Foreclosure for Sale on Polk St, Dearborn, MI 48124

Foreclosures › Michigan › Wayne › Dearborn › Polk St
Bank-owned REO foreclosure property at Polk St, Dearborn, MI 48124. 4 bed 2 bath 1,635 sq ft Wayne County foreclosure listing.
Foreclosure (REO) Active 84 days on market
Polk St, Dearborn, MI 48124
Est. Value
$185,000
Wayne County · Michigan
4
Bedrooms
2
Bathrooms
1,635
Sq ft
1951
Year built
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Property details
Listing type Foreclosure
Property type SingleFamily
Bedrooms 4
Bathrooms 2
Living area 1,635 sq ft
Year built 1951
County Wayne County
State Michigan
ZIP 48124
Days on Market 84 days
Listing ID 65670910
About this property

This Dearborn, MI property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

📊 Wayne County Market · Updated daily
Active Listings
3,468
Avg. Est. Value
$108,235
Bank-Owned (REO)
503
Pre-Foreclosures
2,965

88 active foreclosure listings in Dearborn, MI.

Browse all Wayne County foreclosures →
❓ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Wayne County foreclosures for additional guidance on the purchase process.
There are currently 88 active foreclosure listings in Dearborn, MI. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition — most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status — eviction may be required if the property is occupied.
🌊 Flood Zone · FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

Check FEMA Flood Map →
🏦 Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
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📍 Location Map · Dearborn, MI Open in Google Maps →
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🏘️ Neighborhood Profile · ZIP 48124 · U.S. Census ACS
Population
34,046
Median Age
39.3 yrs
Households
13,800
Median Household Income
$76,889
Median Home Value
$175,700
Median Rent
$1,217/mo
Owner-Occupied
80% of homes
Vacancy Rate
6% of units
Unemployment Rate
5.3%

~26% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
🏫 Schools · NCES 2024–25
Schools in ZIP 48124
🏫 Elementary
Duvall Elementary School
Grades Pre-K–5·DEARBORN ZIP 48124

Source: NCES CCD 2024–25 · nces.ed.gov

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