13188 Santa Rosa Dr, Detroit, MI
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$1 NO RESERVE!

The previous winning bidder couldn't

perform, so it is back up for sale!

HUGE 5 BED 3 BATH DUPLEX!!

SO MUCH POTENTIAL!

RECENT PICTURES!

STRONG VALUES!

VERY DESIRABLE AREA OF DETROIT!

*NO TAXES DUE UNTIL NEXT YEAR*

DON'T PASS THIS ONE UP!!

TAKE ADVANTAGE OF THIS OPPORTUNITY RIGHT NOW BECAUSE IT WON'T BE HERE MUCH LONGER!
    Item Description
 
pic3 13188 Santa Rosa Drive
Detroit, MI 48238

* 5 Bedrooms
* 3 Bath
* 2,600 Sq. Ft.
* Lot Size - 3,877 Sq.Ft.
* Single Family!
* Year Built - 1926
* Parcel # - 16019964

NO TAXES DUE UNTIL NEXT YEAR!!!!!

13188 Santa Rosa Drive is located in the Winter Halter area of Detroit, MI. At this time, the property has an Estimated Value of $98,500.00 and yearly taxes of $1,742. This home has approximately 2,600 sqft of living space. The property was built in 1926. Similar homes nearby sell for around $100,000.00.

WHY INVEST IN DETROIT?

Whether you're an experienced investor or a real estate rookie, see why the media and analysts are raving about Detroit real estate.

  • Own a piece of the Comeback City that is being called the "Hottest U.S. Housing Market for Q2 2012" by the editor of Investorplace.com, and ranked "2ND BEST CITY TO BUY RENTAL PROPERTY" [CNN Money 2012]
  • Helped by the auto industry recovery, Detroit unemployment rates have dropped by 2.4 % over 12 months [CNN Money 2012]
  • The number of single family homes sold in July 2012 increased by 14 percent compared to July 2011, according to the Michigan Association of Realtors [CBS News 2012]
  • DONALD TRUMP sees Detroit as a good investment. "I think Detroit has great potential". [May 1st, 2013]
  • Rents are projected to climb to $720/month and vacancies will decrease to 4.5%, which is on par with the national average for metropolitan areas [Wall Street Journal 2012]
  • While the nationwide average for home price increase rose 7.3% in 2012, Detroit's year-over-year gains were 16.7%. Impeccable figures such as three-year home price gains through 2012 highlight, Detroit's 30.0% increase, the top in the nation. [Case-Shiller index report for Q4 2012 by Corelogic]
    Estimated Values

The Zillow Value was $114,000.00 in 2005!

The Estimated Value from RealQuest Corelogic is Currently $182,000.00!

The Estimated Value from Homesnap is Currently $98,500.00!

The Estimated Value from Smartzip is Currently $126,000.00!

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There are so many possibilities! By purchasing at such a low price, you have many options available to you, such as:

  • Flip it for quick cash to another investor!
  • Flip it for quick cash to a local handyman!
  • Renovate it and rent it out for cashflow!
    Cash Flow

*The Estimated Rent for this property is

$800.00 - $1,200.00!

IF YOU ARE LOOKING TO REHAB AND RENT THIS PROPERTY, HERE IS AN EXAMPLE OF THE CASH FLOW YOU COULD POTENTIALLY MAKE:  PLEASE NOTE, THESE ARE ESTIMATED FIGURES AND IN NO WAY REPRESENT THIS ACTUAL PROPERTY.

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    Additional Images

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    Closing Details
 

Once the auction has closed, we will email the winning bidder with instructions for payment and deed information right after the auction ends and payment must be submitted within 48 hours.  We accept wire transfer or certified check. Once payment is received in full, we will start the deeding process and send you a copy. Once the deed is drafted, processed, and recorded, we will mail you the original. This process only takes a few weeks. You do not have to record the deed yourself. The winning bid is for the FULL PURCHASE PRICE, not a down payment.

FIX IT UP AND RENT IT OUT FOR MONTHLY CASHFLOW.

 
    Payment Details
 

DO NOT BID UNLESS YOU HAVE THE FUNDS TO CLOSE!!!

This is a CASH sale of the full purchase price of this home. Buyer agrees to accept this property in its current as-is condition. Any potential purchaser should do his or her own due diligence PRIOR to bidding. We have limited knowledge about the property's condition. The pictures that are shown in the listing are sometimes taken from public records and online and may not be up to date. We cannot guarantee the condition of the property as shown.

You will need to include $495.00 to the winning amount to cover the preparation and drafting of the deed and documents for this sale, and also a 10% Buyers Premium ($100 minimum) to cover the cost of this auction. A Quit Claim Deed will be issued to the buyer.

TOTAL DUE = BID AMOUNT + 10% of the Winning Bid + $495 DEED FEE

 
    Additional Information
 

pic1IF NO PAYMENT IS RECEIVED WITHIN 48 HRS, BIDDER WILL BE CONSIDERED A NPB (Non-Paying Bidder) AND WILL BE REPORTED TO BID4ASSETS, ALONG WITH MEDIATION. PAYMENT MUST BE RECEIVED WITHIN 48 HOURS AFTER CLOSE OF THE AUCTION.

These properties are for sale in "AS-IS, WHERE-IS" condition at the time of closing, including any hidden defects of any nature, liens, judgements, delinquent taxes, water bills, known or unknown, with no representations, warranties or guarantees whatsoever, expressed or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statements anywhere, whether expressed or implied, shall be deemed a warranty or representation by the Seller regarding the asset. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All buyers are deemed to have relied entirely on their own information, judgments, and inspections of the assets in making the decision to purchase the asset.