THIS IS A COMPLETED SALE
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View current listings by this company
Carson Estate Norwood
Previous Page Listing ID#: 197175
Auction Location |
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Cincinnati (Norwood), OH 45212 |
Auction Dates and Times |
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Bidding Starts: Wednesday Apr 22 Bidding Ends: Wednesday May 6 |
Auction Type |
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Online Auction VIEW ONLINE CATALOG |
Company Information |
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Asset Realty Advisors, Inc Contact: Mark Euton Phone: 513-678-7347 Email: meuton@assetiqllc.com Website: assetrealtyadvisors.com GoToAuction.com ID#: 4297 View company information and listings |
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Listing Terms and Conditions |
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ASSET REALTY ADVISORS ONLINE AUCTION TERMS AND CONDITIONS
If you have questions or concerns regarding this auction, please contact Mark Euton, Broker/Auctioneer Ph. 513-678-7347 or email: meuton@assetiqllc.com
Online Auction: The properties being offered are located at 4901, 4905 & 4909 Wesley Ave., Cincinnati, OH 45212. The auction will be conducted as a timed ONLINE Auction. The auction will begin on April 22@10 AM and end on May 6 @ 1 PM. Properties are being sold individually. The properties will sell to the highest bidder(s) at or above the following reserve prices: 4901 Wesley- $56,667 | 4905 Wesley- $83,326 | 4909 Wesley- $56,667. If a bid is placed within on any of the three properties within five minutes of the bidding deadline, the deadline will be extended for all properties by an additional five minutes. The five-minute extensions will continue until no bid is placed on any property within five minutes of the bidding deadline. You can participate in the bidding from your computer or mobile device by logging on and registering at www.AssetRealtyAdvisors.com. This auction is not contingent on or subject to the purchaser being able to obtain financing. The Contract to Purchase shall be contingent upon the approval of the Probate Court of Clermont County in Probate Case No. 2019 CV 308, Estate of Willie Anna Carson ("Estate"), which is being administered by Michael Minniear (the "Administrator"). The Administrator shall execute the Contract to Purchase on behalf of the Estate and submit a copy thereof to the Probate Court for review and approval. Should the Probate Court fail to approve the Contract to Purchase or reject the Contract to Purchase then, in either case, the down payment shall be refunded to Purchaser and the parties shall be released from all further obligations herein. Asset Realty Advisors will notify the winning bidder via email regarding the approval of the Contract to Purchase by the Probate Court. The Administrator reserves the right to cancel the auction at any time prior to the conclusion of the online bidding.
Per the contract, ‘time is of the essence'; the winning bidder should proceed to closing immediately upon being notified that they are the successful high bidder. The closing must take place no later than June 5, 2020. If the closing is delayed for any reason by the purchaser or other parties working on behalf of the purchaser including any lender the purchaser may be declared in breach of the contract, forfeit all down payments made, and could be additionally liable for any and all costs incurred by the seller and Asset Realty Advisors in a subsequent resale of the property. When you place a bid, you are acknowledging that you have read and agreed to the terms of sale in the Contract to Purchase. This property is selling subject to the Fiduciary and the Probate Court approving the high bid amount and the Contact to Purchase.
Registration: All bidders must register with a valid credit card to participate in the auction.
Buyer Premium: A ten percent (10%) Buyer Premium will be added to the high bid amount to determine the full purchase amount to be paid by the purchaser. The full purchase price for the real estate is defined as the sum of the final bid amount acknowledged and accepted by the seller, plus the ten percent (10%) Buyer Premium amount which will be added to the high bid amount. Example: High bid amount of $100,000 plus a ten percent Buyer Premium of $10,000 making the purchase price $110,000.
Contract: The Contract to Purchase will be sent by e-mail to the successful high bidder at the conclusion of the auction. The successful high bidder must execute (electronically or manually) and email, fax, or hand deliver the Contract to Purchase to Asset Realty Advisors within 24 hours of receipt.
Down payment: The successful high bidder must deliver an amount equal to 10% of the purchase price (inclusive of the buyer premium) to Asset Realty Advisors by wire transfer within 24 hours of the auction conclusion. High Bidder should contact Cindy Chambers at 513.724.1133 for wiring instructions. Asset Realty Advisors are located at 1126 Old St. Rt. 74, Batavia, OH 45103.
Auction Administrative Fee: In the event a winning bidder fails to submit an executed Purchase Contract and the earnest money deposit as provided in the Online Auction Terms & Conditions the bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. All administrative fees are non-refundable. Additional default remedies are reserved by Asset Realty Advisors and the Seller as provided in the Online Auction Terms & Conditions and the Purchase Contract.
Collection and Attorney Fees: In the event Asset Realty Advisors or the seller has to engage counsel or collection companies to assist in enforcing any part of the auction terms and conditions or collection of all or part of the down payment or full purchase amount from any bidder, Purchaser or other such party shall be responsible and agrees to pay for all reasonable fees including without limitation attorney fees, collection costs, and all expenses incurred by Asset Realty Advisors or seller including without limitation costs and expenses relating to evaluating, analyzing, assessing, enforcing, preparing for and conducting litigation of any kind or nature, whether or not legal proceedings are commenced.
Property Inspections: All property inspections and other due diligence must be performed prior to bidding. The property is being sold in "as is, where is condition, with caveat emptor/all faults."
Closings/Possession/Taxes: Closing shall take place no later than June 5, 2020. Closing may take place at an earlier time upon approval of all parties. Safe Title Agency of Cincinnati, OH. shall prepare the closing statement for review and approval by all parties and conduct the closing. The Purchaser shall be responsible for transfer taxes and recording costs and additional closing costs of $350. Purchaser shall receive insurable title at closing. The property will be conveyed by Fiduciary Deed The real estate taxes and any collected rents will be prorated to the date of the closing. Possession will be given to the purchaser at closing, subject to tenants' rights.
Agency: In all transactions Asset Realty Advisors is acting as agent for the seller, not as buyer's agent. Asset Realty Advisors reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller. Asset Realty Advisors or sellers may cancel the auction at any time at their sole discretion.
Disclaimer: All information contained herein and provided by Asset Realty Advisors is believed to be correct. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. The property is being sold "AS IS" with any and all faults.
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Listing Information |
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Online Only Estate Auction Selling (3) contiguous Multi Family Properties. Each property is being sold individually to the highest bidder at or above the minimum reserve amount. Bid on one, two or all three properties. These properties are being sold to settle an estate Clermont County Probate Court Case# 2019 CV 30 1 4901 Wesley Ave., Cincinnati (Norwood), OH 45212 This property consists of (1) two-bedroom apartment and (1) one-bedroom apartment. Could be a single family the utilities have not been separated, one furnace & one a/c unit • Single car garage • Chain linked fenced rear yard • Vinyl siding ... 2 4905 Wesley Ave., Cincinnati (Norwood), OH 45212 This large three story has (1) two-bedroom apartment and (3) one-bedroom apartments with the potential of an additional efficiency apartment. • (4) Gas forced air furnaces • Separate utilities • Maintenance free brick & vinyl exterior • ... 3 4909 Wesley Ave., Cincinnati (Norwood), OH 45212 This property is comprised of (1) three-bedroom apartment and (1) one-bedroom apartment. • Vinyl siding • Separate utilities • Two car garage • Some newer kitchen cabinets • Natural woodwork This property will sell to the highest bidder at... |
Auction License: n/a |
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