61 Michigan St

Mount Clemens, Michigan, 48043

Tax DeedpendingSells Oct 14, 2026 · in 4 days

View on map ↗

SqFt: 0
Lot Size: 7,516
APN: 05-11-13-106-012

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Individual
Length of Ownership: 5 Years 10 Months
Purchase Method: Cash Purchase
County: Macomb

Value

Estimated Value: $606,000
County Market Value: $17,200; 2025
Assessed Value: $8,600; 2026

Mortgage & Debt

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

Last Sale

Public Record: $65,000; 10/22/2020
Document Type: Warranty Deed

Opportunity

Opening Bid: $5,176
Bid / Value: 0.85%; of $606,000
Property Tax 2025: $525; annual bill · not the amount owed
Equity (est.): $606,000; 100%
Linked Properties: 3

Opening bid

$5,176

Assessed value

$8,600

Market / AVM

$606,000

Property tax 2025

$525

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Gary Lane
Owner 2 Name: Ashley Murakami
Mailing Address: 61 Michigan St, Mount Clemens, MI 48043
Owner Type: Individual
Corporate Owned: No

Land/Location Information

APN: 05-11-13-106-012
Property Class: The general use for the property is for residential purposes

Deal analysis

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
10/22/2020	11/09/2020	$65,000	Warranty Deed	2136449	Yes	Cash Purchase	Gary Lane, Ashley Murakami	Hoyt Zanders, Maria Alcorte Silva
01/20/2005	02/08/2005		Quit Claim Deed	5025188	No	Cash Purchase	Amos Zanders	Lillie Mae Bankston, Ollie Odell Bankston

Your maximum bid

$362,421

Walk away above this. Projected profit at the ceiling: $181,800 (30% of ARV).

Opening bid $5,176

Room to bid $357,245

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

History-guided suggestion

$121,980

Under max by $240,441

≤ 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 $362,421 — 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 $606,000. 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: $606,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$48,480
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 ~$909/month.: −$9,999
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): −$181,800
Maximum bid: $362,421

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.

61 Michigan St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

61 Michigan St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

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

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Macomb County rules

Historical comps

Verify before you bid