MULTI-PARCEL

Tract One (1) is two parcels totaling 2.5 Acres with a home situated on the corner of Jacktown Rd. & East High St. Tract Two (2) Is a one acre lot with an outbuilding.

Both zoned R3 with potential to split the parcels for great development opportunity. Buy EITHER or BOTH tracts as it sells in the manner resulting in highest selling price with an aggregate RESERVE of $125,000.

Structures located on the property are in disrepair and a Hold Harmless waiver must be signed prior to showing.

AUCTION TERMS & CONDITIONS

1. Selling with the aggregate (cumulative) reserve of $125,000

2. The real estate sells in AS-IS condition. The Seller is not making any repairs or giving any concessions.

3. The sale is not contingent upon a satisfactory inspection.

4. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

5. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.

6. The successful bidder/buyer of the parcel(s) will deposit $5,000 per parcel  (earnest money), non-refundable, payable on the day of the auction in cash, check, or by electronic transfer, to be held by the auction company.

7. Buyer to proceed to close within (30) days of the auction.

8. Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

9. There is a 10% (TEN) Buyer’s Premium added to the final bid price to determine the final purchase price.

AUCTION MARKETED & AUCTIONED BY

Auction Ohio Real Estate

7461 Worthington Galena Road

Worthington, OH 43085

WHAT IS A MULTI-PARCEL AUCTION?

This sale will be conducted as a Multi – Parcel Auction with 2 properties selling individually or in any combination.

After the properties are offered on an individual basis, the auctioneer will entertain subsequent rounds of bidding whereby buyers are permitted to combine properties at a higher bid value. Buyers can place bids on individual properties or both properties, at anytime until bids are closed. The real estate will sell in the manner that produces the highest bid price.