French777 Member Username: French777
Post Number: 145 Registered: 10-2006
| Posted on Friday, April 20, 2007 - 7:00 am: | |
I always wanted to buy a burned out/ abandon house in detroit! any good websites? |
Cambrian Member Username: Cambrian
Post Number: 1010 Registered: 08-2006
| Posted on Friday, April 20, 2007 - 7:28 am: | |
Why? |
Quinn Member Username: Quinn
Post Number: 1247 Registered: 01-2005
| Posted on Friday, April 20, 2007 - 7:50 am: | |
Yes...try the Wayne County site: http://www.waynecounty.com/WCA uctions/ |
6nois Member Username: 6nois
Post Number: 160 Registered: 11-2006
| Posted on Friday, April 20, 2007 - 11:38 am: | |
Why not? I would love to buy one if I had money. |
Salvadordelmundo Member Username: Salvadordelmundo
Post Number: 90 Registered: 04-2006
| Posted on Friday, April 20, 2007 - 12:14 pm: | |
If you buy one of those properties, does the city try to stick you with all the unpaid back taxes that such a house has surely accumulated? Or is there some sort of development/forgiveness program in place? |
Urbanoutdoors Member Username: Urbanoutdoors
Post Number: 221 Registered: 11-2005
| Posted on Friday, April 20, 2007 - 12:28 pm: | |
The House on Marquette Has a ton of potential! |
Eric_c Member Username: Eric_c
Post Number: 944 Registered: 11-2003
| Posted on Friday, April 20, 2007 - 12:30 pm: | |
I think you should buy one, too. Some advice: coat the house in shellac, then park down the street at night and masturbate. I'm sure the neighbors would view a burned out house covered in shellac and an 18-year old masturbating Frenchman as an improvement. Let us all know if it works out. |
El_jimbo Member Username: El_jimbo
Post Number: 98 Registered: 12-2006
| Posted on Friday, April 20, 2007 - 1:14 pm: | |
why have a masturbating Frenchman? The neighbors are already paying tax dollars to have masturbating cops. |
6nois Member Username: 6nois
Post Number: 162 Registered: 11-2006
| Posted on Friday, April 20, 2007 - 1:43 pm: | |
^ Very good point. ^ |
Quozl Member Username: Quozl
Post Number: 472 Registered: 07-2005
| Posted on Friday, April 20, 2007 - 1:47 pm: | |
quote:why have a masturbating Frenchman? I guess because the OP to this thread is French777 |
Cambrian Member Username: Cambrian
Post Number: 1011 Registered: 08-2006
| Posted on Friday, April 20, 2007 - 3:47 pm: | |
I imagine once you own it, you would be responsible for anything that happened there. I wouldn't want that kind of liability, unless you intended to do something with the property, like build on it. How do you buy property insurance for a burned out structure? |
French777 Member Username: French777
Post Number: 149 Registered: 10-2006
| Posted on Saturday, April 21, 2007 - 8:35 am: | |
The point I was making to Fix one up. Also plant Trees and make it look nice |
Warriorfan Member Username: Warriorfan
Post Number: 699 Registered: 08-2005
| Posted on Saturday, April 21, 2007 - 10:53 am: | |
quote:The point I was making to Fix one up. Also plant Trees and make it look nice Well then you must have a lot of disposable money to burn. The cost of tearing down one of those homes and building a new one, or fixing up a salvagable home, would FAR FAR FAR exceed the value of the finished product on the housing market. In case you haven't noticed, Michigan is in a severe housing slump. Home values are falling and no one is buying. And Detroit is exactly known for its high home values anyways, certainly not in the neighborhoods where you would expect to find most of these burned out abandoned hulks. |
6nois Member Username: 6nois
Post Number: 166 Registered: 11-2006
| Posted on Saturday, April 21, 2007 - 11:19 pm: | |
Just because its costs more than you'll ever get out of it doesn't mean it is not worth doing. It's a risk but where there is risk there is opportunity. For the purposes of what you want abandoned is better than burned. |
Eric Member Username: Eric
Post Number: 783 Registered: 11-2004
| Posted on Sunday, April 22, 2007 - 12:01 am: | |
quote:The point I was making to Fix one up. Also plant Trees and make it look nice In other words, you're a naive kid who hasn't given the slightest thought about the real cost or challenges. |
Dfd Member Username: Dfd
Post Number: 244 Registered: 09-2004
| Posted on Sunday, April 22, 2007 - 12:07 am: | |
Then there is finding the absentee owner and the title. |
Milwaukee Member Username: Milwaukee
Post Number: 1261 Registered: 08-2006
| Posted on Sunday, April 22, 2007 - 1:09 am: | |
I just took a look at those homes. How sad, they're never coming back, they're as good as firewood and other scrap materials. It's a nice thought to buy one and renovate it, but you're the only one with that thought. Nobody, I mean NOBODY wants to live in an abandoned house in a dangerous part of Detroit. You can find those same style and quality houses in the suburbs or in other parts of the city. The difference is, you're less likely to be killed and its a lot less work to make it habitable. |
Urbanoutdoors Member Username: Urbanoutdoors
Post Number: 234 Registered: 11-2005
| Posted on Sunday, April 22, 2007 - 1:16 am: | |
Not to mention how hard it is to get a mortgage for that amount. Plus Repairs. I looked into buying one on bagley in corktown but decided against it because the amount of structural work and the lack of available funding. The sad thing is I knew if all those factors were alright that was an area of the city that it would have been worth my investment. |
Urbanoutdoors Member Username: Urbanoutdoors
Post Number: 235 Registered: 11-2005
| Posted on Sunday, April 22, 2007 - 1:21 am: | |
This is the cities site but no pics. http://www.ci.detroit.mi.us/pl andevl/realestate/Sales2007/Bi dsales_April2007.htm |
Urbanoutdoors Member Username: Urbanoutdoors
Post Number: 236 Registered: 11-2005
| Posted on Sunday, April 22, 2007 - 1:26 am: | |
WTF! Thats just crazy, they may as well auction off the abandoned schools as well! The one on 12th by woodbridge could become a condo conversion... 5658 BRADEN a/k/a 6840-50 MCGRAW (FORMERLY DPD 6TH PRECINCT) Two story brick building, East on Braden, between McGraw and Wagner 40,449.25 SQ. FT. M-2 $150,000.00 |
Urbanoutdoors Member Username: Urbanoutdoors
Post Number: 237 Registered: 11-2005
| Posted on Sunday, April 22, 2007 - 1:36 am: | |
Y on the site before that does it give the bid dates for 2005! http://www.ci.detroit.mi.us/pl andevl/realestate/Sales2004/Bi dSalesIntro04.htm |
6nois Member Username: 6nois
Post Number: 169 Registered: 11-2006
| Posted on Sunday, April 22, 2007 - 10:56 am: | |
"You can find those same style and quality houses in the suburbs or in other parts of the city." Uh no you can't. And these areas will never change unless someone like French or myself or others concerned with preservation make a move. All history will be lost if you don't try. The beauty of youth is that one knows no limits. The older you get the more realist and less fun you become. As for Nobody wanting to live in an abandoned house in Detroit well thats wrong. Because once someone lives in it, its no longer abandoned. But its also wrong because obviously French wants to, and I would love to. I actually would really love to get an apartment building, and create an artist commune. |
Barnesfoto Member Username: Barnesfoto
Post Number: 3377 Registered: 10-2003
| Posted on Sunday, April 22, 2007 - 1:24 pm: | |
"The older you get the more realist and less fun you become". The first part is right, the second part is wrong. When I bought my first abandoned house, people told me that I was crazy. Fortunately, I did not listen to them. It's not so hard...you camp out in a couple rooms while you work on the rest of the place. It's a great adventure. While I would advise against starting with a building as large as a former Police Precinct, There are plenty of other options... The Wayne County Prosecutor's auction has a couple of great bargains on their site right now...(the trouble with buying from the City of Detroit is that they take at least a year to give you your title!) With a bit of cash, a first time buyer could pick up one of these for 5 or 10k, then get a home equity line of credit to do some repairs.... http://www.waynecounty.com/WCa uctions/Auction/ |
Frumoasa Member Username: Frumoasa
Post Number: 12 Registered: 03-2007
| Posted on Monday, April 23, 2007 - 12:09 pm: | |
Don't buy burnt out. The city puts you on a different list for inspections if your home had fire damage at the time of the pre-sale inspection. Look carefully, there are abandoned houses that do not have fire damage that would still greatly benefit from improvement and preservation. Pick your target neighborhood(s) first, then start looking at the prosecutor's auction, tax auctions and bank repossesions. If you are improving a home that needs improvement, you are doing a service to the neighborhood, so don't undertake too difficult of a challenge on what sounds like your first home purchase that you want to remodel. |
Tomoh Member Username: Tomoh
Post Number: 298 Registered: 11-2004
| Posted on Monday, April 23, 2007 - 10:36 pm: | |
What happens to some of the closed schools: http://metrotimes.com/editoria l/story.asp?id=10422 |
Jdkeepsmiling Member Username: Jdkeepsmiling
Post Number: 250 Registered: 01-2006
| Posted on Tuesday, April 24, 2007 - 10:43 pm: | |
Anyone have any thoughts on this property or neighborhood: http://www.waynecounty.com/WCa uctions/Auction/default_all.as p?t=&o=S |
Jdkeepsmiling Member Username: Jdkeepsmiling
Post Number: 251 Registered: 01-2006
| Posted on Tuesday, April 24, 2007 - 10:44 pm: | |
Sorry, the property listed on Marquette |
Wolverine Member Username: Wolverine
Post Number: 310 Registered: 04-2004
| Posted on Wednesday, April 25, 2007 - 2:43 am: | |
Man that one on Marquette looks nice. My housemates and I should stop paying our $34,000 / year rent on our POS house and buy that thing. Good thing we have some construction experience, looks like a lot of work needs to be done. |
Defendbrooklyn Member Username: Defendbrooklyn
Post Number: 117 Registered: 11-2005
| Posted on Wednesday, April 25, 2007 - 7:25 am: | |
Do pictures exist of any of thee auction properties? |
Frumoasa Member Username: Frumoasa
Post Number: 13 Registered: 03-2007
| Posted on Wednesday, April 25, 2007 - 9:21 am: | |
The area definitely seems promising and it doesn't have fire damage, which is a big plus. I didn't see any major structural damage that would indicate the foundation is sinking and it seems that the plasterwork and architectural details are salvageable with some concern and effort. Someone started the renovation but apparently didn't have the money to finish it, too bad. The price however might look good now, but the prices tend to go up steeply an hour before the auction's end. |
Cub Member Username: Cub
Post Number: 27 Registered: 02-2007
| Posted on Wednesday, April 25, 2007 - 9:41 am: | |
The bad thing is , the back water bill could be high as hell. |
Cub Member Username: Cub
Post Number: 29 Registered: 02-2007
| Posted on Thursday, April 26, 2007 - 4:54 pm: | |
The house on Marquette went for $66,000 today. Cub is very sad.Lol |