Property Details
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This property, located at 6531 Forrer ST in Detroit, MI, is a charming residential home situated in the Laurel Park Subdivision. Built in 1944, this one-story home boasts a total of 720 square feet of living space with 1 bathroom and a spacious garage measuring 624 square feet. The lot size is 5663.00 square feet, with a lot depth of 133 feet and a width of 42 feet. The property was last sold for $68,000.00, and the assessed value is $20,900.00 with a current market value of $41,800.00. The property is equipped with commercial A/C and features a forced air heating system.
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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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