ONLINE REAL ESTATE AUCTION  *  7 PHOENIX HOUSES  *  LOW STARTING BIDS

MMRE Advisers (Listing Broker), in cooperation with United Country Real Estate – Arizona Property & Auction and The Larsen Company Real Estate & Auction (Auction Brokers) are ordered by JP MARKO HOLDINGS LLC (Investor Owner) to offer seven (7) Phoenix houses for sale at Online Auction.  Don’t miss this outstanding opportunity to bid on 3-bedroom block constructed houses that have been excellent rental income producers in Phoenix, Arizona.  One house is fully remodeled and the others are waiting for the new owners to make updates.  All houses are located in the Maryvale area of west Phoenix.

WHEN IS THE AUCTION EVENT?  All bidding takes place online.  The Real Estate Online Auction bidding ends on THURSDAY, MARCH 2, 2023 at 6:00 PM (AZ).

HOW DO I BID?  WHAT IS THE HIGH BID?  Visit UnitedCountryAZ.HiBid.com and click on the “Bidding Open” link to register as an online bidder or to check the current bid on any property.

WHERE ARE THE HOUSES? (click address for GoogleMap link)

• AUCTION LOT #1:  8447 W ROMA AVE, PHOENIX, AZ, 85037

• AUCTION LOT #2:  7506 W MONTECITO AVE, PHOENIX, AZ, 85033

• AUCTION LOT #3:  4240 N 63RD AVE, PHOENIX, AZ, 85033

• AUCTION LOT #4:  6438 W FAIRMOUNT AVE, PHOENIX, AZ, 85033

• AUCTION LOT #5:  5624 W CAMBRIDGE AVE, PHOENIX, AZ, 85035

• AUCTION LOT #6:  827 N 61ST AVE, PHOENIX, AZ, 85043

• AUCTION LOT #7:  6733 N 32ND AVE, PHOENIX, AZ, 85017

PROPERTY PREVIEW AND INSPECTION (click on the link for the MLS listing):  The properties are open for public preview and inspection (“open house”) on THURSDAY, FEBRUARY 23, 2023 at the times listed below.  Realtors can schedule client showings anytime through ShowingTime.

• AUCTION LOT #1:  8447 W ROMA AVE, PHOENIX, AZ, 85037  (Open Feb 23 @ 1:00 - 3:00 PM)

• AUCTION LOT #2:  7506 W MONTECITO AVE, PHOENIX, AZ, 85033   (Open Feb 23 @ 10:00 AM-12:00)

• AUCTION LOT #3:  4240 N 63RD AVE, PHOENIX, AZ, 85033 (Open Feb 23 @ 1:00 - 3:00 PM)

• AUCTION LOT #4:  6438 W FAIRMOUNT AVE, PHOENIX, AZ, 85033  (Open Feb 23 @ 1:00 - 3:00PM)

• AUCTION LOT #5:  5624 W CAMBRIDGE AVE, PHOENIX, AZ, 85035  (NO ACCESS-TENANT OCCUPIED)

• AUCTION LOT #6:  827 N 61ST AVE, PHOENIX, AZ, 85043  (Open Feb 23 @ 10:00AM-12:00PM

• AUCTION LOT #7:  6733 N 32ND AVE, PHOENIX, AZ, 85017  (Open Feb 23 @ 10:00AM-12:00PM

PROPERTY DETAILS:  Property details, inspection reports, and auction information at AZRealEstateBid.com. 

AUCTION LOT #1:  8447 W ROMA AVE, PHOENIX, AZ, 85037

Starting Bid:  $285,000

Bed/Bath/Parking:  3 Bed, 2 Bath, 1-Car Carport

Year Built/Construction:  1972, Block Construction, Shingle Roof

House Size: 1,373 +/- Sq Ft

Lot Size:  0.15 Acres (6,399 SqFt)

Subdivision: Sunrise Terrace Unit Four, Lot 70

Homeowner’s Association:  None

Maricopa County Assessor Parcel #: 102-19-350 

Property Taxes:   $862 (Tax Year 2023)

MLS LISTING #: 6512929 (CLICK HERE FOR PHOTOS)

Open House: 1:00 pm-3:00 pm on Thursday, February 23

Notes:  Open floor plan and completely remodeled.  Brand new roof with warranty. New vinyl wood flooring throughout.  New interior+exterior painting. New kitchen has an open layout & white shaker cabinets with stone countertops. New doors+ceiling fans.  New vanities+quartz countertops and brand new toilets.  Private and spacious backyard.

AUCTION LOT #2:  7506 W MONTECITO AVE, PHOENIX, AZ, 85033

Starting Bid:  $190,000

Bed/Bath/Parking:  3 Bed, 1 Bath, 1-Car Carport

Year Built/Construction:  1978, Block Construction, Shingle Roof

House Size: 1,026 +/- Sq Ft

Lot Size:  0.151 Acres (6,599 SqFt)

Subdivision: Marlborough Country Unit 7, Lot 31 

Homeowner’s Association:  None

Maricopa County Assessor Parcel #:  102-19-350  

Property Taxes:   $883 (Tax Year 2023)

MLS LISTING #: 6510344 (CLICK HERE FOR PHOTOS)

Open House: 10:00 am-12:00 pm on Thursday, February 23

Notes:  3-bed/2-bath home in the Maryvale area. Excellent investment opportunity to fix and flip, to cash flow for rental income or to occupy for yourself.

AUCTION LOT #3:  4240 N 63RD AVE, PHOENIX, AZ, 85033

Starting Bid:  $190,000

Bed/Bath/Parking:  3 Bed, 2 Bath, 2-Car Garage

Year Built/Construction:  1961, Block Construction, Shingle Roof

House Size: 1,529 +/- Sq Ft

Lot Size:  0.22 Acres (9,792 SqFt)

Subdivision: Maryvale Terrace 27, Lot 10672

Homeowner’s Association:  None

Maricopa County Assessor Parcel #: 144-85-014

Property Taxes:   $1,037 (Tax Year 2022)

MLS LISTING #: 6510344 (CLICK HERE FOR PHOTOS)

Open House: 1:00 pm-3:00 pm on Thursday, February 23

Notes:  Patio off living room and master bedroom that looks across the street at Maryvale Golf Course. Large covered patio off dining room. 2 car garage. Huge 1/4-acre lot. 

AUCTION LOT #4:  6438 W FAIRMOUNT AVE, PHOENIX, AZ, 85033

Starting Bid:  $175,000

Bed/Bath/Parking:  3 Bed, 1 Bath, 1-Car Carport

Year Built/Construction:  1961, Block Construction, Shingle Roof

House Size: 910 +/- Sq Ft

Lot Size:  0.16 Acres (7,148 SqFt)

Subdivision: Sunset Knoll 2, Lot 103

Homeowner’s Association:  None

Maricopa County Assessor Parcel #: 103-09-102

Property Taxes:   $675 (Tax Year 2022)

MLS LISTING #: 6514762 (CLICK HERE FOR PHOTOS)

Open House:  1:00 pm-3:00 pm on Thursday, February 23

Notes:  Don't miss this exciting opportunity to bid on a 3-bed/1-bath home in the Maryvale area. Excellent investment opportunity to fix and flip, to cash flow for rental income or to occupy for yourself. The home is just waiting for its new owner to make the updates to be move-in ready.

AUCTION LOT #5:  5624 W CAMBRIDGE AVE, PHOENIX, AZ, 85035

Starting Bid:  $190,000

Bed/Bath/Parking:  3 Bed, 2 Bath, 2-Car Garage

Year Built/Construction:  1970, Block Construction, Shingle Roof

House Size: 1,260 +/- Sq Ft

Lot Size:  0.16 Acres (7,153 SqFt)

Subdivision: Homestead Terrace, Unit 6, Lot 976

Homeowner’s Association:  None

Maricopa County Assessor Parcel #: 103-15-395

Property Taxes:   $929 (Tax Year 2022)

MLS LISTING #: 

Open House:  NONE - Tenant Occupied 

Notes:  3-bed/2-bath home with a 2-car garage in the Maryvale area. The property is currently tenant occupied at $1,350/month through March, 2023.  Immediate cash flow opportunity as the tenants would like to continue renting.  Excellent investment opportunity to cash flow for rental income or to occupy for yourself. 

AUCTION LOT #6:  827 N 61ST AVE, PHOENIX, AZ, 85043

Starting Bid:  $190,000

Bed/Bath/Parking:  3 Bed, 1 Bath, 2-Car Carport

Year Built/Construction:  1979, Block Construction, Shingle Roof

House Size: 1,348 +/- Sq Ft

Lot Size:  0.14 Acres (6,090 SqFt)

Subdivision: Centura West, Lot 10

Homeowner’s Association:  None

Maricopa County Assessor Parcel #: 103-26-017

Property Taxes:   $702 (Tax Year 2022)

MLS LISTING #: 

Open House:  10:00 am-12:00 pm on Thursday, February 23

Notes:  Solid block home. 3 good size bedrooms.  Split floor plan.  Ample storage inside and off carport.  Good size front and back yards. 

AUCTION LOT #7:  6733 N 32ND AVE, PHOENIX, AZ, 85017

Starting Bid:  $190,000

Bed/Bath/Parking:  3 Bed, 1 Bath, 2-Car Slab

Year Built/Construction:  1954, Block Construction, Shingle Roof

House Size: 1,474 +/- Sq Ft

Lot Size:  0.14 Acres (6,020 SqFt)

Subdivision: Cavalier Glen, Lot 17

Homeowner’s Association:  None

Maricopa County Assessor Parcel #: 152-09-017

Property Taxes:   $1,420 (Tax Year 2022)

MLS LISTING #: 6520435 (CLICK HERE FOR PHOTOS) 

Open House:  10:00 am-12:00 pm on Thursday, February 23

Notes:  3 bed / 2 bath home in north Phoenix. Excellent investment opportunity to fix and flip, to cash flow for rental income or to occupy for yourself. The home is just waiting for its new owner to make updates to be move-in ready. 

SALE TERMS:  No registration fee to bid.  All bidding is done online through UnitedCountryAZ.HiBid.com.  A 10% Buyer’s Premium (auction fee) will be added to the high bid to determine the purchase price.  A non-refundable earnest money deposit of 10% of the purchase price with the balance due at closing within 30 days.  The property is sold “as-is” and subject to estate approval of the bid.  The seller guarantees a clear title of liens and mortgages with title insurance provided.  The seller reserves the right to withdraw the property, postpone, or cancel the auction prior to the sale.  All announcements made on the day of sale take precedence over all previous advertising.  All information is from reliable sources. However, the auctioneer/broker does not accept responsibility for the information presented as it is the buyer’s responsibility to verify all information.

Happy Bidding!  

“JP” Jesus Pino / MMRE Advisers

C: 602.478.4647 | E: JPino@PinoRealEstate.com 

Stewart Larsen / The Larsen Company Real Estate and Auctions

O: 480.844.1221 | C: 480.861.2530 | E: slarsen@thelarsencompany.com 

John Payne / United Country Real Estate – Arizona Property & Auction 

O: 480.422.6800 | C: 602.315.4104 | E: john@UnitedCountryAZ.com

REAL ESTATE AUCTION TERMS & CONDITIONS OF SALE

MMRE Advisers (Listing Broker), in cooperation with United Country Real Estate – Arizona Property & Auction and The Larsen Company Real Estate & Auction (Broker & Auctioneers) are ordered by JP MARKO HOLDINGS LLC (INVESTMENT GROUP) to offer seven (7) Phoenix houses for sale at Online Auction.  Don’t miss this outstanding opportunity to bid on 3-bedroom block constructed houses that have been excellent rental income producers in Phoenix, Arizona.  One house is fully remodeled and the others are waiting for new owners to make updates. 

Agency Disclosure:  MMRE Advisers, United Country Real Estate - Arizona Property & Auction and The Larsen Company Real Estate and Auction (collectively “Auctioneers/Brokers”) are agents of the Seller.  You can expect these real estate professionals to be helpful and honest with all parties.

Auction Date and Location:  The Real Estate Online Auction bidding ends on THURSDAY, MARCH 2, 2023 at 6:00 PM (AZ).  

Auction Registration (Online Bidders):  To register to bid online, visit the HiBid online bidding portal at UnitedCountryAZ.HiBid.com, click on an auction property listing and then click on the ONLINE BIDDING link to open the online bidding page.  Click on “Register to Bid” at the bottom of the page to complete the registration fields.  Note that a credit card is required to register only to confirm the bidder’s identity.  Bidder registration is free.  

Bid Acceptance:  The real estate is being offered subject to seller confirmation of the winning bid.  The winning bidder will complete and sign the Real Estate Sale Contract upon the conclusion of the auction event.  

Bidder & Property Information:  Bidder and property information has been prepared to help you in evaluating and bidding on the property.  All information is available online at AZRealEstateBid.com. 

Buyer Agent Participation:  A commission will be paid to the licensed real estate broker/agent whose Buyer client closes escrow on the property.  To qualify, the broker/agent must register their Buyer client and abide by all terms of the Buyer-Agent Registration Form (available at AZRealEstateBid.com) which must be received and acknowledged by the auction company prior to the auction event.

Buyer’s Premium:  A ten-percent (10%) Buyer's Premium (auction fee) will be added to the final bid price to establish the contract sale price.  High Bid + Buyer’s Premium = Sale Price.

Caveat Emptor: “Let the Buyer beware” that while every effort is made by the Auctioneers/Brokers to provide accurate information, it does not accept responsibility for information presented.  It is the responsibility of the Buyer and/or the Buyer’s Broker/Agent to verify the accuracy of all information presented and conduct its own independent inspections, investigation and due diligence concerning the property to its satisfaction, “When in doubt, check it out”.  Property sells “As-Is” with no warranties expressed or implied by the Seller.  

Closing:  Close of escrow to occur within 30-days of contract acceptance.  

Contingencies:  The final high bid on the property is irrevocable.  The purchase IS NOT contingent upon financing NOR appraisal, so be prepared to pay cash at closing or have arranged your financing prior to bidding.  The purchase IS NOT contingent upon inspections post auction, so be sure you thoroughly inspect the property and obtain any information important to you prior to bidding.

Disclaimers:  Any announcements made on auction day take precedent and override all prior marketing or website statements.  The decision of the Auctioneer is final regarding all matters that arise before, during, and after the Auction.  Auctioneer’s discretion includes, but is not limited to, the auction method, bid calling, bid increments, and determining the buyer.  Unless otherwise disclosed, Seller may not bid on the Property.  Bidders will not retract any bid.  The exclusive jurisdiction and venue for any controversy or claim will be Maricopa County, Arizona.  Online Bidding Disclaimer:  Under no circumstances shall Bidder have any kind of claim against the Broker/Auctioneer, or anyone else if the internet service fails to work correctly before or during the auction.

Earnest Money Deposit:  Upon the conclusion of the auction, the winning high bidder will be required to make a NON-REFUNDABLE Earnest Money Deposit of at least ten-percent (10%) of the total contract price.  The Earnest Money Deposit is payable personal check, business check or bank wire to the title company.

Financing:  The purchase IS NOT contingent upon financing nor appraisal, so be prepared to pay cash at closing or have hard money or other cash funding arranged prior to bidding.   Please bid within your cash limit and ability to pay. 

Possession:  Possession will be given at closing.

Property Preview and Inspections:  The properties are open for public preview and inspection (“open house”) on THURSDAY, FEBRUARY 23, 2023 at either 10am-12pm, or, 1pm-3pm.  All properties except one are vacant and Realtors can schedule client showings through ShowingTime and access through Supra lockbox.  Note:  5624 W CAMBRIDGE AVE, PHOENIX, AZ, 85035 is tenant-occupied and is NOT available for open house nor access.

• AUCTION LOT #1:  8447 W ROMA AVE, PHOENIX, AZ, 85037  (1:00 - 3:00 PM)

• AUCTION LOT #2:  7506 W MONTECITO AVE, PHOENIX, AZ, 85033  (10:00 AM - 12:00 PM)

• AUCTION LOT #3:  4240 N 63RD AVE, PHOENIX, AZ, 85033  (1:00 - 3:00 PM)

• AUCTION LOT #4:  6438 W FAIRMOUNT AVE, PHOENIX, AZ, 85033  (1:00 - 3:00 PM)

• AUCTION LOT #5:  5624 W CAMBRIDGE AVE, PHOENIX, AZ, 85035  (NONE-TENANT OCCUPIED)

• AUCTION LOT #6:  827 N 61ST AVE, PHOENIX, AZ, 85043  (10:00AM-12:00PM)

• AUCTION LOT #7:  6733 N 32ND AVE, PHOENIX, AZ, 85017  (10:00AM-12:00PM)

Sale Contract:  Bidder should carefully read and understand the Real Estate Purchase Contract before bidding at the auction, a copy of which is available for download at AZRealEstateBid.com. The Property will be offered subject to the terms of the Purchase Contract, which is not negotiable, and no addition, deletion or revision will be permitted.

Title Insurance + Closing Costs:  An Owner’s Title Insurance policy will be provided at the Seller’s expense providing the Buyer with clear title.  The property will be conveyed by a Special Warranty Deed.  Real estate taxes will be prorated to the day of closing.  The Escrow Fee will be split evenly between Seller and Buyer.  The Seller will pay its customary closing fees with all other fees payable by the Buyer.  If applicable, the Seller will pay the HOA Disclosure fee with any other HOA fees paid by the Buyer.

Title Company:  Endpoint Closing, Inc. will handle the escrow and closing process.

Endpoint Closing, Inc 

4237 N. Craftsman Court, Suite 205 

Scottsdale, AZ 85251

(602) 610-1242

closing.az@endpoint.com  

Monday - Thursday, 7am - 7pm MT 

Friday, 7am - 5pm MT

Questions?  We are just a phone call or email away!  We want to help you understand the auction process and the property, so you are prepared to bid and buy at auction.  Please contact JP Pino for property specific questions.  Please contact Stewart Larsen or John Payne with auction/bidding related questions.  Please review the auction and property information available at AZRealEstateBid.com.  

Happy Bidding!

“JP” Jesus Pino / MMRE Advisers

C: 602.478.4647 | E: JPino@PinoRealEstate.com 

Stewart Larsen / The Larsen Company Real Estate and Auctions

O: 480.844.1221 | C: 480.861.2530 | E: slarsen@thelarsencompany.com 

John Payne / United Country Real Estate – Arizona Property & Auction 

O: 480.422.6800 | C: 602.315.4104 | E: john@UnitedCountryAZ.com

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