16085 Veronica Ave

Eastpointe, Michigan, 48021

Tax DeedpendingSells Oct 14, 2026 · in 6 days

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Beds: 3
Baths: 2
SqFt: 1,433
Lot Size: 7,231
Year Built: 1954
APN: 02-14-31-404-010

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 11 Years 9 Months
Purchase Method: Cash Purchase
County: Macomb

Value

Estimated Value: $232,000
County Market Value: $204,400; 2025
Assessed Value: $102,200; 2026

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2015

Last Sale

Public Record: $55,000; 11/07/2014
MLS: $55,000; 07/22/2024
Document Type: Warranty Deed

Opportunity

Opening Bid: $7,242
Bid / Value: 3%; of $232,000
Property Tax 2025: $4,619; annual bill · not the amount owed
Equity (est.): $232,000; 100%
Monthly Rent: $1,660; Suggested rent
Gross Yield: 8.59%

Opening bid

$7,242

Assessed value

$102,200

Market / AVM

$232,000

Property tax 2025

$4,619

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: De L A Wesley
Mailing Address: 16085 Veronica Ave, Eastpointe, MI 48021
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Total Rooms: 5
Bedrooms: 3
Total Bathrooms: 2

Deal analysis

Date	Status	Price	Days on Market	Agent	Office
08/30/2023	Closed	$55,000	328	Frank Leonardi II	RE/MAX First

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
11/07/2014	12/26/2014	$55,000	Warranty Deed	4152660	Yes	Cash Purchase	De L A Wesley	Lisa Gieraltowski, Stanley J Gieraltowski
10/31/2012	11/19/2012		Quit Claim Deed	2160952	No	Cash Purchase	Lisa Gieraltowski	Clark Okulski
05/01/1997	05/30/1997	$120,000	Deed		Yes	Cash Purchase	S Gieraltowski Etal	D Verbeke

Your maximum bid

$136,712

Walk away above this. Projected profit at the ceiling: $69,600 (30% of ARV).

Opening bid $7,242

Room to bid $129,470

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

History-guided suggestion

$49,186

Under max by $87,526

≤ 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 $136,712 — 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 $232,000. 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: $232,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$18,560
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 ~$348/month.: −$3,828
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): −$69,600
Maximum bid: $136,712

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.

16085 Veronica Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

16085 Veronica 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

MLS History

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Macomb County rules

Historical comps

Verify before you bid