Second Sale Date:
Monday, November 30th
More Information
Opening bid for this property is $52,223.
602 Park Ave. is Parcel ID# 34-024-1500.000 and has 2 structures on it with 3 different addresses. 602 Park Ave. is a nice retail location on the corner of Park and 6th with good visibility and parking. 602 has 1204 SF and was built in 1920. 750 SF of concrete paving and 4,000 SF of blacktop parking behind the building.
608 Park Ave. has Gone Fishin as a tenant as well as an apartment above. Built in 1920 with 2,130 SF of finished area plus a large 806 SF attached garage on the rear of the property. MONTHLY LEASE IS $550
205 S. 6th St. has Cashland as a tenant and is a 2 story property with 1,936 SF. MONTHLY LEASE IS $900
Lawrence Co. Tax appraisal is $184,190 on this entire corner.
Lot Size: .2667 Acres
Annual Taxes: $2,688.84
Plaintiff
WesBanco Bank INC
Defendant Name
M&J Properties, INC et al
Attorney
Ben Rodriguez
Viewing Dates
Please walk into the businesses during normal business hours. 602 Park Ave. can be viewed by calling auctioneer at 937-581-3037.
Property Map
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.