21206 Gratiot Ave

Eastpointe, Michigan, 48021

Tax DeedpendingSells Oct 14, 2026 · in 4 days

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SqFt: 1,589
Lot Size: 4,056
Year Built: 1964
APN: 02-14-31-309-008

Property Type: Other
Distressed: Bank Owned
Vacant: No
Owner Type: Company
Owner Status: Owner Occupied
Length of Ownership: 5 Years
Purchase Method: Cash Purchase
County: Macomb

Value

Estimated Value: $78,100
County Market Value: $156,200; 2025
Assessed Value: $78,100; 2026

Mortgage & Debt

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

Last Sale

Public Record: $60,000; 07/30/2021
Document Type: Warranty Deed

Opportunity

Opening Bid: $6,892
Bid / Value: 9%; of $78,100
Property Tax 2025: $5,738; annual bill · not the amount owed
Equity (est.): $78,100; 100%

Opening bid

$6,892

Assessed value

$78,100

Market / AVM

$78,100

Property tax 2025

$5,738

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Red Real Estate Investments Llc
Mailing Address: 21206 Gratiot Ave, Eastpointe, MI 48021
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Heating Type: Forced Air Unit
Basement: No Basement
Number of Stories: 1

Deal analysis

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
07/30/2021	09/09/2021	$60,000	Warranty Deed	202102234864	Yes	Cash Purchase	Red Real Estate Investments Llc	Shorian East Llc
12/14/2004	05/13/2005		Quit Claim Deed	5085699	No	Cash Purchase	Shorian East Llc	Jeffrey L Tolari
10/28/2004	12/14/2004		Intrafamily Transfer	4264109	No	Cash Purchase	Jeffrey L Tolari	Joseph A Tolari, Laura A Tolari Trust

Your maximum bid

$43,833

Walk away above this. Projected profit at the ceiling: $23,430 (30% of ARV).

Opening bid $6,892

Room to bid $36,942

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

History-guided suggestion

$18,512

Under max by $25,321

≤ 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 $43,833 — 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 $78,100. 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: $78,100
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$6,248
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 ~$117/month.: −$1,289
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): −$23,430
Maximum bid: $43,833

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.

21206 Gratiot Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

21206 Gratiot Ave

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

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Macomb County rules

Historical comps

Verify before you bid