(2) Commercial Properties Being Sold by Court Appointed Private Selling Officer - Online Auction
2201 River Road, Maumee, Ohio 43537
2208 Tedrow Road, Toledo, Ohio 43614
Bidding Ends
Tuesday, May 28, 2024 at 12:00 pm
Open House
2208 Tedrow
Wednesday, May 15, 2024
from 10:00 am - 11:00 am
2201 River
Wednesday, May 15, 2024
from 12:00 pm - 1:00 pm
Property Description
Online Commercial Auction! Properties Being Sold Only Online By Court Appointed Private Selling Officer. 2208 Tedrow is a Small Office Building in Toledo with a Starting Bid of $33,333.33 and 2201 River is a 2 Story Building with 2 Story House in Maumee with a Starting Bid of $183,333.33.
In the State of Ohio, Lucas County, Court of Common Pleas,
Case No. CI-2022-02899
Premier Bank, fka First Federal Bank of the Midwest, Plaintiff
vs.
Kickin Mule Enterprises, MDH Sales Ltd., YFast Enterprises, LLC, H20 Enterprises, LLC, Michael D. Haney, Carolyn E. Haney, Lindsey M. Webb, Lucas County Treasurer, Defendants
In pursuance of an Order of Sale directed to me in the above entitled action, I will offer for sale at public online auction the following described real estate:
Property Address: 2201 River Road, Maumee, Ohio 43537
Property Address: 2208 Tedrow Road, Toledo, Ohio 43614
Legal Description: A full legal description of the property may be obtained at www.PamelaRoseAuction.com
Said Premises Appraised At: $275,000 (2201 River Road)
Said Premises Appraised At: $50,000 (2208 Tedrow Road)
Minimum Bid: $183,333.33 (2201 River Road)
Minimum Bid: $33,333.33 (2208 Tedrow Road)
Location of Sale: www.PamelaRoseAuction.com
Online Bidding Opens: Friday, March 22, 2024
Online Bidding Closes: Wednesday, April 10, 2024 at 12:00 pm, unless extended under anti-snipe rules
Terms of Sale: A deposit in the amount of ten percent (10%) is due in accordance with the terms and conditions of the online auction. The balance is due within thirty days after confirmation of sale. A Buyers Premium of 10% will be charged over and above the highest bid at auction. The auction is subject to postponement and cancellation.
Pamela Rose, Private Selling Officer
Attorney: Christopher McNeely with McNeely Law Group, P.C.
AUCTION REGISTRATION: The online registration is available at www.PamelaRoseAuction.com or on our Mobile App and will need to be completed. Next you’ll receive an email indicating you must provide proof of funds from your bank that you have sufficient funds to cover the required earnest money down payment before online bidding is enabled and you receive a bid number. This may be accomplished by emailing to info@pamelaroseauction.com prior to the auction. Proof of funds consists of a copy or original of a current bank statement or brokerage statement in bidder’s name showing sufficient funds for a 10% (of successful bid) deposit per Property.
EARNEST MONEY REQUIREMENT: Winning online bidders must deliver earnest money via wire transfer or cashier’s check to Midland Title & Escrow, immediately following the auction, in the amount of 10% down of total price within 24 hours via cashiers check, cash or verifiable wire. The successful online bidder will be notified immediately following the closing of the auction and Purchaser needs to sign and return purchase contracts as soon as possible and no later than 24 hours post auction via electronic signature or in person. Balance will be paid in full at closing on or before 30 Days after confirmation of sale.
TITLE: A guaranteed certificate of title will be provided at Seller’s expense giving marketable title subject to existing easements and restrictions. The Escrow Agent will be Midland Title; 3355 Briarfield Boulevard, Maumee, Ohio 43537; Office: 419-259-5403.
DOCUMENTS AVAILABLE: A bidder’s packet will be available online and will include Purchase Agreement.
BROKER PARTICIPATION: Broker participation is welcomed - call for registration forms and guidelines at 419-865-1224 or obtain online under Resources.
BUYER’S PREMIUM: Properties will be sold with a ten (10%) percent buyer’s premium. The bid amount plus buyer’s premium equals the final purchase price.
BIDDING: All bids must be submitted using the online bidding system. Buyers are responsible to confirm their bids for accuracy. Selecting the Bids tab at any time may do this. Bidders will receive outbid notifications via email up until the last day of the auction, after which time you must log in to the bidding site to confirm your bids. Auctioneer is providing internet bidding as a service to Buyer using a Third Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted.
EXTENDED BIDDING: This online only auction has an extended bidding feature. The closing time of a property is automatically extended 5 minutes whenever a bid is placed in the last 5 minutes of the properties closing time. The bidding for the property will close when a period of 5 minutes has expired without an additional bid.
AGENCY: Auctioneer is a seller’s agent.
WEBSITE UPDATES: Please refer to the website for updated information on occupancy, rents, or changes at www.pamelaroseauction.com.
DISCLAIMER: Announcements made day of auction take precedence over printed materials. All information in this brochure was derived from sources believed to be correct, but is not guaranteed. All property dimensions are only approximations. Buyers shall rely entirely on their own judgment and inspection of property and records.
Private Selling Officer:
Pamela K Rose
419-865-1224
Attorney:
Christopher McNeely with McNeely Law Group, P.C.
248-601-4700
