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This is an absolute auction; high bidder takes it all, no reserve. This is a true handyman's special. Needs the following work, 1 bath is missing, 1 bath toilet is damaged, 1 bath has just a toilet and needs to be reattached, 2 ceilings have damage, no a/c but has a water heater and furnace. No foundation problems seen. Has a wood patio & brick exterior. The three baths are in poor condition but the kitchen is in good condition. 3 Bedrooms and 3 Baths,

2852 Magnolia Ave, St. Louis Missouri

Zillow Estimate-$182,000-3 stories

• School District-St. Louis City
• Nearby School-McKinley Classical Junior Academy
• Neighborhood-Fox Park

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 St. Louis Mo.  We have several other houses for sale in Missouri, start your portfolo today!

All information taken from the City of St. Louis Assesor's Office and Zillow. Please due all due diligence and contact county for additional information. Any potential bidder should verify the information.  Parcel #14260001300

Recently sold on 11/05/2007 for $81,748

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

What makes Saint Louis a great place to invest? 

Real Estate Investment

• HomeVestors of America Inc. ranked St. Louis fourth among the top 10 markets for real estate investing for 2006

Quality of life:

• Forbes magazine ranked St. Louis No. 4 on its "Most Affordable Places To Live Well" list, which rated cities according to housing affordability, cost of living, quality of life, and best arts & leisure offerings.

• Expansion Management magazine named the St. Louis MSA as a Four-Star Quality of Life Metro in 2007.

• St. Louis ranked as the 18th smartest place to live on Kiplinger's Personal Finance magazine's first list of "50 Smart Places to Live" in 2006 based on criteria of median home price, cost of living, economic vitality, education, health care, local arts scene, and recreational facilities.

Best City for Young Professionals

• Forbes magazine named St. Louis the 14th "Best City For Young Professionals" in the June 2007 issue based on the high share of best big businesses and small businesses that call St. Louis home, the number of graduate students attracted to the region, the never-married population and the salary to cost of living ratio.

Best City for Relocating Families

• St. Louis ranked No. 9 among large metro areas in the U.S. 2007 Best Cities for Relocating Families ranking by Worldwide ERC and Primacy Relocation. The study was based on factors such as cost of living, crime rates, education, climate, arts and culture, diversity, and number of physicians per capita.

Most Affordable

• In August 2007, Forbes magazine named St. Louis the 7th "Most Affordable U.S. Real Estate Market."
  
  St. Louis was named the second-most affordable large metropolitan area in the country by the National Association of Home Builders in 2005.
  
  St. Charles, Mo., was named on BusinessWeek's "25 Best Affordable Suburbs in U.S." for 2006. The rating used criteria based on cost of living, median home prices, secondary school test scores, and violent crime statistics.
• St. Louis is the most affordable city in the country for children's health insurance and the 9th-most affordable city in the country for families' health insurance, according to a 2006 study by eHealthInsurance.com.

 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

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.