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Wisconsin Sell-Off Continues – 2nd State-Wide Real Estate Auction Now In Progress

May 20, 2010

Seventeen more properties will go on the auction block over the next few weeks in small towns and cities throughout Wisconsin as lenders sell-off vacant parcels, a condominium in Sister Bay and a single-family home in Milwaukee.

Last month, six properties sold at door-step auctions conducted by Chicago-based auction company, Rick Levin & Associates, Inc. All of the properties were sold absolute regardless of the price, so many winning bidders who are now property owners were very pleased with the results.

Rick Levin

“It’s been a very rough market but the buyers are coming back,” said Rick Levin who personally conducted many of the door step auctions in the first wave of state-wide sales last month.  “We can see the tide turning … qualified bidders are showing up, ready to buy when the price is right.”

According to a report on the Dane County website posted by the South Central Wisconsin MLS, there was 9.9 – 24 months of Wisconsin single-family home inventory available on April 30, 2010.

The current list of properties to be sold at auction shown below ranges in previously priced values from $10,900 to $89,000, with suggested opening bids ranging from $1000 to $8000.  A number of vacant parcels have come available that are attractive to investors and builders, but also an opportunity for individuals and first time buyers to become property owners.

Location Property Previously

Priced To

Address
Adams Vacant Lot $45,000 110 Timber Shore
Arkdale Vacant Lot $14,900 3 Ash Ave
Arkdale Vacant Lot $40,000 109 Timber Shores
Arkdale Vacant Lot $28,000 56 Petenwell Landing
Comstock Vacant Lot $15,000 18 30th St
Friendship Vacant Lot $13,900 64 Lakes Edge
Galesville Vacant Lot $29,900 1 & 2 Sunset Valley
Green Bay Vacant Lot $49,000 1600 Royal Crown Ct
Milwaukee Vacant Lot $89,000 7305 N 95th St
Milwaukee Single- Family Home $74,900 6872 N 42nd St
Neillsville Vacant Lot $35,000 N 4770 Weston Falls Ave
Oxford Vacant Lot $12,900 15 S Fern Lane
Shawano Vacant Lot $25,000 Balsam Row
Sister Bay Condominium $68,000 10571 Hwy 57 Unit 102
Somerset Vacant Lot $21,000 932 218th Ave
Somerset Vacant Lot $20,000 2111 62nd
Somerset Vacant Lot $25,000 Lot 11 218th Ave



Galesville WI Lot 1 and 2 Sunset Valley

The properties will be sold at three, open outcry ballroom auctions open to the public and also open for real estate Broker participation.

Bidders may register in advance or on the day of the auction. Bidding information, auction terms and conditions and photos of the properties are available at www.ricklevin.com ,where you can also find directions to the auction locations and instructional videos on how to bid at a real estate auction.

Single-Family Home, Milwaukee, 6872 N 42nd St

Interested parties may call 773-252-4500 for more information. Auction dates and times are shown below:

10 a.m., June 10th at the Ramada Inn, 205 S. Barstow St., Eau Claire, WI
7 p.m., June 10th at the Hilton Garden Inn, 1355 W. 20th Ave., Oshkosh, WI
1 p.m., June 24th at the Residence Inn, 648 N. Plankinton Ave., Milwaukee, WI

For additional information, or to have any of your questions answered, please contact Rick Levin & Associates, Inc. directly.

Office: (773) 252-4500

Email: rick@ricklevin.com

A Video Message from Rick Levin Regarding the Wisconsin Auction

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