4542 Aldersgate Rd
Memphis, TN 38117
$250,000 
Property Image: No image description provided.
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Property Image: No image description provided.
Property Image: No image description provided.
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  • MLS ID:Click for MLS pics
  • Type:Single Family Detached
  • Beds:5
  • Baths:2
  • Size:3,800 Sqft
  • Lot:0.51 Acres
  • Year Built:1962
Description: NO BUYER PREMIUM. Investors / Rehabbers / Builders -- this is your next deal! As-is House Flip Opportunity -or- Teardown / Infill Homesite for new construction. This as is fixer upper is priced below market value at $225K OBO. Up to $600K ARV depending on level and quality of finish on a full rehab or $1M for new construction. Perfect for investors, rehabbers, renovators, handyman team, or house flippers who can handle a whole house fix and flip project. Some work has already been completed including: demo work, new roof, new windows. Structurally, the house appears to be sound; but you make your own assessment. House is open daily, call for times: (901) 870-3692. Bring a flashlight.
IMPORTANT INFORMATION: Participation in the bidding process is NOT binding for either party. Once the offer collection period has expired and the seller has evaluated all bids, the listing agent will contact the bidder with the most attractive bid and invite a formal, traditional offer. (NOTE: The seller can stop collecting bids and accept an offer at any time before the clock expires, so the buyer who waits to submit their best offer risks losing the property at a moment's notice.)

Terms and Conditions of Sale:
Type of Sale: Traditional
Acceptable Financing: CASH ONLY
Earnest Money Deposit: 1%
Other Information: CASH ONLY. PLZ READ FULLY and text questions to 314.973.5263: 1) Despite the previous section boilerplate language to the contrary: NO OFFER WILL BE ACCEPTED BEFORE END OF THE BIDDING PERIOD & NO OFFER WILL BE ACCEPTED THAT WAS NOT PART OF THE ONLINE BIDDING. 2) When the online bidding period ends, the top bids will be invited to submit their HIGHEST & BEST offer on a Realtor-approved form. 3) Formal offers will be evaluated/vetted for viability to close and fund. 4) The Owner will be presented the 3 top bids and will choose one as primary + backup. 5) ONLINE BID DEADLINE: 12:30 pm on Thursday Oct 25th 2018 6) We recommend making a "practice" bid well before the bidding deadline. (Plz disregard the system-generated PDF documents if they are not part of your local board forms).
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NEGOTIATIONS UNDERWAY
OFFER PERIOD
E X P I R E D
Status: Pending
List Price
$250,000
0
$600,000
Minimum Bid
$200,000
Offers
8
Bids
9
Visitors
4
Views
421
Buyer's
Agent
Purchase
Price
Loan
Type
Seller
Subsidy
Home
Warranty
Days to
Close
Home Sale
Contingency
EMD Cash
Down
Seller
Addendum

Seller Addendum

This feature gives the seller the opportunity to tweak the terms of the standard local contract that is the basis of a buyer's offer. By creating this addendum, the seller is outlining changes they seek to the standard local contract and will expect this signed addendum to accompany the winning buyer's formal offer should the buyer agree to the terms outlined within.

If the seller is not requiring acceptance of their terms, buyers may reject the terms outlined in the Seller Addendum and still place their bid, but they should do so knowing that a competing party with a similar offer, which agrees to the seller's terms, may be chosen instead of them to make a formal offer and purchase the property.

Agents should note that while BidLion does provide a general, default template option that allows the listing agent to create a Seller Addendum with ease, the terms within the Seller Addendum are always customized to fit the property and address the seller's wishes. Thus, the terms outlined within the Seller Addendum are, in fact, the seller's terms and should not be thought of as terms that BidLion is advocating in any way.

When creating a Seller Addendum, all agents are advised to make a conscientious effort to outline terms that do not conflict with their local real-estate laws and are fair to both parties of the real-estate transaction.

Appraisal
Addendum

Appraisal Addendum

Low appraisals are becoming more common and can destroy a real estate deal unless the parties involved can mutually agree on a solution should this scenario occur.

For such cases, BidLion has created the Appraisal Addendum feature, which allows the buyer to express their capability and/or willingness to work through this problem with the seller should it occur after contract ratification. This eliminates surprise, gives both parties clarity on what will happen should the situation arise, provides the buyer with yet another tool to separate themself from the competition, and provides the seller with yet another tool to evaluate that competition.

(NOTE: The Appraisal Addendum is not required and is irrelevant to the buyer who is incapable of paying, or unwilling to pay more than the appraised value. Accordingly, such a Buyer is denoted in this column with "0%".)

NET OFFER
LA-647
Fast Track Realty
1045 S. Yates Rd.
Memphis, TN 38119
(901) 767-8770
$237,000 CASH $0 $0 14 No 1% $235,000 N/A 100% $237,000*
CU-648
REMAX EXPERTS
1930 Exeter RD
Germantown, TN 38138
(901) 685-6000
$236,000 CASH $0 $0 13 No 1% $2,360 N/A 100% $236,000*
T*-325
Realty-24
1 West Walling Dr
St. Louis, MO 63141
(314) 576-1476
$230,000 CASH $0 $0 21 No 2% $225,000 N/A 100% $230,000*
CU-642
REMAX EXPERTS
1930 Exeter RD
Germantown, TN 38138
(901) 685-6000
$230,000 CASH $0 $0 28 No $1,000 $0 N/A 0% $230,000*
NEM-637
Easton Mosteller Realty Group
2171 Judicial Drive Ste 117
Germantown, TN 38138
(901) 708-2022
$225,000 CASH $0 $0 20 No 1% $2,250 N/A 0% $225,000
MFM-630
Easton Mosteller Realty Group
2171 Judicial dr
Germantown, TN 38018
(901) 708-2022
$225,000 CASH $0 $0 21 No 1% $225,000 N/A 0% $225,000*
FS-646
Crye Leike
894 N Germantown Pkwy
CORDOVA, TN 38016
(901) 756-8100
$200,000 CASH $0 $0 10 No 5% $1,000 N/A 100% $200,000
* These offers have attached comments or conditions (Click the bid's net offer figure to read).
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