Up for auction is single-family home in Flint, Michigan. This home has lots of potential, but also clearly needs some work. The siding has been stripped from the back of the houses, the heating ducts are missing, there is peeling paint, and the home will need new appliances.
Zillow.com says: This is a 2 bedroom, 1 bathroom, 720 sq. ft. home on a 3,920 sq. ft. lot. Zillow estimates the value of this home (after rehab) at $22,400 and says that this property last sold on 2/25/03 for $26,000. Zillow also estimates that this property will rent for $457/month.
With some rehab, this could be a great rental property. We have not personally visited the property, we are relying on the pictures in this auction (these were taken on 12/9/11). Seller cannot guarantee that the condition of the property has not changed since the pictures were taken.
Status of title: To the best of seller's knowledge, there are approximately $295 in 2011 taxes owed and no taxes due prior to 2011. There are no mortgages on this property. The property was recently placed on the Flint demolition list, but no date has been set yet. The buyer of the property will need to apply with the city of Flint to get building permits to get it off the demo list. Seller has no knowledge of any city liens, water bills, etc. Please conduct due diligence, as any liens and back taxes are buyer's responsibility.
Address: 1618 Tacoma Street, Flint, MI 48503
Parcel Number: 41-18-379-041
Legal Description: MORLEY PARK SUBDIVISION LOT 5.
Summer taxes (please confirm): $277.73
Winter taxes (please confirm): $18.34
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. Buyer is purchasing this property via a quitclaim deed and will assume any liens, encumbrances, and/or back taxes. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.
All information derived from third party sources, including but not limited to appraisals, 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. Remember that this auction is a legally binding contract and by placing a bid, you the buyer are acknowledging that you have done satisfactory due diligence and agree to purchase the property.
This is a cash sale, you are bidding on the full purchase price. 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. Closing costs are $500 and include deed preparation, recording fees, and transfer taxes. We do not charge a buyer's premium or any other fees. Buyer will receive a quitclaim deed.
