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

2555 Dakar Avenue, Memphis TN 38127

Shelby County Tax Assessor's office appraised $40,800; www.assessor.shelby.tn.us; parcel id 07105600003.

This is another steal. Zillow estimates the value at $55,000.

Lots of equity in this house andgood area comps. Built in 1959, this house is 850 sq. ft. It has a total of 5 rooms,3 Bedrooms, 1 Bath, Kitchen and Den. Nice size lot; .17 acres. The house is located in the subdivision of Ridgegrove. High points-Located in a sub-division near golf course. Vinyl siding, ceiling and roof all in good condition. Repairs needed; copper bathroom & kitchen stripped, sheetrock damaged, water heater and furnace taken.

Neighborhood-Shelby-Forest Frayser, School District-Memphis City School.

Zillow estimates it at $55,000. Flip it, rehab and rent or relocate. Whatever you do, don't pass up a great offer like this one.

Comps (Good value area Comps, all our comps are 2008 sales)

• 4454 Sunny View Dr.. Price $58k, Sold 3/31/08, 3 Bedrooms/1 Bath,850 Sq. ft. built 1959
• 4450 Sunny View Dr Price $53k, Sold 3/31/08,2 Bedrooms/1 Bath, 850 Sq. ft. built 1959
• 4454 Range Line Rd. Price $65k, Sold 6/13/08,2 Bedrooms/1 Bath, 1,106 Sq. ft. built 1960
• 4384 Range Line Rd Price $58k, Sold 3/07/08,2 Bedrooms/1 Bath,864 Sq., ft built 1960
• 2527 Chattering Ln.. Price $70k, Sold 4/04/08, 3 Bedrooms/1 Bath,998 Sq. ft. built 1972

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 Memphis. We have several other houses for sale, start your portfolo today!

All information taken from theShelby Auditor'ssiteand Zillow.Please due all due diligence and contact county for additional information. Any potential bidder should verify the information.

Zillow Estimate

• $55,000

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

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.