4304 State Rd, Drexel Hill PA -

REAL ESTATE AUCTION

Web, October 28, 2020 - 2PM 

at the property location. 4304 State Rd, Drexel Hill PA -

Bidder packet at www.AuctionUp.com 

Opening Bid: $120,000

Auction Inspection Dates (Use these dates to inspect the property, no further access granted between auction and settlement)

Mon, October 12th 3-5PM

Sun, October 18th 2-5PM

Thurs, October 22nd 5-7.

About the home

Welcome to this Tudor style family home. This spacious 3600 sq ft home boasts 6 BR and 2.5 Bathrooms.

Solid stone construction gives you extra insulation & deep windowsills on the First Floor. Second & Third floor exteriors are stucco.

A large welcoming foyer awaits you upon entering.

The 30’ by 18’ Living Room has a stone fireplace. Beyond two pair of French Doors is the recently remodeled multi purpose room with crown molding. Works as a Family room, office or sun porch.

The large sunny Dining Room will offer many opportunities for family dining and entertaining. A small adjoining room works as an At Home Office, Large Pantry or Breakfast Room. Next is the sunny eat-in kitchen.

The second floor has a Master Bedroom Suite with Full Bath and three additional Large Bedrooms. Full Hall Bath.

Did we mention 3 full floors of beautiful inlaid hardwood floors?

Upstairs on the 3rd Floor you’ll find two more bedrooms and lots of attic storage; cedar closet and three under eave storage areas.

Property sold with free and clear title to the highest bidder subject to immediate owner’s approval.

Property sold AS IS.

Property is being offered at Auction.  There will be competitive bidding starting at $120,000 for this 6 Bedroom House.

There will be three OPEN HOUSES. Prospective buyers may come to preview at Open Houses.

OPEN HOUSES: Masks and Social Distancing Required. Limited occupancy. There may be a line. Only 2 families in the house at a time.

Open House 1: MONDAY October 12, 3-5 PM

Open House 2: SUNDAY October 18, 2-5 PM

Open House 3: THURSDAY October 22, 5-7 PM

About the Auction

Uniques & Antiques has sold many properties using the auction method.

Home owners have decided to use the auction method to marketand negotiate the sale of this property.

The house at 4304 State Road will be sold in AS IS condition.

Sold with FREE & CLEAR Title. Cash sale.

No further inspections between auction and settlement.

No contingencies. Buyer pays all transfer taxes.

$10,000 certified funds in hand to bid.

Settlement in 48 days or less (on or before Dec. 15th, 2020)

Live in person auction occurring at the property.

$10,000 certified funds required to obtain a bidding paddle.

Sold FREE and CLEAR title.

3.5% Broker Participation paid to successful bidders’ broker at settlement.

Before the Auction:

Each potential bidder views the property during the open house inspection periods.

Desired inspections including all home inspections conducted by bidder or their contractor. This is the only opportunity to do inspections. All inspections happen before auction day.

Zoning or subdivision research is completed.

Bidder decides what their maximum bid will be.

Auction day:

We allow for inspection the day of the auction one hour before auction time.

Any interested buyer has already completed their inspections of the property and have decided how they will pay for the property.

Buyers arrive at the auction with a $10,000 Certified check made out to their own name in order to register for a bidding

paddle. Only registered bidders will be able to bid.

The auctioneer auctions the property accepting bids from present registered bidders and approved telephone bidders. Once the bidding stops and there is a high bidder, the auctioneer takes a quick consultation with the seller to confirm the price. Once the price is confirmed and accepted, we may offer one last chance for further bids. Buyer and seller immediately enter a written agreement of sale for the hammer price plus the 10% buyer’s premium with a set settlement date. Buyer’s certified $10,000 deposit is endorsed over to the transaction and held in an escrow account with the auctioneer. This deposit will be applied to the transaction at settlement. If buyer defaults and does not follow through to settlement, the deposit is forfeited to the seller. There are no contingencies on this agreement of sale other than Free and Clear title.

If a bidder was unsuccessful, they redeposit their $10,000 check back into their own account.

After the auction:

Successful Buyer orders a title report from their choice of title insurance companies. (Auctioneer can assist in choosing a title co.)

Buyer and seller attend settlement with the balance of the amount needed to complete settlement including all real estate tax escrows, transfer taxes and settlement charges. (Title insurance company can provide a settlement cost estimate).  Buyer receives keys and the transfer of the property free and clear. Buyer must apply for a certificate of occupancy and do any required renovations by local municipality before occupying the residence.