GREAT INVESTMENT OPPORTUNITY
HANDYMAN SPECIAL - AKRON, OHIO
YOU ARE BIDDING ON THE FULL PURCHASE PRICE
OR BUY NOW FOR A LOW PRICE
THIRD PARTY ASSESSOR'S FINDINGS
This is a colonial frame two story single family home with 520 sq ft of ground living area and a total of 1208 sq ft. of living space. The home was built in 1916 and has a total of 8 rooms, 3 bedrooms and 1 bath. The basement had a bathroom and kitchen in it at one time and could possibly be converted into a rental apartment.
Heating is forced air. The furnace and water heater are missing and will need to be replaced. The kitchen and bathroom have been gutted and need to be replaced. The home has hard wood flooring throughout, which will either need to be resurfaced or covered. Windows and doors are in good shape. Gutter system is new. Plumbing throughout is new. Rear porch and back door are new. We have already made approximately $6,000 in repairs. A third party evaluated the property and estimated that it may take an additional $14,000 to make the home "move-in-ready". However, please do your own due diligence before bidding!
Please Note: This property is eligible for a $7,500 matching federal grant through the City of Akron. That reduces the needed rehab investment in half....
Rent for this home could generate $650 per month or $7,800 per year.
Taxes are approximately $900 yearly
Insurance is approximately $760 yearly
The home is being sold free and clear! Their are no liens or mortgages against the property.
TO DISCOVER MORE ABOUT THE CITY OF AKRON OHIO USE THE FOLLOWING LINK:
ZILLOW ESTIMATE $45,000
Home Facts
575 Easter Avenue Akron, Ohio 44307 (ZILLOW PAGE) USE THE FOLLOWING LINK:
Summit County Ohio Tax Information (PARCEL # 6711220) USE THE FOLLOWING LINK:
| RESIDENTIAL CARD 1 OF 1 FOR PARCEL 6711220 |
| STYHT |
2 |
HT/AC |
CENTRAL |
| CONST |
FRAME |
FUEL |
GAS |
| MSRY TRIM |
SYSTEM |
FORCED AIR |
| TYPE |
COLONIAL |
ATTIC |
NO |
| YR BUILT |
1916 |
FINBSMT |
| EFF YR |
REC RM |
| YRREMDLD |
FRP PREFB |
| TOT RM |
8 |
FRPL OP/ST |
| BEDRM |
3 |
BSMT GAR |
| FAMLYRM |
PHYSICAL |
35 |
| FULL/BTH |
1 |
FUNC DEP |
| HALF/BTH |
FUNC RSN |
| TOT FIXTRS |
5 |
ECON DEP |
74 |
| BSMT |
FULL |
ECON RSN |
70 |
| GFLA |
520 |
GRADE |
075 |
| SFLA |
1208 |
COND (CDU) |
FAIR |
(100%) |
| PCT CMPL |
DWELLING VAL |
22400 |
|
Nearby Schools
Schools shown are schools closest to this address. This does not guarantee enrollment for school district. Contact the school district or real estate professional for more information.
- District:
- Akron City
- Primary:
- Crouse Magnet Elemen ...
- Middle:
- Miller-South Visual ...
- High:
- Buchtel High School
All information was derived from third party sources, including but not limited to property assessments, appraisals, and title reports is deemed reliable but not guaranteed.
All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
Settlement: A 20% non-refundable deposit is due within 48 hours of the auction ending, with full payment being due within 10 days of auction ending. A 6.0% buyers premium will be added to the sale to cover the cost of the auction.
This is a CASH SALE, you will not have time to seek financing! Bid only if you can pay IN FULL at the time of auction ending!
A deed processing fee and recording fee of approximately $700-$800 will be charged to the buyer. Deeds will be prepared and transferred by a title agency to the Register of Deeds for recording within four to six weeks of receipt of good funds from buyer. Payment must be made by certified cashiers check or money order.
The Seller offers the Property for sale in "AS IS, WHERE 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 the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.
A general warranty deed will be issued at closing. The home currently has and will be eligible for title insurance. Back taxes, if any, will be paid by the seller at closing.
ADDITIONAL PICTURES ATTACHED
| Additional Details |
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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
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