On June 18, 2013 at 10:00am the Marion Land Bank Program will sell three pieces of property. The sale will take place in the lobby of Marion City Hall.
The parcels up for sale include:
- 352 Avondale $2,340 is 67% of Auditor’s value
- 219 Sharp St. $3,640 is 67% of Auditor’s value
- 232 Oak St. $1,240 is 67 % of Auditor’s value
Pursuant to the adopted Disposition Guidelines, the properties shall not sell for less than the fair market value which is defined in said Guidelines as 67% of the Marion County Auditor’s true value for the lot value. No sale will be made to a transferee that has a property which is tax delinquent in Marion County or any other guideline prohibition as is contained within the Residential Land Transfer Policies.
The Marion Land Bank was created by an act of City Council in 2008 in order to address the non-productive lands and work to putting these nuisance properties back to productive use for the benefit of Marion’s neighborhoods.
The successful offer will be required to execute the Land Bank Offer to Purchase Agreement on the date of the sale and will be required to pay the successful bid amount in the form of an escrow payment on the same date to the City of Marion, Ohio.
Participants are urged to complete their own due diligence and are advised that neither the City of Marion, Ohio or its agents make any assurance whatsoever and buyer assumes full and absolute risk associated with the transaction.
Further information regarding this sale may be obtained by call the Marion City Safety Director’s office at 740-387-5865.
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