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You are bidding on the DOWN PAYMENT ONLY
of this 3 bedroom / 2 bath single family home located at
1902 Lexington Ave. in Indianapolis, IN 46203
NO CREDIT CHECK WORRIES - NO HIDDEN FEES
High Bid Gets the house - Owner Financed on balance - No Bank needed
Check our 100% positive feedback over 10 years selling on eBay!
This 1,850 square foot home is rent-able NOW, but I'm done playing land lord. I want out.
I'm auctioning it off at a price well below what it's worth to you as an investor (or owner/tenant)
I've attached three videos below that show the outside, inside and neighborhood surrounding 1902 Lexington Ave.
A video walk around the inside and outside of the home and
a drive down the street (click the play buttons):
Here Is EXACTLY What Your TOTAL Monthly Payment Will Be Depending On Your Down Payment (The Winning Bid). |
| Down Payment (The Wining Bid) |
Years Financed |
Interest Rate |
Balance Owed After Down Payment |
Tax and Insurance |
Total Monthly Payment |
| $1,000.00 |
30 |
5% |
$68,000.00 |
$275.00 |
$640.04 |
| $2,000.00 |
30 |
5% |
$67,000.00 |
$275.00 |
$634.67 |
| $3,000.00 |
30 |
5% |
$66,000.00 |
$275.00 |
$629.30 |
| $4,000.00 |
30 |
5% |
$65,000.00 |
$275.00 |
$623.93 |
| $5,000.00 |
30 |
5% |
$64,000.00 |
$275.00 |
$618.57 |
| $6,000.00 |
30 |
5% |
$63,000.00 |
$275.00 |
$613.20 |
| $7,000.00 |
30 |
5% |
$62,000.00 |
$275.00 |
$607.83 |
| $8,000.00 |
30 |
5% |
$61,000.00 |
$275.00 |
$602.46 |
| $9,000.00 |
30 |
5% |
$60,000.00 |
$275.00 |
$597.09 |
| $10,000.00 |
30 |
5% |
$59,000.00 |
$275.00 |
$591.72 |
| $11,000.00 |
30 |
5% |
$58,000.00 |
$275.00 |
$586.36 |
| $12,000.00 |
30 |
5% |
$57,000.00 |
$275.00 |
$580.99 |
| $13,000.00 |
30 |
5% |
$56,000.00 |
$275.00 |
$575.62 |
| $14,000.00 |
30 |
5% |
$55,000.00 |
$275.00 |
$570.25 |
| $15,000.00 |
30 |
5% |
$54,000.00 |
$275.00 |
$564.88 |
| $16,000.00 |
30 |
5% |
$53,000.00 |
$275.00 |
$559.52 |
| $17,000.00 |
30 |
5% |
$52,000.00 |
$275.00 |
$554.15 |
| $18,000.00 |
30 |
5% |
$51,000.00 |
$275.00 |
$548.78 |
| $19,000.00 |
30 |
5% |
$50,000.00 |
$275.00 |
$543.41 |
| $20,000.00 |
30 |
5% |
$49,000.00 |
$275.00 |
$538.04 |
Principle, Interest, Taxes, Insurance, And A 10% Escrow Fee Are Included In The Total Monthly Payment. |
The house was recently lived in by a tenant that left it in clean condition. I don't have time to manage tenants any longer. I'm simply too busy and I need someone (the high bidder) to take over this investment. I don't want to pay a huge commission to a real estate agent but I want out. I've rented this home out for $650 to $750 in the recent past. This house is worth about $98,000. according to this link on zillow.com. You can also see the average estimated values of other homes in the area. With minimal cosmetic attention you could easily sell this property for $70-$75,000 or possibly higher, but I don't have the time or desire to pay attention to this house any longer. I'm getting rid of my rentals. I'm giving this house away for $69,000 and that's definitely a true steal for this up and coming neighborhood near downtown (historic "Fountain Square" area).
You can easily rent this house out if you'd like as well and make money on it while you are buying it from us! The Section 8 program in Indianapolis will pay you $750 or more for this house every month on time like clockwork. Fixed up section 8 houses go fast in Indy. You could also just put a traditional renter in it, or live in it and have a ton of equity from day one.
The house sits on approx .35 acres, but don't hold me to that exact number.
Some paint and wall repair is needed on the inside and some windows need repaired. The garage has a bunch of junk in it (see video) that may still be there once you get in. The basements in these old houses are damp, but there are no major plumbing, roof, structural or electrical issues that we are aware of...but it is an OLD HOUSE.
This house is sold AS IS WHERE IS, with no implied warranties. We've priced it VERY low for you to take out the risk of buying. Bidding starts at $1 for the down payment. Check out our LONG history of doing a good honest business on eBay and BID WITH CONFIDENCE ON THIS HOUSE!
For some people this home is ready to move into, but there is some cleaning and minor repair needed.Winning Bidder should contact us, the seller,
immediately to pay the $200 filing fee and to get instructions. The $200 MUST BE PAID IMMEDIATELY upon auction close. Please plan to send the remaining funds
within 48 hours of auction closing. Please send payments via Cashier's
Check, or a money order (the filing fee may be sent via paypal). Your total payment is $200 (paperwork filing fee) + WINNING BID + FIRST MONTHS RENT. For example if the winning bid is $5,000 you'll have to pay $200 + $5,000 (winning bid) + $618.57 (first months rent). See the simple calculator above to calculate for other down payment amounts.
Please ask all questions before bidding
There are no other fees, application fees, transfer fees etc. Winning bid+first months payment +$200 filing fee. That's it.
The winning bidder will subtract the down payment
(which is the winning bid) from the purchase price of $69,000 and we
will owner finance the balance for 30 years or less if you desire, at 9% interest, plus taxes and insurance. You can pay down the loan or buy it for the balance due with your own bank loan at any point without penalty. This is a great way to be a homeowner for very little investment - You really can simply rent this house out to someone else and you'll have instant cash flow. We are getting rid of all Indianapolis rental properties we own.
I really have no time to put into the maintainence and upkeep of this home so here's your chance to STEAL this great investment.
Please ask all questions before bidding.
If you win you must pay the $200 filing fee immediately so we
know you are serious.
SERIOUS BIDDERS ONLY PLEASE!
If you have any questions, we would love to help you, but ask BEFORE bidding.
If you have fewer than (5) transactions on eBay with feedback then you MUST click here to contact us PRIOR to bidding.
We'll need your phone number and contact information otherwise we may be forced to delete your bid.
Failure to contact us prior to bidding may result in bid deletion.
Please notice our nearly DECADE of perfect feedback on eBay - we are honest about our business.
This is a 100% legitimate deal that we've done many times before on other houses.
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