1150 Groesbeck Road, Cincinnati, OH 45224

Offered for sale by Court Appointed Receiver, Prodigy Properties.  This property is subject to a nuisance action filed by the City of Cincinnati.  Anyone wishing to participate in this online bidding event must first 1) execute the Receiver’s Purchase Agreement, 2) execute an agreement with the City of Cincinnati agreeing to bring the property into full code compliance within 6 months of closing, 3) complete a bidder registration form, 4) provide evidence of funds at least equal to the opening bid.

According to public record, the subject property is a 1,442 square foot, single family home, situated on 0.164 acres and located in the Cincinnati neighborhood of College Hill.

To view the property contact [email protected].  (Agents schedule showings in the Cincinnati MLS).  Bidding ends December 7, 2021 & is online only.  Information provided is for reference only and is believed to be accurate, but not guaranteed.  Prospective bidders should conduct their own investigation and not rely upon information provided.  The property is being SOLD 100% AS-IS with all faults, without warranty or representation of any kind and subject to existing work orders and code violations placed by the city of Cincinnati.  A 10% Buyer Premium will be added to the high bid to determine the final purchase price.  A 10% deposit of the final purchase price is due within 24 hours after the sale conclusion.

To schedule a showing, prospective purchasers must:

• Submit an executed Hold Harmless agreement

Hold Harmless – 1150 Groesbeck

To be granted bidding privileges, a Prospective Bidder must:

• Submit an executed Prospective Bidder Registration Form (Exhibit A)
• Submit acceptable proof of immediately available funds of at least $29,000
• Submit an executed Confidentiality Agreement
• Have been approved by counsel for the City of Cincinnati
• Submit an executed copy of the Purchase and Sale Agreement (Exhibit B), leaving only the purchase price terms blank
• Submit an executed copy of the Nuisance Agreement (Exhibit C)
• Have otherwise met all other reasonable requirements of the Receiver

Exhibit A – Prospective Bidder Registration Form – Dionne Riddle

Exhibit B – Agreement for Purchase and Sale and Escrow Instructions

Exhibit C – Nuisance Agreement

Confidentiality Agreement

DISCLAIMER AND WARNING:  This property is being sold as-is, where-is, without any warranties or representations by the Receiver.  The information contained in any advertisement is for informational purposes only and the Receiver makes no representations or warranties as to their truth or accuracy.  The information was compiled from a variety of sources, including the public record.  However, the Receiver has not independently verified any of the information and potential purchasers rely on it at their own risk.  All potential purchasers are advised to perform their own due diligence.  BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Key sale points:

• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Property is sold subject to all code violations.
• Property is sold subject to court approval.
• All bids are subject to Receiver’s confirmation.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to auction end, for any reason.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Receiver’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.
• Cash sale only, absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high acceptable bid to determine the final sale price.
• 10% deposit of the final purchase price must be wired to Receiver’s title company within 24 hours after the auction conclusion.
• The terms of the sale are fully set forth in the Agreement and are not negotiable.