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The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...
When demolitions were incorporated into other blight-elimination strategies, including nuisance-abatement lawsuits, auctions, and sales of side lots to neighbors, these regions saw a 13.8% increase in home valuation. [6] As of March 2018, 3,000 previously vacant homes have been sold, [12] resulting in an influx of members within the community.
The mansion was built in 1928 at the cost of $300,000 ($5.32 million in 2023).The original owner lost the home during the Great Depression and it sat vacant until Alex Manoogian, founder of the Masco company, purchased the home at an auction in 1939 for a mere $25,000 ($0.55 million in 2023).
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related to: detroit home auction website officialmovoto.com has been visited by 100K+ users in the past month
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