Beginning Values
ATTRACTIVE
INVESTMENT HOME WITH LARGE FRONT YARD
EXCELLENT LOCATION
CLOSE TO 3 MAJOR HIGHWAYS
EASY ACCESS TO BISHOP INTERNATIONAL AIRPORT
VERY CLOSE TO UNIVERSITY OF
MICHIGAN - FLINT AND WAYNE STATE UNIVERSITY
EXCELLENT INVESTMENT HOME -STRONG RENTAL PROPERTY WITH GREAT CASH FLOW POTENTIAL
IDEAL FAMILY HOME
FULL PURCHASE
PRICE - HIGH BID OWNS THE HOME FREE AND CLEAR!
NO RESERVE
NOW IS THE BEST TIME TO BUY REAL ESTATE WHILE
IT IS FAR BELOW MARKET VALUE
About
Flint, Michigan
Located
just 60 miles northwest of Detroit, Flint is the fourth largest city in Michigan
and serves as the county seat of Genesee County. The city is at the center of an
integrated transportation network including highway systems, rail lines,
airport, and fresh water ports, and is home to approximately 125,000
residents.
Flint boasts a vibrant downtown area
that includes decorative landscapes, lighting, signage and sidewalks, attractive
buildings, newly built loft apartments, emerging retailers, and prospective
businesses. Genesee County is experiencing the fastest new housing growth in
Southeast Michigan.
Flint is also a well known university
town, with five higher education institutions containing a combined enrollment
of over 26,000 college students.
The city is home to the nationally
recognized Flint Cultural Center. Set on a 30-acre site near downtown, the
center boasts nine major fine arts institutions including the Flint Symphony
Orchestra and Michigan’s largest planetarium. Flint and Genesee County are also
known for spectacular shopping
and restaurants, 22 parks, and over 25 beautiful golf courses.
The center of manufacturing growth in
southeast Michigan is shifting north up the I-75 corridor. Not surprisingly,
Flint and Genesee County are on the radar screens of companies that want a
profitable piece of Michigan's exciting industries.
Neighborhood Description
Located on a tree lined street
near two elementary schools.
This home is located on a tree-lined residential street
where the homes are attractive and well maintained. This home is very
close to many highly desirable community amenities. Something special
about this home's location is that it is a short 15 minute walk from both Dort
Elementary School and King
Elementary School, making it a great home for a young family.
Additionally, within a mile of the home you will find 31 churches - a
testament to the character of the neighborhood. The attractive Mott Park
Golf Course, a picturesque and well maintained course is less than two miles
from the home, and the Swartz Creek Golf Course is also about two miles from
the home.
This home is conveniently located near shopping,
attractions and downtown Flint. Routes 75, 475 and 69 are all
close by and easily accessible as well. In addition, the home is just a
mile from The University of Michigan, a mile and a half away from Kettering
University and about 2 miles from Wayne State University,
making them an easy commute for professors, and students alike.
There is also convenient access to the International Airport, which is a short
15 minute drive from the home.
Home Description
Stylish Home, attractive tile and carpeting throughout, large front porch with attractive shade tree. Centrally located near parks,
schools, shopping and employment.
This is a stylish and attractive three bedroom home.
The home features three bedrooms, and a living room, as well as a formal dining room.
There is also a full sized kitchen with abundant cabinet space to store
everything you need for cooking and entertaining. Throughout the house, the comfort and
livability is enhanced through attractive wood paneled walls, large windows
that let in lots of natural sunlight and attractive yet durable vinyl
flooring in many of the rooms for an appealing look with low maintenance.
The exterior of this home is also very attractive.
The home has attractive blue vinyl siding, in very good condition, as well
as a large covered front porch perfect for relaxing with family, friends and
neighbors. The porch features two wooden
pillars, and the design of the porch with the pitched roof makes this house
unique and attractive resembling colonial style architecture. The home
also features a large front yard with a shade tree, an attractive concrete
front path leading up to the front door to make the home warm and inviting.
Investment Analysis
This home has
tremendous value as an investment. Now is the time to invest in real
estate at never before seen prices, and profit from the current foreclosure
boom. This is a rare opportunity to buy real estate at incredible prices,
and hold onto it while benefiting from rental cash flows and long term capital
appreciation. Consider how much a bank account earns and the huge losses
being experienced in the stock market right now, and real estate is the logical
choice for building lasting wealth. According to CNNMoney.com, the average
home sales price in the Flint / Grand Blanc Market is $229,933, and according to
Bestplaces.net the average rental rate for a home in the 48503 zip code is $626,
and the median home price is $88,100
Considering these statistics there is very strong cash flow potential for this
home. According to Robert Kiyosaki author of Rich Dad Poor Dad
and creator of the Cash Flow Board Game, investing in real estate is a great way
to build income and achieve financial security and independence. A small
investment in real estate investment properties can be a great step towards building a real estate
investment portfolio and building sustainable wealth.
Please take the time
to review the Comp's in the area.
117 Paterson
Street - Across the Street - Sold 5/24/2005 $125,000
216
Paterson Street (0.1 mile away) - Sold 7/19/2006 -
$54,399 - 3 BR 1 Bath
128 Stockdale Street (0.1 mile away)
- Sold 9/22/2005 $72,000
- 3 BR 1 Bath
118 Green Street (0.3 mile away) -
Sold 5/26/2006 - $50,000
2229 Mason Street (0.5 mile away)
- Sold 3/30/2006 - $85,000
- 3 BR 1 Bath
TERMS
You are bidding on the FULL PURCHASE PRICE
of this auction. Upon completion of this auction, and final payment, the
HOME WILL TRANSFER FREE AND CLEAR TO THE BUYER.
There are no liens against this property, and title is insurable.
Purchaser agrees to accept the property in "AS
IS, WHERE IS" condition at the time of closing, with
NO WARRANTY EXPRESSED OR IMPLIED. Any
representations of this property are merely the opinion of the seller. All
buyers are encouraged to perform their own due diligence, and should
RELY ON THEIR OWN INSPECTION.
WE ENCOURAGE YOU TO DO YOUR OWN DUE DILIGENCE
PRIOR TO PURCHASE. WE WELCOME YOU TO VISIT THE HOME. TO ARRANGE ACCESS, SEND ME
YOUR FULL NAME AND PHONE # AND I WILL PROVIDE YOU WITH A CODE TO THE
LOCKBOX ON THE DOOR.
This is a CASH AUCTION. When
submitting your bid, you must have funds on hand to complete the purchase. This
is a speedy closing, and there is no time to arrange bank financing.
THIS AUCTION IS FOR SERIOUS BIDDERS ONLY.
Please do not bid if you will not fulfill your obligation! Any winning bidders
who do not close will be reported to eBay for buyer misconduct. If you need
additional pictures or have any questions, please feel free to ask prior to
conclusion of the auction.
CLOSING PROCESS
Upon winning the auction, BUYER MUST CONTACT
SELLER IMMEDIATELY via phone or email and provide:
1. Name to be placed on deed.
2. Phone Number
3. Address to send settlement sheet.
4. $2,000 non-refundable earnest money
deposit in the form of a certified check, or money order via overnight
delivery service, or bank wire transfer. This deposit must be received within
24 hours of winning the bid. If the seller has not received funds or
heard from the purchaser within this period, the transaction will be considered
void, and buyer misconduct will be reported to eBay.
Buyer also agrees to add the appropriate
closing and transaction costs to the amount of the bid. This is
approximately $700, and covers deed preparation, transfer tax etc.
Exact amount due will be computed by seller’s title company handling the
closing, and will be shown on the final settlement sheet.
Closing of this transaction is within 10
days after the auction ends. The balance due must be sent to our title
company via cashiers check or money order on or before the closing date. The
balance due is equal to the final sales price, less the $2,000 earnest money
deposit plus applicable closing costs to be detailed on the settlement sheet.
Our title company will prepare your deed and send the deed to the County to
record into your name. You will receive confirmation that the deed has been
sent for recording.
Please ask any questions prior to the auction’s end. There is no time to
do so once the auction is over.
NOTE TO BIDDERS: Users with Feedback Score
5 or Less or users who are new to eBay must email Seller immediately with your
full name and contact number. If you do not perform this request, we have the
right to cancel your bid.
YOU MUST READ AND AGREE TO THE TERMS PRIOR
TO SUBMITTING A BID.
Also, be sure to keep an eye out for our other auctions, as we sell
great investment homes in Dayton, Ohio, Youngstown, Ohio, Buffalo, New York,
Anderson, Indiana
other cities.
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