-REAL ESTATE AUCTION-

The following Real Estate will be offered by Public Auction on site. This rare opportunity to purchase an early 2 story home with addition rental units is rare. Property address is 321 WEST FAIR AVE in LANCASTER, OH. Sign is posted!

SATURDAY, JUNE 10, 2023

SALE TIME- 10:00AM

OPEN HOUSE> SUNDAY (JUN 4 FROM 1-2:00PM)

 

This offering will feature the main home plus a rental structure at rear of property. Main home features 3BR, 1½ BA, roof & gas furnace approx 4 years old, newer windows, nice kitchen area w/appliances, original woodwork & hardwood floors, 2 early gas fireplaces w/beautiful mantels, basement, enclosed side porch & many other features. The 2 story/2 rental unit in rear structure offers additional income. Each features 2BR, 1BA, nice kitchen area with appliances plus more. Lancaster City Schools. TERMS: $10,000 down at auction w/balance due within 45 days. Sells “as is” in all respects & subject to Seller confirmation. Call or visit www.LeithAuctions.com for complete details & terms. Announcements made sale day shall take precedence.

 

AUCTIONEERS NOTE- We believe this parcel offers many positive features. It should appeal to investors or anyone looking for a “starter home” with additional income possibilities to lower or pay mortgage. Please call or visit our website for more info. Note the Open House day & time. Auction will be conducted on site sale day. Come early for the Real Estate will be the only thing offered sale day.

 

Marketed by EDGE Properties & Realty LLC-  Doug Leith-Auctioneer/Agent

740/215-1952 

PROPERTY FEATURES: Parcel ID-0532075700

 

1-         This Parcel consists of the early 1900 two story main house plus a 2 story/2 unit rental behind main house.

2-         Property is zoned RM.

3-         Property is in Lancaster City/Fairfield County. Lancaster School District.

4-         All 3 units are vacant.

5-         Main house features 3BR, 1½ BA, nice kitchen area, gas heat & more.

6-         All remaining kitchen appliances will remain with the property.

7-         Roof & gas furnace of main house are approximately 4 years old.

8-         Newer windows

9-         Original woodwork & hardwood floors in main home. 2 gas fireplaces w/beautiful mantels.

10-       Security cameras remain.

11-       The 2 story rental structure in back consists of 2 individual units.

12-       Rental units have 2BR, 1BA, radiant ceiling heat, nice kitchen area with appliances & AC.

13-       Rental units have separate electric meters.

14-       Current property taxes are approximately $695.09 per half year.

 

BIDDING PROCEDURE & TERMS TO KEEP IN MIND:

 

1-         Currently zoned “RM”. Any zoning change is responsibility of Buyer.

2-         All bidding is open & public. You or your representative must register prior to auction.

3-         Seller will have the opportunity to accept or reject the highest offer after receiving the signed “Offer to Purchase” contract. Seller reserves the right to accept or reject any & all offers.

4-         Minimum bid increment are at the discretion of the Auctioneer.

5-         $10,000 deposit required at conclusion of auction. Money is non-refundable if buyer fails to close within the terms of the contract. Sale is not dependent upon financing or any other contingencies. Deposit will be returned to successful Buyer at closing.

6-         Balance of purchase price due at closing within 45 days from acceptance.

7-         Your bids are to be based solely upon your inspection. Property is being sold “as is” in all respects without warranties & subject to Seller confirmation. Property is available for any inspections potential Buyers want to conduct prior to auction.

8-         Property taxes will be pro-rated to day of closing. Possession at closing.

9-         Seller will provide clear & marketable deed. Any inspections, title insurance or survey (if required) are responsibility of Buyer.

10-       Sells subject to all valid recorded easements, restrictions & right of ways.

11-       The only closing costs to Seller will be deed preparation, county conveyance fee & any filing fees associated towards Seller.

12-       Auctioneers/Agents represent the Seller. No Buyers Premium will be charged to Buyer.

           Announcements made sale day shall take precedence.

Please Note- We do not recognize Agent co-oping on our Auction properties.

Real Estate auctions marketed thru EDGE Properties LLC. 7301 Havensport Rd, Baltimore, OH 43105

phone 614.738.9996

Copyright© 2006 Leith Auctions. All Rights reserved.