AUCTION ID #: 368373 Bookmark and Share
Bank Foreclosed House in OHIO - $71,000 MARKET VALUE!
Item 368373  
Winning Bid: USD $6,999
Number of Bids: 1
Winner: mattwalsh22
Reserve: No Reserve!
Status: Sold
Auction Started: 12-04-07    12:00 AM ET
Auction Closed: 12-06-07    11:45 PM ET
Asset Details
Seller Information
   
Seller Name: RCEstate
Rating: Seller Rating - 5 (13)
Location: Cleveland, OH   
View Seller's other items
 
 
Bid Increment: $100
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $6,999
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset was Sold
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Asset Description

This is a bank foreclosed property in Cleveland, OH. It is free and clear of all bank liens. Buyer is responsible for any other dues that may exist. We know there are about $1700 in back taxes owed which transfers with title. Still a great deal considering the $71,000 Market Value ($15,200 land + $55,900 house). Home may need repairs. Exact amounts unknown. This is investment property owned by the seller and the seller has never personally been to the property. Also we only have the three pictures provided.

ADDRESS: 11917 Holburn Avenue, Cleveland, OH

OCCUPANCY 1 FAMILY BEDROOMS 2
STYLE RAN FULL BATHS 1
QUALITY C HALF BATHS 0
PORCH OPEN PLUMB FIXTURES 5
EXTERIOR WALLS FR GARAGE TYPE DET
BASEMENT TYPE CWL GARAGE BUILT 1954
ATTIC TYPE N GARAGE TYPE DET
HEAT TYPE FHA GARAGE CAPACITY 1
YEAR BUILT 1953 GARAGE SIZE 280
EFFECTIVE YEAR BUILT 1957 LIVING AREA BSMT 0
ROOF TYPE GBL LIVING AREA 1 696

 

Paypal, Check or Money Order Accepted. Please allow 6-8 weeks maximum for the deed to be fully recorded and sent back to you.



Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Money Order
  •