No Reserve Auction , Single Family located in Highland Park , Michigan!
Address: 18930 Hawthorne Street, Highland Park, MI 48203
Great Rental Home!
Single family brick bungalow home has white trim, red awnings and aluminum soffit and fascia. Property is located in a great neighborhood close to restaurants, activities and golf courses. Property is 1,152 sqft and has a detached garage. The average list price for similar homes in the area is $48,758 and the average sales price for similar homes in the area is $33,100. 18930 Hawthorne Street is located in the Cadillac Heights neighborhood of Wayne County , Michigan High Points: Great curb appeal, brick and aluminum exterior, nice lot and great neighborhood.
Sqaure Footage: 1,152 Sqft
Lot Size: 6,621 Sqft (0.14 Acres)
Year Built: 1929
The Estimated Value from Trulia is $24,100
The Estimated Value from Homes.com is $41,000
SIMILAR SALES WITHIN 1.5 MILES OR LESS:
19377 Hull St, Highland Park MI 48202 - SOLD $45,000 10/03/2011
115 Worcester Pl , Highland Park MI 48202- SOLD $27,000 02/22/2012
19316 Lumpkin Street, Highland Park MI 48202- SOLD $60,000 10/14/2011
1821 E Madge Ave, Highland Park MI 48202 -SOLD $27,500 02/15/2012
434 W Bernhard Ave, Hazel Park MI 48203- SOLD $62,000 04/19/2012
914 E Robert Ave , Hazel Park MI 48203- SOLD $55,000 01/18/2012
125 W Elza Ave, Hazel Park MI 48203- SOLD $50,000 02/28/2012
20905 Caledonia Ave, Hazel Park MI 48203- SOLD $35,000 08/17/2011
About Highland Park Michigan:
As of the census of 2000, there were 16,746 people, 6,199 households, and 3,521 families residing in the city. The population density was 5,622.9 people per square mile (2,169.7/km²). There were 7,249 housing units at an average density of 2,434.1 per square mile (939.2/km²). The racial makeup of the city was 4.11% White, 93.44% African American, 0.27% Native American, 0.24% Asian, 0.02% Pacific Islander, 0.25% from other races, and 1.67% from two or more races. Hispanic or Latino of any race were 0.57% of the population.
There were 6,199 households out of which 27.6% had children under the age of 18 living with them, 17.0% were married couples living together, 33.4% had a female householder with no husband present, and 43.2% were non-families. 38.4% of all households were made up of individuals and 15.6% had someone living alone who was 65 years of age or older. The average household size was 2.56 and the average family size was 3.43.
In the city the population was spread out with 29.1% under the age of 18, 8.6% from 18 to 24, 27.5% from 25 to 44, 20.2% from 45 to 64, and 14.5% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 85.7 males. For every 100 females age 18 and over, there were 79.6 males.
The median income for a household in the city was $17,737, and the median income for a family was $26,484. Males had a median income of $31,014 versus $26,186 for females. The per capita income for the city was $12,121. About 32.1% of families and 38.3% of the population were below the poverty line, including 47.1% of those under age 18 and 30.8% of those age 65 or over.
Government and Infrastructure
Highland Park is governed under the council-mayor form of government wherein an elected mayor is the chief executive and administrative officer of the city, and the council its legislative body. The mayor appoints city officers such as the city attorney, the director of community and economic development, finance director, and the water department director, though, the council has the power to refuse or accept the appointments. The city council consists of five members elected at large who serve terms of four years. The highest vote getter becomes council president for that term.
However, using the Public Act 72 of 1990, Governor John Engler appointed a emergency financial manager to take over the financial operations of the city in December 2000, effectively relegating the mayor, city council, and other elected public officers to advisory roles. Ramona Henderson-Pearson was appointed the city's first emergency financial manager. In December 2001, the city police department was formally disbanded, at which time the Wayne County Sheriff Department took over policing the city. The Highland Park Police Department was re-established on July 1, 2007. The city was returned to local control in July 2009 by Robert Mason, the city's last emergency financial manager.
The US Postal Service operates the Highland Park Post Office at 13215 Woodward Avenue.
Chrysler was headquartered in Highland Park. In 1992 the company announced that it was going to move its headquarters to its technology center in Auburn Hills, located approximately 25 miles (40 km) north of the original headquarters site. The company planned to accomplish the move by 1995. In 1992 Chrysler had 25% of Highland Park's tax base and contributed 50% of the city's budget.
In 2009 Magna International announced plans to start an automotive seat production operation in the former Chrysler headquarters. The plant on the site of the former Chrysler headquarters opened in June 2010.
The gear-reduction starter Chrysler used from the early 1960s through the late 1980s garnered the nickname "Highland Park Hummingbird" after Chrysler's hometown and the starter's distinctive cranking sound.
Despite Chrysler's departure, the city remains associated with Chrysler in the minds of auto enthusiasts.
McGregor Library in Highland Park was once the city's public library.
Highland Park is served by Highland Park Schools, which includes two elementary schools, Highland Park Community High School, and an online adult education program.
The Roman Catholic Archdiocese of Detroit operated St. Benedict Elementary School in Highland Park. It closed in 2005.
Colleges and universities
Lawrence Technological University was founded in 1932 in Highland Park, MI by the Lawrence brothers as the Lawrence Institute of Technology and adopted its current name in 1989. Lawrence Tech moved to Southfield, Michigan from its site in Highland Park, Michigan in 1955. "Lawrence Technological University."
Highland Park Community College was located in Highland Park before its 1996 closing. It had previously been known as Highland Park Junior College
This home has tremendous value as an investment. According to CNNMoney.com, the current average home price in the Wayne Metro Area is $80,300. There is a potential to purchase this home, and resell at a gain, or to hold as a long term investment and realize strong cash flow and log term capital gains. Based on the potential rental income, an investor could quickly earn back the purchase price and earn a high return with a small investment basis. Real estate is great way to build income and achieve financial security.
-Flip it for quick cash to another investor!
-Keep it and rent it out for cash-flow!
BUY THIS HOME FOR PENNIES ON THE DOLLAR! BID NOW!
Area Rents are $600-900 a month. Strong Cash Flow Potential!
We are headquartered in Milwaukee, Wisconsin. Over the last decade , we have been involved in buying , selling and rehabbing over 300 properties.
TERMS OF SALE/ PAYMENT DETAILS: IMPORTANT PLEASE READ!
We charge a $695 Document preparation and recording fee , as well as a 10% buyer premium (based on winning bid amount). Buyers that are located oustide of United States will incur an additional shipping and handling fee of $200. Upon close of this auction, the buyer is required to pay $695 via PayPal , Wire Transfer, Cashiers Check or Money Order. This a non-fundable deposit which will count towards the total balance. The remaining balance is due within 5 days of the auction close. Seller accepts (for remaining balance only) Wire Transfer, Teller Deposit (Wells Fargo), Cashier's Check and Money Orders. As soon as full payment is received and cleared, deed processing can begin. A quitclaim deed will be provided to winner within 90 days.
Purchase Price: $4,000
Processing /Deed Preperation Fee: $695
10% Buyer Premium: $400
Total Amount Owed: $5,095
DUE DILIGENCE PLEASE READ!
We purchase all properties in bulk packages. We have not visited the property nor has any inspection or survey of any kind been made on this property. Property is being sold "as is" and we do not make any respresentions or warranties,expressed or implied regarding the property or its current condition. Buyer to assume any and all city code violations and back taxes , if any. All information provided in this listing is from third parties. We ask the buyer to verify all information in this listing and conduct their own investigation as to any matter, fact or issue that might influence Buyer's decision to purchase the property from seller. All sales are final. Your winning bid is a legal binding contract. We do not have keys for our properties, so please do not ask. All pictures provided in this listing our from third parties. It is buyers responsibility to verify if in fact pictures are current and accurate. By bidding on our property you agree to all the terms stated in this listing.
Upon winning the auction, buyer must contact seller immediately via email and provide:
Name and address to be placed on deed.
A non refundable fee of $695 for processing . Fee must be recieved within 24 hours via Paypal or Bank Wire.
-The winning bidder will receive an email from us through ebay's messaging system. The email will contain information on how much your total due is and how much you need to pay within 24 hours as noted in the terms of sale above.
-We will send you a purchase agreement that will need to be signed and returned to us with your payment.
-Buyer also agrees to add the appropriate closing and transaction costs to the amount of the bid. Remaining balance within 5 days of this auction.
Please do not bid on this auction if you do not have the money to pay. Ask any and all questions before you bid, not after. All non paying bidders will be reported to ebay and we will pursue legal action. Please read disclaimed below regarding nonpayment:
State Law- Revenue and Taxation Code Section
-By bidding on the property you acknowledge the following:-
If the highest bidder defaults, under state law , the seller will not resort to the second highest bidder. This can trigger the following actions:-
1) The seller shall have a claim against the bidder for setup/hosting expenses, revenue/time lost and attorney fees.
2) If this bidder does not pay the claim within 30 days after notice is sent, the following shall apply:
-Seller may utilize any means authorized by law to collect the claim, including, but limited to, transferring the amount of the claim to the unsecured roll/collection agencies. Notice will also be sent to various credit agencies.
Good Luck and Happy Bidding!