16511 Log Cabin St, Highland Park, MI 48203

3 beds1 bath1,172 sqft

Foreclosed
Foreclosure Estimate: $31,397
Below Zestimate®: $3.1K (9%)

This property is owned by a bank or a lender who took ownership through foreclosure proceedings. It may soon be listed for sale. This property is not found on a multiple listing service (MLS).

A Foreclosure Estimate is the price Zillow predicts a property will sell for if it's listed as a foreclosure (bank-owned property or real estate owned). Learn more

Zillow predicts this property will sell for $31,397 if it's listed for sale as a foreclosure. This is 9.0% or $3,106 below the Zestimate® home valuation of $34,503. Learn more

My Notes

Edit
This home is a Real Estate Owned (REO)/Post Foreclosure. Once a lender has foreclosed on a property it is soon put up for public auction. If bids fall short of the asking price the bank will buy back the home and attempt to sell it on the open market. However, lenders are not real estate agents, meaning that they will often accept offers significantly below market value!

Facts

  • Lot: 3,049 sqft
  • Single Family
  • Built in 1922
  • 1711 days on Zillow
  • Heating: Forced air
  • Last sold: Apr 2010 for $1,399

Features

  • Fireplace
  • Parking: Garage - Detached, 1 space, 360 sqft

    Construction

    • Exterior material: Other
    • Roof type: Asphalt
    • # Stories: 2.0
    • Structure type: Other

    Other

    • Floor size: 1,172 sqft
    • Lot depth: 100
    • Lot width: 30
    • Parcel #: 08009594
    • Zillow Home ID: 88250457

    Foreclosure Information 

    DATEForeclosed$000,000The lender, Unknown, has taken ownership of this property through a foreclosure auction for the amount of $000,000. The lender may list it for sale as a foreclosure property in the future. Zillow's Foreclosure Estimate predicts this property will sell for $000,000
    DATEForeclosure auction$000,000The owner of this property has been served a Notice of Trustee Sale which led to foreclosure and the lender taking ownership. A foreclosure auction was held on Date
    DATEHome in default$000,000The owner of this property has been served a Notice of Default. The loan in default was issued by Unknown on Date in the amount of $000,000
    DATEPrevious sale$000,000The home was last sold for $000,000.
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    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

    Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
    $34,503
    +$1,510 Last 30 days
    $26K
    $42K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $744/mo
    +$1 Last 30 days
    $595
    $841
    Zestimate range
    Zestimate forecast
    $XXX,XXX
    0
    One year
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    Neighborhood

    Market guide

    Zillow predicts Martin Park home values will decrease 2.7% next year, compared to a 0.8% fall for Detroit as a whole.

    Foreclosures will be a factor impacting home values in the next several years. In Martin Park, the number of foreclosures waiting to be sold is 16.9% less than in Detroit, and 696.5% greater than the national average. This lower local number could help Martin Park home values rise more quickly than other regions in Detroit.

    Learn more about forecast calculations or Martin Park home values.
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