242 Riverside Dr

Mount Clemens, Michigan, 48043

Tax DeedpendingSells Oct 14, 2026 · in 4 days

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Beds: 3
Baths: 1
SqFt: 1,342
Lot Size: 7,831
Year Built: 1949
APN: 05-11-13-306-035

Property Type: Sfr
Distressed: No
Vacant: Yes
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 11 Years 3 Months
Purchase Method: Cash Purchase
County: Macomb

Value

Estimated Value: $199,000
County Market Value: $199,800; 2025
Assessed Value: $99,900; 2026

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2015

Last Sale

Public Record: $46,250; 05/26/2015
MLS: $25,000; 06/30/2026
Document Type: Deed

Opportunity

Opening Bid: $33,092
Bid / Value: 17%; of $199,000
Property Tax 2025: $3,382; annual bill · not the amount owed
Equity (est.): $199,000; 100%
Monthly Rent: $1,511; Suggested rent
Gross Yield: 9.11%

Opening bid

$33,092

Assessed value

$99,900

Market / AVM

$199,000

Property tax 2025

$3,382

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: John Bruce Augugliaro
Mailing Address: 242 Riverside Dr, Mount Clemens, MI 48043
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 3
Total Bathrooms: 1
Air Conditioning Type: Yes

Deal analysis

Date	Status	Price	Days on Market	Agent	Office
06/30/2026	Closed	$25,000	1	Robert R Shaffer	RE/MAX First

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
05/26/2015	06/29/2015	$46,250	Deed	5082600	Yes	Cash Purchase	John Bruce Augugliaro	Secretary Of Housing & Urban Development
10/14/2014	04/01/2015		Warranty Deed	5043262	No	Cash Purchase	The Secretary Of Hsng & Urban Developmen	Flagstar Bank Fsb
03/28/2014	04/08/2014	$116,433	Sheriffs Deed	4045046	Yes	Cash Purchase	Flagstar Bank Fsb	Db Starnes Jr
04/30/2012	04/30/2012		Intrafamily Transfer	2062531	No	Cash Purchase	D B Starnes Iii	D B Starnes Jr
12/15/2004	12/22/2004	$127,500	Warranty Deed	4269489	Yes	Cash Purchase	D B Starnes Jr	Patti Sanders, Estate Of Stephen Alexander

Your maximum bid

$116,797

Walk away above this. Projected profit at the ceiling: $59,700 (30% of ARV).

Opening bid $33,092

Room to bid $83,704

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$58,164

Under max by $58,632

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

17156

Median sold

$3,900

p(redeem) prior

History n=17156: median sold $3,900 is well below oracle $116,797 — target ~82% of ceiling.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $199,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $199,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$15,920
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical MI range ($2,000–$4,000, ~9 months).: −$3,000
Deed recording and transferassumed Typical MI recording and deed issuance cost.: −$300
Holding costs (11 months)assumed Taxes, insurance, and securing the property at ~$299/month.: −$3,284
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$59,700
Maximum bid: $116,797

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. Michigan's foreclosure judgment cuts off prior liens and the owner's interest, so title is comparatively clean — quiet title is often unnecessary.

242 Riverside Dr

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

242 Riverside Dr

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Listing

MLS History

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Macomb County rules

Historical comps

Verify before you bid