Residential Property - Single Family Home

Listing Number: 67112436 | Butler, PA US | Housing & Redevelopment Authorities of the County of Butler 0 Seller's Other Auctions

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RACB-MuniciBid Auction-Residentail Real Estate_80 Old Plank Rd._07-30-24.pdf

Auction Ended:

Final Bid:

$21,200.00

Bids:

84 Bids

Auction Details

Starting Bid: $1,000.00
Current Price: $21,200.00
Buy Now Price	$0.00
Reserve Price Met
Buyer's Fee: 9.00%

Start Date
End Date	[Extended]
Bid History	84 Bid(s)
High Bidder	m**o
Page Views	8077

Payment Details

Certified Payment Due at Closing - Cashier's Check Only or Cash. The equipment is being sold "As-Is" with no warranty expressed or implied. The Housing & Redevelopment Authorities of the County of Butler (Pennsylvania) reserves the right to reject any and all bids.

Item Description

The Redevelopment Authority of the County of Butler is offering a two-story, single family residential property, with basement for bid. The property is located at 80 Old Plank Rd. in Butler Township, Butler County Pennsylvania.

The lot size is approximately 6,776 sq./ft. and the house has approximately 1,340 sq./ft. of living space inclusive of 3 - bedrooms and 1 - full bathroom.

A new furnace and ductwork were installed in March of 2022 at a cost of approximately $16k. Lead, asbestos, and radon testing has been completed. A property survey was completed in March of 2024 at an approximate cost of 2k. The testing and survey documents are included in the sale.

Documentation Provided

Verification of the absence of any liens.
Legal counsel representing the Redevelopment Authority of the County of Butler shall draft the purchase agreement / sales contract, closing statement, affidavit of title, sale invoice, and any other required documents and disclosure forms in accordance with local law(s).
Deed
Survey
Lead, asbestos, and radon testing documentation.

Sale Stipulations

The seller will not finance any portion of the buyer’s agent fees.
Buyer is responsible for all closing costs.
The reserve is set at $10,000.00 and the Redevelopment Authority of the County of Butler reserves the right to reject any and all bids.
The structure and lot are being sold “as is”.

Additional information has been added as requested. Specifically, photos of the property survey and interior of the dwelling. To confirm for those who requested clarification, there are no liens or back taxes owed on the property. Also, a new sewer has been installed in the basement floor. When the new furnace was installed, the electrical panel located in the basement along with the exterior service entrance was upgraded to 200 AMP service. Given the auction ends today, I will be monitoring my email for any additional questions. Thank you all for your interest.

-Added: 8/13/2024 2:52:01 PM

Additional information on this Auction

Custom ID	80 Old Plank Road
Will Item results be voted on	No
In person item inspection information	Inspection by appointment only. Please email John Medred, Administrative Officer, at JohnM@housingauthority.com - NO PHONE CALLS PLEASE.
Pickup Location Details	Redevelopment Authority of the County of Butler - Administrative Office - 114 Woody Dr. Butler, PA 16001

Questions/Answers Ask the seller a question about this auction.

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Q:	"Is the property habitable? Is the property recommended for demolition?" - Asked by #56269831 08/01/2024 12:11 PM
A:	Hello, the Authority’s definition of habitable is move in condition which this property is not. Demolition was not recommended given the furnace and ductwork are less than 3 – years old. The Authority acquires properties from many different sources that have fallen into disrepair. Some of the properties are renovated, some are sold, and some are not feasible for the Authority to renovate based upon several determining factors. The reserve price is set at the level it is based upon the renovations required to make the property habitable while also ensuring the purchase is a reasonable investment for a buyer. We would be glad to show you the property by appointment. Thank you for your question. -Answered on 08/01/2024 04:33 PM
Q:	"will you take pictures of inside the home all rooms basement & attic please & thank you " - Asked by #47572579 08/07/2024 10:34 PM
A:	Good morning, interior photos, survey photos, and additional property feature information has been added as requested. Thank you. Good Morning, the posting included photos of only the exterior to encourage prospective bidders to visit the site. The obligation of the Authority is to sell the property at as close to fair market value as possible, so we encourage interested parties to schedule a showing. To date, we have accommodated the schedules of all interested persons. The next scheduled showing is Monday, August 12, 2024, at 5:00 PM so please contact the Authority as per the instructions within the post and we will certainly do our best to accommodate your schedule requirements. As the auctions nears the end, we have had a significant amount of interested persons email the Authority so please contact us as soon as possible because the Authority offices are closed on Saturday and Sunday. Thank you. (edited on 08/13/2024 09:59 AM) -Answered on 08/09/2024 08:45 AM
Q:	"I am not in the area If you were to take pictures of the inside it would be in the Authority's best interest to get as close as market value as possible thank you " - Asked by #47572579 08/09/2024 06:35 PM
A:	Good morning, interior photos, survey photos, and additional property feature information has been added as requested. Thank you. Good Morning, we are showing the house at 5:00 pm today. I will do my best to obtain photos although they will not be posted until the beginning of the workday tomorrow morning which is the last day of the auction. Thank you for your interest. (edited on 08/13/2024 09:59 AM) -Answered on 08/12/2024 08:51 AM
Q:	"Additional photos of the interior please. I live out of state! Thanks!!" - Asked by #41160819 08/10/2024 02:45 PM
A:	Good morning, interior photos, survey photos, and additional property feature information has been added as requested. Thank you. Good Morning, we are showing the house at 5:00 pm today. I will do my best to obtain photos although they will not be posted until the beginning of the workday tomorrow morning which is the last day of the auction. Thank you for your interest. (edited on 08/13/2024 09:59 AM) -Answered on 08/12/2024 11:06 AM

Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.

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Our Buyers Fees

With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)

All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.

Example:

If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.

Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).

Where can I see what the buyers fee is?

The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.

What if the selling agency rejects my bid?

If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.

Bidding Increments

Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:

If amount is greater than or equal to	The bid increment will be
$0.00	$1.00
$100.00	$10.00
$500.00	$25.00
$1000.00	$50.00
$2500.00	$100.00

FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.