REAL ESTATE AUCTION (OFF SITE)

Saturday, March 10th, 2018  

11:00 AM (OFF SITE)  - See Below

6070 Olentangy River Road 

 Worthington, OH 43085 

OFF SITE AUCTION:

NOTE: This OFF SITE AUCTION will take place at  6555 Busch Blvd., Suite 250, Columbus, OH 43229 (offices of AO Real Estate, Realtors and Auction Ohio).

SHOWINGS:  

There will be NO scheduled showing appointments (due to condition of drive, the incline, the lack of a defined drive turn around area (snow & mud)...and you might not get out!   And, no more OPEN HOUSES are scheduled.

Pursuant to Court of Common Pleas Franklin County Ohio Case No. 15CV7965; property being sold by Chris Davis of Chris Davis, Inc. dba Auction Ohio, the Court Appointed Private Selling Officer (or ''PSO''). 

PROPERTY INFORMATION: 

Franklin County – Tax District: 100 - City of Worthington 

School District: Worthington CSD 

Parcel # 100-002466-00 2017 Real estate taxes: $8,579.10 (*) 

(*) NOTE: Taxes included a $589.40/Year Homestead Exemption 

PRELIMINARY BID PACKET: 

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

PROPERTY INFORMATION:

A 3,950 sq. ft. multi-level residence (built 1953 & remodeled in 1968) and offering 5 bedrooms, 2 full baths, 2 half baths, living room, family room, dining room, eat-in kitchen and basement. There is 2,624 sq. ft. of finished space above grade and another 1,046 of finished living space.  The Auditor indicates that property condition is: POOR

Misc: The property also has (2) detached garages; One is 800 sq. ft. and the other 864 sq. ft. Also, a 204 sq. ft storage shed and the property is on a septic system.

Conveniently located about a 0.60 mile from the SR315 & SR161 interchange and 5-6 minutes to downtown Worthington. This property is situated on a secluded nominal 2 acre (+/-) lot off of Olentangy River Road. It has a 385’ private sloping driveway after which the lot opens up to 160’ feet wide and runs another 400+ feet (to SR315 right of way). The legal description shows 1.998 acres. 

AUCTION TERMS & CONDITIONS: 

· The real estate sells ‘AS IS.’    

· Property sells with a $260,000 RESERVE (or minimum bid); based on 2/3 of Court appraisal.        

· Pursuant to Court of Common Pleas Franklin County Ohio, Case No. 15CV7965; property is being sold by Chris Davis, of Chris Davis, Inc. dba Auction Ohio, the Court Appointed Private Selling Officer (‘PSO'). 

 · At the conclusion of the auction, the successful bidder is to tender and earnest money deposit in the amount of $26,000 (10% of the RESERVE), payable by cashier’s check, and proceed to close within (30) days the Court’s approval of the Confirmation of Sale. 

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

 · There is a 5.0% 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 

6555 Busch Boulevard, Suite 250 

Columbus, OH 43229 

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