23058 Lambrecht Ave

Eastpointe, Michigan, 48021

Tax DeedpendingSells Oct 14, 2026 · in 6 days

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Beds: 3
Baths: 1
SqFt: 888
Lot Size: 4,356
Year Built: 1976
APN: 02-14-29-330-015

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 8 Years 6 Months
Purchase Method: Cash Purchase
County: Macomb

Value

Estimated Value: $164,000
County Market Value: $142,000; 2025
Assessed Value: $71,000; 2026

Mortgage & Debt

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

Last Sale

Document Type: Intrafamily Transfer

Opportunity

Opening Bid: $2,916
Bid / Value: 2%; of $164,000
Property Tax 2025: $1,676; annual bill · not the amount owed
Equity (est.): $164,000; 100%
Monthly Rent: $1,660; Suggested rent
Gross Yield: 12.15%

Opening bid

$2,916

Assessed value

$71,000

Market / AVM

$164,000

Property tax 2025

$1,676

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Leroy Helwig
Mailing Address: 23058 Lambrecht Ave, Eastpointe, MI 48021
Owner Type: Individual
Corporate Owned: No

Property Characteristics

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

Deal analysis

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
03/07/2018	03/16/2018		Intrafamily Transfer	8027923	No	Cash Purchase	Leroy J Helwig	Leroy J Helwig, Estate Of Nancy Kathryn Helwig
09/09/2009	10/14/2009	$32,603	Deed	9110960	Yes	Cash Purchase	Nancy K Helwig	Secretary Of Housing & Urban Development
05/12/2009	07/14/2009		Warranty Deed	9077842	No	Cash Purchase	The Secretary Of Housing & Urban Develop	Bac Home Loans Servicing Lp, Countrywide Home Loans Servicing Lp
03/06/2009	03/18/2009		Quit Claim Deed	9026252	No	Cash Purchase	Countrywide Home Loans Servicing Lp	Countrywide Home Loans Inc
12/08/2008	12/11/2008		Quit Claim Deed	8135061	No	Cash Purchase	Countrywide Home Loans Inc	Mortgage Electronic Registration Systems
11/07/2008	11/18/2008	$114,396	Sheriffs Deed	8126980	Yes	Cash Purchase	Mortgage Electronic Registration Systems	Patrick Carlstrom

Your maximum bid

$95,674

Walk away above this. Projected profit at the ceiling: $49,200 (30% of ARV).

Opening bid $2,916

Room to bid $92,758

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

History-guided suggestion

$33,131

Under max by $62,543

≤ 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 $95,674 — 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 $164,000. 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: $164,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$13,120
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 ~$246/month.: −$2,706
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): −$49,200
Maximum bid: $95,674

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.

23058 Lambrecht Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

23058 Lambrecht 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

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Macomb County rules

Historical comps

Verify before you bid