1-877-BID-OHIO (243-6446) 

Specializing in the sale of
Real Estate at Public Auction

Absolute Auction! Income producing property in Putnam Co.!

More Information

What an investment opportunity!

9950 and 9952 SR 109 in Ottawa are 2 great houses that are currently leased month to month. Owner is out of state and doesn't want the worry. 3 parcels totaling 2.167 acres. Previously appraised for $425,000.

9952 is the white 2 story house to the right. The 2 car garage is massive and has a workshop area. Large open living room with wood burning fireplace and a log beam open loft. Nice kitchen and dining room. Rear exit to the 2 story deck with no rear neighbors. 3 bedrooms and 1.5 baths. Upstairs features a huge master bedroom that is aprox 500 SF. Also upstairs are 2 other bedrooms and a wet bar entertaining area and open loft. There is a second story exit to the rear deck.

9950 is the brick ranch to the left. Huge 2 car garage on this house as well. Nice kitchen with lots of cabinet and counter space. Big living room and family room. 3 bedrooms and 2 baths plus a 4 seasons room on the back. Full unfinished basement. Propane heat. 

Both properties share the same well and septic system as well as a great double wide concrete driveway. Only one family permitted on the septic. Must put in a second septic if you wish to rent the second house to someone else. There is also a 24x60 airplane hanger on the rear of the property that is currently used for storage and could be another income potential. There is a nice fire ring in the back yard. Just outside the city limits of Ottawa. Next to the YMCA and elementary school.

Lot Size: Three tracts totaling 2.167 Acres

Annual Taxes: $ 2,596.80


Property Map


LEAD AUCTIONEER

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


DIRECTIONS:

From I-75 near Findlay, take SR 224 W for about 21 miles to Ottawa. Turn N on Locust St. which is SR 109. The property will be 1.3 miles on your left.


Basic Terms:

Sells Regardless of Price to the Highest bidder with no minimums or reserves. In order to bid you must bring a cashier's check made payable to "Ohio Real Estate Auctions" in the amount of $10,000 which will become your non refundable deposit if you are the high bidder. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.

Deposit and Closing:

Closing must take place within 30 days of Auction. Title Co. of buyer's choice will conduct the closing.

Realtor Participation:

Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.

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