $1,000 |
Source: Detroit Land Bank Authority Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | -- |
| 2024 | -- | -- |
| 2023 | -- | -- |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | -- |
| 2017 | -- | -- |
| 2016 | $1,511 | -- |
| 2015 | $1,511 +20.8% | -- |
| 2013 | $1,251 -17.2% | $12,505 -30.2% |
| 2010 | $1,511 | $17,917 -12% |
| 2009 | -- | $20,360 -10.5% |
| 2008 | -- | $22,749 |
| 2007 | -- | $22,749 +5.5% |
| 2005 | $159 | $21,563 +3% |
| 2004 | -- | $20,935 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Petosky-Otsego
Nearby schools
GreatSchools rating
- 4/10Thirkell Elementary SchoolGrades: PK-8Distance: 1.3 mi
- 4/10Northwestern High SchoolGrades: 9-12Distance: 1.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
