Second Detroit Land Bank house auction gets top bid of $30100

DETROIT, MI — The second in a series of home auctions being held by the Detroit Land Bank ended with a top bid of $30,100 Tuesday.

Bidding began at $1,000 before the 1,500-square-foot, three-bedroom home at 4335 Bishop Street garnered 91 bids on revamped land bank’s new buildingdetroit.org website

“Walking distance to Messmer Playground, this darling 2-story brick home has a fireplace and 2-car garage,” read a description of the home on the auction website. “It just needs needs a furnace and water heater. Dress it up with some paint, gutters and a new roof, and call this 1,500 square feet home.”

Another Bishop Street home sold Monday for $34,100, leaving 13 vacant East English Village houses listed for auctions to take place each weekday while the city looks to acquire more salvageable vacant homes through nuisance abatement lawsuits.

Bidders can’t have a history of serious code violations or property tax delinquency.

Winning bidders have to pay 10 percent of the bid price within three days and the rest within 60 days for purchases under $20,000, or within 90 days is the sale is over $20,000.

Then, to keep the house, the new homeowner will have to produce a construction contract or receipts for rehabilitation materials within 30 days, and show proof of occupancy within six months.

The auctions are part of Mayor Mike Duggan’s approach to fighting blight, which for years has been one of the city’s largest problems, with thousands of abandoned homes deteriorating, reducing neighborhood housing values and often attracting crime.

Duggan wants to fill many of the tens of thousands of vacant homes, rather than trying to demolish them all.

The Detroit Land Bank last month targeted a neighborhood near Marygrove college for aquisition of more houses, posting 79 notices for owners of blighted homes to respond or face a lawsuit and potential property seizure.

Officials said the effort targets houses that are bringing the city no tax revenue while diminishing the safety and property value of surrounding homes.

The land bank will look to seize the houses of unresponsive owners, demolish those that aren’t salvageable and auction the others to bidders who have no history of owning blighted or tax-foreclosed properties.

View a list of rules for bidding in the auction here.

Check out a city promotional video featuring some of the homes up for auction below.

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