Property Details
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This property, located at 18416 Norwood St in Detroit, MI 48234, is a residential dwelling in the Ryan Road Subdivision. Built in 1925, it was last sold for $2,500 in 2008 and has an assessed market value of $27,200. With a lot size of 3920 square feet and a two-story building totaling in at 1152 square feet, this property features a 400 square foot garage and forced air heating. It has one bathroom and is situated on a 30-foot wide lot with a depth of 133 feet.
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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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