AUCTION ID #: 427575 Bookmark and Share
$1 No Reserve! S. Florida! 3,254 sq ft! Built 2006! DUPLEX! Remodeled!
Item 427575  
Final Bid: USD $80,250
Number of Bids: 27
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 10-29-09    08:00 AM ET
Auction Closed: 11-04-09    02:45 PM ET
Asset Details
Seller Information
   
Seller Name: KenhillProperties
Rating: Seller Rating - 5 (20)
Location: 1509/1511 Gilbert ave s
Lehigh Acres, FL    33973
View Seller's other items
 
 
Bid Increment: $1,000
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: 9.0%
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Item Specifics
 
Residential Properties  
  Address 1509/1511 Gilbert ave s
Lehigh Acres, FL 33973
United States
  Number Of Bedrooms 6.00
  Number Of Bathrooms 4.00
  Living Space 3,254.0
  Year Built 2006
  HOA Fee $0.00 monthly
  Property Condition excellent
  Heating System yes 1 for each unit central
  Cooling System yes 1 for each unit central
  Roofing Architechual Shingles
  Parking garage and driveway for each unit

Asset Description
 

1509 Gilbert Ave S Lehigh Acres, Florida 33973

3,254 Sq ft (1,627 in each unit)

2 Separate 3 bedroom 2 bath units

2 Upgraded Kitchens with Tile throughout

2 Sets of Laundry Hookups (1 in Each Garage)

6 New carpeted bedrooms ( 3 in each unit)

4 Tiled Baths ( 2 in each unit)

2 Seperate Central Heating and A/C units

2 Seperate Sets of water softeners

2 Seperate Garages (1 for each unit)

2 New carpeted family rooms

Huge Backyard Check out the photos

New Landscaping!

Year Built
2006
New Building Construction Permit Finalized 1/18/06
$227,728
2006 Building Vaule with Land (when the house was completed and still went higher in value)
$275,000
Opening Bid
$1
Buy It Now
$149,000
 
 

1509/1511 Gilbert Ave S. Lehigh Acres Fl. 33973

A New Construction permit in the amount of $227,728 was pulled and was finalized on 1/18/2006 everything was signed off and approved as finalized new construction. This was the construction cost only The lot was additional.

3,254 SQ FT!!

(2) 1 Car Garages

Construcion costs including the land when this was built was over $250,000 meaning the builder would have had to sell the property for over $250,000 to make a profit. This is why the unit foreclosed. Timing is everything, and the market crashed just as the builder finished and wanted to sell.

3 Bedrooms 2 Bathrooms on EACH SIDE!

Yes you are bidding on the full purchase price of BOTH UNITS!

NO HOA ( HOME OWNERS ASSOCIATION) DUES OR FEES OF ANY KIND!

At the "buy it now" price of $149,000 that is a price of over $100,000 LESS than the cost to build it with the land forget the labor and heartache associated with building a brand new duplex from the ground up.

Roof with Architechual Shingles.

Property built to Hurricane Code!

Insurance costs approx $800 per year.

This is our newest property available and has never been offered for sale to anyone. We have sold 5 duplex's that are very similar to this one but they have all sold. This one is the largest yet at 3,254 sq ft.

This property is 3,254 sq ft with a total of 6 Bedrooms, 4 Bathrooms, and (2) 1 car garages.

Tile floors in the 2 Kitchens and 4 Bathrooms also tile floors in both entry ways, baths, and kitchens. Brand new carpet in both family rooms and all 6 bedrooms.

We have already started to see increases in this area. It experienced one of the worst declines in the nation and now houses that used to be 300k and were lowered to less than 1/2 their value are now seeing increases.

1,627 Sq Ft in EACH UNIT 3 Bedrooms and 2 Baths on each side a 1 car attached garage also lead into the hall of each unit!

When things go up modestly in the rest of the country S. Florida is always the 1st to explode. This has happened over and over again. But now you can get a house built just 3 years ago for over $250k(with the land)and starting at just $1 with NO RESERVE!!!

Who cares about buying a house that was built for 50k in 1971 then exploded up to 400k during the boom and has now settled at 250k you are still paying 5 times more than what it was built for and your stuck with the repairs required on a 40 year old house.

You can buy this house built in 2006 at a construction cost alone of $ 227,728k, starting at $1 with no reserve.

Close to Westminster Golf and Country Club (72 HOLE GOLF COURSE) Less than 1/2 mile

S. Florida in experiencing a huge increase in sales volume over last year! This could be your last chance to get a 2 family home for less than $200,000 in S. Florida considering they cost over 200k to build if you got the land for free..

We sold a duplex around the corner nearly identical for $118,000 on this auction site (about 3 sales ago).

Both units are in great condition, if you rented each side for only $750 per month you would make $1,500 per month. Or rent 1 side for $750 per month and leave the other side as your own vacation home! If you live on the east coast now is the time to get a summer house in S. Florida. The best part about this one is that it is a duplex so you can make rental income and still have a vacation home for yourself. Let the tenant in 1 unit pay for your vacation home!

Places rent very fast in this area only 8 min. to Ft Myers Airport (RSW Regional Southwest Florida)

The entire interior of the house has been repainted and there is new carpet ( bedrooms and family rooms)or Tile ( kitchens, entry, and baths) throughout this house. NO VINYL FLOORING!

Now is the time to Buy! The opening bid is only $1. The property will be sold to the highest bidder regardless of price!

CASH SALE ONLY!!

NO hidden terms. The auction is starting at $1. There is also a "buy it now" option for $149,000. Once a bid is placed, the "buy it now" option will dissappear and the property will be sold FREE AND CLEAR to the winning bidder with no liens or back taxes. I have had the bidding exceed the "buy it now" price in the past.

With houses built after 2004 they are all built to hurrican code and the insurance is very cheap ( the last property I insured in Lehigh Acres cost me less than $800 per year for very good coverage)

We have many properties completely remodeled and rented in both NY and FL. Right now there is no better place to invest in real estate than S. Florida. These are record unheard of prices and they are climbing back up quickly!

These properties were selling faster than they could be built during the boom for over 300k now is your chance at $1 no reserve.

We welcome inspections and questions anytime prior to auction close. Once the auction closes the total funds are due within 3 business days.

Keep 1 side as a VACATION home and let the other side make you money  Or rent out both sides and collect the rent while we ride the wave back to its previous value.

THE BIDDING MAY HIT $200,000 OR IT MAY SELL FOR LESS THAN $100K. WE HAVE SOLD MILLIONS OF DOLLARS WORTH OF REAL ESTATE ON BID4ASSETS AND ARE AUCTIONING THIS HOUSE WITH NO RESERVE NO GIMMOCKS AND NO HIDDEN TERMS.

CASH SALE ONLY!!

We are not permited to put our phone # on the listing so if you want to ask a question you must click the "ask seller a question" link at the top of the listing!

We like an open line of communication so feel free to call or email anytime.

 
 
These are proposed tax amounts taken directly from the Lee County website Property Tax Estimator with different sales prices shown to give the buyer an idea of how much to anticipate for taxes. If you plan to reside in the property there is an additional discount available on the taxes for "Homestead"
Proposed Sales Price
Approx Assessment Amount
Approx Tax Amount
$100,000
$90,000
$1,428
$125,000
$112,500
$1,785
$150,000
$135,000
$2,142
1.586% TAX RATE OF ASSESSED VALUE YEARLY WITH NO HOMESTEAD EXCEMPTION
The Lee County Property Appraiser's Office provides this Estimator as a service to the public and neither warrants nor certifies the tax amounts shown herein to be representative of current or future taxes.
   
   
   
   
   
   
   

Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Additional Terms of Service
Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. We have done our best to describe this property but the house is sold as is with no warranties expressed or implied. Entire funds to be transferred within 3 working days or sooner via wire transfer, money order, cash or bank check only. You will also need to include $1,995 to cover the closing costs and paperwork transfers. Once full funds are received ( bid price + buyers premium + $1,995 for closing costs) The deed will be recorded into the buyers name. You will have proof of owenership within 3 business days of the funds clearing our bank. FREE AND CLEAR TITLE. NO LIENS OR BACK TAXES OF ANY KIND. THE BUY IT NOW OPTION OF $149,995 IS ONLY VALID UNTIL A BID IS PLACED. ONCE A BID IS PLACED THE DUPLEX WILL BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE EVEN IF THE PRICE EXCEEDS THE ORIGINAL "BUY IT NOW" PRICE OF $149,995. All information is deemed reliable but not guaranteed. Please feel free to inspect this property anytime prior to auction close. Cash Sale only!
Inspection Details
We allow Inspections prior to bidding! If you require an inspection, it must be done prior to auction end. Click the link at the top that says "ask seller a question". If you would like to see the property prior to bidding


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 9.00% 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
  • Wire Transfer
  •