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Bid History for Real Property - Lowell Elementary - 702 South Main Ave Sidney OH 45365
Auction Start Date: 03/31/20 4:01 PM ET
Auction End Date: 04/02/20 11:50 AM ET
Asset ID: 1   Number of Bids: 1

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Real Property - Lowell Elementary - 702 South Main Ave Sidney OH 45365
Auction Closed
High Bidder: f********************m
Sold Amount: $52,000.00
Admin Fee ( 7.50% ): $3,900.00
Total Price: $55,900.00
View Bid History
Terms and Conditions
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Condition Category
Used/See Description Real Estate
Real Property - Lowell Elementary - 702 South Main Ave Sidney OH 45365 Shelby County, Ohio

Lot size: 165 x 165 Land and Building

Principle and Conditional Uses are attached in the photos. R-2 Zoning.

11,513 square feet. Built in 1952

One level previously used for an Elementary School.

Gas and Electric Power, Gas Boilers. On City/County Water.

Building has gym, kitchen, classrooms, restrooms, offices and playgrounds on rear of building. There are 5 classrooms; 2 classrooms include a single stall restroom. There is an additional single stall restroom in the hallway as well as one girl's grouped restroom and one boys group restroom.

All items in building are included in the sale of the property with the exception of stoves, baseball screens, trophy case, approximately 30 desks and chairs, and additional items in hallway shown in photos.

The city will require a tie in to the drainage and 2 estimates are attached in the photos.

Additional Info: 20200213093507254.pdf,   Copy of lowell school estimate 2.pdf,   Copy of lowell school estimate.pdf
Questions and AnswersQuestions and Answers
Q: What is the reserve? (3/4/20 9:46 PM)
A: If we get closer to the end of the auction we will disclose that info. (3/5/20 7:17 AM)
Q: What is the reserve? (3/4/20 9:47 PM)
A: Waiting to disclose that information. (3/5/20 7:18 AM)
Q: Has the building been tested for asbestos, lead, or any other contaminates? (3/8/20 12:54 PM)
A: The building was used as an elementary school up to 2008-2009. Since then it has just been a storage area for us. We have not had anything inspected since. It is an old building so most likely the tile in the building has asbestos somewhere in it as all/most old buildings do. The walls have been painted as well. We have not had any inspections. (3/9/20 11:09 AM)
 
Seller InformationSeller Information
Seller Name Sidney City Schools - Real Estate, OH
Asset Location 750 S 4th Ave
Sidney, Ohio 45365-9029
Map to this location
InspectionInspection
Most items offered for sale are used and may contain defects not immediately detectable. Bidders may inspect the property prior to bidding. Inspection is by appointment only. Please use the 'Ask a Question' feature to schedule an appointment for Inspection.

PaymentPayment
The Buyer's Certificate will contain information to schedule payment & removal.

TAX EXEMPTION: Where taxes are applicable (see the Buyer's Certificate), Tax Exempt documents must be provided to this seller within 24 hours of the auctions close and before payment is made. Please use the 'Ask a Question' feature for all questions.

Payment of 10% of the winning bid price is due within ten (10) business days after auction close. Remaining balance to be paid at settlement. Acceptable forms of payment are: U. S. Currency, Certified Cashiers Check, Money Order, or a Company Check (with Bank Letter guaranteeing funds - mandatory).

Checks shall be made payable to: Sidney City Schools

Additional FeesAdditional Fees
Administrative Fee: 7.50%
MediaMedia
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Special InstructionsSpecial Instructions
NOTICE: If you are the winning bidder and default by failing to adhere to this sellers terms and conditions your account with Liquidity Services WILL BE LOCKED.

Guaranty Waiver. All property is offered for sale 'AS IS, WHERE IS.' Sidney City Schools - Real Estate, OH makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.

Description Warranty. Seller warrants to the Buyer that the property offered for sale will conform to its description. Any claim for misdescription must be made prior to removal of the property. If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid. The liability of the seller shall not exceed the actual purchase price of the property.

Quick Asset Lookup (QAL) #: 17132-1 (GD)