|   Bidder Registration
Friday, July 23, 2021   
Great Cash Flow Property OR First Time Home Buy
Watch this Listing
Listing ID: 120618 
Status: Deleted
4961 Oakwood Trail ~ Indianapolis, IN Condo/Townhome/Coop/Villa | Tenant Occupied
Current Bid: $71,000  (Reserve Met)
Number of Bids: 17 Bid History
High Bidder: Ido
Time Remaining
- - - -
Bidding Opens: Apr 16, 2021 9:20 AM
Bidding Ends: Apr 22, 2021 1:09 PM  (Central)
Starting Bid: $52,500
Contact: Mickey Russo
See Terms Below for Bidding Instructions
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms
Files Comparable Sales Rental Info

Contact Information
Contact Type: Broker/Auctioneer
Contact Name: Mickey Russo
Agency Name: Russo Realty Group
Contact Phone: (317) 268-8005
Showings: Open House - See Description

Address Information
Street Address: 4961 Oakwood Trail
City: Indianapolis
County: Marion County
State/Province: IN
Postal/ZIP Code: 46268
Country: United States
Click for Expanded Google Map / Directions 

Property Information
Property Type: Condo/Townhome/Coop/Villa
Category: Tenant Occupied
Bedrooms: 3
Full Bathrooms: 1
Half Bathrooms: 1
Square Footage: 1,103 (Approximate)
Lot Size: .03 Acres
Basement: No Basement
Parking: No Garage
Year Built: 1972
Taxes: $1,004

Picture Gallery


Public Open House: Wed Apr 21, 12:00PM-2:00PM

This has been an excellent rental property in Pike Township. Close to Eagle Creek. Property was completely renovated a little over two years ago, and has had the same reliable tenant for about the same amount of time! This one will get swooped up quick!


Mickey Russo
Real Estate Broker/Investor

Russo Realty Group LLC

(317) 268-8005


This Message is Deemed "Commercial in Confidence"


File NameDescriptionFile Size
ATT001_Rental CMA.pdf Rental CMA 465 KB
ATT002_Re Sale CMA.pdf Re Sale CMA 446 KB
ATT003_Sample Purchase Agreement.pdf Sample Purchase Agreement 175 KB

Comparable Sales
AddressSales PriceSales DateURL / Link
6830 Chrysler, Indianapolis, IN 46268$75,000 Sep 23, 2020 Click for More Info
4905 Oakwood Trail, Indianapolis, IN 46268$73,990 Apr 30, 2021 Click for More Info

Rental Information
Total Units: 1
Units Rented: 1
Monthly Income
Total Rent: $1,050
Additional Income:
 Monthly Expenses
Insurance: $58
Property Mgt. Fee: $105
Utilities: $0
Additional Expense: $168

Bidding History
BidderBid AmountBid TimestampAuto-Bid
Ido$71,000 Thu - Apr 22, 2021 01:07:03 PM
Mohammed $70,500 Thu - Apr 22, 2021 01:05:44 PM
Ido$70,000 Thu - Apr 22, 2021 01:05:02 PM
Mohammed $69,500 Thu - Apr 22, 2021 01:04:21 PM
Ido$69,000 Thu - Apr 22, 2021 01:03:36 PM
Mohammed $68,500 Thu - Apr 22, 2021 01:02:44 PM Auto-Bid
Mohammed $68,000 Thu - Apr 22, 2021 01:02:44 PM
Ido$67,500 Thu - Apr 22, 2021 12:58:59 PM Auto-Bid
Mohammed $67,500 Thu - Apr 22, 2021 01:00:51 PM
Ido$67,000 Thu - Apr 22, 2021 12:58:59 PM
Mohammed $65,500 Thu - Apr 22, 2021 12:57:06 PM
Ido$65,000 Thu - Apr 22, 2021 11:34:48 AM
Ido$63,000 Thu - Apr 22, 2021 11:34:22 AM
Mohammed $61,500 Thu - Apr 22, 2021 11:23:55 AM
Ido$61,000 Thu - Apr 22, 2021 09:47:10 AM
Mohammed $60,500 Thu - Apr 22, 2021 09:30:26 AM
Mohammed $53,000 Mon - Apr 19, 2021 09:55:21 AM

Question: is The Association fee $105.00 ? the association fee is $168.00. and the rent is $800.00 and not renovated
Answer: Association fee is $168.00/mo. The rent is $1,050.00/mo. Property hasn't been renovated in a little over 2 years.
Question: Hello: Please advise of what is included in the property management fees. When was the last rent increase. Has the tenant indicated they would like to stay?Respectfully Sandra Peterson-Downey
Answer: Current Property Management includes tenant placement, lease renewals, rent collection, maintenance requests, etc. Current tenant has been paying $1,050.00 for around 2 years now. The tenant is currently on the fence about whether they will renew or not.
Question: Hello: Is there an assessment due in the next few months? If so for what amount? Please advise at your earliest opportunityRespectfully, Sandra Peterson-Downey
Answer: No assessment that we are aware of at this time.
Question: When is the tenant’s lease up?
Answer: June 1st, but he may need to extend to the end of June.

  1. BUYER'S PREMIUM: 6.5%
    This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.
  2. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  3. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
  4. Winning bid is subject to seller approval.
  5. Buyers Agent commission of 2% is being offered.
  6. All bids are placed in US Dollars.
  7. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  8. The bidding will be open and everyone will have access to the bid history during the auction.
  9. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  10. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  11. The high bidder will be notified via email after the auction ends.
  12. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  13. Sale is “as-is”, "where-is". Seller will not fix anything.
  14. Buyer WAIVES inspections and relies upon the condition of the Property based upon Buyer's own examination prior to the start of the auction.
  15. Within 18 hours of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract at the winning bid amount and based on the terms described here.
  16. Closing will take place at seller's chosen title company within 30 days of signing the contract.
  17. When contract is signed, winning bidder will pay $1,000 earnest money to be held by the listing brokerage.
  18. To place a bid on this auction, you MUST provide a valid credit card which will be Pre-Authorized (not charged) in the amount of $500. If the winning bidder fails to sign the sales contract and submit the required earnest money deposit within 18 hours of auction close, they will be charged a $500 non-refundable default fee.
  19. Winning bidder may, at their option and expense order a title examination and insurance.
  20. Seller will include the following personal property in the sale: None
  21. Seller will exclude the following real property from the sale: None
Buyer Premium: 6.5%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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