3 ms·

$35k for bare land? In Detroit, $35k gets you a lot with a newly renovated, 3 bedroom, 2 bath house. Random example at $37k: http://www.realtor.com/realestatea

by danjayh 12y ago

$35k for bare land? In Detroit, $35k gets you a lot with a newly renovated, 3 bedroom, 2 bath house. Random example at $37k: http://www.realtor.com/realestateandhomes-detail/487-W-Greendale_Detroit_MI_48203_M33161-98776?row=26 http://www.realtor.com/realestateandhomes-detail/487-W-Green... Edit: I can just keep going and going with nicely livable ~40k houses in Detroit: http://www.realtor.com/realestateandhomes-detail/13111-Griggs-St_Detroit_MI_48238_M32244-94109?row=29 http://www.realtor.com/realestateandhomes-detail/13111-Grigg... http://www.realtor.com/realestateandhomes-detail/17593-Monica-St_Detroit_MI_48221_M42306-30993?row=30 http://www.realtor.com/realestateandhomes-detail/17593-Monic... http://www.realtor.com/realestateandhomes-detail/427-W-Greendale_Detroit_MI_48203_M33136-27426?row=31&ex=MI568676165 http://www.realtor.com/realestateandhomes-detail/427-W-Green... http://www.realtor.com/realestateandhomes-detail/18461-Sorrento-St_Detroit_MI_48235_M33965-49040?row=33&ex=MI568982665 http://www.realtor.com/realestateandhomes-detail/18461-Sorre... http://www.realtor.com/realestateandhomes-detail/5510-Three-Mile-Dr_Detroit_MI_48224_M49776-43411?row=45&ex=MI573820009 http://www.realtor.com/realestateandhomes-detail/5510-Three-... ... not sure if this is sad or awesome ...

LammyL 12y ago
I wonder if there is a huge hidden accumulation of unpaid property taxes the buyer would be on the hook for.
- Beached 12y ago
  There likely isn't and risk to the buyer. These houses were most likely foreclosed or abandoned. Detroit is auctioning off houses and lots that have not been paid up to the highest bidder by the dozens. These were likely purchased super cheap for flipping, and now being resold. Detroit has a real problem with the city services right now, and as a result of the lack of services, and large land sales houses are SUPER cheap.
xacaxulu 12y ago
Except you'd be in Detroit. :-)

by danjayh 12y ago

LammyL 12y ago

I wonder if there is a huge hidden accumulation of unpaid property taxes the buyer would be on the hook for.

Beached 12y ago
There likely isn't and risk to the buyer. These houses were most likely foreclosed or abandoned. Detroit is auctioning off houses and lots that have not been paid up to the highest bidder by the dozens. These were likely purchased super cheap for flipping, and now being resold. Detroit has a real problem with the city services right now, and as a result of the lack of services, and large land sales houses are SUPER cheap.

xacaxulu 12y ago

Except you'd be in Detroit. :-)