Bidding has ended on this item.
Item:Great House + LONG TERM TENANT

Great House + LONG TERM TENANT

Item condition:--
Ended:Nov 08, 200920:00:06 PST
Bid history:18 bids
Winning bid:US $6,100.00
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A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.

 
Seller info
100% Positive feedback
Other item info
Item number:110452841685
Item location:New Castle, PA, United States
Ships to:United States
Last updated on 09:00:06 AM PST, Nov 03, 2009 View all revisions
Item specifics - Residential Real Estate
Sq Footage (Sq. ft.): 1544.00Setting: Suburban
Property Type: HouseNumber of Bedrooms: 4
Property Address: 1201 Pollock Ave.Number of Bathrooms: 2
City: New CastleYear Built: --
State/Province: PennsylvaniaLot Size (acres): --
Zip/Postal Code: 16101Sale Type: Existing Homes
For Sale by: Owner Display Map
 Neighborhood Profile MapQuest.com, Inc. and Sperling's BestPlaces (Fast Forward, Inc.) are solely responsible for the content available via the above links.

     Great Home  +  Nice Family Renters       

Solid Investment

 

 

1201 Pollock Avenue

New Castle, PA  16101

 

   

     This is a nice sized 4 bedroom and 2 bath house with a front porch and a large yard sitting on a corner lot. The overall condition of the house is very solid. The house has never been vacant. In fact the house has been in the same family for decades, and family members are the current tenants. Looks great inside and out with no major issues. Tenants have been doing light rehab work for the last four months in lue of rent, so many improvements and repairs have been done. Small items remain for sure, but nothing the tenants or a competent handyman couldn't do. Rent amount was $425 before the barter for repair work began. Current rents in the area are strong and the rent could be raised to about $550. A rent-to-own situation would command even higher monthly payments. Property had a complete new 8k siding job within the last 5 years.

 

   CLOSING:   Closing costs of $895 added to winning bid. Closing will be handled by a locally licensed TITLE COMPANY or REAL ESTATE ATTORNEY. The property currently has a Warranty Deed which I purchased. Buyer may elect to purchase Title Insurance from the closing agent for usually around $300. No liens, or encumbrances of any kind. Buyer responsible for 2008 (with penalties & interest = $873.00) and 2009 taxes only $124.49. Taxes are very low here, '08 is only high because of the P&I.

 

 

   TERMS OF SALE:    $$$  YOU MUST HAVE CASH TO CLOSE  $$$

 

The winning bidder will be emailed immediately after auction ends with our contact and payment info and the closing title company information.  Please return the email or call the number provided to give us your name, contact information, etc.
 
 
$1,000 deposit due within 24 hours of auction close -- PayPal is prefered.
 
Balance due within 72 Hours  ONLY  certified funds or bank wire
 
 
 
Please conduct all your due diligence BEFORE the auction ends.
 
 
Auction Terms: This is a binding auction.  Highest bid wins the auction.  Property is sold AS IS, WHERE IS. This is a final and CASH ONLY SALE.
 
 

                     THANKS FOR VISITING MY AUCTION AND HAPPY BIDDING!!!  



On Nov-03-09 at 09:00:06 PST, seller added the following information:

 

     Great Home  +  Nice Family Renters       

Solid Investment

 

 

1201 Pollock Avenue

New Castle, PA  16101

 

   

     This is a nice sized 4 bedroom and 2 bath house with a front porch and a large yard sitting on a corner lot. The overall condition of the house is very solid. The house has never been vacant. In fact the house has been in the same family for decades, and family members are the current tenants. Looks great inside and out with no major issues. Tenants have been doing light rehab work for the last four months in lue of rent, so many improvements and repairs have been done. Small items remain for sure, but nothing the tenants or a competent handyman couldn't do. Rent amount was $425 before the barter for repair work began. Current rents in the area are strong and the rent could be raised to about $550. A rent-to-own situation would command even higher monthly payments. Property had a complete new 8k siding job within the last 5 years.

 

   CLOSING:   Closing costs of $895 added to winning bid. Closing will be handled by a locally licensed TITLE COMPANY or REAL ESTATE ATTORNEY. The property currently has a Warranty Deed which I purchased. Buyer may elect to purchase Title Insurance from the closing agent for usually around $300. No liens, or encumbrances of any kind. Buyer responsible for 2008 (with penalties & interest = $873.00) and 2009 county taxes only $124.49. Taxes are very low here, '08 is only high because of the P&I.

 

 

   TERMS OF SALE:    $$$  YOU MUST HAVE CASH TO CLOSE  $$$

 

The winning bidder will be emailed immediately after auction ends with our contact and payment info and the closing title company information.  Please return the email or call the number provided to give us your name, contact information, etc.
 
 
$1,000 deposit due within 24 hours of auction close -- PayPal is prefered.
 
Balance due within 72 Hours  ONLY  certified funds or bank wire
 
 
 
Please conduct all your due diligence BEFORE the auction ends.
 
 
Auction Terms: This is a binding auction.  Highest bid wins the auction.  Property is sold AS IS, WHERE IS. This is a final and CASH ONLY SALE.
 
 

                     THANKS FOR VISITING MY AUCTION AND HAPPY BIDDING!!!  


Questions and answers about this item
  
 Q: Hello. Would the tenants be willing to stay on at the Rate of $425.00 per month? Thanks. Michael
A: the tenants would like to stay there, the question is I'm not sure they can afford the entire rent right now. that is why the barter situation has worked out well for both of us for the last 4 months. there are still a... Continue reading
Nov 07, 2009 
  
 Q: Will there be a warranty deed for this property? I would like to use my own title agent, is that a possibility? Thanks, Ben
A: Yes, I believe that's how it goes. If I have a warranty deed a similar deed is drawn up for the new owner. Please seek more specific advice at www.co.lawrence.pa.us Lawrence County Recorder (724)656-2127. I prefer to use... Continue reading
Nov 03, 2009 
  
 Q: can full amount be paid through paypal? Have the tenants been notified home is being sold and they have to move? I want to owner occupy the property.
A: Hi, Please plan on paying the balance of your winning bid via certified check or bank wire. Owner occupy is fine. Thanks and good luck!
Nov 03, 2009 
 Q: Hi. Is the starting bid for the purchase price (plus additional taxes, fees etc. you mentioned)?
A: Yes, the starting bid is for the full purchase price (not a down payment). 2008 and 2009 taxes will need to be paid in addition to the winning bid. Taxes can be paid to the closing agent or directly to the tax office. The... Continue reading
Nov 02, 2009 


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Shipping and handling
Item location: New Castle, PA, United States
Shipping to: United States
 
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The seller will not accept returns for this item.
Seller assumes all responsibility for this listing.

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