Auction Property Details
- 10731 Wayburn, Detroit, MI 48224
- District: 4
- Area: 1162Sq. Ft
- Year Built: 1939
- Water Line Cut: Yes
- 3 Beds
- 1 Baths
Neighborhood: Outer Drive-Hayes
Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Inspection/Condition Report for more detail. We strongly encourage all potential home buyers to view the property prior to purchase, either through an open house or a private showing.
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.
Please also note that at closing the purchaser will be responsible for paying all properly-assessed property taxes not otherwise exempt pursuant to the statutory authority of the Detroit Land Bank. The fee for the attached Inspection/Condition Report is $295.00 and will need to be paid at closing.
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.
An aerial image of the parcel for sale can be found at this link: https://cityofdetroit.github.io/parcel-viewer/21063758./