Absolute Real Estate Auction
July 30th, at 1:00PM
Auction to be held at The Radisson Hotel
25070 Country Club Blvd
North Olmsted, OH 44070
Subject property is approximately 25+/- acres of vacant land that is wooded and located off of Cary Drive in North Ridgeville, OH. The triangular shaped property is surrounded by residential development and backs to Cleveland Electric Illuminating. Currently zoned R1. Close proximity to 480, so great location for secluded & private residential building lots with lots of mature trees on them. Property has gas easement.
A copy of a previous Phase 1 report and a Wetlands Investigation report will be available upon request.
Lorain County Parcel # 07-00-005-103-066, 07-00-008-115-029, 07-00-008-115-030, 07-00-008-115-017, 07-00-008-115-008.
Preview the property at your convenience.
Basic Real Estate Auction Terms: Property is being sold at absolute auction, regardless of price. Property sells as-is, with no buyer contingencies for financing, inspections or otherwise. 10% Buyer's premium applies. The buyer's premium will be added to the final bid to determine the contract sales price. Financing, if any, is calculated on the final contract price. Buyer pays all closing costs including title search, transfer taxes, deed preparation, conveyance and recording fees. Taxes will be pro-rated via the short proration method. A survey, if required, will be at buyer's expense. Closing must be within 30 days from auction date.
Cashier’s Check Required to Bid on the Real Estate: In order to register to bid, potential purchasers must bring a $25,000 CASHIERS CHECK MADE PAYABLE TO Ohio Real Estate Auctions, which will be your non-refundable deposit if you are the high bidder. Deposit will be applied at closing to the purchase price. Checks will be immediately returned to all non-winning bidders at the conclusion of the bidding process. The purchaser will be required to sign a Contract to Purchase at the auction conclusion.
Agency: Auctioneer exclusively represents the Seller in this sale.
REALTOR® Participation: Realtor® showings are encouraged and cooperation will be granted. To collect a commission, you must:
1) Conduct a showing on the property,
2) Register your bidder no less than 48 hours prior to the auction on the approved form located in the Realtor’s Only Section of www.OhioRealEstateAuctions.com,
3) Present a written opening bid on behalf of your client. NOTE: You will receive 3% of the written opening bid if you represent the successful bidder.
4) Accompany your client to the auction.
Please expect no exceptions to these minimal requirements. Please call Auctioneer to schedule all showings.
Auctioneers:
Michael Hoffman; hoffman@OhioRealEstateAuctions.com; 614-314-0298
Tim Lile; tim@OhioRealEstateAuctions.com; 937-689-1846
Further Information: All information for this auction and other OREA auctions are available at www.OhioRealEstateAuctions.com or please contact Auctioneer Michael Hoffman at 614-314-0298.
Disclaimer: Information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC Auctioneers nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.
Brokerage: Ohio Real Estate Auctions, LLC
