Second Sale Date:
Monday, November 30th
More Information
This 4,979± sf concrete block building was built in 1974 and is situated on a .594± acre lot. It is located just 23 miles from Cincinnati Northern Kentucky Airport, in a densely populated area with high traffic volume and features a 12,000±sf paved parking lot and easy access to I-75 and I-71. Former uses include a Denny's restaurant and most recently a bar/club. Tax appraised at $326,690, the property now sells for the minimum bid of only $108,889!
Parcel #: 117-0011-0082-00
Zoning: CC-A
Lot Size: .594 Acres
Annual Taxes: $8,500
Plaintiff
Fifth Third Bank
Defendant Name
Folchi & Folchi, et al
Attorney
Patricia Hill, Statman Harris
Viewing Dates
March 1, 2013 from 1:30-2:00pm March 8, 2013 from 1:30-2:00pm
Property Map
Lead Auctioneer
Tim Lile
Directions:
From I-75 merge onto Ronald Reagan Cross County Hwy/OH-126 E via Exit 10A. Take US-42/Reading Rd exit toward Galbraith Rd. Turn right on Reading Rd/US-42. The property is on the left.
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.