Second Sale Date:
Tuesday, October 27th @ 1:00 PM
More Information
Bidding Starts at $100,000
4 Parcels Being Sold All Together in Martins Ferry, OH
• 24-03802.000 • 24-03770.000
• 59-00427.000 • 59-00426.000
· Parcel 24-03802 is located at 10 S 5th St. Martins Ferry, Ohio. The property includes a 4,371 sq ft one-story commercial building and a 716 sq ft two-story building with an open front porch. The property was built in 1870, remodeled in 1968, and sits on a 50x114 foot lot. The county auditor appraised the commercial property at $115,860 and estimated the annual taxes to be $2,274.
· Parcel 24-03770 is located at 413, 415, 417 Hanover St. Martins Ferry, Ohio. The property includes a 6,993 sq ft one-story commercial building set up as small detached retail stores. The property was built in 1960 and sits on a 74x100 foot lot. The county auditor appraised this commercial property at $160,088 and estimated the annual taxes to be $3,142.
· Parcel 59-00426 is located at 57129 CR#4, Glenns Run Rd. Martins Ferry, Ohio, Pease Township. The 1.56 acre property includes a 24x20 foot detached garage, a 12x20 foot wash house restroom, and a mobile home. The county auditor appraised this commercial property at $36,550 and estimated the annual taxes to be $678. This parcel, and the following parcel, is a 10min. drive from the first two parcels.
· Parcel 59-00427 is located at 57129 CR#4, Glenns Run Rd. Martins Ferry, Ohio, Pease Township. The 6.76 acre property is known as Redman's Field and includes a 150x28 foot shelter that was built in 1975. The county auditor appraised this property at $93,280 and estimated the annual taxes to be $1,730.
Lot Size: 50x114 foot lot // 74x100 foot lot // 1.56 acres // 6.76 acres
Annual Taxes: $7,824
Plaintiff
Main Street Bank
Defendant Name
IMPROVED ORDER OF THE REDMEN, WANETTA TRIBE 75, et al
Attorney
Henderson, Covington, Messenger, Newman & Thomas Co.
Viewing Dates
The property is vacant. If you wish to have a showing, text the Auctioneer with your name and the address of the property you wish to see. We will schedule an appointment for you.
Property Map
Basic Terms:
* This is a Foreclosure Auction ordered by the Belmont County Common Pleas Court. The foreclosure process intends to clear all liens and encumbrances on the subject property. You are encouraged to purchase Title Insurance at closing for an extra layer of protection.
* The property sells with a minimum opening bid of $100,000.
* The required deposit is 10% of the high bid.
* The successful bidder will be required to wire or direct deposit the above amount into the trust account of Ohio Sheriff Sales by 5:00 pm day of auction. If the deposit has not been made by stated time, the purchaser automatically authorizes Ohio Sheriff Sales to charge the credit card provided at the time of registration for the required deposit amount plus a 10% processing fee.
* The real estate is sold As-Is with no contingencies.
* Closing required within 30 days of court confirmation.
* No contract is signed after the auction. A one-page Purchaser Information Form is the only document that is required by the Court. See the Documents section of this listing 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.
* Provisional Auction Date: In the event the $ 100,000 minimum bid is not achieved on the first auction date, a second online auction will take place ending on Tuesday, October 27th @ 1PM subject to no minimum bid.
* The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. This generally only comes into play when a property goes to the 2nd auction with no minimum bid, or the property sells for less than is owed for back taxes and court costs.
* BUYER 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 penalties including being found in contempt of court.
* CASH ONLY SALE: All sales are considered CASH ONLY with no contingencies. You MAY be able to obtain financing on properties where interior access is available. Banks and Mortgage Co’s will only lend on properties when they can receive an interior appraisal. Keep in mind, the purchase of the property is not contingent upon the result of the appraisal or being denied for financing. The property is being sold AS IS with no warranties or guarantees.
* BIDDING NOTES:
Bid Increment: Required bidding increment is $1,000 up to $500,000 and $5,000 thereafter. Max Bid: Place your 'Max Bid' in the bid box, click the bid button and select whether you want to raise to your maximum or bid the next increment allowing the system to bid on your behalf up to your max bid. You will be notified by email and or text if your maximum is exceeded by another bidder if you enable texts and emails. Bid Extensions: If a bid is placed in the last 3 minutes before the scheduled auction end time, bidding will extend back out to 3 minutes. Bid extensions will continue until a 3-minute period of time elapses after the stated auction end time with no advance in the bidding.