($1-Bid) (No-Reserve) House in Greater St. Louis Area

The house is blocks from Elemetry School, Several Churches, a Fitness and Sports Complex, restaurants, and bars. Very close to City Attractions and Airport.

Property has total of 4 City Lots (25' x 125' each with total of 100' x 125')

Yearly Taxes: $650/ Year

Rent Estimate: $964/Month

About St. Louis:
A "Gamma" global city with a metropolitan GDP of more than $160 billion in 2017, metropolitan St. Louis has a diverse economy with strengths in the service, manufacturing, trade, transportation, and tourism industries. Major companies headquartered or with significant operations in the city include Ameren Corporation, Peabody Energy, Nestlé Purina Pet Care, Anheuser-Busch, Wells Fargo Advisors, Stifel Financial, Spire, Inc., Millipore Sigma, Fleishman Hillard, Square, Inc., U.S. Bank, Anthem BlueCross and Blue Shield, Federal Reserve Bank of St. Louis, U.S. Department of Agriculture, National Geospatial-Intelligence Agency, Centene Corporation, and Express Scripts. Major research universities include Saint Louis University and Washington University in St. Louis. The Washington University Medical Center in the Central West End neighborhood hosts an agglomeration of medical and pharmaceutical institutions, including Barnes-Jewish Hospital.

Selling "As-is"
The seller owns the property outright.  The Winning Bidder will become the 100% owner of the property. This bid is for 100% of the purchase price of the property. The seller will issue a quitclaim deed. This property will be sold to the winning bidder.

The seller is selling “As-is” and has not done any inspection of the property. The house should not be considered move-in ready. The house may need a lot of work. The house is Vacant.

Buyer pays = Winning bid + $500 for document processing + 10% of winning bid ($100 Minimum).

Property Taxes:
The buyer is to assume responsibility for paying the past-due property taxes of about $2100 (2022 pay 2023 and 2023 pay 2024) and property taxes that will be due this year. The taxes are not due at the time of closing. The buyer can pay these taxes directly to the county at a later date.

Mode of Payment:
Mode of payment is wire transfer. No credit card payments.

The payment deadline is two business days after the auction ends. The winning bidder must email the seller the buyer’s name and address exactly as they wish it to appear on the deed, immediately after the auction. The seller will then send the necessary paperwork for signature along with payment instructions. It is the seller’s responsibility to record the deed with the county