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AUCTION ID #: 428198 Bookmark and Share
Absolute Auction-Single Family Home Cleveland, Ohio Zillow $79k
Item 428198  
Winning Bid: USD $1,900
Number of Bids: 14
Winner: rogerga
Reserve: Met
Status: Sold
Auction Started: 11-03-09    06:15 PM ET
Auction Closed: 11-07-09    03:07 PM ET
Asset Details
Seller Information
Seller Name: alice73
Rating: Not yet rated
Location: 8007 Maryland Ave
Cleveland, OH    44105
View Seller's other items
 
 
Bid Increment: $100
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: 7.5%
Page Views:
Asset was Sold
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Asset Information Additional Details Your Bid History
This auction has been amended by the Seller on Nov 07, 2009 at 3:02 PM prior to any bids being placed.
Item Specifics
 
Residential Properties  
  Address 8007 Maryland Ave
Cleveland, OH 44105
United States
  Number Of Bedrooms 3.00
  Number Of Bathrooms 1.00
  Year Built 1912
  Annual Taxes $900.00
  Water City
  Sewer City
  Heating System Forced Air
  Roofing Asphalt
  Parking Detatched Garage
  Occupancy Vacant

Asset Description

 

This is an absolute auction; high bidder takes it all.

 

8007 Maryland Ave. Cleveland Ohio 44105

This is another steal.  This house was recently sold for $26,667 (see Cuyahoga County Assesor's Site).

Lots of equity in this Colonial house and fantastic area comps. Built in 1910 and updated in 1940, this house has 1,352 sq. ft. It has 6 rooms total, 3 Bedrooms and 1 Bath. The kitchen & bath need a little work. The roof has no leaks and the garage is like new(only 12yrs old). Taxes are paid through the end of this year.

Zillow estimates it at $79,000. Flip it, rehab and rent or relocate. Whatever you do, don't pass up a great offer like this one.

Neighborhood-South Broadway

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

  • 8306 Vineyard Ave. Price $85k, Sold 4/2/08, Bedrooms 3, Bath 1, 1,398 Sq. ft. Built 1925
  • 8211 Garfield Blvd. Price $85k, Sold 7/24/08, Bedrooms 4, Bath 1, 1,284 Sq. ft. Built 1954
  • 4867 E. 90th St. Price $82k, Sold 7/25/08, Bedrooms 3, Bath1, 1,284 Sq. ft. Built 1954
  • 4615 E. 86th St. Price $115k, Sold 6/19/08, Bedrooms 3, Bath 2, 1,056 Sq. ft. Built 1927
  • 493 E 109th St. Price $104k, Sold 2/29/08, Bedrooms 3, Baths 1.5, 1,582 Sq. ft, Built 1912
  • 467 E 118th St. Price $65k, Sold 6/26/08, Bedrooms 4, Baths 1, 1,443 Sq. ft. Built 1910
  • 483 E 118th St. Price $83k, Sold 3/27/08, Bedrooms 4, Baths 1, 1,404 Sq. ft. Built 1915
  • 672 E 117th St. Price $85k, Sold 5/6/08, Bedrooms 3, Baths 1, 1,540 Sq. ft. Built 1920
  • 343 Bratenahl Rd. Price $195k, Sold 6/24/08, Bedrooms 5, Baths 4, 2,986 Sq. ft. Built 1910
  • 325 Corning Drive, Price $100k, Sold 1/29/08, Bedrooms 3, Baths 2.5, 1,668 Sq. ft. Built 1962
  • 9007 Kempton Ave. Price $111k, Sold on 3/21/08, Bedrooms 4, Baths 1, 1,481 Sq, ft. Built 1918
  • 48 Haskell Dr, Price $290k, Sold on 6/27/08, Bedrooms 3, baths 3, 2,740 Sq, ft. Built 1997

All information taken from the Cuyahoga 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 Zillow Estimate

$79,000

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

Cleveland Official Municipal Site:

http://www.city.cleveland.oh.us/

City Economic Development:

http://www.city.cleveland.oh.us/government/departments/econdev/index.asp

Greater Cleveland Partnership Site:

http://www.gcpartnership.com/economicdevelopment.aspx

Greater Cleveland Partnership:

http://www.cose.org/

Cleveland Plus Site:

http://www.clevelandplus.com/indexcz.asp

 

You are bidding on the full purchase price. A 10% non-refundable deposit is due within 48 hours. Full payment is due within 5 days of close of auction. There is a 7.5% buyer's premium associated with this auction. We do offer paypal as a payment option. A Quit claim deed will be given at closing. Closing will be handled by Ohio Realtitle. 

The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

 

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


Bid4Assets Real Estate Buyer Responsibilities

Bid4Assets reminds all potential bidders on real estate 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, and b) the satisfactory completion of a title search.

By placing a bid, you acknowledge that any statements made by the seller pertaining to the condition or market value of the property are subjective, and do not release you from your responsibility to perform a due diligence review.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 7.50% 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
  • Settlement Agent
  • Wire Transfer
  •