Name 1051 Eastman St
Auctioneer Jeff Koehler, Auctioneer
Type Online-Only Auction
Date(s) 5/14/2018 - 5/29/2018
5/14/2018 @ 11:00 AM EST
Preview Date/Time 5/14/2018
Checkout Date/Time 5/29/2018 @6:30 PM EST
Location 1051 Eastman St.
Zanesville, OH 43701
Buyer Premium 10 percent buyers premium applies
Description
1051 Eastman Street
1051 Eastman St., Zanesville, OH. Muskingum County Parcel #: 84-32-02-33-000 Current Real Estate Taxes: $513.26 Per Year PROPERTY INFORMATION The real estate being sold is situated at 1051 Eastman St., Zanesville, OH 43701. Note: Preview: Bidding starts on May 14th and ends May 29th - 6:30 PM. Bidding begins at $11,000.00 THIS IS AN INTERNET ONLY AUCTION (ON-LINE AUCTION) - If you prefer to turn in a bid in person, please call Jeff Koehler at 740-819-8441 to make arrangements. Real Estate Terms: The real estate is being sold "AS IS, WHERE IS" without warranty or guarantee of any kind. The real estate is being sold with the personal property content included. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries and due diligence concerning the described property. Bidding begins at $11,000.00 Deposit: A non-refundable deposit of $4000.00 is required if you are the winning bidder with the remainder due within 30 days after the auction. The winning bidder is required to bring the deposit to our office and execute a purchase agreement the next business day following the conclusion of the auction. Deposit must be in the form of Cashier's check, personal check with bank letter of guarantee or cash. Checks made payable to Lepi & Associates Trust. Buyers Premium: A 10% buyer's premium will be added to the final bid creating the actual purchase price. Purchase Agreement: The successful bidder shall execute a purchase agreement and all other documents associated with the auction including but not limited to Agency Disclosures, the following business day after being declared the winning bidder by the auctioneer. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing. Buyer & Seller will be responsible for customary closing costs issued by the title company. These Cost may include but not be limited to: a) preparation of a new deed, b) county auditor's conveyance fee, c) bring real estate taxes current to the day of closing, d) TITLE examination, e) owners/lenders title insurance, f) recording fee, g) real estate brokerage commission, i.) Survey if deemed necessary for the transfer of the title by the County Engineers Office, j) and all closing cost associated with the closing of this transaction WHETHER BY CASH OR BY FINANCING. Make sure to read purchase contract to see who is responsible for the above costs. NOTE: IN THIS AUCTION, The Seller will provide and pay for preparation of deed, conveyance fee and the proration of real estate taxes. Closing: Closing will take place within 30 days from the completion of the auction, on or before June 28th, 2018. Possession will be given when monies transfer. The Real Estate is NOT being sold "Subject to Financing." This means that before you bid at the auction, you should #1. Have enough cash reserves to close at the purchase price, OR #2 Have pre-arranged financing where both you, the purchaser AND the property in its "AS IS - WHERE IS" status are approved by your lender. If you do not have the cash, or if you are not sure that you and/or the property qualify for financing, it is recommended that you do not bid. Agency Disclosure: Jeff Koehler, Auctioneer/Realtor is the selling agent AND represents the Seller in this transaction. INTERNET ONLY AUCTION (ON-LINE AUCTION) Ending: The closing time of the real estate is automatically extended an additional 5 minutes whenever a bid is placed within the last 5 minutes of the real estate's closing time. The real estate is being sold 'AS IS, WHERE IS, with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the condition of the property and bid accordingly. Descriptions are believed to be accurate but not guaranteed. Seller will be passing along with the property a marketable deed free and clear or liens and encumbrances. Being marketed & auctioned by: Jeff Koehler, Realtor/CAI Auctioneer, 740-819-8441 www.SEOhioAuctions.com Brokerage: Lepi & Associates Real Estate Services
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 10,000.00 100.00 USD
10,000.01 - 100,000.00 100.00 USD
100,000.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 10 percent buyers premium applies
Payment Terms
Deposit: A non-refundable deposit of $4000.00 is required if you are the winning bidder with the remainder due within 30 days after the auction. The winning bidder is required to bring the deposit to our office and execute a purchase agreement the next business day following the conclusion of the auction. Deposit must be in the form of Cashier's check, personal check with bank letter of guarantee or cash. Checks made payable to Lepi & Associates Trust.
This is a real estate auction.