Auction Information

Absolute Auction of 16 parcels in North Ridgeville

Wed Nov 03 - 01:00PM


25070 Country Club Blvd, North Olmsted, OH Click to Map


Michael Hoffman, Auctioneer

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Auctioneer ID#: 1490

Phone: (614) 314-0298

License: 2002000102

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Absolute Real Estate Auction

Wednesday Nov 3rd at 1:00PM

Auction to be held at The Radisson Hotel
25070 Country Club Blvd
North Olmsted, OH 44070

The following 16 Lorain County parcels of land will be sold "in bulk" to the highest bidder regardless of price.  All 16 parcels will be sold together.  Almost all of the properties have frontage on Center Ridge Road in North Ridgeville.  

Lorain County PID # 07-00-039-000-070 (3.71 acres that is next to parcel 07-00-039-000-069)
Lorain County PID # 07-00-039-000-069 (aka 38420 Center Ridge Rd; .486 acres)

Lorain County PID # 07-00-028-103-021 (.63 acres that sits behind parcel 07-00-028-103-022
Lorain County PID # 07-00-028-103-022 (.60 acres on Center Ridge Rd)

Lorain County PID # 06-25-064-000-001 (Frontage on Ridge Street)
Lorain County PID # 06-25-064-000-002 (aka 159 Ridge Street)

Lorain County PID # 07-00-039-000-084 (aka 37892 Center Ridge Rd)
Lorain County PID # 07-00-040-000-015 (9.96 acres)
Lorain County PID # 07-00-040-000-005 (3.0 acres)
Lorain County PID # 07-00-039-000-017 (aka 37930 Center Ridge Rd) 

Lorain County PID # 07-00-034-000-002 (aka 37722 Center Ridge Rd)

Lorain County PID # 07-00-034-000-003 (aka 37718 Center Ridge Rd)

Lorain County PID # 07-00-033-101-005 (aka 37302 Center Ridge Rd)
Lorain County PID # 07-00-033-101-006 (aka 37282 Center Ridge Rd)
Lorain County PID # 07-00-033-101-013 (.330 acres)
Lorain County PID # 07-00-033-101-007 (aka 37242 Center Ridge Rd)

Several of the parcels still have structures on them.  These will need to be removed at the buyer's expense.  

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 $10,000 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

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