The Live Auction Date has changed to Wednesday, January 15th, at 7:00 PM. Cardinal Center Campground Banquet Hall
[616 State Route 61, Marengo, Ohio 43334].
Live and Online Auction Ending January 15th at 7:00 PM - Aggregate Reserve: $550,000
Auction Details:
- Property Location: 2067 County Rd 170 Marengo, OH 43334
- Live Auction Location: Cardinal Center Campground Banquet Hall
[616 State Route 61, Marengo, Ohio 43334]
- Date & Time: Wednesday, January 15th, 2025, at 7:00 PM
- Aggregate Reserve: $550,000
TRACT #1: 10+/- acre parcel featuring a house (1136 Sq. Ft.), 50x130 horse barn (6500 Sq. Ft.), and 2 sheds (12x24 and 10x16)
TRACT #2: a 60x 120 (7,200 Sq. Ft.) shop on 2+/- acres.
- Format: Multi-parcel auction
- Purchase TRACT #1, TRACT #2, or both as a package.
- Simulcast: Online & Live bidding is available, with online bidding starting January 15th at 7:00 PM.
Real Estate Agents:
- Morrow County Hospital – ~11 miles
- Delaware State Park – ~15 miles
- Polaris Fashion Place (Shopping Mall) – ~25 miles
- John Glenn Columbus International Airport – ~35 miles
- Downtown Columbus – ~35 miles
Reserve Price: The property has an aggregate reserve price of $550,000 (minimum bid).
Acknowledgment of Terms: All bidders must review and sign the Acknowledgement of Terms & Conditions document prior to bidding.
Property Condition: The property is sold in 'AS IS' condition. The Seller will not make any repairs or concessions, and there are no contingencies.
Inspections: The sale is not contingent upon a satisfactory inspection. Bidders are encouraged to inspect the property before the auction ends.
Financing: The sale is not contingent upon the Bidder's ability to secure financing. The buyer is responsible for any appraisal gap.
Post-Auction Procedures: After the auction closes, the successful Bidder must sign and return the purchase contract and any other required documents electronically within 24 hours.
Deposit: The successful bidder must provide a $20,000 deposit (earnest money) (per parcel) via electronic transfer.
Closing: The buyer must complete the purchase within 30 days of the auction.
Seller's Obligations: The seller will cover the costs of the owner's title insurance, deed preparation, conveyance fee, and the proration of real estate taxes.
Buyer's Premium: A 10% Buyer's Premium will be added to the final bid to determine the final purchase price.
Please see the Frequently Asked Questions and Advantages of Competitive Bids for more details.
