AUCTION ID #: 428141 Bookmark and Share
Spacious 3Bd/1Bath SFH in Detroit,MI market value $79,500
Item 428141  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 11-02-09    11:19 PM ET
Auction Closed: 11-20-09    11:19 PM ET
Asset Details
Seller Information
Seller Name: kittyuv
Rating: Not yet rated
Location: 14715 Novara St
Detroit, MI    48205
View Seller's other items
 
 
Bid Increment: $250
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $6,900
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Residential Properties  
  Address 14715 Novara St
Detroit, MI 48205
United States
  Number Of Bedrooms 3.00
  Number Of Bathrooms 1.00
  Living Space 2,100.0
  Annual Taxes $3864.00
  Property Condition Fixer upper, Vinyl, Full basement
  Water Municipal
  Sewer Municipal
  Roofing Shingle

Asset Description

 

 
Residential Properties  
 
 
Address
14715 Novara stMI
 
Lot Size
N NOVARA 131 LONGRIDGE SUB L35 P2 PLATS, W C R 21/801 30 X 103.90
 
Number Of Bedrooms
3.00
 
Number Of Bathrooms
1.00
 
Living Space
0.0
 
Year Built
 
Annual Taxes
$3864.00
 
Property Condition
Fixer upper
 
Property Condition
Full basement
 
Property Condition
Vinyl
 
Water
Municipal
 
Sewer
Municipal
 
Roofing
Shingle


Asset Description
 
Why would anybody buy a property with back taxes,encumbrances and liens when you can buy Free and clear!!!
Spacious 2100 sq ft 3 Bed 1 bath Vinyl sided single family home  that needs very little work to make it a great investment property. It will be an extra ordinary opportunity for a savvy investor.  Can be rented for $750-$800 once it’s all fixed up. This kind of opportunity does not come by often, so get on it.
For additional photos click 
This property was last sold for $64,301 as per county records.
The Zillow estimated value for this property is $79,500.
Comparable sales in this neighborhood.
14757 Liberal st      $77,400    Sold on 09/23/08    Size 878  Sqft    Lot size 10454 sqft
14711 Carlisle St    $75,000    Sold on 11/12/08    Size 1150 sqft    Lot size  5100 sqft
14771 Manning St   $80,000  Sold on 4/17/08       Size 1788 sqft    Lot size 16,117 sqft
14610 Bringard Dr $75,000    Sold on 10/09/08    Size 1106 Sqft   Lot size 10,454 sqft
 There are  no liens or mortgages against this property. It has a FREE AND CLEAR title.
This property is  for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, 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 statement 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.
 
TERMS OF SALE
This is a CASH sale of the full purchase price of this home.  Buyer agrees to accept this property in its current condition.  Any potential purchaser should do his or her own due diligence PRIOR to bidding. 

You will need to include $195.00 to the winning amount to cover transaction costs for this sale. Quit claim deed will be issued to the buyer.You will also need to include 10% of this sale to pay for the Buyers Premium charged by Bid4Assets.

If you would feel more comfortable using a Title Company for the closing, we can accommodate you. You will be responsible for all fees related to escrow, including title insurance.  Upon auction closing, we require an immediate NON-REFUNDABLE deposit of $2,000.00 if you are planning to use escrow for your closing. If you do not want to choose title company then the total amount is due within 48 hours of auction closing.
 
Buyer responsible for taxes from the date of sale.
TOTAL DUE = BID AMOUNT + 10% OF BID AMOUNT (BUYERS PREMIUM) +$195 Transaction fee+ prorated pre-paid taxes
THE WINNING BIDDER NEED TO CONTACT WITHIN 24 HOURS, WITH METHOD OF PAYMENT AND DEED INFORMATION.  (AFTER 48 HOURS, BIDDER WILL BE CONSIDERED A NPB AND WILL BE REPORTED TO BID4ASSETS).  PAYMENT MUST BE RECIEVED WITHIN 48 HOURS AFTER CLOSE OF THE AUCTION.  I WILL SEND YOU AN EMAIL TO CONFIRM PURCHASE DETAILS.
 

Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Wire Transfer
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