AUCTION ID #: 390051 Bookmark and Share
Absolute Auction-Single Family Home Columbus Ohio, Market at $64k
Item 390051  
Final Bid: USD $16,100
Number of Bids: 34
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 08-14-08    12:00 AM ET
Auction Closed: 08-20-08    06:10 PM ET
Asset Details
Seller Information
   
Seller Name: Lwbr2000
Rating: Seller Rating - 2.5 (3)
Location: 1742 Frankfort St.
Columbus, OH    45011
View Seller's other items
 
 
Bid Increment: $250
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $1
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 2.5%
Page Views:
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Asset Information Additional Details Your Bid History
This auction has been amended by the Seller on Nov 06, 2008 at 11:50 AM prior to any bids being placed.


Item Specifics
 
Residential Properties  
  Address 1742 Frankfort St.OH
  Number Of Bedrooms 3.00
  Number Of Bathrooms 1.00
  Living Space 0.0
  Year Built
  Annual Taxes $981.00
  Property Condition Full
  Property Condition Wood/Aluminum
  Heating System Central
  Cooling System None

Asset Description

For 20 more Absolute Auctions and many other great deals, be sure to visit the LWBR Storefront:

http://www.bid4assets.com/storefront/?sfid=435

 

This is an absolute auction; high bidder takes it all, no reserve.

1742 Frankfort Street, Columbus Ohio 43206

Instant Equity-County Value of-$64,000 (please verify at Frankin County Auditor's site; www.franklincountyohio.gov

Nice house, 1288 sq. feet; 644 1st. floor, 644 upper floor (2 stories); 6 rooms in total.  This is a great for rehabbing and renting, fixing up and re-location or flipping.

 Zillow's estiimate is $81,000; great area comps.

 Comps:

  • 1705 E. Frankfort St. Price $80k, Sold on 2/1/08, Bedrooms 3, Baths 1, 1,250 sq. ft built 1942
  • 1061 Lilley Ave. Price $98k, sold on 6/27/08, Bedrooms 3, Baths 2, 1,484 sq. ft. built 1933
  • 1040 Miller Ave. Price $90k, sold on 5/1/2008, Bedrooms 3, Baths 1, 1,414 sq. ft. built 1926
  • 1039 Kelton Ave. Price $100k, sold on 3/26/08, Bedrooms 3, Baths 1, 1,748 sq. ft. built 1929
  • 1154 E Whittier St. Price $125k sold on 5/9/08, Bedrooms 3, Baths 1, 1,652 sq. ft. built 1905
  • 961 Oakwood Ave. Price $95k, sold on 4/21/08, Bedrooms 3, Baths 1, 1,614 sq. ft. built 1920

We have a large mortgage portfolio that we are liquidating. We have many houses all over the country up for absolute auction; see our other properties. This is a great investment in Columbus, Ohio.  We have several other houses for sale in Ohio, start your portfolo today!

All information taken from the Frankin County Auditor's site and Zillow. Please due all due diligence and contact county for additional information. Any potential bidder should verify the information.

Current County Market Value

  • $64,000

 

This property is being sold free and clear! There are no liens or motgages against this property.

Money Magazine Ranks Columbus #8 Best Big City to Live In http://money.cnn.com/magazines/moneymag/bplive/2006/snapshots/PL3918000.html

 

 

Forbes Names Columbus Third Most Stable Housing Market in U.S.

http://www.forbes.com/2007/10/01/property-stable-homes-forbeslife-    cx_mw_1001realestate.html

 

Columbus ranks first on Forbes.com list of up-and-coming tech cities

 

http://www.dispatch.com/live/content/business/stories/2008/03/11/tech_city.html?sid=101

 

Columbus Chamber of Commerce:

http://www.columbus.org/index.aspx

 

City of Columbus Oficial Site:

http://www.cityofcolumbus.org/

 

Columbus, Ohio:

http://td.ci.columbus.oh.us/

  

You are bidding on the full purchase price. A 10% non-refundable deposit is due within 48 hours. Full payment is due within 14 days of close of auction. Seller may consider financing for qualified buyers. There is a 2.5% buyer's premium associated with this auction.

 Any bidder should do their due diligence to make sure that this is the investment opportunity for them. We supply the information with no warranties of any kind. The property is sold as-is, where-is with no warranties expressed or implied

 


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Additional Terms of Service
Buyer's premium and closing costs cannot be financed. Buyer pays their share of closing costs.


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 2.50% 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
  • Wire Transfer
  •