SOLD: Loft 303, 444 West Willis | Willys Overland Lofts

Loft 303 – 1 bedroom | 1 bath | 972 sq ft | Sold by City Living Detroit, Austin Black II

City Living Detroit is a client-centered, full-service, boutique-style real estate sales and marketing firm that specializes in urban living, including lofts, condos, historic homes and apartments. The firm is based in Detroit’s historic Midtown near Wayne State University. To view all available listings visit CityLivingDetroit.com.  To make an appointment call 313-242-7800 or e-mail austin@citylivingdetroit.com.

Waterfront Living at 300 Riverfront | For Sale $229,000

300 Riverfront Drive #14A, Detroit, MI 48226 | 2 bedrooms | 2 baths | 1,135 square feet

Spectacular condo featuring hardwood floors, stainless steel appliances, granite counters, and river views. Community amenities include gourmet market, restaurant, health club with swimming pool, tennis courts, marina, and a private riverfront promenade with meticulously manicured lawns. Direct access to the Detroit People Mover allows for convenient connection to Downtown Detroit. Low NEZ taxes.

Austin Black II, Associate Broker

313.550.2307 (cell)

austin@citylivingdetroit.com

CityLivingDetroit.com | UrbanLivingUpdate.com | RaisingCityKids.com

Waterfront condo just listed at 300 Riverfront for $171,000

300 Riverfront Drive | 2 bedrooms, 2 baths | 1,019 sq ft | $171,000

Move in ready condo at Riverfront Towers on the 23rd floor features expansive waterfront views in a resort like community. Community amenities include gourmet market, restaurant, health club with swimming pool, tennis courts marina and a private riverfront promenade with meticulously manicured lawns. Direct access to the Detroit People Mover allows for convenient connection to downtown Detroit. Low NEZ taxes.

Austin Black II – Listing Agent

313.550.2307

austin@citylivingdetroit.com

CityLivingDetroit.com | UrbanLivingUpdate.com | RaisingCityKids.com

Brush Park Village North: Massive Price Reductions

New construction condos in Midtown Detroit priced from $79,000 to $219,000.

Brush Park Village North Model

In response to current market conditions, the developers of Brush Park Village North have approved massive price reductions for a limited time!

Stainless steel appliances, hardwood floors, granite counters, ceramic tiled bathrooms and security system are all included in the prices below.

Brush Park Village North is eligible for FHA financing with 3.5% down payment, $8,000 first time home buyer income tax credit and the NEZ property tax abatement.

3160 John R – Smith: Open Loft | 1 Bath | 834 sq ft | Was $139,000 Special Pricing $79,000

3160 John R – Smith: Open Loft | 1 Bath | 866 sq ft | Was $159,000 Special Pricing $89,000

200 Erskine – Craigen: 3 Bedrooms | 2.5 Baths | 1,837 sq ft | Was $309,900 Special Pricing $150,000

212 Erskine – Asher: 2 Bedrooms | 2.5 Baths | 2,017 sq ft | Was $295,900 Special Pricing $169,000

3156 John R – Asher Rooftop Terrace: 2 Bedrooms | 2.5 Baths | 2,116 sq ft | Was $340,900 Special Pricing $214,000

Austin Black II – Listing Agent

313.550.2307

austin@citylivingdetroit.com

CityLivingDetroit.com

What does $200,000 buy in Detroit?

Willys Overland Lofts Unit 306

The model home at Willys Overland Lofts is now available for sale. Features include hardwood floors throughout, GE Profile stainless steel appliances, granite countertops, exposed brick, concrete ceilings, spacious walk-in closet, spacious balcony and spectacular views of the downtown skyline.

Buyer’s may qualify for $20,000 in down payment assistance from the Michigan State Housing Development Authority (MSHDA). National City Bank also has a 1.5% below prime mortgage program for qualified buyers at Willys Overland.

Bedroom

Living Room

Willys Overland Lofts

• Address: 444 West Willis
• Price: $223,900
• Square Footage: 1,196
• Bedrooms: 1
• Bathrooms: 1
• Tax Status: NEZ Approved
• Year Built: 1917

For additional information on this loft or to view other available properties, contact:

Austin Black II | Max Broock Realtors | 313.550.2307 | austin@citylivingdetroit.com

HUD: Tax Credit Can Be Used on Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.

The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning.

Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent downpayment.

There remain many sources of assistance for buyers needing help with the 3.5 percent downpayment, including many state and local government instrumentalities and nonprofit lenders.

In addition, some state housing finance agencies have developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their downpayment. These programs are separate from what HUD announced today.

The first-time homebuyer tax credit was enacted last year–and improved upon earlier this year–to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven’t owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.

Learn more about the credit, including how to apply for it this year even if you’ve already filed your taxes, at REALTOR.org.

Source: Robert Freedman, REALTOR® Magazine Online

Just Listed – 429 East Ferry Condo | $274,259

3 Bedrooms, 2 Baths | 3,000 sq ft | $274,259 | MLS #29050472

Spectacular 3,000 sq ft condo on historic East Ferry in Midtown features granite countertops, ceramic tiled bathrooms, maple kitchen cabinets, recessed lighting, hardwood floors, fireplace, skylights and a huge master suite with private terrace. This home has been approved for the NEZ property tax abatement.

 

Austin Black II – Listing Agent

Max Broock Realtors

313.550.2307

austin@citylivingdetroit.com

CityLivingDetroit.com

AustinB2.com

Just Listed – 428 East Ferry Condo | $199,259

3 Bedrooms, 2.5 Baths | 2,000 sq ft | $199,259 | MLS #29050500

Luxurious condo on historic East Ferry condo in Midtown features Brazilian Cherry hardwood floors, tumbled marble in all bathrooms, kitchen with cherry cabinets and granite countertops, stainless steel appliances, custom lighting, master bathroom with jetted tub, beverage center, fireplace and surround sound wiring. This home has been approved for the NEZ property tax abatement.

 

Austin Black II – Listing Agent

Max Broock Realtors

313.550.2307

austin@citylivingdetroit.com

CityLivingDetroit.com

AustinB2.com

Just Listed! Brush Park Village North Fully Upgraded Armstrong Home | $269,900

3 Bedrooms, 3.5 Baths | 2,020 sq ft | $269,900 | MLS #29040344

Modern Midtown condo includes Jenn-Air chef’s series stainless steel appliances, Merillat cabinets, hardwood floors, granite countertops, marble floors and Kohler body spays in master bathroom, multi-zone in home speakers and a fireplace. Enjoy views of the downtown skyline from your third floor family room and rooftop terrace. Home is approved for 15yr NEZ property tax abatement. Live near the DMC, WSU, entertainment, culture and restaurants.

 

Brush Park Village North Open House | March 21 and 22 | 12noon to 4pm

Brush Park Village North

This weekend I will be hosting a open house at my Brush Park Village North development.  Come check out the model home which offers a significant number of upgrades at the base price of $290,000. I also have information on other available homes priced from $131,900 to $295,000. 

The model home is located at 3152 John R, Detroit, MI 48201. I will be there Saturday, March 21 and Sunday, March 22 from 12noon to 4pm.