Real Estate Auction - Wickliffe
Terms of Auction
Auction conducted by:
Rosen & Company, Inc.
Stanley H. Rosen-Broker/Auctioneer
Ross “Buddy” Barton III-Auctioneer/Sales Agent, Sheila Rosen-Schiff-Sales Agent, Apprentice Auctioneer 330.464.1375 www.BIDROSEN.com 216.990.1831
This is not a foreclosure, bankruptcy, or distressed property. It is utilizing the auction method of marketing as a means to sell a property that has been well cared for and seeking a new owner.
Time/Place of Auction: The property will be sold at 29305 Grand Blvd., Wickliffe, OH 44092 (On-Site) Thursday, August 18th at 6:00 PM. There will be a preview Thursday, August 18, 4-6 PM or by appt.
BIDDER REGISTRATION: All bidders will be required to present at registration $10,000 in certified funds, to receive a bid card, unless known by the auctioneer at his discretion
Requirements of the successful high bidder: The high accepted bidder must immediately tender the required certified funds/cash in the amount of $10,000.00 as the initial non-refundable earnest money made payable to Everest Title Company. They will also be required to sign a purchase agreement and all necessary disclosures immediately following the auction. All other deposits will be immediately returned.
Purchase Documents: Prior to submitting an offer, bidders must review the purchase and sales agreement, any applicable addenda, seller’s disclosure documentation, and all other transaction documents (collectively, “Purchase Documents”). The Purchase Documents can be reviewed day of sale or by request and are non-negotiable. All offers should be based on the terms set forth in the posted purchase documents, and winning buyers shall accept such terms.
No Warranties: These properties are being sold “As-Is” “Where-Is” without any representation or warranty of any kind being made by sellers, brokers, Auction Co., or any other cooperating brokers/agents. All information is deemed reliable but not guaranteed. The buyer assumes the property in its present condition.
Due Diligence: It is each bidder’s responsibility to conduct its own due diligence and investigate all matters relating to this property, of which the bidder is interested in purchasing, including, without limitation, legal matters, physical condition and attributes, environmental matters, economic matters, encumbrances, and all other aspects. Participant assumes all risks associated
with any such inspection. Bidders must submit bids accordingly at their own risk. All bids should be based solely on participants’ independent due diligence and any information contained in the purchase documents.
Buyer’s Premium and Total Purchase Price: The auction purchase contract shall state that the purchaser in the transaction pays a buyer’s premium of 5% of the final purchase price/winning bid. The total purchase price will not include other amounts payable by the winning buyer during the closing, such as escrow/closing fees, property taxes, or insurance, as more fully set forth in the purchase documents.
Closing Procedure: Closing will occur within 45 days of the auction date at which time the buyer will pay the balance due to the escrow agent.
Possession: Possession shall be given at closing.
*Note* This property is not being sold subject to financing. This means before you bid at this auction you should have enough cash reserves to close on this property or that financing should be pre-arranged, or you are absolutely sure you will be financed for the purchase. If you do not have the cash or the required amount to bid, close and fully complete the transaction-Do Not Bid!
Conduct of the Auction: Any announcements made day of sale take full precedence over any and all printed material. The conducts of the auction and bid increments are at the discretion of the auctioneer. Seller and Auctioneer reserve the right to refuse admittance to or expel anyone from the auction for interference with auction activities, nuisance, canvassing, soliciting, bid rigging, or anything else the representatives, for the seller, deem necessary.
CANCELLATION, LIQUIDATED DAMAGES: IF THE WINNING BUYER BREACHES THESE TERMS, THE WINNING BUYER’S OFFER MAY BE REJECTED BY ROSEN & COMPANY, INC. AND/OR THE SELLER, AND THE WINNING BUYER’S INITIAL DEPOSIT MAY BE RETAINED BY ROSEN & COMPANY, INC AND/OR SELLER AS LIQUIDATED DAMAGES, AND THE PROPERTY MAY BE IMMEDIATELY SOLD TO ANOTHER BIDDER. PARTICIPANT HEREBY ACKNOWLEDGES THAT THE ACTUAL DAMAGES RESULTING FROM A BIDDER’S BREACH OF THESE TERMS WOULD BE DIFFICULT AND IMPRACTICAL TO CALCULATE. ALL PARTICIPANTS AGREE THAT THE INITIAL PARTICIPATION DEPOSIT IS A REASONABLE PRE-ESTIMATE OF THE RESULTING DAMAGES TO ROSEN & COMPANY, INC. AND/OR THE SELLER AND IS NOT A PENALTY OR FORFEITURE.
Disclosure: Rosen and Company Inc., and any Auctioneer, Agent or Broker
associated with Rosen & Co., Inc. represent the seller in this transaction. Property may be withdrawn, cancelled or subject to sale prior to the auction without any further notice.
Attention Auction Buyers: We recommend that you arrive at the auction at least 1 hour before the auction start time so you can 1) Register to bid, 2) Present your funds and ID required to bid, and 3) Ask any last-minute questions.
Rosen & Company, Inc.
Stanley H. Rosen-Broker/Auctioneer
Ross “Buddy” Barton III-Auctioneer/Sales Agent, Sheila Rosen-Schiff-Sales Agent, Apprentice Auctioneer
Are all licensed by the Ohio Department of Agriculture 8995 E. Main Street Reynoldsburg, Ohio
And
Bonded in favor of
The State Of Ohio.
The following information obtained in this brochure is subject to inspection and verification by all parties relying on it. The seller or their representatives assume no liability for their inaccuracy, errors or omissions.
We look forward to seeing you at the auction. Feel free to contact Sheila at 216-990-1831 should you have further questions about the auction process.
Happy bidding! TERMS: Buying as is, where is without any warranties, returns, or contingencies of any kind. High accepted bidder must place a $10,000 cash or check/money order payable to Everest Title Company prior to registration. The winning buyer’s initial deposit will be applied towards the required “Earnest Money Deposit” with a 45-day close on this property. All deposits from other bidders will be released after the event. ROSEN & COMPANY, INC. conducts events solely on behalf of the seller and is not acting as an agent for any bidder in any capacity. By registering for this auction, the bidder acknowledges having read, agreed to, and accepted these terms. By submitting an offer on a property, the bidder is deemed to have accepted the terms and conditions that are posted on our website. ROSEN & CO, INC deems that all info is reliable but not guaranteed. 10% buyer’s premium. Absentee/Proxy bids are accepted when approved by the auctioneer and a deposit is presented at least 24 hours before the auction. ROSEN & COMPANY, INC. may modify, waive, or impose additional registration requirements for certain bidders at its sole and absolute discretion or at the request of the seller.
Purchase Documents. Prior to submitting an offer, bidders must review the purchase and sale agreement, any applicable addenda, seller’s disclosure documentation, and all other transaction documents (collectively, “Purchase Documents”). The Purchase Documents can be reviewed the day of sale or by request and are non-negotiable. All offers should be based on the terms set forth in the posted purchase documents, and winning buyers shall accept such terms.
Due Diligence. It is each bidder’s responsibility to conduct its own due diligence and investigate all matters relating to this property, of which the bidder is interested in purchasing, including, without limitation, legal matters, physical condition and attributes, environmental matters, economic matters, encumbrances, and all other aspects. Participant assumes all risks associated with any such inspection. Bidders must submit bids accordingly at their own risk. All bids should be based solely on participants’ independent due diligence and any information contained in the purchase documents.
Property information has been gathered from a variety of sources and has not been independently verified by ROSEN & COMPANY, INC… Bidders are encouraged to consult with a licensed real estate broker, contractor, attorney, financial advisor, tax advisor, and/or other professional and fully investigate public records.
Buyer’s Premium and Total Purchase Price. The actual total purchase price (“Total Purchase Price”) for a property will be equal to the offer amount plus a buyer’s premium (“Buyer’s Premium”). The amount of the buyer’s premium is (Ten percent) 10%. The total purchase price will not include other amounts payable by the winning buyer during the closing, such as escrow/closing fees, property taxes, or insurance, as more fully set forth in the purchase documents.
This is a reserve (confirmation by the seller) Auction in which the seller reserves the right to establish a reserve price, to accept or decline any and all bids, or to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer.
CANCELLATION, LIQUIDATED DAMAGES. IF THE WINNING BUYER BREACHES THESE TERMS, THE WINNING BUYER’S OFFER MAY BE REJECTED BY ROSEN & COMPANY, INC. AND/OR THE SELLER, AND THE WINNING BUYER’S INITIAL DEPOSIT MAY BE RETAINED BY ROSEN & COMPANY, INC AND/OR THE SELLER AS LIQUIDATED DAMAGES, AND THE PROPERTY MAY BE IMMEDIATELY SOLD TO ANOTHER BIDDER. PARTICIPANT HEREBY ACKNOWLEDGES THAT THE ACTUAL DAMAGES RESULTING FROM A BIDDER’S BREACH OF THESE TERMS WOULD BE DIFFICULT AND IMPRACTICAL TO CALCULATE. ALL PARTICIPANTS AGREE THAT THE INITIAL PARTICIPATION DEPOSIT IS A REASONABLE PRE-ESTIMATE OF THE RESULTING DAMAGES TO ROSEN & COMPANY, INC. AND/OR THE SELLER AND IS NOT A PENALTY OR FORFEITURE.
Auction conducted by: Rosen & Co. Inc. Stanley Rosen-Broker, Auctioneer, Ross C Barton III- Auctioneer, Agent, Sheila Rosen Schiff-Agent
We look forward to seeing you at the auction. Feel free to contact Sheila at 216-990-1831 should you have further questions about the auction process.
Auction Details
Go To:
https://neohrex.mlsmatrix.com/matrix/shared/WLSQHhK5KHc/29305GrandBlvd
Live-Onsite Public Auction - Thursday, August 18th - 6 PM.
PREVIEW 4-6 PM MONDAY, AUGUST 15th, and 4-6 PM, the day of sale or by appt.
Bidder must present $10K Certified Funds made out to Everest Title Co. for registration to bid. No warranties or contingencies. Closing in 45 days. Storybook 1,884 Sqft 4BR/1.5BA brick and terracotta bungalow on a desirable tree-lined street in north Wickliffe. Large Kitchen (gas) with a quaint breakfast nook. The living room boasts a gas fireplace and leads to a generous dining room. The main bedroom is on the 1st floor with 3 additional bedrooms upstairs, a ½ bath, and a huge linen closet. Loads of storage. Original crafters woodwork, multi-paned French windows, and a full basement. Multi-Car garage with a wooded lot(0.72 Acres). +/- 1 Mile to Lake Erie. Interior needs complete rehab.
(216) 990-1831
Auction August 18, 6PM
29305 Grand Blvd, Wickliffe, OH 44092...
Residential MLS:4399147 Active List Price: $10,000(Auc)
44092Sold Price:Area:1104-WickliffeList Date:08/08/22Twp:Wickliffe CityList Date Rec:08/08/22School Dist:Wickliffe CSD - 4308Subdiv:Shaker Vineyards Land Cos GraSubtype:Single FamilyPending Date:Parcel ID: 29-A-002-K-00-012-0County:LakeOff Mkt Date:Map:Closing Date: Contingent Dt: Supplements (2) Virtual Tour-Property PanoramaExp. Date:12/30/22 DOM/CDOM:6/6 Directions:East of Lloyd Rd. 1 Mile From Lake Erie
$/SqFt:$5.31
# Bedrooms: 5Baths: 3Full: 1Half: 1Laundry: 0
Above Gr: 1884/Auditors Website
Below Gr: -TOTAL: 1884
Lot Size (acres): 0.7241 (Auditors Website)
Lot Front/Depth: Irr: No
Heating Type/Fuel:Forced Air / GasCooling Type:NoneHouse Faces:Disability Feat:Garage # Cars:2 DetachedExterior:Brick, StuccoElevator:Driveway:PavedRoof:Asphalt/FiberglassWarranty:NoDwelling Type:DetachedYear Built:1934Fixer Upper:Fence:Year Built Detail:Actual YBT
Water/Sewer:Public Water, Public Sewer
Auction Date:08/18/2022, 6:00PM-6:30PMExterior Features:Outbuilding, ShedLot
Live-Onsite Public Auction - Thursday, August 18th - 6 PM.
PREVIEW 4-6 PM MONDAY, AUGUST 15th, and 4-6 PM, the day of sale or by appt.
Bidder must present $10K Certified Funds made out to Everest Title Co. for registration to bid. No warranties or contingencies. Closing in 45 days. Storybook 1,884 Sqft 4BR/1.5BA brick and terracotta bungalow on a desirable tree-lined street in north Wickliffe. Large Kitchen (gas) with a quaint breakfast nook. The living room boasts a gas fireplace and leads to a generous dining room. The main bedroom is on the 1st floor with 3 additional bedrooms upstairs, a ½ bath, and a huge linen closet. Loads of storage. Original crafters woodwork, multi-paned French windows, and a full basement. Multi-Car garage with a wooded lot(0.72 Acres). +/- 1 Mile to Lake Erie. Interior needs complete rehab.
(216) 990-1831
Preview Date:
Monday, August 15, 2022
Preview Time:
For more information, please contact 216.496.4444