Property Details
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This residential property, located at 16175 Steel St in Detroit, MI, was built in 1925 and has a total of 777 square feet of living space, with a ground floor living area of 768 square feet. It is situated in the Puritan Ave Subdivision and has a lot size of 4792 square feet, with a lot depth of 116 feet and a width of 40 feet. The property also features a garage with an area of 280 square feet, and its heating system is forced air. The tax assessment values the property at $21,900 and its market value at $43,800. The property was previously owned by Basset and Smith and has a legal lot number of 1(72).
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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