3829 BENNETT Street

About this home

Exceptional opportunity to acquire a city-owned, residential-zoned (A) lot set within an established neighborhood close to essential amenities. Perfect for single-family housing development, this property is offered as a cash-only, "as-is" sale with a requirement that the successful bidder commence construction within 24 months of closing and close within 90 days of the effective purchase date. To ensure development progress, buyers are limited to purchasing up to two (2) city lots until a record of timeline compliance is established with the city. Per city policy, the property will remain on the market for a minimum of two weeks prior to bid reviews; all offers are welcomed, though the city reserves the right to reject any bid. Buyer and buyer's agent to independently verify all measurements, zoning, flood zone status, and building code guidelines. Property is located in a Flood Zone. *subject to the City's repurchase, as authorized by C.R. 6-287-26*

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Dearborn

Over the last 90 days, 230 homes sold in Dearborn for a median of $272,500, about $156 per square foot, and the typical one went under contract in 9 days. This home is listed at $59,000, and has been on the market 64 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Dearborn sales or ask us for the comparable sales on this one.

Property taxes for a new owner

A buyer who lives here would pay about $1,516 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.87 mills for Dearborn City and Dearborn 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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