Court Ordered Real Estate Auction
13 Acres With Mobile Homes – One Parcel
Coshocton County - Riverview Lsd
Mobile Home Rental Property
AUCTION LOCATION: 46115 US 36 COSHOCTON, OH 43812
DATE: TUESDAY, MAY 16, 2018 at 5:00 P.M.
PROPERTY: 46115 US 36 COSHOCTON, OH 43812; Parcel #: 013-00001533-00. From intersection of SR 16 and SR 36, turn west on SR 36 go 1.6 miles to driveway on left. Signs posted. A complete copy of the legal description of the property is on file at the Coshocton County Recorder’s Office.
REAL ESTATE: Pursuant to an Order Approving Receiver’s Auction of Property entered in Coshocton County Common Pleas Court, Case No. 2015CI0036 the subject property shall be sold by M. Shapiro Real Estate Group Ohio LLC, as Receiver for Morningstar Investment Properties, L.L.C. The property consists of: 13+/- acres of land with 1 creek bordering the west side and 1 well on north side, excellent for development! The land has frontage on SR 36 with the entrance road dividing the parcel. There are 57+/- mobile home lots established and a few of these have mobile homes in place. Several lots are empty and ready for development. A couple of outbuildings and an older waste treatment system are included.
METHOD OF SALE: The property will be offered in one parcel and will sell to the highest bidder. There is no minimum bid.
INSPECTION: Exterior inspections of the property are permitted 30 minutes prior to the sale. Be mindful of the current home owners and their privacy. Outbuildings will be opened and the waste treatment system will be unlocked 30 minutes prior to sale. Enter at your own risk. The Property is sold “as is, where is” with no representations and warranties of any kind. If the new owner wants to continue to run the park as a mobile home park upgrades to the sewer treatment system will be necessary.
TERMS: We require a non-refundable down payment of 20% of the purchase price at the close of the auction with the balance to be paid in full within 15 days from the later of (a) the close of the auction or (b) confirmation of the sale. If the Buyer fails to pay the balance of the purchase price, the deposit will be forfeited to the receiver in the above referenced case. There are no financing contingencies. Possession to be delivered to buyer at closing. Property will be sold to the highest bidder. Buyer shall be responsible for the closing costs for such sale to the extent the high bid is insufficient to cover the closing costs. Closing cost include 6% commission on the highest bid, real estate taxes and assessments due through the closing date, transfer taxes, recording fees and advertising costs. Advertising costs not to exceed $3000.
SURVEY: Should the property require a new survey for transfer, this will be done at the buyer’s expense.
TITLE: The seller will provide a Receiver’s deed at their expense. Buyer is responsible for all costs for an Owner’s Policy of Title Insurance. Buyer is urged to search the indexes kept by the county recorder, clerk and treasure to determine whether all liens will be properly extinguished.
TAXES: Taxes will be pro-rated to the date of closing.
MINERAL RIGHTS: Mineral rights, owned by the seller, if any, will transfer.
OWNER: Morningstar Investments Properties, L.L.C.
Offered in Partnership with:
David Angelo, Apprentice Auctioneer