Please do not bid on this property unless you intend to purchase. This auction is for serious Investors only and any one caught bidding on this property without the intention of following through with the transaction will be reported to EBay immediately.  Foreclosure Depot strives to supply Investors with the best investment properties at the best prices and by following Our rules and EBay’s, we can continue to deliver on Our promise. Thank You…

You are bidding on the full purchase price of this property 

Property Information
Address: 508 Franklin Street

Located in: East Pittsburgh, Pennsylvania
Total Living Space: 1,600 sq.ft. (approx.)

Style: 2 ½ story single family
Lot Size: 25x100 (approx.)
Total Bedrooms: 3 + 2 possible in attic

Total Baths: 2 full
Exterior:  Insul Brick

Foundation: Full Basement, Sandstone

Heat Type: Gas, Forced Air
Electrical: Updated 100 Amp Service, Breakers
Roof: approx. 25 years old

Water: City (including sewage)

Annual Taxes: (approx.) $1,500

County Assessment: $32,000  

Estimated Monthly Rents: $600-$700 a month

County: Allegheny

PROPERTY DESCRIPTION

This Property is located at 508 Franklin Street, East Pittsburgh, Pennsylvania. It is a 3 Bedroom, 2 Full Bath home complete with Living room, Dining room, Kitchen, and Full Basement.  There is an attic that can be used to add 2 additional bedrooms for extra income.  The walls are plaster and are in good condition.  The Roof is approximately 25 years old and has no apparent signs of leaking.  The Soffit and Fascia have been wrapped in Aluminum for less maintenence. The main service is an updated 100 Amp panel equipped with Breakers.   The property has a gas, forced air furnace that appears to be approx. 30 years old.  All of the copper plumbing is still in the property, and has been winterized.  This property was purchased as a bank foreclosure, therefore, we have never had the utilities on.  The kitchen is in good shape including the cabinets, floor and stove.  There are two full bathrooms in the property, one on each floor, each is equipped with a tub & shower combo and are in good condition.  The carpet is even adequate for a rental with several years more life left in it. The windows are updated single panes approx. 20 years old.  The property is in good condition and could be rented out or lived in with minor repairs and cleaning.  All in all it is in our opinion that this property would make an excellent rental investment with returns as high as 30% on investment. The property is located good neighborhood, close to shopping and approximately 15 minutes from downtown Pittsburgh.

Please feel free to call with any questions at 412-901-5128 or to request any additional pictures.

Foreclosure Depot welcomes all investors to view our properties at any time.

Foreclosure depot will accept offers on this property and reserves right to end auction at any time.  Offers must be emailed directly to seller or by phone.

No Liens or Defects in Title

TERMS 

You are bidding on the FULL PURCHASE PRICE of this auction.  Upon completion of this auction, and final payment, the HOME WILL TRANSFER FREE AND CLEAR TO THE BUYER.

There are no liens against this property, and title is insurable.

Purchaser agrees to accept the property in "AS IS, WHERE IS" condition at the time of closing, with NO WARRANTY EXPRESSED OR IMPLIED.  Any representations of this property are merely the opinion of the seller.  All buyers are encouraged to perform their own due diligence, and should RELY ON THEIR OWN INSPECTION.

WE ENCOURAGE YOU TO DO YOUR OWN DUE DILIGENCE PRIOR TO PURCHASE. WE WELCOME YOU TO VISIT THE HOME.  TO ARRANGE ACCESS, SEND ME YOUR FULL NAME AND PHONE #  OR CALL US AND WE WILL GIVE YOU ACCESS TO THE PROPERTY. .

This is a CASH AUCTION.  When submitting your bid, you must have funds on hand to complete the purchase.  This is a speedy closing, and there is no time to arrange bank financing.

THIS AUCTION IS FOR SERIOUS BIDDERS ONLY. Please do not bid if you will not fulfill your obligation!  Any winning bidders who do not close will be reported to eBay for buyer misconduct.  If you need additional pictures or have any questions, please feel free to ask prior to conclusion of the auction.

CLOSING PROCESS

Upon winning the auction, BUYER MUST CONTACT SELLER IMMEDIATELY at 412-901-5128 via phone or by email at foreclosuredepot@comcast.net and provide:

1. Name to be placed on deed.

2. Phone Number

3. Address to send settlement sheet. 

4. $2,000 non-refundable earnest money deposit in the form of a certified check, or money order via overnight delivery service, or bank wire transfer.  This deposit must be received within 24 hours of winning the bid.  If the seller has not received funds or heard from the purchaser within this period, the transaction will be considered void, and buyer misconduct will be reported to eBay.

Buyer also agrees to add the appropriate closing and transaction costs to the amount of the bid.  This is approximately $695.00 closing costs+$420 title ins.(optional), Transfer taxes of 2-4% and pro-rated property taxes.  Exact amount due will be computed by seller’s title company handling the closing, and will be shown on the final settlement sheet.

Closing of this transaction is within 10 days after the auction ends.  The balance due must be sent to our title company via cashiers check or money order on or before the closing date.  The balance due is equal to the final sales price, less the $2,000 earnest money deposit plus applicable closing costs to be detailed on the settlement sheet. Our title company will prepare your deed and send the deed to the County to record into your name.  You will receive confirmation that the deed has been sent for recording.

Please ask any questions prior to the auction’s end. There is no time to do so once the auction is over.

NOTE TO BIDDERS: Users with Feedback Score 5 or Less or users who are new to eBay must email Seller immediately with your full name and contact number. If you do not perform this request, we have the right to cancel your bid.

YOU MUST READ AND AGREE TO THE TERMS PRIOR TO SUBMITTING A BID.

!!!GOOD LUCK BIDDING!!!

Please view a few of our other properties available in Pennsylvania.  And again, Offers are welcome