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Auction Property Details

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  • d6e2568867d715f5.jpg?t=1471061241 Auction

Neighborhood: Cornerstone Village

Built in 1940, this charming brick home has much to offer potential buyers. With over 1,400 square feet of living space, this home is ideal for families. The home features:

  • Cove ceilings
  • Wood floors
  • Ceiling medallion
  • French doors
  • Bay window

Located within the Cornerstone Village neighborhood, the home is close to many area amenities, including:

  • Recently-renovated Balduck Memorial Park
  • St. John Hospital and Medical Center
  • Dining and retail destinations on Mack Avenue and Cadieux

Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Pre-Sale Inspection 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 note 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.

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COLLUSION (BID-RIGGING) IN AN AUCTION IS A CRIME

Collusion between bidders in a DLBA auction, which is also known as “bid-rigging,” is a type of fraud and a violation of Federal antitrust laws. The DLBA takes the integrity of its auctions very seriously and bid-rigging is unfair to competing bidders and, ultimately, to the people of the City of Detroit. If the DLBA finds evidence of collusion in an auction, it reserves the right and will not hesitate to, as appropriate, reject specific bids, cancel an entire auction (in each case keeping the deposits or downpayments of the colluding parties), and/or pursue criminal prosecution of the parties involved to the fullest extent of the law.


By clicking proceed, you agree to a hold being placed on your credit card. The hold amount will be 10% of your maximum proxy bid, not to exceed $5,000.00. The winning bidder's credit card will be charged the hold amount and is non-refundable. The balance of the winning bid will be due at closing. If you are not the winning bidder, please allow 5-7 business days for the hold amount to be released.
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