March 12, 2010 -

INVESTOR HANDYMAN SPECIAL HOME 3BR/1BA HOUSE DAYTON OH (220548525480)

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INVESTOR HANDYMAN SPECIAL HOME 3Br/1Ba House Dayton OH
TIME REMAINING BID AT  
COMPLETED
Feb-8-10 17:42:22 PDT
$1,100.00
33 Bids     bid increment:$25.00
No Reserve
 
Listing Type Traditional Auction
Link to eBay View on eBay
Quantity Available 0
Currency USD
Seller realdaytondeals
Feedback Score 72
Member Since 2002-07-06
Ask Seller a Question

View Seller Details
 
Item Location Dayton, Ohio
    Click Here to View on ebay
 
   
   
   
 

***PLEASE READ ENTIRE LISTING FROM TOP TO BOTTOM BEFORE SUBMITTING BID***

NO RESERVE!

3-BEDROOM 1-BATH SINGLE FAMILY HOME
 - INVESTOR HANDYMAN SPECIAL -
INVESTMENT PROPERTY
located in Twin Towers District of Dayton, Ohio

Property in need of repairs and remodeling.
Can be kept as a RENTAL or for RESALE.

Just a few blocks from University of Dayton, Oregon Historic District, 5th3rd Minor League Baseball Stadium, Miami Valley Hospital, Historic Woodland Cemetary and Arboretum 
Minutes from Sinclair Community College, Children's Medical Center, Downtown Dayton, 
Access to 3 major highways,
 area amenities, shopping, and more.

ABOUT DAYTON

Dayton boasts culturally rich museums and visual art centers – The Dayton Art Institute and the Boonshoft Museum of Discovery to name two- and the Dayton Area recently celebrated the grand opening of the Schuster Performing Arts Center. The venue hosts performances, exhibits, and events from first class world touring groups and popular community organizations such as the Dayton Philharmonic Orchestra, the Dayton Opera, and the Dayton Ballet.

The United States Air Force Museum, the oldest and largest military and aviation museum in the country, features a fascinating collection of both modern and old-fashioned flight apparatus.

Situated at the “Crossroads of America” Dayton is well linked to Ohio’s highway network (10th largest in the country). Its prime location offers accessibility to jobs, recreation, shopping, and other necessities for daily living.

Dayton, Ohio is the nation's number one 90-minute air market! In other words, you can reach 55% of the country's population and roughly 56% of the nation's income within 90 minutes by air. Over the road, Dayton
ranks in the top 10 in the U.S.

ABOUT THE NEIGHBORHOOD

Twin Towers is a long-standing Dayton neighborhood that has a rich history of utilitarian homes.  Average housing values in 2008 was $89,291. Residents tend to move there and stay with owners staying median of 9 years and tenants a median of 3.  Owner to tenant ratio is about 3:2 with about 10% more owners than renters.  Median rent for the area is $442.  A tremendous amount of redevelopment has occurred and is scheduled to occur in surrounding areas.  New homes are being built a few blocks away from this one to sell in the $70,000 range.  Three of the four corners a couple blocks away at a commercial intersection have been redeveloped in the last several years with the fourth scheduled in the next 24 or less.  The newly-elected Dayton mayor lives in the neighborhood next door to this one.  It is poised for a renaissance.

HOME DESCRIPTION

Home is frame construction. Three sides have relatively new vinyl siding.  Roof over the back half of the home was recently replaced.  The home will need new windows and doors. Basement windows need to be replaced with glass block.  This home is basically a shell.  It needs new plumbing, wiring, and heating.  Most of the walls need new drywall as to the ceilings.  The chimney needs some repair.  It needs a whole new kitchen and bath.  The cost will depend on whether you do the work yourself or contract it done.  Estimated cost of materials will be about $8,000.  Labor, of course is extra.

You can find out more about this home by calling 800-393-5032 x 86320 for a 24-hr free recorded message.  You can take a Virtual Video Tour of the property at our website, www.RealDaytonDeals.comPlease note - you are buying the home "as-is" "how-is" "where-is".

INVESTMENT ANALYSIS

Real estate values are the best they have been for investors to get positioned since the Great Depression.  Now is the time to buy to take advantage of the next run up in real estate.  Please take time to review a couple of the comparables of properties near this one.  Once renovated, expected value is $45,000 to $50,000.  The bulk of the rents in the area for this type of home range from $375 to $450 per month.

Area Comps

              Address City State Zip                                              Distance                           Sales Price               Sale Date

  • 116 Hawker St Dayton OH 45410                                       0.07                               $18,500                     06/01/2009
  • 920 Wyoming St Dayton, OH 45410 0.19                            0.24                               $61,000                     11/18/2009
  • 245 Hoch St Dayton OH 45410                                           0.34                               $46,000                     04/07/2009

TERMS

Your bid will a bid for the full purchase price of the property only.

Title agent fees (closing costs) are extra.

The title agent charges approximately $500 for title work to provide a General Warranty deed and a title that is free, clear, and insurable.  Taxes are current as of this listing and will be prorated by title agent.
The title agent's fees
 are the responsibility of the buyer and will be in addition to the full purchase price paid for the property (your bid).
Closing will occur through a title agent at which time final payment will be due, and title to home (i.e., ownership of home) will transfer to successful bidder. 

Purchaser understands and agrees that he/she is purchasing this home in "as is, where is, how is" condition at the time of closing, with NO WARRANTY EXPRESSED OR IMPLIED.  Any representations of this property are simply the opinion of the seller.  Information is not warranted.  All purchasers are responsible for and encouraged to perform their own due diligence.

NOTE:  As part of due diligence, for $95, Bidders may arrange through us a preliminary title search on property through title agent who will handle closing. While it is non-refundable, $75 of this preliminary fee will be credited back to the successful bidder and deducted from closing costs charged by the title agent at closing.  Payment for this service would be due in advance.  This will provide you through an independent third-party a description of any encumbrances on the property. We are not a title agent and cannot do this research or be responsible for providing this information to you.  It is your responsibility to do this on your own or through a title agent.  To take advantage of this service, contact us via email.  We will arrange it for you.  You will be able to submit payment for this service via PayPal. 

SELLER ENCOURAGES ALL BIDDER/PURCHASERS TO DO THEIR OWN DUE DILIGENCE PRIOR TO PURCHASE AND VISIT THE HOME. 
Bidder/Purchasers may learn more about this home by calling our 24-Hour Free Recorded Information Line at 800.393.5032 x 86320. 
Bidder/Purchasers are encouraged to learn more about this home by calling the information line and visiting www.RealDaytonDeals.com
Any Bidder/Purchaser who wishs to arrange access may do so by sending us his/her full name and phone number. 

This is a CASH AUCTION.  When submitting a bid, bidder must have funds on hand to complete the purchase.  This is a speedy closing with no time to arrange bank financing.

THIS AUCTION IS FOR SERIOUS BIDDERS ONLY. Only bid if you are willing to follow through with your obligation. Any winning bidders who do not close will be reported to eBay for buyer misconduct. 
If you need additional pictures or have any questions, please ask before conclusion of the auction.

CLOSING PROCESS

Upon winning the auction, PURCHASER MUST CONTACT SELLER IMMEDIATELY via phone or email and provide the following:

  1. Name to be placed on deed.
  2. Phone Number
  3. Address to send settlement sheet. 
  4. $2,000 non-refundable earnest money deposit in the form of a cashier's check or bank wire transfer.  This deposit must be received within 24 hours of winning the bid.  If the seller has not received funds or heard from the purchaser within this period, the transaction will be considered void, and buyer misconduct will be reported to eBay.

Closing costs are approximately $700 - $900 if you get title insurance - and covers deed preparation, transfer tax etc. Anyone who wants a schedule of closing costs may obtain one from us via email request.  We will gladly send one to you.

Closing of this transaction is within 5 business days after the auction ends.  The balance due must be sent to our title company via cashiers check or wire transfer on or before the closing date.  The balance due is equal to the final sales price, less the $2,000 earnest money deposit plus applicable closing costs to be detailed on the settlement sheet. Our title company will prepare your deed and send the deed to the County to record into your name.  You will receive confirmation that the deed has been sent for recording.

Please ask any questions prior to the auction’s end. There is no time to do so once the auction is over.

NOTE TO BIDDERS: Bidders with Feedback Score of 5 or Less must email Seller immediately with your full name and contact number.
In addition, bidders with a Feedback Score of  5 or less will need to tender $200 good faith money via PayPal upon placing bid
to demonstrate that they aren't just fooling around. 
This is refundable only if bidder is unsuccessful
. (If successful, this becomes part of the $2,000 EMD referenced above.)
If you do not perform on these requests, we have the right to cancel your bid.

YOU MUST READ AND AGREE TO THE TERMS PRIOR TO SUBMITTING A BID Flint, Michigan, Indiana,

To find out more,
go to 
www.RealDaytonDeals.com and
see a
Virtual Video Tour
or
CALL our 24-Hour Free Recorded Message at
800.393.5032 ext 86320
Locally owned & operated

Be sure to check out and click on our other auctions


On Jan-31-10 at 08:24:08 PST, seller added the following information:

Click here to take a Video Tour  (5:27 Mins)>>

http://www.vidmails.com/playback.php?pl=YmExNzliZTM2YjkzYmRjNjJlMDkzZTg4ODgyMzNjMGYwMGRhOT&crmid=1

Go to www.RealDaytonDeals.com for more info.





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