A division of Ohio Real Estate Auctions
1-877-BID-OHIO (243-6446) 

Performing foreclosure auctions and judicial
sales for banks and municipalities

Ohio's Private Selling Officers

Summit Co. Office Building


More Information

Bidding starts at $620,000. Income producer with current tenants. Approx. 21,864 SF on 3 floors. 1.91 Acres with 55 parking spaces. Known as the "PR Building" in Merriman Valley of Cuyahoga Falls. (Akron Address). Built in 1983. 3 story central atrium with skylights and large windows for an abundance of natural light. Shared conference room and kitchen. Elevator access to each floor. Numerous private offices. Text for a tour. 937-581-3037.

Lot Size: 1.91 Acres with 55 parking spots

Annual Taxes: $30,200


Plaintiff

The Middlefield Banking Company

Defendant Name

Estate of Paul L. Schmitz, et al

Attorney

Gingo Palumbo Law Group LLC

Viewing Dates

Text the Auctioneer with your name and the property you wish to see and we will schedule a tour for you. 937-581-3037


Property Map


Lead Auctioneer

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


Basic Terms:

*This is a Foreclosure Auction ordered by the Summit 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 $620,000.

*The required deposit is 10% of the high bid.

*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. If deposit has not been made by 12:00pm the day following the auction, the credit card provided at the time of registration will automatically be charged along with the 4% 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 THIS LINK for the form.

*A 10% buyer's premium will be added to the high bid to obtain the final selling price.

*Provisional Auction Date: In the event the minimum bid is not achieved on the first auction date, a second auction will take place between 7-30 days later subject to no minimum bid.

*Buyer pays all closing costs.

*Private Selling Officer deed 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. (This would typically only be in effect for a property that sells for less than the amount of taxes that are owed.)

*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.

 

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