Great Property - 8.31 acres - Real Estate Auction

Real Estate Auction - Tuesday August 13th @ 6:05pm - Opening Nominal Bid $75,000 - Nestled on a serene 8.31-acre property, this charming 4 bedroom, 1 full bathroom, basement with outside access home offers a unique opportunity for those seeking a blend of rural tranquility and potential-filled real estate. Although the residence requires some updates, it boasts 1,639 sq. ft. with classic features such as a large wrap-around porch, perfect for enjoying peaceful mornings and evenings while taking in the natural beauty of the surrounding landscape. The property's highlight is its expansive land, with the picturesque Chagrin River flowing at the back, offering a serene and scenic retreat. In addition to the main house, there is a large outbuilding (56' x 22') equipped with electricity and three overhead doors, ideal for a workshop, garage, or storage. There are two smaller outbuildings and a bank barn also graces the property, although it requires some attention and repairs to restore its former glory. Heating is provided through a forced air system fueled by oil, and the property is serviced by a septic system and a well. Located within the West Geauga Local School District, this property straddles two parcels, one in Newbury Township and the other in Russell Township, providing a unique blend of community and governance. This home is perfect for those looking to invest in a property with substantial acreage, ample storage facilities, and the charm of a country lifestyle, all while being in a well-regarded school district. With a bit of vision and effort, this property could become a dream home or a valuable investment. Parcel Numbers - 23-055880 (1.69 acres - Newbury Twp.) 26-031950 (6.62 acres - Russell Twp.). Property is selling "AS IS WHERE IS" without any warranties expressed or implied. No contingencies for financing, inspections or otherwise. The buyer must have a nonrefundable check made payable to OREA for $5,000 the day of the auction. Buyer responsible for all closing cost, six months accrued taxes and survey (if needed). Yearly Taxes are $3,072.76. A 10% Buyers Premium will be in effect to constitute the final selling price. Buyer to close on or before Friday September 27, 2024. Subject to sellers' confirmation. All information deemed reliable.