Auction Property Details
- 5050 Somerset, Detroit, MI 48224
- District: 4
- Area: 1358Sq. Ft
- Year Built: 1928
- Water Line Cut: No
- 3 Beds
- 1 Baths
Neighborhood: Morningside
Built in 1928, this beautiful brick house would make the perfect home for a variety of interested buyers. With over 1,300 square feet of living space, the property has many desirable features, including:
- Front porch
- Detached garage
- Fireplace
Located in Detroit’s Morningside neighborhood, purchasers will enjoy proximity to a variety of nearby amenities, such as:
- Multiple parks including Corrigan Playground and Chandler Park and Family Aquatic Center
- East English Village Preparatory Academy and Ronald Brown Academy
- Dinning and retail along East Warren
- Easy access to I-94 Freeway
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. 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.
Finally, please not that any discounts on the purchase (i.e. 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.
- 02/01/18 Sale Date
- $ 1,000 Starting Price
- $ 1,000 Ending Price
Please note that the rehab cost will often cost more than the winning bid price. Failure to bring a property up to code within 6 months will result in forfeiture of property (9 months for historic properties). Auction dates are subject to change. Check the site regularly to be aware of any schedule changes.
PROPERTY OWNED BY THE DETROIT LAND BANK IS NOT OPEN TO THE PUBLIC. ACCESS TO OR ENTRANCE UPON SUCH PROPERTY WITHOUT THE WRITTEN CONSENT OF THE DETROIT LAND BANK AUTHORITY CONSTITUTES TRESPASS, AND IS A VIOLATION OF MICHIGAN LAW. TRESPASSERS MAY BE SUBJECT TO CIVIL AND CRIMINAL PENALTIES.