110 Marie Street, Anderson, SC - House & Lot (Contract for Deed)
Lot Number:5
Start Time:2/27/2023 5:00:00 AM
End Time:3/22/2023 10:06:00 PM
Bid Count:0
Current High Bidder:
Starting Bid:$9,400.00
Bid Increment:$250.00
Current Bid:$9,400.00
Bidding disabled

A 15% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.

110 Marie Street, Anderson, SC was sold in August of 2018 through a contract for deed agreement.

The contract is current and a sample amortization, as will as the agreement for the transfer of the property is attached and available for viewing under the auction document section.   The terms of the agreement are as follows:   The original purchase price was $35,000.00 and was adjusted for repair credits.  The balance due by grantee was $19,700.00 which was financed for 15 years (180 mths) @ 7 percent.  In addition to the monthly installments ($107.07), the grantee also was to pay $85.00 per month as escrow to cover the taxes and insurance. (the escrow amount is subject to review and revision.)  The Current balance including interest  as of March 2023 through the term of this agreement is $22,132.60.  The interest that will be earned on the remaining balance is 6,450.39 with a  principal balance of $15,686.23.  

This lot is for the assignment of the "Contract for Deed" and the deeded interest of Mr. Simmons, subject to this agreement. This agreement will be transferred by assignment and the property deeded by Warranty deed.  RECAP: Basically if your total amount paid on the remaining balance of 22,132.60 you would earn 9 percent on your investment.  Since the opening bid has been adjusted to 60 percent of the remaining balance due...and assuming no other bids are received your additional return of investment would yield an addition 6 percent making your over return approximately 15 percent.  These projected earnings are provided as sample for you bidding consideration and it is recommended that you calculate your earnings based on you bids and not relay of this sample scenario. 

Anderson County TMS# 124-25-13-032  - Assess Market Value - $14,293.24 - Contract value $22,132.60

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110 Marie Street
Anderson, 29624
United States

Multi-Property Real Estate auction featuring properties from four local estates.  Properties from the estates of Linda Moon, Marvin Simmons. George Sullivan and Dr, Bobby Thomas.  These properties include Residential homes, Residential lots, Commercial Lot, and Commercial buildings.  Two of the lots are investment packages, secured by real estate. (Lots 5 & 6)

Please refer to each lot for property specifics.  Also, sample contracts are available under the document tab.