***PLEASE READ ENTIRE LISTING FROM TOP TO BOTTOM BEFORE SUBMITTING BID***
NO RESERVE!
4-BEDROOM 1-1/2 BATH SINGLE FAMILY HOME - HANDYMAN SPECIAL - INVESTMENT PROPERTY
located in Santa Clara District of Dayton, Ohio
Property in need of repairs and remodeling.
Can be kept as a RENTAL or for RESALE.
Minutes from Sinclair Community College, Miami Valley Golf Club, Kittyhawk Golf Course, Kettering Field Park, Triangle Park,
Stillwater Gardens Metro Park, Grandview Hospital, Good Samaritan Hospital, Boonshoft Museum, Dayton Art Institute,
Fifth Third Minor League Baseball Park, 2 major highways, the Miami River, area amenities and shopping, and more.
ABOUT DAYTON
Dayton boasts culturally rich museums and visual art centers – The Dayton Art Institute and the Boonshoft Museum of Discovery to name two- and the Dayton Area recently celebrated the grand opening of the Schuster Performing Arts Center. The venue hosts performances, exhibits, and events from first class world touring groups and popular community organizations such as the Dayton Philharmonic Orchestra, the Dayton Opera, and the Dayton Ballet.
The United States Air Force Museum, the oldest and largest military and aviation museum in the country, features a fascinating collection of both modern and old-fashioned flight apparatus.
Situated at the “Crossroads of America” Dayton is well linked to Ohio’s highway network (10th largest in the country). Its prime location offers accessibility to jobs, recreation, shopping, and other necessities for daily living.
Dayton, Ohio is the nation's number one 90-minute air market! In other words, you can reach 55% of the country's population and roughly 56% of the nation's income within 90 minutes by air. Over the road, Dayton
ranks in the top 10 in the U.S.
ABOUT THE NEIGHBORHOOD
The Santa Clara District is a long-standing Dayton neighborhood along the North Main Corridor that has a rich history of classic homes. Chief employers nearby include Health Care and Social Assistance - General Medical and Surgical Hospitals, Nursing Homes, Accommodation and Food Services, Construction, and Waste Management and Remediation Services. Average household size is 1.4 people. 51.3% of the area residency is families. Renter to resisdent ratio is about 50-50.
HOME DESCRIPTION
Home is frame construction with some nice architectural details on the inside. It has a detached 2-car garage. On the outside, roof was replaced in the last couple of years. The inside mostly needs clean-up and paint. House will need a new kitchen. Vinyl siding on one side needs to be replaced on rear section of second story. House will need new exterior doors and some windows. Plumbing needs some repairs as does the wiring panel. House has steam heat. The home has no known outstanding code violations at the time of this listing. Double next door was recently renovated and is now occupied by a resident family homeowners. You can find out more about this home by calling 800-393-5032 x 86270 for 24-hr free recorded information. Please note - you are buying the home "as-is" "how-is" "where-is".
INVESTMENT ANALYSIS
Real estate values are the best they have been for investors to get positioned since the early 1980's. Now is the time to buy to take advantage of the next run up in real estate. Please take time to review a couple of the comparables of properties near this one. While we have seen estimated renovated value of this home as high as $72,500, a more conservative estimate is $55,000 to $59,000. Area rentals for a home this size range from $575 to $650 per month.
Area Comps
Address City State Zip Distance Sales Price Sale Date
-
247 Delaware Ave Dayton, OH 45405 0.01 $72,000 12/16/2008
-
120 Fountain Ave Dayton, OH 45405 0.07 $68,000 11/18/2008
-
511 Kenwood Ave Dayton, OH 45405 0.24 $69,900 02/06/2009
TERMS
Your bid will a bid for the full purchase price of the property only.
Title agent fees (closing costs) are extra.
The title agent charges approximately $500 for title work to provide a General Warranty deed and a title that is free, clear, and insurable. Taxes are current as of this listing and will be prorated by title agent.
The title agent's fees are the responsibility of the buyer and will be in addition to the full purchase price paid for the property (your bid).
Closing will occur through a title agent at which time final payment will be due, and title to home (i.e., ownership of home) will transfer to successful bidder.
Purchaser understands and agrees that he/she is purchasing this home in "as is, where is, how is" condition at the time of closing, with NO WARRANTY EXPRESSED OR IMPLIED. Any representations of this property are simply the opinion of the seller. Information is not warranted. All purchasers are responsible for and encouraged to perform their own due diligence.
NOTE: As part of due diligence, for $95, Bidders may arrange through us a preliminary title search on property through title agent who will handle closing. While it is non-refundable, $75 of this preliminary fee will be credited back to the successful bidder and deducted from closing costs charged by the title agent at closing. Payment for this service would be due in advance. This will provide you through an independent third-party a description of any encumbrances on the property. We are not a title agent and cannot do this research or be responsible for providing this information to you. It is your responsibility to do this on your own or through a title agent. To take advantage of this service, contact us via email. We will arrange it for you. You will be able to submit payment for this service via PayPal.
SELLER ENCOURAGES ALL BIDDER/PURCHASERS TO DO THEIR OWN DUE DILIGENCE PRIOR TO PURCHASE AND VISIT THE HOME.
Bidder/Purchasers may learn more about this home by calling our 24-Hour Free Recorded Information Line at 800.393.5032 x 86270.
Bidder/Purchasers are encouraged to learn more about this home by calling the information line and visiting www.RealDaytonDeals.com.
Any Bidder/Purchaser who wishs to arrange access may do so by sending us his/her full name and phone number.
This is a CASH AUCTION. When submitting a bid, bidder must have funds on hand to complete the purchase. This is a speedy closing with no time to arrange bank financing.
THIS AUCTION IS FOR SERIOUS BIDDERS ONLY. Only bid if you are willing to follow through with 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 ask before conclusion of the auction.
CLOSING PROCESS
Upon winning the auction, PURCHASER MUST CONTACT SELLER IMMEDIATELY via phone or email and provide the following:
- Name to be placed on deed.
- Phone Number
- Address to send settlement sheet.
- $2,000 non-refundable earnest money deposit in the form of a cashier's check 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.
Closing costs are approximately $500 - $700 if you get title insurance - and covers deed preparation, transfer tax etc. Anyone who wants a schedule of closing costs may obtain one from us via email request. We will gladly send one to you.
Closing of this transaction is within 5 business days after the auction ends. The balance due must be sent to our title company via cashiers check or wire transfer 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: Bidders with Feedback Score of 5 or Less must email Seller immediately with your full name and contact number.
In addition, bidders with a Feedback Score of 5 or less will need to tender $200 good faith money via PayPal upon placing bid to demonstrate that they aren't just fooling around.
This is refundable only if bidder is unsuccessful. (If successful, this becomes part of the $2,000 EMD referenced above.)
If you do not perform on these requests, we have the right to cancel your bid.
YOU MUST READ AND AGREE TO THE TERMS PRIOR TO SUBMITTING A BID. Flint, Michigan, Indiana,
To find out more, go to www.RealDaytonDeals.com or
CALL our 24-Hour Free Recorded Message at
800.393.5032 ext 86270
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