AUCTION ID #: 428419 Bookmark and Share
NO RESERVE $1 STARTING PRICE! Home Zestimated @ $93,500 3bd 1 bth
Item 428419  
Final Bid: USD $1
Number of Bids: 1
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 11-06-09    08:00 AM ET
Auction Closed: 11-13-09    09:00 PM ET
Asset Details
Seller Information
Seller Name: msfraser
Rating: Seller Rating - 5 (4)
Location: 12659 Mansfield
Detroit, MI    48227
View Seller's other items
 
 
Bid Increment: $200
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $1
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset Information Additional Details Your Bid History
This auction has been amended by the Seller on Nov 06, 2009 at 8:00 AM prior to any bids being placed.
Item Specifics
 
Residential Properties  
  Address 12659 Mansfield
Detroit, MI 48227
United States
  County Wayne
  Lot Size 10018 sq. ft
  Number Of Bedrooms 3.00
  Number Of Bathrooms 1.00
  Living Space 734.0
  Year Built 1950
  Annual Taxes $3018.00
  Property Condition Needs Repairs
  Water City
  Sewer City
  Appliances none
  Heating System Force
  Cooling System Central
  Parking Driveway
  Occupancy Vacant

Asset Description

                      NO RESERVE  $ 1 Start!   3Bdrm 1Bth Home In Detroit, 

                      Zestimated @$93,500. Assessed Valued @ $32,437

                      Make this House Your Home or Use As An Investment.

What a Charming Bungalow! Features Wonderful Curb Appeal. Updated Bath, Nice Kitchen, Three Bedrooms, Spacious Interior And So Much More! Just Imagine What A Little TLC Could Do Here. 

 Recent Area Sales "This Year" Are Between $15,000-$135.00

This Area Rents for $550-$700 A Month.  Minimum $6,600  A Year Easy!  

 

This Home is Sold As-Is, Where- Is.  Please Do Your Due Diligence Before Bidding.  Priced Far Below Market Value. This Property is an Excellent Investment At This Price.   

Cash Sale Only, please do not bid if you do not have all of your funds available to complete the sale. This is a binding auction. Do all of your due dilligence prior to bidding. 

The Settlement  - We will require a non-refundable deposit of $1,000.00, payable by Bank Wire, Certified Check, or Money order (via FEDX/UPS) within 24 hours of the auction end. 

A Purchase agreement will be sent to the buyer within 24 hours after deposit has been received, please sign, initial, date and return with the remaining balance within 5 days of auction end, by Bank Wire, Certified Check or Money Order via (FEDX/UPS). Please Add $1,500.00 + 10% buyers premium to final payment.

At the end of the auction you will need to provide your information, such as name, marital status and address for the title preperations. You must provide this information with your non-refundable deposit of $1,000.00 within 24 hours of end of the auction.

 

Good luck!!

 

 

 


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.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  •