REAL ESTATE AUCTION (ONLINE)

3 Parcels-Hillsboro, OH 45133  

ONLINE BIDDING ONLY 

Bidding Commences  

at 11:00 AM

Friday, March 20th, 2020

and

Closes (ends) at 7:00 PM

Thursday, March 26th, 2020

421 North West Street 

 Hillsboro, OH 45133

No Showing Appointments but, OPEN FOR PROPERTY INSPECTION Tuesday, March 24th, 2020 (4:00 to 6:00 PM)

Pursuant to Court of Common Pleas, Highland County, Ohio Case No. 18CV0224; Parcel Numbers: 25-26-001-113.00, 25-26-001-112.00 and 25-26-001-111.00 are being sold by Chris Davis, Court Appointed Private Selling Officer (“PSO”). 

The three parcel package sells ‘AS IS’ and with a $133,333.33 RESERVE (or minimum bid); based on 2/3 of the Court appraisal. 

AREA REALTORS & BROKERS

To be eligible to earn a 3.0% selling fee, you will need to register your buyer/s by emailing or faxing an executed Agency Disclosure Statement  (for this property) to Ray Dailey no later than 5:00 PM, Thursday, March 26th, 2020. E-mail to: ray@auctionohio.com or send to Ray's U-Fax at: (614) 474-8504

HIGHLAND COUNTY

City of Hillsboro-Liberty Township  

Parcel # 25-26-001-113.00 0.324 Acre…Real estate taxes: $2,531.20/yr. 

Auditors Land Use Code: 430-Restaurant, Cafeteria and/or Bar

Parcel # 25-26-001-112.00 0.081 Acre..…Real estate taxes: $153.38/yr.

Auditors Land Use Code: 434-Bars

Parcel # 25-26-001-111.00 0.324 Acre.…..Real estate taxes: $116.10/yr.

Auditors Land Use Code: 434-Bars

GENERAL INFORMATION 

The package being sold at auction consists of (3) parcels. Parcel No. 25-26-001-113.00 is 0.324 acres (+/-) with a 2,640 sq. ft. building (40’ x 55’) that was a former bar with dance floor and large fenced rear court yard area with outdoor bar. NOTE: The attached building (on the north side of this structure) IS NOT included or being sold at auction. 

Also included are Parcel No. 25-26-001-112.00 & Parcel No. 25-26-001-111.00 which are the 2 paved lots (approximately 32.5’ x 109’ each) located just to the south of the above parcel with the building (and used for parking).                                                                  

See attached 'Exhibit A (Legal Descriptions)' and photo of Auditor Plat (showing parcel locations)

NOTE: More details, photos & plat to follow...

PRELIMINARY BID PACKET 

A 'PRE-BID PACKET' (including 'specimen' Confirmation of Successful Bid & Deposit’ and other relevant purchase documents) is now attached for your preview..

AUCTION TERMS & CONDITIONS 

A) The real estate sells ‘AS IS.’    

B) Properties sell with a $133,333.33 RESERVE (or minimum bid); based on 2/3 of the Court appraisal. 

C) Pursuant to Court of Common Pleas Highland County, Ohio, Case No. 18CV0224, properties are being sold by Chris Davis, Court Appointed Private Selling Officer (“PSO”).  

D) The successful bidder will be contacted the morning after the close of the auction for arrangements to obtain confirming signatures and $13,333.33 earnest money deposit, payable by cashier’s or certified check (To: AO Real Estate Trust Account) and proceed to close within (30) days the Court’s approval of the Confirmation of Sale. 

E) Seller pays for preparation of deed and real estate taxes will be paid current to the date of the auction. Buyer to pay conveyance fees, recording fees and Buyer’s portion of title agency closing fee. Owner’s title insurance (if desired) is a Buyer’s option & expense.   

F) There is a 10.0% Buyer’s Premium charged to the Buyer & collected at closing. 

BEING MARKETED AND AUCTIONED BY: 

Chris Davis, Auctioneer/Realtor® 

AO Real Estate, Realtors® & Auction Ohio

7461 Worthington Galena Road

Worthington, OH 43028

Office: (614) 846-3302

chris@auctionohio.com

ANY QUESTIONS OR TO SEE, CONTACT:

  Ray Dailey, Realtor® 

AO Real Estate, Realtors® & Auction Ohio

Off: (614) 846-3302 Cell: (614) 325-0064

ray@auctionohio.com