24260 Rosebud Ave

Eastpointe, Michigan, 48021

Tax DeedpendingSells Oct 14, 2026 · in 6 days

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Beds: 2
Baths: 1
SqFt: 1,074
Lot Size: 9,801
Year Built: 1950
APN: 02-14-30-182-012

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

Value

Estimated Value: $173,000
County Market Value: $165,800; 2025
Assessed Value: $82,900; 2026

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $168,884
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $172,000; 01/16/2026
MLS: $169,000; 07/07/2026
Document Type: Warranty Deed

Opportunity

Opening Bid: $580
Bid / Value: 0.34%; of $173,000
Property Tax 2025: $4,502; annual bill · not the amount owed
Equity (est.): $6,085; 3%
Monthly Rent: $1,330; HUD fair market rent (2 bd)
Gross Yield: 9.23%

Opening bid

$580

Assessed value

$82,900

Market / AVM

$173,000

Property tax 2025

$4,502

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Nicholas Gay
Owner 2 Name: Jessica Gay
Mailing Address: 23740 Denton St Apt 37D, Clinton Township, MI 48036
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 2
Total Bathrooms: 1

Deal analysis

Date	Status	Price	Days on Market	Agent	Office
01/16/2026	Closed	$169,000	173	Krysta Whitbread	Caldera Real Estate Group
01/04/2026	Pending	$169,000	1	Krysta Whitbread	Caldera Real Estate Group
11/04/2025	Active	$169,000	36	Krysta Whitbread	Caldera Real Estate Group
11/03/2025	Coming Soon	$185,000	1	Krysta Whitbread	Caldera Real Estate Group
07/22/2024	Closed	$75,900	387	Gary Solomon	Keller Williams Realty Great Lakes

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
01/16/2026	First	$168,884	Fha	United Wholesale Mortgage	360	02/01/2056	202600004992

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
01/16/2026	First	$168,884	Fha	United Wholesale Mortgage	360	02/01/2056	202600004992	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
01/16/2026	01/20/2026	$172,000	Warranty Deed	202600004992	Yes	Financed	Nicholas D Gay, Jessica Gay	Richard D Losh
12/20/2021	12/28/2021		Intrafamily Transfer	202102294293	No	Cash Purchase	Richard D Losh, Richard D Losh	Rick Losh, Richard D Losh
05/14/2015	06/09/2015	$70,000	Warranty Deed	5073506	Yes

Your maximum bid

$101,106

Walk away above this. Projected profit at the ceiling: $51,900 (30% of ARV).

Opening bid $580

Room to bid $100,526

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

History-guided suggestion

$33,510

Under max by $67,595

≤ 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 $101,106 — 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 $173,000. 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: $173,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$13,840
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 ~$260/month.: −$2,855
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): −$51,900
Maximum bid: $101,106

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.

24260 Rosebud Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

24260 Rosebud 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

Open Mortgages

Mortgage History

Sale History

County records

Macomb County rules

Historical comps

Verify before you bid