Schaberg House Auction

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Wrightgeek
Posts: 1548
Joined: Fri Jan 07, 2005 5:21 pm
Location: Westerville, Ohio

Schaberg House Auction

Post by Wrightgeek »

The Donald Schaberg House in Okemos, Mich. is set to be auctioned off today (11/30) by Inland Real Estate, but I don't know what time of day the auction was set to begin.



If anyone out there hears anything about the auction and/or the outcome of the auction, please post an update here for the rest of us.



From what I have read, the opening bid was to be approx. $600,000, which is considerably less than the $1.6 million asking price that the property has been listed at for quite some time. I would assume, but do not know for sure, that there is a reserve price that will need to be met?



Thanks in advance for any info anyone can provide.

Paula

Post by Paula »

Yes, there was definitely a reserve price. I think it was either $875,000 or $1 million. I read it somewhere in a listing.

Wrighter
Posts: 488
Joined: Fri Sep 09, 2005 11:22 am
Location: St. Louis, MO

Schaberg Reserve

Post by Wrighter »

Here's a link to a story written pre-auction. The minimum bid was around 600,000.



http://www.lansingcitypulse.com/051123/art/wright.asp

Wrightgeek
Posts: 1548
Joined: Fri Jan 07, 2005 5:21 pm
Location: Westerville, Ohio

Post by Wrightgeek »

As suggested by another poster, I went to the Inland Real Estate web site to see if the Schaberg property had indeed sold at auction, and here is a link to what I found (you'll need to scroll down the page a bit):



http://www.inlandgroup.com/ireac/calendar_frame.htm



Based on this, it appears as though the property may have successfully been sold at the recent auction.



Unfortunately, I could find no further details about this auction on the Inland Real Estate site.

Wrightgeek
Posts: 1548
Joined: Fri Jan 07, 2005 5:21 pm
Location: Westerville, Ohio

Auction Update

Post by Wrightgeek »

Here is the latest update in the very confusing saga of the auctioning off of the Schaberg residence. Apparantly the auction scheduled for 11/30 did not take place, and has been rescheduled for Dec. 15. See the link below for all of the latest details.



http://www.freep.com/apps/pbcs.dll/arti ... 7/BUSINESS

jenisebhruvel
Posts: 3
Joined: Mon Apr 12, 2010 2:12 am

Post by jenisebhruvel »

I know that the auctions have been completed very fast.Actually at the time of auctioning I was in state to afford for their bid prices.Regarding some financial problem or stress.Anyways But today I have my 2BHK flat.Which I deal in a very affordable rates.

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