Second Sale Date:
Monday, November 30th
More Information
Located in Medina Co. on the square of beautiful Sharon Center. The property sits on the SW corner of the square. You may think that the retail front is all of the property but you will be sorely mistaken. There is so much more to this property than meets the eye. There are 2 parcels and 2 buildings with the main entrance to the property just South of the square on OH-94. As you enter the retail front there is a storefront that can be used for a retail show room and is surrounded by large windows. This building was built in 1940 and has 4,776 SF plus the basement. Also on the main level is a large open room that had been used as multiple offices partitioned off by solid wood half walls. There are also a couple of private offices in this area. There is a nice kitchen break room and bathroom. Behind the office space is a large open room that could have mulitple uses. There are 2 great woodworking rooms on the back of the property. 2 loading docks are attached to the woodworking rooms with access to the alley. There is a large basement under the rear of the property that has also been used for woodworking and construction. The property slopes away from the square so the basement has a garage door and has access from ground level. The second building on the property is a large 1992 pole building that is 60x80 (4,800 SF) and has a garage door and a large overhead door. Super high rafters for multiple uses. The building has concrete floors and a parts area with overhead mezanine. This is a great man cave for auto storage, hobby area or whatever you need space for. There is a large gas heater so the property can be used year round. This area is reached by a long gravel driveway off of 94 South. Both parcels are valued by Medina Co. for $217,000. If you are looking for cheap square footage for storage or for your business you must come and look at this property! Bidding starts at $21,000.
Lot Size: Aprox 1.1 Acres
Annual Taxes: $3,989
Plaintiff
Fifth Third Bank
Defendant Name
Back Holdings, LLC, et al.
Attorney
Patricia Hill
Viewing Dates
Very easy to view. Call Auctioneer for all showings. 937-581-3037
Property Map
Lead Auctioneer
Barry Baker
Directions:
71 to East on 76 to North on High St.(OH-94) at the Wadsworth Exit. High St. becomes Ridge Rd into Sharon Center. The property is on the SW corner of the square.
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.
*The property sells with a minimum opening bid of 2/3 of the appraised value.
*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:
Realtor showings and cooperation are encouraged if the property is vacant and on lock box. For full compensation instructions, see http://www.ohiosheriffsales.com/realtors Please call Auctioneer to schedule all showings.