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Posted on 10/02/2008 4:58:52 AM PDT by itsthejourney
The Saginaw home that hit the housing market at a cut-rate price sold for less than the price of a McDonald's value meal.
The abandoned home on 1606 Perkins received eight bids on eBay.com and sold for $1.75 Wednesday evening.
(Excerpt) Read more at mlive.com ...
I wonder how much in back taxes the new owner owes?
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She owes 850.00 in back taxes and yard cleanup fees.
I still wouldn’t want a house in Saginaw. It’s scary there.
Actually, she did not buy a house, she bought the opportunity to pay real estate taxes
Pretty pricey firewood.
LOL! I wonder if there are any fixtures or structural elements, like floorboards or cabinets, worth selling?
Well, we know about the previous owner....
I was born in Saginaw, Michigan.
I grew up in a house on Saginaw Bay.
My dad was a poor hard working Saginaw fisherman:
Too many times he came home with too little pay.
I loved a girl in Saginaw, Michigan.
The daughter of a wealthy, wealthy man.
But he called me: “That son of a Saginaw fisherman.”
And not good enough to claim his daughter’s hand.
Now I’m up here in Alaska looking around for gold.
Like a crazy fool I’m a digging in this frozen ground, so cold.
But with each new day I pray I’ll strike it rich and then,
I’ll go back home and claim my love in Saginaw, Michigan.
I wrote my love in Saginaw, Michigan.
I said: “Honey, I’m a coming home, please wait for me.
“And you can tell your dad, I’m coming back a richer man
“I’ve hit the biggest strike in Klondyke history.”
Her dad met me in Saginaw, Michigan.
He gave me a great big party with champagne.
Then he said: “Son, you’re wise, young ambitious man.
“Will you sell your father-in-law your Klondyke claim?”
Now he’s up there in Alaska digging in the cold, cold ground.
The greedy fool is a looking for the gold I never found.
It serves him right and no-one here is missing him.
Least of all the newly-weds of Saginaw, Michigan.
We’re the happiest man and wife in Saginaw, Michigan.
He’s ashamed to show his face in Saginaw, Michigan.
It sounds like back taxes are under $1,000.
I am not sure she is going to be able to sell it. She might want to demolish it and sell the land. All in, she would likely have about $10,000 in it. I don’t know what the land value is in this neighborhood. But I doubt she will get much more than that if it is unihabitable (which I assume).
Renovations on the house, depending on the condition, would easily run $40K. From just the outside I can see: Roofing, siding, paint, doors and windows. I assume the inside: Flooring throughout, drywall repair, light fixtures, HVAC, some plumbing, appliances and paint.
How could I make such an outrageous estimate? I just poured $15K as a minimum to make a rental property livable for the sale market. I took a bath on the sale and still owe the $15K. I cut losses and paid off the mortgage.
Still, I like her ambition. She should at least get her money out of the investment. If she makes $2,000 profit on it, she doubles her money. That’s a low risk, good bet any day.
Whitey drained it and made it livable. A crime for which they should be rightfully punnished.
Oh ... wait ... they are.
or punished ... if you wish. ;)
That’s not just Saginaw, all of MI is being punished.
Tons of this state are protected federal land that no one can develop. Someone should do that to the rest of the state. Naturally, it’s beautiful here. If you stay out of the cities.
LOL - I was just thinking about that song, which contains the total of my knowledge of Saginaw, MI. I also remember that Paul Simon took four days to hitch-hike from Saginaw to somewhere ...
right now you can pick up a house in saginaw for under 1000 bucks, but as you stated, it is damn scary there, and you would have to pay me to take a house there ( safer in detroit )
Zillow shows lots of houses in Saginaw priced in the $9K - $25K range. I'm going to guess it's not an area you want to move to unless you have a lot of buddies coming with you to set up a firebase.
I doubt that there is anything left worth selling, especially given the address of that property.
A friend of mine sold her house on the East Side, later it burned and the new owners boarded it up. Within a short time it was stripped of everything of value.
Another reason to appreciate my boring Southern suburb ...
And written by my good friend Don Wayne (I think Bill Anderson may have been a co-writer). From time to time, Don may still sing the song at small writers’ night venues. I actually may forward him this story.
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