Cates Road, Akron, OH 44312 - Summit County

Live and Online at RES.bid

Auction Date: 10/3/2024 Auction Time: 5:30 PM ET

Auction Location: On-Site, Cates Road, Akron, OH 44312

This property is being auctioned by RES Auction Services in cooperation with Whitetail Properties Real Estate, LLC

Tract 1 Description:

Selling ABSOLUTE: Location, location, location on this Summit County 23 +/- acre property! The former Horseshoe Orchard is looking for a new owner. The property has apple tree rows galore with great views. This former orchard would be perfect for potentially building your new home, creating a new orchard, or for a place to get away. Conveniently located with easy access to Interstate 77 makes travel from Akron, Canton, and Cleveland a breeze. The quiet setting is at the end of a dead-end street. The property is currently zoned R-2 which offers tons of potential.

Details:

Taxes: $3,309 of record

Lease Status: No leases

Possession: Immediate possession at closing

Survey needed?: No survey needed

PIDs: 51-01600

Lat/Lon: 40.9908, -81.4676

Zip Code: 45697

TERMS:

- A 10% Buyer’s Premium applies to all purchases

- Any desired inspections must be completed prior to bidding. This purchase agreement is not contingent upon the satisfactory state of any inspections required after the date of the auction

- Sellers will provide a marketable deed and convey the property as per terms of the Real Estate Purchase Agreement

- Property Sells AS IS

- Property sells subject to articles in the present Deed, Title, and any articles or notices of public record

- Buyer will pay CAUV tax recoupment if any, due and payable after deed conveyance

- Seller, through Seller’s title agency, shall provide to Buyer: Fiduciary Title, The Escrow Agent shall be chose by the Seller, however, if required as a condition of the load, the Escrow Agent shall be chosen by Buyer’s Lender

- Seller shall pay for the cost of the title search, deed preparation and county conveyance fees. Seller and Buyer shall each pay one-half of the Escrow Agent’s standard closing fee. If an owner’s policy of title insurance is selected, the buyer and seller will split the owner’s title insurance 50/50, including, without limitation, the additional cost of the premium for usance of an owner’s policy, the cost of a loan policy, title endorsements, location survey, or other items required by Buyer, or Buyer’s lender. Buyer shall pay for all recording fees. RES advocates the use of title insurance in all real estate transactions.

- Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required)

- RES requires a nonrefundable down payment of 10% of the purchase price at the time of purchase. The sale is not subject to any contingencies for financing.

- Earnest Money Deposit is NONREFUNDABLE; the contract contains no provisions for contingency on financing. In bidding, you are asserting you have the funding to close. In the event Buyer does not close in compliance wit the terms of this purchase agreement, all earnest money shall be forfeited and paid to the Seller as liquidation damage.

- Buyer agrees to indemnify and save harmless RES, its employees, and agents, from any liability stemming from any incorrect information given or any material information

- Seller fails to disclose whether or not known by the Seller at the time of the execution of the purchase agreement.

- Property sells subject to any announcements made the day of sale.