Seven single-family homes owned by the City of Dearborn are available for purchase at a good value until Feb. 22.
The opportunity is available for people who are willing to buy the property “as is,” and will bring the house up to building codes within one year of purchase. The houses must be owner-occupied for 10 years.
The homes are being sold for minimum prices ranging from $54,565 to $166,315. They are located primarily in west Dearborn, including one home in the Dearborn Hills neighborhood and one home in the Ford Historic Homes District.
The bid package and the list of the seven properties are available here: www.cityofdearborn.org.
Copies of the bid information also can be obtained 8 a.m. to 5 p.m. Monday through Friday at the Dearborn Administrative Center, 16901 Michigan Ave.
All bids are due by 3 p.m., Wednesday February 22, 2017.
While these homes can represent a good value to potential buyers, there are guidelines to follow. Check the bid packet for complete information.
Some of the pertinent information and guidelines are:
- The houses are single-family residences and are located in well-established residential neighborhoods with extensive public amenities located nearby.
- These houses were acquired from Wayne County through the tax foreclosure process and all of them require varying degrees of rehabilitation and repairs. The bid packet includes a list of required repairs for each house.
- Each house is being sold “as is, where is, and with no warranties or representations.”
- Minimum acceptable bid amounts are provided in the bid packet.
- Minimum bid prices were established by deducting the estimated cost of repairs that are needed to each house from the True Cash Value, as determined by the City Assessor. Each house may require more repair than estimated.
- Buyers are required to repair the houses to Building Code and must qualify for a certificate of occupancy within one year of closing. Repairs must be performed by a licensed contractor.
- Each house must be owner-occupied for 10 years after rehabilitation is completed. Details of each of the houses are in the bid packages and should be viewed carefully by the prospective bidder to gain a better understanding of its size, location and amenities.
- Walk-through inspections of each house will also be offered on specific dates found in the bid packet.
- Sealed bids will be received by the City of Dearborn Purchasing Department up to and including 3 p.m. on Wednesday, February 22, 2017.
- Sealed bids will be publicly opened and read aloud on the same day in the City Council Chambers. Sale to the highest bidder will be recommended for approval by the City Council.
- A check for $500 made payable to the City of Dearborn must accompany all bids submitted on each parcel.
- The City payment requires cash payment in full at the time of closing. Closing must occur within 90 days from approval by the City Council.
Questions regarding the houses and properties should be directed to the Property Maintenance & Development Services Department at 313-943-2216.