Second Sale Date:
Monday, November 30th
More Information
This is a foreclosure Auction. Opening bid is $107,112. These sold new for $320,000 before they were improved on the inside. Each commercial condo was built in 2007 and have 1,940 SF for a total of 3,880 SF. Each unit has a front and back man door as well as a nice overhead door in the back on one of the units. Perfect for any kind of service industry or light warehousing. This is the flex space you have been looking for. Great proportion of office to warehouse space. Currently a Class A space.
Annual Taxes: $6,626 including assesments
Plaintiff
Tyler Blvd. Condominium Unit Owners Association Inc
Defendant Name
Iris Karina Baker, et al
Attorney
Summers
Viewing Dates
Vacant. Call Auctioneer for showings. 937-581-3037
Property Map
Lead Auctioneer
Barry Baker
Directions:
From downtown Mentor, go North on Center St. for 1.2 miles to Right on Tyler Boulevard for 2 miles. Property will be on your right.
or from OH-2 (Lakeland Fwy) go South on Heisley to Right on Tyler Boulevard.
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.