Real Estate > Residential > Multi-Family > # 1191728

(EST. 500K) 3 story building with restaurant and bb hotel $118k appraisal

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Seller Name:	Minaabdo
Rating:	(2)
Location:	308 Point St Saltsburg, PA 15681 United States

Final Bid:	$64,821
Number of Bids:	96
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Closed
Auction Started:	03-23-25 08:00 AM ET
Auction Closed:	04-06-25 10:19 PM ET
Bid Increment:	$500
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
Page Views:	6717

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Asset Information

Item Specifics - Residential Properties

Residential Properties
Address	308 Point St Saltsburg, PA 15681 United States
Lot Size	2614
Number Of Bedrooms	12.00
Number Of Bathrooms	3.00
Living Space	5918.0
Year Built	1940
Annual Taxes	$2900.00
Property Condition	fair
Parcel Number	36-001-501.01..-000
Water	public
Sewer	public
Occupancy	Vacant

Asset Due Diligence Browser

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Asset Description

Payment Type

Third-Party Settlement Agent: Kriss Law

Private Settlement Agent Terms

Escrow and deed preparation and recording to be handled by Kriss Law/Atlantic Closing and Escrow, who will be emailing buyer within one business day of auction's close. Buyer to pay a closing fee of $750 plus recording fees and transfer taxes. Buyer has 4 business days from auction's close to fully fund escrow for balance due or else may be declared in default.

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 satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
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.