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Detroit, MI: All-Brick Home w/ Appliances - No Delinquent Taxes!

Up for auction is a single-family home with great potential for use as a rental property. As you can see from the photos, the property still has many appliances, though we have no way to test these.

Zillow.com estimates the value of this house at $26,800. The county assessed value of this property is $15,200.

According to Zillow.com, this is a 764 square foot, 1.0 bathroom, single family home. It is located at 12800 Promenade St Detroit, Michigan. This home is in the Detroit City School District. The nearest schools are Beckham, William Academy, New Middle School @ FPA East and New Galilee.

Status of title: There are no mortgages on this property. The 2011 winter property taxes are due, but there are no back taxes from before 2011. Buyer will be responsible for any taxes due. According to the county, 2011 winter taxes of only $87.58 are due by 3/1/12. Please check with Wayne County to confirm whether there are any city liens or water bills. Seller has no knowledge of any liens of this type.
 
Address: 12800 Promenade, Detroit, MI 48213
PIN (parcel number): 21008816
Legal Description: S PROMENADE 311 STEVENS EST SUB NO 1 L45 P29 PLATS, W C R 21/672 35 X 148.24A
Summer taxes (please confirm): $1,132.35
Winter taxes (please confirm): $87.58

 

Legal Disclaimer:

The Seller offers these assets 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, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

Information is deemed reliable but not guaranteed. 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. Please note that some property specifications are from public record/Zillow and have not been verified in person. By bidding on this property, buyer acknowledges that they have done satisfactory due diligence on their part and are ready to purchase the property. All photos were taken on 12/21/11, but we have not inspected the property since, so the current condition is not guaranteed.

Closing costs are $500 and include deed preparation, recording fees, and transfer taxes. Buyer will receive a quitclaim deed.

This is a cash sale, you are bidding on the full purchase price. No seller financing is available on this property. Buyer must have cash ready at auction's close. Winning bidder agrees to pay $500 non-refundable deposit via certified check or wire transfer within 2 business days of the auctions close, no exceptions. The remaining balance is due within 7 calendar days.

 
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