Real Estate Auction in Chillicothe: 3-Bedroom Home With a $10,000 Starting Bid

An Affordable Real Estate Opportunity Worth a Closer Look

A unique real estate opportunity is coming to the market in Chillicothe, Ohio, offering buyers the chance to acquire a three-bedroom, two-bathroom single-family home through a real estate auction. The property has a starting bid of just $10,000, while a Buy It Now price of $120,000 is also advertised.

For investors, first-time buyers, contractors, and owner-occupants looking for an opportunity in an established residential community, this property could be worth a closer look. The home is located in the Pleasant Valley subdivision and sits on approximately 0.34 acres, with a covered front porch, gravel parking, a storage shed, and public water and sewer.

The single-level home features three bedrooms and two full bathrooms, all located on the main level. Additional rooms include a living room, family room, dining room, kitchen, and utility area.

The property was built in 1995 and features vinyl siding, an asphalt roof, double-pane windows, and heat-pump heating and cooling.

The auction structure makes this opportunity particularly interesting. However, prospective buyers should understand that auction purchases can have specific terms, deadlines, deposit requirements, financing restrictions, and due diligence procedures. Buyers should carefully review the official auction terms before participating.

Property Highlights

Here is a quick overview of the major features:

• Real estate auction opportunity
• Starting bid: $10,000
• Buy It Now price: $120,000
• Three bedrooms
• Two full bathrooms
• Single-level design
• Approximately 0.34 acres
• Pleasant Valley subdivision
• Chillicothe location
• Covered front porch
• Gravel parking
• Uncovered parking spaces
• Storage shed
• Public water
• Public sewer
• Heat-pump heating
• Heat-pump cooling
• Double-pane windows
• Vinyl siding
• Asphalt roof
• Crawl-space foundation
• Range included
• Refrigerator included
• Electric water heater
• Living room
• Family room
• Dining room
• Kitchen
• Utility room
• Built in 1995

The property information supplied does not provide a total interior square-footage figure, so buyers should verify the home’s exact dimensions and living area independently.

Three Bedrooms and Two Full Bathrooms

The home offers three bedrooms and two full bathrooms, all conveniently located on the main level.

This single-level arrangement can be appealing to a wide range of buyers. Families may appreciate having all bedrooms on one floor, while older homeowners or individuals who prefer to avoid stairs may also find the layout practical.

The three-bedroom configuration can also be useful for investors evaluating potential long-term rental demand.

The bedrooms are described as having carpet flooring, creating a traditional residential environment that could potentially be refreshed through cleaning, replacement, or updating depending on the condition.

For a future owner, the bedrooms could serve their traditional purpose or potentially be adapted as a home office, guest room, hobby room, or flexible living space.

Main-Level Living

One of the defining advantages of this home is its one-level floor plan.

The property includes a living room, family room, dining room, kitchen, utility area, three bedrooms, and two bathrooms, all on the main level.

This layout can create a convenient flow for daily living.

The living room provides a traditional gathering space, while the separate family room gives occupants another area for relaxation, entertainment, or everyday activities.

Having both rooms provides additional flexibility compared with a home that has only one primary living area.

Living Room With Carpet Flooring

The living room features carpet flooring.

Depending on its current condition, the carpet could potentially be cleaned, repaired, or replaced as part of a future improvement plan.

A fresh interior renovation could also include new paint, updated lighting, modern trim, and other cosmetic changes.

Because the property is being sold through an auction, buyers should inspect the interior carefully before making assumptions about its condition.

Separate Family Room

The home also includes a family room, providing additional interior living space.

A separate family room can be particularly useful for larger households because it gives residents another place to relax or entertain.

Depending on the buyer’s plans, the room could potentially become a media area, home office, playroom, hobby space, or second living area.

The existing carpet could be retained if it is in good condition or replaced as part of a broader renovation.

Kitchen With Included Appliances

The property includes a kitchen with linoleum flooring.

The listing identifies a range and refrigerator among the included appliances, along with an electric water heater.

For buyers evaluating the property as an investment, having major appliances included can be a useful consideration when estimating initial setup expenses.

The kitchen could potentially be refreshed with new flooring, cabinetry, countertops, lighting, hardware, or other improvements depending on the condition and budget.

Prospective buyers should inspect the appliances and verify that they are operational before relying on them as part of their renovation or occupancy plans.

Dining Room

A dedicated dining room is another feature included in the floor plan.

The dining room has linoleum flooring and provides a separate area for meals and gatherings.

For an owner-occupant, this room could be furnished as a traditional dining area.

For a buyer seeking more flexible use of the floor plan, it could potentially serve as an additional workspace or multifunctional room depending on personal needs and the home’s layout.

Two Full Bathrooms

The property includes two full bathrooms, both on the main level.

Two bathrooms can provide a significant convenience for a three-bedroom household.

From an investment perspective, bathroom count is also an important factor when comparing homes in the local rental and resale market.

The bathrooms feature laminate and carpet flooring according to the supplied information.

A buyer should evaluate fixtures, plumbing, ventilation, flooring, walls, and other components during an inspection.

Heat Pump Heating and Cooling

The home uses a heat pump for both heating and cooling.

Heat-pump systems can provide both functions through a single system, making them an important part of the home’s mechanical infrastructure.

Buyers should have the system inspected and determine its age, condition, efficiency, maintenance history, and expected remaining service life.

For an investment property, heating and cooling costs can influence operating expenses and tenant appeal.

For an owner-occupant, the performance of the system can affect year-round comfort.

Double-Pane Windows

The property features double-pane windows.

Double-pane windows can provide benefits related to insulation, comfort, and reduction of outside noise compared with older single-pane designs.

Buyers should nevertheless inspect the windows for damaged seals, moisture between panes, frame deterioration, and proper operation.

If the windows remain in good condition, they may represent a useful feature that does not require immediate replacement.

Crawl Space

The property has a crawl-space foundation rather than a full basement.

Crawl spaces can provide access to plumbing, electrical components, ductwork, and other systems beneath the home.

However, buyers should carefully inspect the area for moisture, standing water, ventilation issues, pests, insulation problems, structural concerns, and plumbing leaks.

A professional inspection can help identify potential issues that may not be visible from the main living area.

Approximately 0.34 Acres

The property sits on approximately 0.34 acres, with dimensions listed at approximately 100 by 150 feet.

This provides a manageable residential lot with space for a yard, landscaping, outdoor activities, and other permitted uses.

The property also includes a storage shed, providing additional space for lawn equipment, tools, seasonal belongings, or other household items.

The lot’s relatively simple configuration may appeal to buyers who prefer a residential property that does not require extensive acreage maintenance.

Covered Front Porch

A covered porch provides an attractive outdoor feature.

Covered porches can create a comfortable transition between indoor and outdoor spaces and offer a place to sit, relax, or enjoy the surrounding neighborhood.

Depending on the condition of the porch, a buyer may choose to clean, repair, repaint, or otherwise improve the space.

For resale purposes, an attractive front porch can also contribute to curb appeal.

Gravel Parking Instead of a Garage

The property does not include a garage, but it does provide gravel parking and uncovered parking spaces.

For homeowners, the available parking area can accommodate vehicles without the expense of maintaining an enclosed garage.

The lack of a garage should nevertheless be considered when comparing this property with similar homes.

The buyer should verify the number of legal parking spaces and whether any future parking improvements would require approval.

Storage Shed Adds Utility

The existing shed provides a convenient secondary storage structure.

Even a relatively small shed can be useful for gardening tools, lawn equipment, bicycles, seasonal decorations, and other belongings.

Buyers should inspect the shed’s roof, siding, flooring, doors, and overall condition.

Any intended conversion or alternative use should comply with local regulations.

Public Water and Sewer

The property is served by public water and public sewer.

Municipal utilities can provide convenience and reduce the need for private well and septic maintenance.

Buyers should still verify that the utility connections are active and functioning properly.

A professional inspection of the plumbing and sewer connection may be appropriate before purchase, especially for an auction property where the buyer may have limited information about maintenance history.

Vinyl Siding and Asphalt Roof

The home features vinyl siding and an asphalt roof.

These are common residential building materials and can provide a practical exterior foundation.

The siding should be inspected for cracks, warping, loose sections, water intrusion, and other damage.

The roof should be examined for missing shingles, leaks, flashing problems, ventilation issues, and overall remaining life.

Because the property is being sold through an auction, buyers should make every reasonable effort to inspect these components before bidding.

Built in 1995

The property was constructed in 1995, giving it a relatively modern construction date compared with many older housing opportunities.

The age of the property may be attractive to buyers who prefer a home built with more contemporary construction methods while still looking for an affordable purchase.

Nevertheless, age alone does not determine condition.

Maintenance history, previous repairs, weather exposure, renovations, and overall upkeep are all important factors.

Real Estate Auction Opportunity

The $10,000 starting bid is one of the most attention-grabbing elements of this listing.

An auction can provide an alternative way to purchase real estate, but buyers should understand how the bidding process works before participating.

The advertised Buy It Now price is $120,000, giving buyers another possible acquisition route according to the supplied listing information.

Auction buyers should carefully review all official terms and conditions, including bidding requirements, deposits, closing timelines, inspection rules, buyer premiums if applicable, financing requirements, and title conditions.

The starting bid should not be interpreted as the final purchase price.

Potential Fix-and-Hold Strategy

An investor might evaluate this property as a potential fix-and-hold investment.

The basic concept would involve acquiring the property, completing necessary repairs and improvements, and holding it as a long-term rental or investment property.

The three-bedroom, two-bathroom configuration may provide a useful starting point for this strategy.

However, investors should research local rental demand and comparable rents before making projections.

The financial model should include property taxes, insurance, maintenance, vacancies, property management, utilities, financing, capital improvements, and other expenses.

Potential Fix-and-Flip Strategy

Another possible strategy is a fix-and-flip renovation.

The investor could evaluate the property based on the potential value after repairs and compare that figure with the total project cost.

A proper analysis should include:

• Purchase price
• Auction costs
• Renovation expenses
• Contractor labor
• Materials
• Permits
• Financing
• Insurance
• Property taxes
• Utilities
• Holding costs
• Selling expenses
• Closing costs
• Contingency reserves

The final resale value should be based on current comparable properties rather than optimistic assumptions.

Potential Owner-Occupant Opportunity

The property could also appeal to a buyer who wants an affordable single-level home and is comfortable with the auction process.

Three bedrooms, two bathrooms, a living room, family room, dining room, kitchen, covered porch, and 0.34-acre lot create a practical residential package.

An owner-occupant could gradually improve the property according to personal priorities.

Potential upgrades could include:

• Interior painting
• Flooring improvements
• Kitchen updates
• Bathroom updates
• Lighting
• Landscaping
• Porch improvements
• Storage organization
• Energy-efficiency upgrades

The appropriate scope of work should be determined after inspection.

Pleasant Valley Community

The property is located within the Pleasant Valley subdivision in the Chillicothe region.

The surrounding community provides a residential setting that may appeal to buyers looking for a traditional neighborhood environment.

Chillicothe offers access to everyday services, shopping, dining, employment opportunities, schools, healthcare, transportation, and recreational activities.

Prospective buyers should research the immediate neighborhood carefully and evaluate nearby comparable properties before making an investment decision.

Due Diligence Is Essential

Auction properties require careful preparation.

Potential buyers should verify:

• Property boundaries
• Title status
• Taxes
• Liens
• Utility connections
• Zoning
• Building permits
• Property condition
• Structural condition
• Roof condition
• HVAC condition
• Plumbing
• Electrical systems
• Crawl space
• Parking
• Shed condition
• Auction terms
• Closing requirements

Buyers should also confirm whether inspections are permitted before bidding and understand the consequences of purchasing the property without the ability to conduct a full inspection.

The supplied listing reports an annual tax amount of approximately $2 and a tax-assessed value of approximately $24,250. These figures should be independently verified with the appropriate local authorities, as tax records can change and auction properties may have additional considerations.

Why This Property Could Attract Attention

The property combines several characteristics that make it an interesting opportunity.

The $10,000 starting bid creates an unusually low entry point for an auction listing, while the advertised $120,000 Buy It Now price provides another purchasing option.

The three-bedroom, two-bathroom layout is practical.

The one-level design offers convenience.

The 0.34-acre lot provides outdoor space.

The covered porch adds curb appeal.

The shed provides storage.

Public water and sewer simplify utility considerations.

The heat pump provides both heating and cooling.

Double-pane windows are another useful feature.

The 1995 construction date provides a relatively modern starting point compared with many older properties.

Final Thoughts

This Chillicothe real estate auction offers a distinctive opportunity for buyers who are comfortable evaluating properties through an auction process.

The property features three bedrooms, two full bathrooms, a single-level floor plan, approximately 0.34 acres, a covered porch, gravel parking, a storage shed, public utilities, heat-pump heating and cooling, double-pane windows, and a home constructed in 1995.

Inside, the property offers a living room, separate family room, dining room, kitchen, utility space, three bedrooms, and two bathrooms. The included range, refrigerator, and electric water heater add to the list of existing features.

The $10,000 starting bid is likely to attract attention, but buyers should remember that an auction starting price is not necessarily the final purchase price. The advertised Buy It Now price of $120,000 provides another possible acquisition option according to the listing information.

For investors, the property could be evaluated as a potential fix-and-flip, rental, or long-term hold. For an owner-occupant, it may represent a chance to acquire a single-level three-bedroom home and make improvements over time.

The most important factor is due diligence. Buyers should understand the auction rules, inspect the property whenever permitted, verify title and taxes, evaluate the mechanical systems, research comparable properties, and calculate the complete cost of ownership.

Ultimately, this opportunity may appeal to someone who is comfortable taking a closer look at a property rather than simply searching for a turnkey home. With a practical layout, useful land, public utilities, a covered porch, storage, and an auction structure, the property provides several factors worth considering.

Anyone interested should review the official auction terms and conduct independent research before placing a bid or exercising the Buy It Now option.

 

 

Listed on Zillow