21840 Schroeder Ave

Eastpointe, Michigan, 48021

Tax DeedpendingSells Oct 14, 2026 · in 4 days

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Beds: 3
Baths: 1
SqFt: 955
Lot Size: 5,544
Year Built: 1954
APN: 02-14-32-251-003

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Purchase Method: Cash Purchase
County: Macomb

Value

Estimated Value: $176,000
County Market Value: $147,000; 2025
Assessed Value: $73,500; 2026

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2017

Last Sale

Public Record: $33,000; 04/10/2012
Document Type: Warranty Deed

Opportunity

Opening Bid: $1,450
Bid / Value: 0.82%; of $176,000
Property Tax 2025: $1,833; annual bill · not the amount owed
Equity (est.): $176,000; 100%
Monthly Rent: $1,660; Suggested rent
Gross Yield: 11.32%

Opening bid

$1,450

Assessed value

$73,500

Market / AVM

$176,000

Property tax 2025

$1,833

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Rochelle Myles
Mailing Address: 21840 Schroeder 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
04/10/2012	04/18/2012	$33,000	Warranty Deed	0000056867	Yes	Cash Purchase	Rochelle Myles	Bingle,Sherry L

Your maximum bid

$102,916

Walk away above this. Projected profit at the ceiling: $52,800 (30% of ARV).

Opening bid $1,450

Room to bid $101,466

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

History-guided suggestion

$34,626

Under max by $68,290

≤ 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 $102,916 — 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 $176,000. 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: $176,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$14,080
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 ~$264/month.: −$2,904
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): −$52,800
Maximum bid: $102,916

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.

21840 Schroeder Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

21840 Schroeder Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment 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