• 10389 Somerset, Detroit, MI 48224
• District: 4
• Area: 960^{Sq. Ft}
• Year Built: 1950
• Water Line Cut: Yes
• Water Line Cut: Yes
• 2 Beds
• 1 Baths

Neighborhood: Yorkshire Woods

This property was pulled from the demolition queue to provide an opportunity for purchase and rehab. It will be available for sale for 30 days until June 25, 2020, or until an offer is received. 

This property will be available to view in advance of its sale date on May 26, 2020. To schedule an appointment, please click the "Request Property Viewing" button in the upper right section of this listing.

The Detroit Land Bank will issue a Quit Claim Deed at closing, which transfers its interest in the property. The purchaser will be responsible for any delinquent taxes, water bills, or liens on the property. To learn if any back taxes are owed on the property, please call both the City Assessor's Office at 313-224-3560 and visit the Wayne County Treasurer’s website by clicking here (or you may call the Wayne County Treasurer at 313-224-5990). The purchaser will also be responsible for paying all current year real property taxes, as well as property taxes in all future years.

This property has been pre-screened and determined to have clean title. Purchasers of this home will close with a title company and be offered Title Insurance. Title Insurance helps protect ownership rights and may benefit those seeking financing on the home.

Please note that any discounts on the purchase (e.g. the city employee discount) will be granted at the time of closing on the sale. The purchaser will be charged $1,000.00 upon winning the bid, regardless of any discounts.  In addition to paying the remaining sale price on your property, you should be prepared to pay the following estimated closing costs:

Closing/Title fees: $450

Recording fee: $30

Tax certification fee: $25

Title Insurance: Starting at $322.25

Note: These are only estimates and are subject to change. If you are obtaining financing from a lender you should anticipate closing costs from your lender. You will receive an itemized invoice at your closing.

Purchasers are required to schedule a Pre-Sale Inspection by the City of Detroit Building Safety, Engineering, and Environmental Department (BSEED) within 14 days after closing on the sale.  The fee is $295 for a 1-unit dwelling or $355 for a 2-unit dwelling.

Note: This property is sold “AS IS, WHERE IS, WITH ALL FAULTS”. The Detroit Land Bank makes no warranty or representation, express or implied, or arising by operation of law, including, but not limited to, any warranty of condition, habitability, merchantability or fitness for a particular purpose, with respect to the physical condition or status of the title to this property.

An aerial image of the parcel for sale can be found at this link: https://cityofdetroit.github.io/parcel-viewer/21067384./

According to the records of the Detroit Water & Sewerage Department, the water line from the street to the house has been cut.  The water line will need to be replaced.  The purchaser will be responsible for this repair, which can be very expensive.