Paper Rich in Macomb County, MI
Long held, worth twice what was paid, owner lives elsewhere. A lot of paper equity and no one living there: the cost of holding is easier to see than the gain. Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance.
Every layer has to be true
- Owned for 15 years or more
- County value is at least 2x the last sale price
- The owner's mailing address is not the property
A property is counted only when all 3 are true at once.
The Macomb County stack in numbers
- Median county value
- $160,000
- Median years owned
- 28
- Owner lives elsewhere
- 100%
- Average tax owed
- $4,300
- Score 9 or 10
- 0%
Top ZIP codes: 48089 WARREN (884), 48091 WARREN (580), 48310 STERLING HEIGHTS (317), 48047 CHESTERFIELD (280), 48312 STERLING HEIGHTS (278), 48035 CLINTON TOWNSHIP (247).
Reading this number
Owned 15 years or more, value at least 2x the last sale price, owner does not live there.
Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance. Government, bank, builder and church owners are left out. Owner names, mailing addresses and house numbers are inside the app.
Other stacks
- Last Straw4,098
Two years behind on tax and a lien or foreclosure case on top.
- 2 signals stacked
- Long Hold Estate2,276
Held 30 years or more, now in a trust or estate.
- 2 signals stacked
- Far Away Drift58
Out of state for 10 years or more and behind on tax.
- 3 signals stacked
- Equity Under Fire1,403
Lots of equity, with a lien, a foreclosure or 2+ years of tax owed.
- 2 signals stacked
Questions
What is the Paper Rich stack?
Owned 15 years or more, value at least 2x the last sale price, owner does not live there. It is a fixed recipe of 3 signals taken from county records; a property is in the stack only when every one is true.
How many Paper Rich properties are in Macomb County, MI?
4,977 properties today. The count is refreshed every week, and government, bank, builder and church owners are left out.
Does Paper Rich mean the owner wants to sell?
No. Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance. It is a way to find properties where several records point the same way: a strong reason to reach out first.
Every Macomb County Paper Rich property, with the reasons.
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