217 Langdon St. Bidders Package

Online Auction – $5,000 minimum bid!

Bidding Concludes: Wednesday, October 27, 2021, @ 3 pm

Inspection Date:  

1. Thursday, October 21, 2021, from 12:00-1 pm

Single family rental in South Toledo!  This 3-bedroom residence is currently leased to a long-term tenant for $475 per month or $5,700 annually.  Newer vinyl siding and roof.  This will make a nice addition to your rental portfolio.  Bid your price in this online auction.

*Parcel ID:0450101    *Lot Size: 44×110        *Sq. Ft. 1,122             *1/2 Yr. Taxes $151.78

Directions: 217 Langdon St. is off Western Ave. to Langdon.  Between Broadway and Anthony Wayne Trail.

Property Management:  Managed by LaPlante Real Estate

Link to Documents:  https://app.box.com/s/zra4goi6puf8tdmjkvil5pgfgugs2hlh

Online Bidding Registration: You need to be registered in order to place a bid. Bidders are required to sign a bidder’s registration form plus one of the following for bidding approval: proof of funds, bank letter of guarantee, or agent/auctioneer approval.  The credit card authorization option is run by a third-party vendor and will not qualify you for bidding on this auction.  For questions concerning registration please contact Nick Pinotti at (419) 779-4000 or nick@offernow.bid.

Bidding increments:  Bid increments of $1,000 per increased bid.

Terms: Online Bidding concludes Wednesday, October 27, 2021, @ 3 pm.  The winning bidder must execute the purchase agreement package immediately following the conclusion of bidding.  The winning bidder will be notified via email of the successful bid.  A $3,000 non-refundable earnest money deposit must be wired or delivered in the form of a certified check to Midland Title and Escrow, LTD. immediately following notification of successful bid.  Balance due at closing by November 5, 2021. At the expense of the seller, a guaranteed certificate of title will be provided.   A 10% or $3,000 (whichever is greater) buyer’s premium will be added to the last bid to establish the final purchase price.  Inspections must be completed prior to bidding.  No contingencies.  Sold As-Is, Where-Is.  Buyers shall rely entirely on their own judgment, assumptions, and confirm any information on which a bid is based.  Auctioneer and Agents represent the Seller.  Brokerage services are provided by LaPlante Real Estate.

Auto bid option:  You may place a bid as high as you want to go, but the system will raise it only as high as needed. For instance, if the current bid is $100K and you place $150K the system will raise the bid only to $101K and select you as a high bidder. If someone, places a higher bid, say $120K, the system will automatically place a bid of $121K on your behalf and select you as a high bidder. However, if someone places a bid of $151K or greater this person will be selected as a high bidder.

Bidding auto extend:  Our system prevents last-second sneaking by automatically extending the bidding time. If someone places a bid within the last 5 minutes before the end of the bidding the system will automatically extend the time by 15 minutes to let other bidders make weighed out decisions.

Contact:  Nick Pinotti: Auctioneer/Realtor (419) 779-4000 or nick@offernow.bid.

Information deemed reliable but not guaranteed and subject to change without notice.