COMMERCIAL REAL ESTATE
FORECLOSURE AUCTION BY CHRIS DAVIS, PSO
Acres: 3.29 (+/-)
SQ FT: 21,000
Corner Lot - Between two major intersections Graham Rd. and Kent Rd. on Fishcreek Rd.
SUMMIT COUNTY
Parcel Number: 5616330
2021 Real Estate Taxes: $22,451.26 Per Year
Special Assessment: $183.00 Per Year
GENERAL PROPERTY INFORMATION
The property, the former Sto-Kent Family Entertainment facility offers a 21,000+ sq. ft. building (built 1959) with a 24-lane bowling alley. Also, a miniature golf course, 2 sand volleyball courts, 880 SF block building (food stand; built 1991), 372 SF stand (for miniature golf; built 1992), parking for 120+ cars, and situated on 3.29 acres (+/-). The auction does not include any building contents.
There are no bids for the lot at this time
Pursuant to a Judgement Entry of Foreclosure filed December 15th, 2021 in the Common Pleas Court of Summit County, Ohio, General Division, Case No. CV-2021-09-3000 appointing Chris Davis of Auction Ohio as Private Selling Officer (“PSO”), the PSO will offer for sale at public auction the property at the above address and described below.
A) The real estate sells ‘AS IS; WHERE IS.’
B) Property sells with a $520,000 RESERVE (or minimum opening bid); based on 2/3 of the $780,000 Court appraisal.
C) Pursuant to Common Pleas Court of Summit County, Ohio, General Division, Case No. CV-2021-09-3000; the property is being sold by Chris Davis of Auction Ohio, the Court Appointed Private Selling Officer (or “PSO”).
D) Within (48) hours of the close of the auction, the successful bidder must make a nonrefundable deposit of $52,000 payable by cashier’s check, certified check or wire transfer. Buyer to proceed to close within (30) days the Court’s approval of the Confirmation of Sale.
E) Seller acknowledges receipt of ALTA commitment of Title Insurance (Commitment Number: GLC2100620))
F) Seller pays for preparation of deed and real estate taxes will be paid current to the date of the auction. Buyer pays conveyance fees, recording fee, Buyer’s portion of title agency closing fee and title insurance.
G) There is a 10.0% Buyer’s Premium charged to the Buyer & collected at closing.
Stow, Ohio 44224
United States