Yep, that it is....more on the high side of it.
In April 2014 I purchased a home that was foreclosed upon in Warren.
We had a $40,000-ish budget, and looked at foreclosed houses mostly between $35k-$40k in the Warren or Roseville area, as that is where we could afford to buy a home.
I looked at many, many houses for sale, most houses were in better shape than the one I eventually purchased, however the yard layouts all sucked (small lots and thus the garages were all offset back behind the house...because of this, getting my trailer between the lot lines (edge of driveway) and the houses would have been nearly impossible at night and there is no way I wanted to do that repeatedly (as little as couple times a month to as many as a few times a week).
When I saw the MLS list update with the house I [eventually] bought, I immediately knew it was my only hope of having a nice yard/garage that wouldn't frustrate me every time I wanted to make use of one of them. the location was great...right off I-696 (11 Mile) and Schoenherr so going anywhere is a breeze. the garage is a nice 24' x 24' block garage that already had it's own sub-panel (I have since had it re-done so that the garage has it's own main panel and is completely separate from the house). They driveway is 16' x 80' of concrete.
By todays American standards the house is tiny at only 1,100 sq. ft., however it is more than enough for us (family of 4).
The lot is a big (triple) 140' x 135' and is completely fenced in around the entire perimeter (grandfathered in as nowadays you can only fence in your yard from the front corner of your house to the rear of the property).
Lastly the house sits at the end of a small dead end street, so to me this was clearly it.
I liked everything about it, and after making several bids on other houses and "losing" (even at 10% OVER asking price, as a cash buyer, and being a owner occupier) I set the selector switch to kill (at least I hoped) and made a $30,000 cash offer and HUD's $26,000 asking price and waited anxiously for the 3 weeks that the bidding was open. you know the rest.
It is no mansion by any stretch, and it was originally built in 1940 (has had two. maybe three? additions throughout the years), but I still love it. It definitely needed a lot of work and I am doing most everything myself, as spare time, cash, and help allows...which isn't often. My youngest son was born just before purchase so extra time and cash have been tight and progress is slow... If I had a bigger budget or believed in using a bank/loan it would have been a much easier process, without question...or if I was a more handy person...or had any help what-so-ever.
I am in no hurry and it is finally starting to come around. I feel that having a place to store my trailer and a garage to work out of in the meantime (has power) made it well worth the price of admission. The house will just be a "free" bonus whenever I get on my game and finish it! After initial purchase, I bought most of the materials I thought the house needed...most of them are still waiting to be used....Hahahaha.
I probably should have bought a different house, one that was more move in ready...however I love this yard/garage/driveway. one thing I learned is that you can always fix up/expand your house...it is almost impossible (or at least not remotely feasible) to expand your lot.
As I stated in my other post above, I currently live in Sterling Heights (18 Mile & Mound). I work in Clinton twp. (M-59 / Hall Road / 20 Mile & Groesbeck).
This is the house as it sits today (which honestly doesn't LOOK any different than when I bought it a year and a half ago...has it been that long already?!? : o Yikes! ). I have about $40,000 invested into it, including all indoor & outdoor LED lgihting & fixtures, all new shop lights in the garage, complete re-wire of the garage to add 230V and separate it from the house, doing a good bit of the roof, and all the materials to redo the plumbing (PEX-a), all the floors (combination of laminate and tile...no carpeting in my house!, and nice new appliances...jumped the gun a good bit here...hahahaha)
The house sits center (side to side) on the lot, but it is hard to get a photo from the right side (facing the house)