Homes & Development Land, New Albany, Ohio

Downtown New Albany Property

Photos

Overview of Parcels

Brief Description

5 parcels available in desirable downtown New Albany, Ohio including 3 residences, outbuildings and 1.66 acres of undeveloped land.  Properties are ready for redevelopment, renovation or quick move in.  See info at right side of screen for more detail.

Auction Schedule

Online Bidding Only

Began: Thursday, April 03, 2014 at 9:00 AM EDT

Ended: Wednesday, April 30, 2014 at 10:30 AM EDT

Inspection

Began: Thursday, April 17, 2014 at 10:00 AM EDT

Ended: Thursday, April 17, 2014 at 12:00 PM EDT

Inspection

Began: Saturday, April 26, 2014 at 10:00 AM EDT

Ended: Saturday, April 26, 2014 at 12:00 PM EDT

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Details

See Auction Information Package under Documents for more details

 

AUCTION DATE:  April 30, 2014. Bidding ends at 10:30am

 

INSPECTION: April 17 & 26 from 10am to Noon

 

COMMISSIONS: 3% co-op offered.  Buyer agents must register buyers prior to client placing a bid.  Broker Registration Form available in Property Information Package or by emailing Auctioneer at rfk@gryphonusa.com.    

 

REGISTRATION: Bidders must register online and provide valid credit card which will be charged $2,500 per parcel**(see full terms) upon being determined the highest bidder.

 

BUYERS PREMIUM: 10%

 

BIDDING LINK: http://rasmuscatalog.com/cgi-bin/mnlist.cgi?rasmus1877/category/ALL

 

Multiple Lots being offered as follows:

 

Lot 1 – 48 N. High St., Parcel 222-000013

 

Lot 2 – 48 N. High (rear) aka 0 Cherry Alley, Parcel 222-000112

 

Lot 3 – 42 N. High St., Parcel 222-000060

 

Lot 4 – 35 Miller Ave., Parcel 222-000143

 

Lot 5 – 1.66 Acres of Land aka 0 Main St., Parcel 222-00086

 

Lot 6 – Lots 1 & 2 Combined

 

Lot 7 – Lots 1, 2 & 3 Combined

 

Lot 8 – Lots 4 & 5 Combined

 

Lot 9 – All Lots Combined

 

Gallery: Lot 1 Pics – 48 N. High

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Gallery: Lot 2 Pics – 48 High REAR

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Gallery: Lot 3 – 42 N. High

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Gallery: Lot 4 – 35 Miller

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Gallery: Lot 5 – 1.66 Acres

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Gallery: Combination Lot Aerials

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Auction Terms

SUMMARY OF TERMS AND CONDITIONS OF

ONLINE AUCTION OF REAL PROPERTY

 

Registration: To obtain a buyer number for the real estate auction, the buyer must complete online registration with Auction Firm, agree to have your registration related credit card charged an amount of the identified deposit upon being deemed the High Bidder and execute a Purchase & Sale Agreement for delivery to Gryphon the next business day following the conclusion of the auction.

 

Be it understood that Borror Properties Real Estate, Richard F. Kruse and Gryphon Auction Group advises all potential buyers to seek legal counsel if for any reason they do not understand any part of the auction’s TERMS and CONDITIONS.

 

Bidding:  All bidding shall be online at www.gryphonusa.com.

 

Contracts: The successful bidder for the purchase of the real property shall sign and return all documents to Gryphon on the next business day following the conclusion of the auction. Transmission may be by fax to 614-573-6344, by email to rfk@gryphonusa.com or by overnight mail / hand delivery to 9387 S. Old State Rd., Lewis Center, Ohio 43035.

 

A copy of the Purchase & Sale Agreement is provided on Auction Firm website at www.gryphonusa.com as an additional document and also available by contacting Gryphon at rfk@gryphonusa.com

 

Deposits: A deposit in the amount of $2,500 will be collected from the high bidders credit card at the conclusion of the auction.  In the event of a purchase of a combination lot, the deposit amount shall be $2,500 for each lot in the combination with the initial $2,500 deposit charged to the bidders credit card and the additional deposit due in certified funds, delivered to Auction Firm, the next business day.  The highest bidder on Lot 5 shall be required to deposit a total of $25,000, with $2,500 being charged to the bidders credit card and the balance due in certified funds the next business day.

 

By registering for this auction, the highest bidder agrees NOT to initiate a credit card chargeback for any reason.

 

Buyer’s Premium:  A Buyers Premium of 10% shall be added to the high bid at the close of bidding.  The high bid plus buyers premium shall constitute the Total Contract Price paid by the Buyer to the Seller.

 

Closing: Within thirty (30) calendar days following the conclusion of the Auction.  Closing shall occur through a closing/title agent of Sellers choosing.  At Closing, Buyer shall receive a warranty deed to the Property in transferable and recordable form. 

 

Possession:  Buyer shall be entitled to possession at closing.

 

Real Estate Brokers: Agents and brokers MUST register their clients with Auctioneer prior to client placing any bids on property.  A Broker Registration Form is available as part of the Property Information Package which is downloadable from the Auction Firm website.  An agent or broker also acting as a buyer does not qualify for commissions.  

 

Condition of Sale: BUYER ACCEPTS THE PREMISES “AS-IS WHERE IS”, WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND BY SELLER INCLUDING ANY REPRESENTATIONS REGARDING ENVIRONMENTAL CONDITIONS AFFECTING THE PREMISES. THE WARRANTIES EXCLUDE, BUT ARE NOT NECESSARILY LIMITED TO FREEDOM FROM STRUCTURAL DEFECTS, CONSTRUCTION IN A WORKMANLIKE MANNER AND FITNESS FOR HABITATION.

 

Jurisdictions: The respective rights and obligations of the parties with respect to the herein terms and conditions and the conduct of the Public Auction shall be governed and interpreted by the laws of the State of Ohio. By bidding at the Public Auction, whether present in person or by agent, by written bid, online or other means, the buyer shall be deemed to have consented to the jurisdiction of the Court. Any controversy or claim arising from or relating to the any purchase contract or incidental document associated therewith, or breach thereof, shall be determined and settled by the Franklin County Court of Common Pleas. 

 

By registering to bid, I agree that I have read and understand the previous terms and conditions.

Documents

Directions

Near the intersection of Route 65 (Main St.) and Route 605 (N. High / Reynoldsburg New Albany Rd.) in downtown New Albany, Ohio.

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