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Home Buying in Indian Village : Real Estate Advice

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  • Local Info1
  • Home Buying10
  • Home Selling0
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Activity 9
Wed Apr 17, 2013
Doug Way answered:
The short answer is:

For a home that you reside in, with NEZ discount for next 10 years: Roughly $26 per thousand.
For a home that you reside in, without NEZ discount: Roughly $33 per thousand.
For a home that you do not reside in: Roughly $42 per thousand.

You can do a google search for more information on the NEZ (Neighborhood Enterprise Zone) property tax abatement which covers some neighborhoods in Detroit, including Indian Village.

The property tax rates are somewhat higher in the city than in the suburbs, as is typical in many large metro areas. But in Detroit the house prices (and assessments) are fairly low, so the actual amount you pay in property taxes may not be that high.
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Mon Apr 15, 2013
Doug Way answered:
There is an Indian Village email group, but it is intended for current residents of the neighborhood and is not available to the public.
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Thu Apr 4, 2013
Geny Gougherty answered:
Yes, 1500 Seminole, a beautiful French Regency style home, is currently for sale. If you are interested in finding out more about it, I will be happy to assist you. I am a local realtor familiar with the area. Email me at ggougherty@jjrealtors.com. ... more
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Sun Nov 25, 2012
Haig Istamboulian answered:
Hello,

No one would really know the condition of the home. The only way to truly get an estimate on what is needed is to have a professional inspection done and an estimate drawn up. But if the MLS listing remarks are any indication,then it sounds like this one may need some work;

BARGAIN in Historic Indian Village! Handy man's special. Great Bones. House sold As-Is. Buyer to order/pay for/sign off on COD insp. Needs total renovation, but when finished, it will be a real showplace. Convenient to shopping, Downtown, Expressways. CASH OFFERS ONLY, NO MORTGAGES. PROOF OF FUNDS NEEDED PRIOR TO ALL SHOWINGS.

So it looks like it is CASH only and you will need to provide a proof of funds even before you will be allowed to see it.

Let me know if you need anything else.

HAIG
Elias Realty
(248) 379-6547
realtorhaig@aol.com
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Sun Nov 11, 2012
Karen Paytas answered:
Hi Charles,

I don't believe anyone can predict the future of an area. There has only been one sale in the Village within the last 6 months and that was a cash offer of 410K. Supply and demand will determine what the home prices will do.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
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Wed Jul 4, 2012
Tommycooker answered:
seems to me that rather than auctions, prices aree going up and present listings are firm!
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Tue Jul 21, 2009
Hayward Little, Jr answered:
Hope you're living good. There are still a couple deals in Indian Village under $100k. Are you looking for a foreclosure there or something that is in move-in condition?
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Wed Jul 8, 2009
Karen answered:
Hi Ken, Actually Indian Village is the saffest area in Detroit to purchase a home, the neighbors are great. They are always watching the houses in the area. I have been looking to purchase a home in Indian Village myself, I have drove around the area and spoke with a few of the neighbors and they were always friendly. As with any area you always have one or two idiots who live in the area, and I am sure Indian Village has this there, but for the most part I would believe it to be safe. I have a real estate agent who I use and she is awesome with any information you would need on the area. IF you would ike I can get you her number and you may call her and ask any question about your concern. Good Luck looking for a home. ... more
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Tue Jan 1, 2008
Gordon Hawkins answered:
Taxes are so High in indian village becase Detroit accesse taxes base on the area; so if you have a home that sold for $900,000 in the same area as a home that sold for $200,00 taxes start going up(proposal A) The specific home is really not look at but the general area. ... more
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