February Auction
February 2, 2010 – 9:28 amOn the Auction Block This Saturday February 27, 2010 11AM.
NO MINIMUM BID!!!
2129 Medway Road in Riverland Terrace, James Island
Here’s a good deal for some handy buyer. This home has sat vacant for over a year and needs TLC. Owners don’t want to hassle with repairs. They just want it gone.
Their loss could be your gain. It is listed at $199,000.00 since that’s what a “move-in-ready” house of this size would sell for in this neighborhood. That is probably NOT what it will sell for. (My guess is $135,000. if the bidding gets feverish.) Two other neighborhood homes have sold recently in this condition at $119,000 and $145,000. Neither were advertised. Both were subsequently gutted and rehabbed into very nice homes.
Needs: Roof, interior sheetrock repair, relocation of HVAC to the rear of the home, exterior paint, vinyl wrap or hardiplank, updated fixtures, etc.
Has: Original Oak & Pine Hardwood Floors, Real Wood Doors, Brick Fireplace, Excellent Location, Good Resale Neighborhood stats, Great Neighborhood Amenties: Boat Landing on InterCoastal Waterway, play park 100 feet away, 100 year old oak trees, Convenient Location minutes to Downtown and Beaches.
Even if you have no interest in this particular property, you owe it to yourself to attend this auction just to see how it’s done. The last auction I attended lasted 12 minutes!
YOU MUST BE REGISTERED TO BID and YOU MUST HAVE A $10,000 NON-REFUNDABLE DEPOSIT THE DAY OF AUCTION IF YOU WIN!
Want to learn more? Download the Auction Buyer’s Tutorial
Want to see more of these options? Email me for a running list. I’ll send them to you as they hit the market.
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