Reapply someone else's banned domain

I have a domain I purchased from someone else. The site has good page rank, backlink and traffic. But google banned because this site content was simple and was not updated for long time.
I want to know if I update the site and submit it to google, what would be the possibility of getting approved?

Thnaks,
Mike

 

possibly. all you have to do is fix the reason it was banned for and appeal.