Live lots like this one
HUD Home — 1466 Lake James Dr, Prudenville, MI 48651
This lot sold for $250,000 at government auction in Prudenville, MI on August 21, 2026.
List Price
$0
Listed Until
Aug 21, 2026
Bids accepted in rolling periods
Market demand: Real Estate like this sell about 25% of the time, typically ~3 bids. Based on 1,636 completed sales over the last year.
- This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
- The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
- Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.
The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.
- This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
- County tax sales in Michigan: Michigan is a tax deed state. The county sells the property itself. You take ownership at the sale, subject to whatever the sale did not wipe out. There is no statutory redemption period after the sale. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.
We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Compare all 51 state tax-sale regimes. State-level rules, not legal advice.
FHA-insurable with repair escrow
Condition & financingNeeds roughly $500-$5,000 in repairs - livable, but budget for the fixes.
- Still FHA-financeable: the repair cost can be escrowed into the loan at closing.
- Eligible for HUD's $100-down payment program for owner-occupants.
- FHA insurability is set by HUD; the repair figures are HUD's ~$5,000 rule of thumb, not a per-home guarantee. Always get an inspection.
Seller
🏛️ U.S. Department of Housing and Urban Development
Condition: As-is
Full Description
HUD foreclosure property. Case #263-441652. Single Family Home · 3 bed · 2 bath · 1344 sqft · Built 1965. 1466 Lake James Dr, Prudenville, MI 48651. Owner Occupants, Nonprofits, and Government Agencies only. Contact a HUD-registered broker to submit an offer.
Pickup Information
U.S. Department of Housing and Urban Development
- This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
- The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
- Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.
The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.
- This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
- County tax sales in Michigan: Michigan is a tax deed state. The county sells the property itself. You take ownership at the sale, subject to whatever the sale did not wipe out. There is no statutory redemption period after the sale. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.
We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Compare all 51 state tax-sale regimes. State-level rules, not legal advice.
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Market data: see how government surplus prices are moving in the Surplus Price Index and how often each category sells in the Surplus Market Report.