Real Estate, Auctions, Appraisals

Home Past Sales Real Estate Listings Register to Bid Forms About Us Contact Us Subscribe
Past Sales Real Estate Listings Register to Bid Forms About Us Contact Us Subscribe
Auction Details

byceonline.com
BIDDING CLOSED! Online Auction: Golden Dawn Restaurant/Bar Equipment Turnkey + 11 Investment Properties - Youngstown, OH - Bidding Closed: Thursday, March 7, 2019, 4 PM EST

Item Description
0A.Previews: Saturday, February 23, 12 -1 PM and Thursday, March 7, 12 - 1 PM at the Golden Dawn Restaurant, 1245 Logan Ave. Youngstown, OH 44505.
Auction End: Thursday, March 7, 4 PM @ byceonline.com
NOTE: Additional registration required to be authorized to bid, please contact auction company prior to bidding 330.747.7000
Draft Sale Contract, Dicslosures, Title Fees, Order.pdf
LIQUOR LICENSE MANAGEMENT AGREEMENT.pdf

1.Lot 1: 1245 Logan Ave. Youngstown, OH (3) Parcels: 53-006-0-022; 53-006-0-023; 53-006-0-024
Restaurant/Apartment, 3 Parcels Total; Combined Appraised Value $48,570 Restaurant Contents Appraised $14,531.20
Total Real Estate & Equipment Appraised $63,101.20 (All contents, furniture, fixtures, and inventory at time of sale (unless leasehold) Liquor is not to be assumed as part of sale and subject to the rules and regulations of Ohio Licensing and optional operating agreement. Includes rights to Class D1, D2, and D3 permits; Permit NO. 3252340 with no warranty of transfer; Buyer to pay any and all costs associated with transfer; administrator of estate acting as operator until license transfer; transfer agreement without warranty (posted online for review)

Opening Bid Total: (80% of appraised value) being $50,481

Golden Dawn Restaurant - Bar, and Apartment Attached Restaurant/Bar: - Table seating for 76, and bar seating for 19 - Men's and Women's Restrooms - Kitchen with refrigerators, freezers, fryer, grill, (6) burner gas stove, oven with hood ventilation - Bar with tap system, coolers, barware, and stock

Walk-Up Apartment from Basement and Exterior Access:
- 3 Bedrooms, 2 Full baths - Kitchen, Living Room, "3 season room" - Separate side entrance

10% Buyer's Fee Added to winning bid price. $10,000 deposit (per successful bidder) by ACH transfer. 30 days to close. Jeff Byce, ByceREALTY.

Golden Dawn Restaurant, Inc. (wholly owned by the Estate of Ralph Naples, Deceased, pending in Trumbull County Probate Court as Case No. 2016 EST 0671, John C. Grundy, Esq. Successor Administrator) 330.747.7000
Mahoning Cnty Auditor's Report - Parcel 53-006-0-022, Card 1 of 2.pdf
Mahoning Cnty Auditor's Report - Parcel 53-006-0-022, Card 2 of 2.pdf
Mahoning Cnty Auditor's Report - Parcel 53-006-0-023.pdf
Mahoning Cnty Auditor's Report - Parcel 53-006-0-024.pdf


Click Here for Title Commitment
2.Lot 2: 12 Arrow St. Youngstown, OH - (3) Homes on one parcel; Appraised $9,350
Opening Bid (80% of Appraised Value) being $7,480
Parcel # 53-006-0-026 Tax Value $9,350
(homes may be occupied - do not trespass)
No prorated rents. Buyer shall be entitled to collect any rent from the first day of the first month following transfer, no known leases or deposits. Buyer responsible to correct any city violations.

10% Buyer's Fee added to winning bid price. $10,000 deposit (per successful bidder) by ACH transfer. 30 days to close. Jeff Byce, ByceREALTY

Golden Dawn Restaurant, Inc. (Wholly owned by the Estate of Ralph Naples, Deceased, pending in Trumbull County Probate Court Case No. 2016 EST 0671, John C. Grundy, Esq. Successor Administrator.
Mahoning Cnty Auditor's Report - Parcel 53-006-0-026, Card 1 of 3.pdf
Mahoning Cnty Auditor's Report - Parcel 53-006-0-026, Card 2 of 3.pdf
Mahoning Cnty Auditor's Report - Parcel 53-006-0-026, Card 3 of 3.pdf

3.Lot 3: Total of (8) Investment/Rental Properties:
Opening Bid: (80% of Appraised Value) being $38,256

1312 Logan Ave. Parcel # 53-010-0-514 - Tax Value $7,920
1318 Logan Ave. Parcel # 53-010-0-515 - Tax Value $6,330
1328 Logan Ave. Parcel # 53-010-0-517 - Tax Value $6,760
8 Broadway St. Parcel # 53-010-0-512 - Tax Value $5,470
1365 Kensington Ave. Parcel # 53-010-0-406 - Tax Value $9,160
1806 Kensington Ave. Parcel # 53-011-0-359 - Tax Value $8,520
128 Saranac Ave. Parcel # 53-011-0-167 - Tax Value $3,370
1540 Bryson St. Parcel # 53-010-0-180 - Tax Value $290
Total Tax/Appraised Value of $47,820
(some homes may be occupied - do not trespass)

No prorated rents. Buyer shall be entitled to collect any rent from the first day of the first month following transfer, no known leases or deposits. Buyer responsible to correct any city violations.

10% Buyer's fee added to the winning bid price. $10,000 deposit (per successful bidder) by ACH transfer. 30 days to close. Jeff Byce, ByceREALTY

Golden Dawn Restaurant, Inc. (wholly owned by the Estate of Ralph Naples, Deceased, pending in Trumbull County Probate Court as Case No. 2016 EST 0671, John C. Grundy, Esq. Successor Administrator.
Mahoning Cnty Auditor's Report - Parcel 53-010-0-180.pdf
Mahoning Cnty Auditor's Report - Parcel 53-010-0-406.pdf
Mahoning Cnty Auditor's Report - Parcel 53-010-0-512.pdf
Mahoning Cnty Auditor's Report - Parcel 53-010-0-514.pdf
Mahoning Cnty Auditor's Report - Parcel 53-010-0-515.pdf
Mahoning Cnty Auditor's Report - Parcel 53-010-0-517.pdf
Mahoning Cnty Auditor's Report - Parcel 53-011-0-167.pdf
Mahoning Cnty Auditor's Report - Parcel 53-011-0-359.pdf