Property profile

0 16 School Rd Wellsville, OH 43968

OFF-MARKET
Land
509 ac lot
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Property summary

AI-generated overview

This court-ordered auction presents a unique opportunity to acquire approximately 509 acres of land spanning Columbiana and Jefferson Counties, Ohio. The property comprises fifteen parcels totaling 495 acres in Columbiana County and one additional parcel exceeding 14 acres in Jefferson County. All parcels are contiguous, offering significant potential for various uses. The land is a mix of vacant and wooded areas. The sheriff's appraised value is $1,530,000, with a minimum opening bid of $1,025,100. A 10% buyer's premium will be added to the final bid. A $10,000 deposit (certified check or wire transfer) is required within 72 hours of the sale, with the full balance due within 30 days. The buyer is responsible for all closing costs. The sale is subject to confirmation and the property is sold "as is." A final viewing is available one hour before the auction, scheduled for Thursday, November 21, 2024, at 4:00 PM. Online bidding begins Thursday, October 31, 2024. If the property remains unsold, a second auction will be held on Thursday, December 5, 2024, at 4:00 PM, without a minimum bid requirement. The property is located at 21595 Sixteen School Road, Wellsville, OH 43968.

Property profile

Verified
Property type Land
Lot 509 ac (22,172,040 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16 School Rd Wellsville, OH 43968
Wellsville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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