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Real Estate at Public Auction

Court ordered real estate auction

More Information

This is a foreclosure auction ordered by the Richland County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the property.

Bids will only be accepted through www.OhioSheriffSales.com. Bidding will open a minimum of 7 days prior to the auction beginning to end on October 12th at 6PM (soft close until all bids are in).

Mininum required bid is $16,000.

A 10% buyer's premium will be added to the high bid to obtain the final selling price.

The buyer will immediately write a check for $5,000 as a deposit on the property. The property will be offered at the second auction subject to no minimum bid, and will sell to the highest bidder subject to Court confirmation.

The real estate is sold As-Is, Where-is with no buyer contingencies for financing, inspection or otherwise. All desired inspections (if avaiable) must be completed and necessary financing arranged prior to auction day.

Balance and closing required within 30 days of Court confirmation.

No contract is signed after the auction. A one-page buyer information form is the only document that is required by the Court. See http://www.ohiosheriffsales.com/download_forms for the form.

Private Selling Officer deed or equivalent given at closing with no liens or back taxes.

Buyer pays all closing costs.

The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.

By order of Richland County Common Pleas Court, Case # 2014CV1294, The Citizens Banking Company (Civista Bank), Vs Ralph D. Parsons, LLC, et al.

Auction Date: Thursday, May 4th at 1PM On-site

Address: 22 Summit St, Shelby, OH 44875

Auction will be held on-site at the subject property on the date and time specified. There will be no open inspection.

Property Description: Commercial building, previously used as a day care building.

Legal Description of Real Estate:

Situated in the City of Shelby, County of Richland and State of Ohio:

Being Inlot Number Seven Hundred Sixty-on (761) and part of Inlot Number Seven Hundred Sixty (760) of the consecutively numbered inlets of the City of Shelby, Richland County, Ohio, and being more particularly descibed as follows:

The real point of beginning of the same being an iron pipe found on the south right-of-way line of Summit Avenue (50 feet in width) at the Northeast corner of Inlot 761 (Patricia J Bemiller per Official Record Volume 32, Page 423); thence S 1 degree, 23' 00" W a distance of 150.00 feet to a point on the North right-of-way line of a public alley (15 feet in width) at the Southeast corner of said lott, being referenced by an iron pin set S 1 degree, 23' 00" W a distance of 1.00 foot; thence N 89 degree, 42' 38" W a distance of 85.00 feet along said line to an iron pin set on the South line of Lot 760; thence N 3 degree, 17' 27" E a distance of 150.18 feet to an iron pin set on the South line of Summit Street (North line of lot 760); thence S 89 degree, 42' 38" E a distance of 80.00 feet along said line to the real point of beginning of the Parcel herein described.

And containing 12,373 square feet (8,999 square feet in Lot 761 - 3,374 square feet in Lot 760) more or less, but subject to all legal assesments and public rights-of-way now on record. All iron pins set are 5/8" in diameter with caps stamped "C.Kerg, RLS 7152". Bearings are based on a survey by Kerg surveying, dated October 16, 2001.

Certification: I hereby certify that a boundary survey was made of the above property and that actual markers were found or set as indicated.

Parcel No: 046-08-222-21-000

Property Address: 22 Summit Street, Shelby, OH 44875

Prior Deed Reference: Official Record Book 1794, Page 696

Disclaimer: All 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 ommissions 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.


Property Map


LEAD AUCTIONEER

Michael Hoffman
Email Michael

C: 614-314-0298
W: 614-314-0298


DIRECTIONS:

From SR 61 (Gambier St), turn left onto W. Tucker Ave, right onto Walnut St, left onto Summit St and on to subject property


Basic Terms:

*This is a Foreclosure Auction ordered by a County Common Pleas Judge. The foreclosure process clears all liens and encumbrances on the subject property.

*In the case of a tax-lien foreclosure, the opening bid is the aggregate of the tax certificate, interest, court costs and current tax proration.

*The required deposits are as follows:
$2,000 for properties appraised for $10,000 or less.
$5,000 for properties appraised between $10,000 and $200,000.
$10,000 for properties appraised over $200,000.

*If the property is being sold at a physical location, the buyer will immediately write a check for the required deposit. If there are no bids at an on-site auction there will be a second auction between 7-30 days later. The second auction will be offered regardless of price.

*If the property is being sold Online, the successful bidder must wire or directly deposit the required amount into the Chase Bank trust account for Ohio Sheriff Sales within 24 hours of the end of the auction. Credit cards may also be taken for the deposit along with a 3% processing fee.

*The real estate is sold As-Is with no contingencies. All inspections (if available) must be done prior to Auction.

*Close within 30 days of court confirmation.

*No contract is signed after the auction. A one page buyer information form is the only document that is required by the court. See http://www.ohiosheriffsales.com/download_forms for the form.

*A 10% buyer's premium will be added to the high bid to obtain the final selling price.

*Buyer pays all closing costs.

*Private Selling Officer deed or equivalent given at closing with no liens or back taxes.

*The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.

 

Realtor Participation:

None.

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