16801 LOG CABIN Street

About this home

Vacant Land located in the highly desired Martin Park neighborhood. Lot size is 29 ft x 100 x 29 ft x 99 ft. Addresses included in subject listing are: 16815, 16801, 16825, 16809, 16821. Total price is $25,000. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that 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 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 abatement on the purchase and development financing.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

Property taxes for a new owner

A buyer who lives here would pay about $160 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.22 mills for Highland Park City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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