Archive for the ‘Online Real Estate Auctions’Category

Lender-Ordered Online Auction on FRE.com

Liquidation of Commercial & Mixed-Use Properties

Ohio | Indiana | Minnesota | Pennsylvania
Wisconsin | Illinois | Michigan | Idaho

Minimum Bids as low as $10,000

*Broker Participation Offered*
All bids must be submitted by October 3rd at 5pm
Visit website for more property and auction details;
www.FRE.com/164L1

Online Auction for the Private Castle of Spring Green, WI

Online Auction for The Castle of Spring Green

±10,000 SF French country chateau set on ±200 acres of beautiful wooded terrain and hunting grounds

This extraordinary property can be enjoyed as a special event venue for corporate retreats, parties, and weddings, a country inn, hunting lodge or private residence

$2,000,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by July 25th at 5pm
Visit website for more property and auction details;
www.FRE.com/160L1

Online Auction Newsflash

Take a minute to search the auction properties on FRE.com. There are some great investment opportunities; bank-owned land, large manufacturing/distribution facilities, office/warehouse buildings and much more.

 

Online Auction for a Stunning Estate Home in Duluth, MN

This auction is for a beautiful 5-bedroom, 4.5-bathroom historic brick estate home in Duluth, MN, which was originally built by lumber baron Edwin Bradley in 1905. The property, totally redone from top to bottom, consists of approximately 6,540 (finished) SF and is situated on a large lot of approximately 12,200 SF. This magnificent estate home has three distinct living levels as well as a fully finished basement that is currently being used as a family/entertainment room complete with fireplace, exercise room, sauna, 3/4 bath, and wine cellar.

The bid deadline is set for May 10th and you can view the full list of downloadable property documents, property photos, and auction information at FRE.com.

With the suggested value of the property at $1,200,000 and the minimum bid starting at just $599,00, this property is sure to get sold so you better hurry!

Bank-Orderd Auction for a Loft-Style Condo in Akron

Portfolio of Atlanta Investment Properties Up for Online Auction

One of the most active real estate professionals enrolled in the Never Lose a Listing program on Freedom Realty Exchange  has just brought a portfolio of bank-owned residential properties and development land out to online auction. The portfolio features three residential properties and two parcels of development land.

The residential properties range from having 3 bedrooms with 1 bathroom to a floor plan with 4 bedrooms and 2 bathrooms; all of which are located in Atlanta. Property sizes range from +/-1,000, +/-1,500, to +/-1,540 square feet while the development land in Atlanta and Lilburn are +/-2.2 acres and +/-1.1 acres.

As with all of the online auctions on FRE.com, each property has it’s own unique webpage full of all of the property’s details, photos, auction documents and any other available property documents such as disclosures, plat maps, etc. are posted for interested buyers to do their due diligence. More importantly, all of the bidding happens directly on the auction webpage itself. Minimum bids start as low as $9,000, but the clock is ticking. The bid deadline for these auctions is coming up on January 19th if you’re looking to pick up some assets at a deeply discounted price.

You can see all of these Georgia properties by going to FRE.com.

Never Lose a Listing Auction in Chambersburg, PA

One of the new Never Lose a Listing Auctions to make it’s way onto FRE.com’s online auction marketplace is a single family home in Chambersburg, PA and this property earned itself the featured spotlight this week.

This remodeled single-family home features hardwood floors, comfortably-sized rooms, a spacious kitchen with room for a table, central air and hot water heating. There is a large carport with a workshop off to the side as well as a full basement with exterior and interior entrances. Best of all, the property has incredible views overlooking the valley. See the full list of property features, photos and view all of the due diligence materials on the auction profile page at FRE.com!

The Bid Deadline is scheduled for November 17th and with a minimum bid of only$139,9000 so you better move quick if you’re looking to buy a beautiful home at an incredibly low price.

An Artist Retreat in New Mexico

Another Never Lose a Listing® auction property  has recently been brought to market on FRE.com, the global online real estate auction marketplace, and we wanted to highlight the features for this artist compound in Velarde, NM. This  spectacular 3 bedroom/4 bathroom single-family home s now open for bidding until the Bid Deadline of September 22,  and it’s sure to find the right buyer looking for an artistic retreat with a minimum bid at just $225,000. All of the property details, photos and auction documents are posted on the auction webpage, but we wanted to give you a sample of what this property has to offer.

Located on a quiet county road less than a mile off the highway and perched on a hill with great views of the mountains, this move in ready, remodeled compound is a only short walk from the Rio Grande river. The cities of Taos and Santa Fe are each about 45 minutes away and the town of Espanola is just minutes down the road for shopping, etc.

The main house has all of the charming touches that come with a double thick adobe style as well as new bathrooms and a new kitchen. A small guest house with a full bathroom, kitchen and sleeping loft is only a few feet away from the main house. There’s also a large studio that is perfect for a plethora of artistic crafts be it painting, sculpting, welding, or whatever other hobbies you might enjoy!

Featured Auction: Single-Family Home in Spring Hill, FL

One of the newest Never Lose a Listing® auctions to be featured by a RE/MAX agent on the FRE.com’s auction platform is an impeccably maintained 2 to 3 bedroom/2 bathroom “pool home” that comes equipped with a 2 car garage and inside utility room. There is an air conditioned, finished room that works great for a third bedroom, den or private office. An open floor plan, neutral colors through out the home, and two skylights give this home an open and fluid layout.

Improvements to the property new double pane windows for each window, a freshly painted exterior, a new shed along with wood patio decking and a fenced yard. Further, the home’s carpet, pool pump, water heater, and appliances were added in 2008. The seller has also added new elevation, creating a screened front porch with French doors. Terrific family neighborhood, close to all everyday conveniences and Springstead High School. Hurry and this home can be yours!

The Bid Deadline is scheduled for September 15 at 5:00 pm EDT and the auction is currently open for online bidding. Check out all of the details, documents, and photos on the auction profile page at www.FRE.com/3139-2

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Nashville Properties on the Virtual Auction Block on Freedom Realty Exchange

Turning to a forward-thinking and progressive marketing strategy could help a Nashville community bank sell some of its aging foreclosures and give buyers the chance to name their price. The Freedom Realty Exchange (FRE.com), a leading real estate auction platform has launched an online auction featuring four properties in the Nashville area, presenting builders, developers and real estate investors with an incredible opportunity to conveniently purchase bank-owned or OREO property through a transparent, fair and open bidding platform.

“The bidding process in an auction bridges the bid-ask gap and creates common ground for buyers and sellers”, said LFC’s Director of Operations Ryan Devin. “The seller stops guessing and the buyer takes action – it’s really one of the best ways to sell property in a stagnant market.”

The four properties offered in this auction are:

  • Forty-five (45) finished and approved residential lots in Pleasant View Downs subdivision that were previously priced at $935,000, now have a minimum bid of only $299,000
  • Springfield Shopping Center on Tom Austin Highway has current tenants, ample parking and a minimum bid on just $1.0MM – a fraction of the previous asking price.
  • ±39 acre platted land parcel in Nashville zoned for 115 condo units was on the market for nearly $900,000 but now has an opening bid of $399,000
  • The Braxton at Harpeth Shoals Marina – Unit 206; a 2 bed/2 bath condo with over 1,300 sq. ft. of living space and a terrace overlooking the marina has a minimum bid of $199,000

“Buyers should not sit on the sidelines in this auction. The bank is serious about selling these properties – their motivation is clearly demonstrated by the low minimum bids,” said Devin.

As with all of auctions on the Freedom Realty Exchange website, the research, due diligence and even bidding are conducted completely online, removing the need to spend hours in a crowded ballroom with all the unwanted pressure and intimidation that comes with a traditional outcry auction. Interested buyers can view property documents and auction details by visiting FRE.com/107R2. Bids must be submitted by September 8, 2011.