700 Meadow Hill Rd, Saline, MI 48176

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Building Details:

Bank-owned partially completed site condominium of 7 lots. Available are Master Deed, engineer and other drawings. Road is graded with very little work to reprep for blacktop. This is a very popular locale within 2.6 miles of entrance to the 600-acre Toyota North American Engineering and Research Center and the US-23/Willis Rd interchange. It is also just 12-14 miles to Ann Arbor interchanges on US-23 and I-94. The property is in the very popular Saline school district. This is a scenic rural location, with pleasant views. Lots 1, 3, 4, 7 have wells. It appears that the well on one of the lots, most likely Lot 1, was abandoned. I was told it was because it was inside a setback. Depth to sand for septic fields: Lots 1 & 7, on the surface. Lots 3 & 4; 9-10'. Tax code is for Unit 5. Taxes quoted are for all 7 lots, based on SEV not Taxable Value.
Here is a thought; the property is now at a clear-the-desk price. If you are looking for a single home site consider this: build on one lot and sell the others.
Note: The sale price is for all 7 units. Each unit has its own tax ID. The SEV for each unit is $29,000 and the Taxable Value is $12,700 for each unit for a total of . The tax ID in this presentation is for Unit 5 only. All units have their own tax ID.
2010 Summer Tax Rate for Homestead is 26.0594 mills. Non-homestead (e.g. vacant land) is 44.0594.
2010 Winter tax rate for both classes is 4.8256 mills.
Hence, the tax for the entire property as it is being sold (all 7 units), is: Summer: $4,688. Winter: $513. Total tax per year: $5,201.
If you purchase this land I suggest that you visit the assessor immediately. There may be a good case to argue that the land is not yet ready for sale; not all approvals have been given. e.g. county road commission has not given the road its final approval. Therefore, there may be a good argument that the land is therefore still one taxable unit. This is not a representation and there is not a gaurantee, but it is certainly worth the trip.