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AUCTION ID #: 491204 Bookmark and Share
Great Investment! 2 BR Single Family Home in Detroit, MI
Item 491204  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 02-02-11    05:30 PM ET
Auction Closed: 02-12-11    07:00 PM ET
Asset Details
Seller Information
Seller Name: affordablehomes
Rating: Seller Rating - 5 (1)
Location: 8516 Vaughn St
Detroit, MI    48228
View Seller's other items
Bid Increment: $100
Minimum Bid: $1,300
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 8516 Vaughn St
Detroit, MI 48228
United States
  Lot Size .1 acres
  Number Of Bedrooms 2.00
  Number Of Bathrooms 1.00
  Living Space 720.0
  Year Built 1949
  Display Maps Yes

Asset Description
Great Investment! 2 BR Single Family Home in Detroit, MI
Item Description

Property Address: 8516 Vaughn St, Detroit, MI 48228

Property Type: Single Family

Living Space: 720 sq ft

Lot Size: .10 acres

Number of Bedrooms: 2

Number of Bathrooms: 1

Year Built: 1949

Parcel Number: 22097417

Additional Information: This is a Single-Family Home located at 8516 Vaughan Street, Detroit MI. 8516 Vaughan St has 1 bath and approximately 720 square feet. The property was built in 1949. The average list price for similar homes for sale is $62,004 and the average sales price for similar recently sold homes is $75,580. 8516 Vaughan St is in the Warrendale neighborhood in Detroit, MI. The average list price for Warrendale is $31,015. All information about this asset has been taken from 3rd party sources and must be verified by the bidder.

To check out the City of Detroit, MI website, click here.

To see the Wikipedia article about Detroit, MI, click here.

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Additional Information

You are bidding on the full purchase price. A 25% non-refundable deposit is due within 48 hours. Full payment is due within 7 days of close of auction. Winning bidder is responsible for deed transfer costs; $100. Please do not bid if you do not have funds available. Winning bidder is responsible for liens and encumbrances please check with the county. A 10% buyer's premium is associated with this auction ($250 minimum).

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Maps & Area Information

Additional Details
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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 satisfactory inspection of the property
  • Completion of a title search
  • Investigating back property taxes and
  • 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.
Payment Type
  • Certified/Cashier's Check