Real Estate for sale in Youngstown, Ohio. Here is a great deal. This House is offered by Owner located in Ohio. Built around 1960 the property is approximately 1554.00 square feet. As of now, highest offer: $5000.
JMD Homes INVESTING MADE EASY PLEASE READ THE ENTIRE LISTING BEFORE BIDDING. 1103 Aberdeen Avenue Youngstown, Ohio 44502 Welcome! Thank you for taking the time to view our listing. When it comes to investing in real estate in Youngstown, Ohio, you will find that we are in a completely different league than the other sellers on eBay. We are here to help our investors build a solid portfolio of real estate investments. We focus on finding good, quality properties in safe neighborhoods that we would live in ourselves. We use our exclusive resources to purchase great homes at unbelievably discounted wholesale prices that the general public, and even most of our competition, would never have the ability to buy. Then, we completely renovate the property and make it into something that we would be proud to call home. Many of our competitors have noticed our success and have tried to emulate our business model, however, they always come up short. The main reason for this is that in addition to our investment company, we also operate JMD Painting & Home Improvements, Inc., a reputable and professional company recognized throughout the Mahoning Valley as the area's premier home improvement specialist. JMD Painting & Home Improvements, Inc., rehabs more than 120 homes every year. We are the only area real estate wholesaler on eBay with our own in-house, professional contracting company. That is where our competition just can't match us, because when they say their homes are rent ready, they mean that they hired a handful of fly-by-night handymen to slap a few coats of paint on the walls. However, when we say that our homes are move-in-ready, we mean that our team of professionals has gone through the entire home, from the bottom of the basement to the top of the roof, and everywhere in, out, and between, completely repairing, professionally upgrading, and effectively improving the condition of the home. What you see is what you get - we don't need strategic pictures to cover imperfections or to misrepresent our homes with false information; We really are selling great homes. You can check us out through the Better Business Bureau or visit our website to see pictures of completed projects and learn more about that aspect of our company. Another advantage we have over our competition is that our properties, our transactions, and our investments are completely hassle free. The words âTurn Key Investmentâ are often thrown around on eBay listings, but rarely is the phrase an accurate description of what youâre really getting. However, our properties, in addition to being completely rehabbed, are always rented out to cash tenants. Properties are never sold mid-lease, this way you enjoy the benefits of a full one year agreement after your purchase. Potential renters are put through a screening process, and only qualified tenants are placed in our homes. We also have management in place that can be transferred to you. Alternatively, we can transfer everything over to a different management company of your choosing. No matter what, we take care of all the details and do all the hard work for you. This means that our investments are truly turn key, because there is absolutely no effort involved on your part. The extent of your duties will be to sign the purchase paperwork, pay the title company, and wait for your first rent check to come in the mail. When we say turn key, we mean it! The bottom line: We take a lot of pride in a job well done. We donât cut corners, and we put 100% of our efforts into every home that we sell. We want our investors to have confidence when buying from us, satisfaction to keep them coming back, and peace of mind knowing that no matter what, we will always be right there for them. These are our promises to you. We sincerely thank you for considering us when thinking about investment real estate, and we look forward to being able to gain your business and prove why JMD Homes is Investing Made Easy! Sincerely, About The Property Quick Facts: Address: 1103 Aberdeen Avenue, Youngstown, Ohio 44502 Square Footage: 1554 Year Built: 1960 Bedrooms: 3 Bathrooms: 1 Lot Size: $308.03 per year Market Value: $41,100 as determined by the Mahoning County Auditor) Details and Pictures Exterior The outside of the home was just painted this week. It sits on a 1/5 acre corner lot which is partially privacy fenced. There is an attached one car garage, nice front porch, and concrete driveway. The gentleman next door is a pastor at a local church and the neighbor to the rear of the home is a detective with the Youngstown Police Department. The home sits directly across from Pemberton Baseball Park and its only one minute away from the I-680 on ramp, meaning you are less than four to five miles from any side of town. INTERIOR BEDROOMS There are two big bedrooms on the first floor and one extra large bedroom in the finished attic. All bedrooms have roomy closets (upstairs is a walk in with two access points) new light fixtures, new carpet, and new paint. BATHROOM The bathroom is very conveniently located on the first floor and features a brand new sink and vanity with new faucet, shut off valves, and feedlines, brand new toilet, new tub, surround, faucet and shut off valves, new shower head, new vinyl flooring, and new paint. KITCHEN/DINING ROOM The kitchen is very spacious, with plenty of cabinets for storage. The dining room is adjacent and both rooms feature brand new vinyl flooring, new light fixtures, and new paint. LIVING ROOM The living room is HUGE! It has all brand new paint and carpet, and also has a new vinyl landing area in front of the doorway. The front door leads out to a very nice covered front porch. GARAGE Very spacious one car garage with overhead and wall storage. BASEMENT The basement is ENORMOUS. Brand new electric service, new hot water tank, and furnace all in good working order. Brand new plumbing lines, new washer and dryer hookups, new paint throughout. If this property is purchased as investment, we have a cash tenant in a pending lease for $550.00 per month. The tenants will pay for ALL utilities and be responsible for lawn maintenance and snow removal. The lease will transfer to the new owner and be good through September of 2011. Management is currently in place and can be retained following the sale at a cost of 10% of the monthly rental income. Alternatively, if you are considering purchasing this home for yourself, we can terminate the pending lease agreement and you can move right in. Frequently Asked Questions Q: What is the purchase price? A: Simply put, the purchase price is what you make it. This is a $0.01, no reserve, absolute auction. Whether the final bid is $5,000.00 or $50,000.00, that is what the home will sell for. The only additional costs will be your closing costs. Q: How much are closing costs? A: Closing costs vary from sale to sale, so it is difficult for us to provide you with a quote. However, we can tell you that most closings end up with costs between $650 and $850. For a more accurate estimate or for an explanation of specific charges, please call Commonwealth Suburban at 1-330-746-3291. Q: Are there any back taxes or liens? A: The property is absolutely free and clear with NO past due taxes, NO liens, NO overdue bills, and NO other encumbrances of any kind. Q: What kind of deed will I receive? A: As with all of our properties, the buyer of this home will receive a Warranty Deed. Q: What is a Warranty Deed? A. A Warranty Deed is a type of deed where the seller guarantees that they hold clear title to a piece of real estate and has a right to sell it to the buyer. The guarantee is not limited to the time the seller owned the propertyâit extends back to the property's origins. A Warranty Deed includes six forms of Covenants for Title that can be broken down into two categories: present covenants (Covenant of Seisin & Covenant of Right to Convey - Covenants that represent the seller's promise that he has title and possession and can validly grant or convey both; and Covenant Against Encumbrances - Seller promises that there are no encumbrances, other than those that have been previously disclosed) and future covenants (Covenant of Warranty and Covenant of Quiet Enjoyment - Covenants that represent seller's promise to protect the buyer against anyone who comes along later and claims paramount title to the property; and Covenant of Further Assurances - If seller omitted something required to pass valid title, seller promises to do whatever is necessary to pass title to buyer). Generally speaking, a Warranty Deed is the safest type of deed available and is ideal, especially for the buyer. Q: How much are the yearly taxes? A. The taxes on this property are $308 annually and are billed by Mahoning County. Q: Can I buy this home if I am not a U.S. Citizen? A: Absolutely. All aspects of this transaction can be completed electronically by email or fax. In fact, the process is the exact same for all buyers, regardless of their location. In addition to selling homes to people in nearly every state of America, we have also dealt with investors from all over the globe, including Japan, India, Australia, Mexico, New Zealand, Saudi Arabia, and beyond. We welcome all bidders from all over the world. Q: Does the property need any work? A: No! Our team has already gone through this property and completed all repairs that were necessary in order to rent the property out. We've heard the horror stories of investors having to spend additional thousands before they could get a tenant for their new "rent ready investment." Rest assured, all repairs are always performed by our qualified professionals and you can be confident that when we advertise a property as rent ready, we truly mean that you could move into the home today. Q: Are the utilities on? A: The gas service, electricity, and water are all currently on and fully functional. Q: Who pays for the utilities? What about lawn maintenance, snow removal, and general upkeep? A: All utilities, as well as general upkeep, including lawn maintenance and snow removal, are the responsibility of the tenant. Part of the management's duties are to periodically verify that utility bills are paid and not allowed to accumulate, and also to monitor the property to be sure tenants keep up on maintenance. Q: When were the pictures taken? A: Unlike some of our competition, photographs of our homes are always current. The pictures included in this listing were taken 08/09/2010, which was the day we completed repairs.. Q: Can I (or my Realtor, my agent, my friend, my relative) see the property in person? A. Certainly. We invite all bidders to personally come, or to instruct someone they trust, to inspect the property prior to bidding. We will happily arrange a time to accommodate you, just give us a call. Q: Will you consider a land contract? A: Unfortunately, as property wholesalers, we are unable to offer land contract or rent-to-own options. All buyers must have readily available funds on hand in order to purchase this home. Q: What title company will be used? Can I talk to someone there? A: We use Commonwealth Suburban Land Title Agency here in Youngstown. We invite you to contact them at anytime with questions. Youngstown Office 24 North Phelps St. ⢠Youngstown, OH 44501 Phone: 330-746-3291 ⢠Fax: 330-746-4042 Q: If I am the winning bidder, what happens after the auction ends? A. We will contact the high bidder immediately requesting information needed to complete the purchase agreement. This will consist of the name to be put on the deed, a mailing address, telephone number, marital status, and valid email address or fax number. We will complete the purchase agreement and email or fax it to you. Upon reviewing the agreement, the buyer then signs, dates, and returns the agreement to us along with a $1,000.00 (USD) deposit. The deposit must be be sent one of the following ways; A) Certified check via overnight mail to seller. (Tracking/Delivery confirmation is required and MUST be emailed to seller.) B) Wire/bank transfer sent directly to either the seller's bank. (Please email for routing/account numbers) C) Paypal (an additional charge of 3% will be applied to cover fees) D) Credit card (an additional charge of 2.9% will be applied to cover fees) The deposit and purchase agreement is due within 24 hours from auction close and will be deducted from the winning bid. When we receive the agreement, we will sign and date and return a copy to the buyer, then forward a copy to the title company. There won't be anything else to do until the title company is ready to close (this typically takes about five to seven days). The title company will email the buyer a settlement statement (a form similar to an invoice that details the closing costs) as well as the amount due. The balance owed is to be sent directly to the title company who will disperse funds accordingly. After the closing, the property will be recorded into the buyer's name and the title company will mail out the buyer's copies of title work. The entire process is extremely simple rarely takes more than seven days. Plus, we will keep you informed every step of the way, and you are always welcome to call us anytime with questions or if you need any help. Q: Can I view copies of the documents that I will be required to sign for purchase? A. Absolutely. You can request .pdf copies of the documents we require anytime by sending us an email. Our Other Properties Visit Our Website: http://www.ytown.dealtap.com Sign up for our mailing list and be notified of all of our eBay Auctions as soon as they become available.