Second Sale Date:
Wednesday, December 31st @
More Information
15,734 SF Retail Strip Center in N. Randall. Built in 2006. 8 units with multiple configurations. 1 current tenant at $1,500 per month. Tax value is $741,900. Located just off of I-480 at N. Miles Rd. and near Jack Thistledown Racino. Great visibility with 2 curb cuts and a large marquee sign.
Lot Size: .97 Acres
Annual Taxes: $14,954
Plaintiff
Phoenix REO, LLC
Defendant Name
Champakbhai Patel
Attorney
Patrick Lewis
Viewing Dates
Text Auctioneer for access to the property. 937-581-3037.
Property Map
Basic Terms:
*This is a Foreclosure Auction ordered by the Cuyahoga County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the subject property.
*The property sells with a minimum opening bid of $300,000 with court confirmation.
*The required deposit is 10%.
*In the case of an online purchase, the successful bidder will be required to directly deposit the required amount into the trust account of Ohio Sheriff Sales at any Chase Bank branch OR initiate a wire transfer to said trust account by 5:00pm the day of auction.
*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.
*Receiver's deed given at closing with no liens or back taxes.
*Bid increment for Online Bidding is $1,000.
*When you place a bid, you can place a "Maximum Bid" and the software will bid for you in $1,000 increments. You will be notified by email and text if you are out-bid.
*Bid Extensions: If a bid is received within the last 5 minutes of the Auction end time, bidding will extend for a 5-minute period of time. Bid extensions continue until all bidding is exhausted.
*Default: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and possibly be found in contempt of court.