  Eastsideinvestor Member Username: Eastsideinvestor Post Number: 5 Registered: 03-2007 |
Is there anyone investing in the foreclosures here. What part of town? | ||
Urbanoutdoors Member Username: Urbanoutdoors Post Number: 154 Registered: 11-2005 |
I am possibly going to in North rosedale because the one I was looking at in Corktown fell through | ||
Downtown_remix Member Username: Downtown_remix Post Number: 76 Registered: 03-2007 |
NORTH WOODWARD,ON TAYLOR 3 BLOCKS SOUTH OF BOSTON,2300 SQ,$51,000 | ||
Mayor_sekou Member Username: Mayor_sekou Post Number: 627 Registered: 09-2006 |
There is a house next to my parents in the U of D district that has been foreclosed, may parents fear renters will move in and drive property values down. In that neighborhood there must be at least 50 foreclosed homes selling under value. You should go to a site like realtrac.com if you want to get a detailed list of the city. | ||
Rhymeswithrawk Member Username: Rhymeswithrawk Post Number: 545 Registered: 11-2005 |
Urban, not sure if you're looking for a foreclosed home specifically or not, but there are two homes through O'Connor Realty. You can check them out on the Web site, www.oconnordetroit.com. I'm going to take a look at them Wednesday. I can let you know if they're worth a look and/or even take pictures for you if you'd like. I'm looking at the SW side, but I'm not ruling out a fine home in Corktown. You can have my sloppy seconds.  | ||
Dougw Member Username: Dougw Post Number: 1634 Registered: 11-2003 |
Needless to say, now is the time to buy. There are huge numbers of foreclosures out there right now, but now that the subprime lenders have tightened up their rules, they will eventually dry up (though probably not for at least a year or so). | ||
Exmotowner Member Username: Exmotowner Post Number: 134 Registered: 06-2005 |
Detroit is the foreclosure capital of the country. Now is a good time for speculators with some cash! | ||
Barnesfoto Member Username: Barnesfoto Post Number: 3272 Registered: 10-2003 |
Rymes: One of those O'Connor foreclosures is a Malcomson and Higganbotthom, and good neighbors come with it. Foreclosures are on the rise in a number of places, not just Detroit...Fall 2007 would be a better time to buy, I think. | ||
Brandon48202 Member Username: Brandon48202 Post Number: 160 Registered: 12-2004 |
Some good news for Detroit's housing market- the sale of 1731 SEMINOLE ST was closed on March 22. Sale price: $590,000.  | ||
Kpm Member Username: Kpm Post Number: 34 Registered: 08-2005 |
Brandon -- wasn't that house originally listed for over $1M? Though, I'm glad to hear it sold. | ||
Dougw Member Username: Dougw Post Number: 1637 Registered: 11-2003 |
It wasn't that high, the original price was something like $800K. $590K sounds more like its true market value. Glad to see it sell. I see the http://1731seminole.com is still up for now, though. | ||
Kpm Member Username: Kpm Post Number: 35 Registered: 08-2005 |
OK, found it, this thread mentions JW's home was priced above $900K. https://www.atdetroit.net/forum/mes sages/76017/79922.html?1156261 606 | ||
Gdub Member Username: Gdub Post Number: 1088 Registered: 10-2003 |
That's a fair price for 1731 Seminole. Not much more than what Jack paid for it, if I recall. Now it's got some rock n roll provenance, and probably a few updates. And a couple of Detroit agents can eat this month. | ||
321brian Member Username: 321brian Post Number: 344 Registered: 02-2006 |
Originally listed for $930,000 in August. Listed by an agent in Milford and sold by an agent in Livonia. No Detroit agents eating steak this week. | ||
Zephyrprocess Member Username: Zephyrprocess Post Number: 305 Registered: 08-2006 |
quote:Which one, might I ask? | ||
Urbanoutdoors Member Username: Urbanoutdoors Post Number: 158 Registered: 11-2005 |
Thanks for the offer, I am frustrated though I have not found out what the taxes would be exactly but I was looking at a house in Rosedale which I know has some of the highest taxes in the city but I cannot believe how the taxes make an affordable house less affordable. For a house that is listed at 117,000 it would make my payment over 1400 a month that is So frickin crazy! I know the area was supposed to get a tax reduction but I can't find out an exact percentage of reduction. Also property Values in RDP have sunk very rapidly in the past year so it is a great time to buy but also a risk when the house needs 25000 in work. | ||
Urbanoutdoors Member Username: Urbanoutdoors Post Number: 159 Registered: 11-2005 |
Good news on J dubs house although it is almost a 40 percent drop in order to sell it! | ||
Kimistree Member Username: Kimistree Post Number: 10 Registered: 01-2004 |
The tax reduction is about 20 percent. You would pay 52 mils instead of 67 mils. |
