In Contract Prior to Auction - $154,000
340 Madison St, Groveport OH 43125
On-Line Auction! Groveport Charm Awaits Your Vision at 340 Madison St. Opportunity knocks for investors, flippers, and homeowners looking to customize their dream home! Situated in the heart of Groveport, this Cape Cod 3-bedroom, 1.5-bathroom single-family home on a generous 0.47-acre lot is going to Auction on Sunday, December 7 and begins to end at 7PM. Property sells As-Is with Reserve ($140,000.00).
On-Line Auction! Groveport Charm Awaits Your Vision at 340 Madison St. Opportunity knocks for investors, flippers, and homeowners looking to customize their dream home! Situated in the heart of Groveport, this Cape Cod 3-bedroom, 1.5-bathroom single-family home on a generous 0.47-acre lot is going to Auction on Sunday, December 7 and begins to end at 7PM. Property sells As-Is with Reserve ($140,000.00).
Built in 1940 this property offers substantial potential, located on approximately 0.47 acre city lot with 1,483 living area. 3-Beds, 1-1/2 Baths, Detached 2-Car Garage, Picturesque Lot, 2024 Homestead Taxes = $3112.14. Please review Documents and Photos.
Open Houses:
Call to Show or Visit the Open House:
Sunday, November 23rd from 12:00 PM to 2:00 PM
Auction Date & Time: Sunday, December 7, 2025 at 7:00 PM
Address: 340 Madison St, Groveport, OH 43125
Auction Type: With Reserve
Reserve: $140,000
Building SQ Ft: 1483
Year Built: 1940
Lot Size: 0.47+/- acres
MLS #:
Parcel Number: 185-000683
County: Franklin - Township: Madison
Tax Amt: $3112 (Homestead)
Tax Year: 2024
Stories: Cape Cod
Buyer broker fee amount: 3
Buyer Broker Fee Type (% or $): Paying % Buyer Broker Fee
The following is a summary of the Terms and Conditions for this auction for real estate situated at 340 Madison St, Groveport, OH 43125 (the “Property”), being sold on 12/07/2025 (the “Auction”).
The undersigned Bidder agrees to abide by the Terms and Conditions of the auction and will execute the real estate purchase agreement. If you have not read and reviewed the Terms and Conditions, do not bid. In connection with the Terms and Conditions, and without limiting the same, Bidder understands the following:
A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
B) Successful Bidder will be required to enter into the purchase agreement as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of $5,000 by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.
F) The sale is not contingent upon a satisfactory inspection.
G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
H) Closing to occur on or before 1/09/2026.
I) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
J) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
K) There is a 10% (Ten) Buyer’s Premium added to your final bid to determine the final purchase price.
By executing this document, the Bidder acknowledges receipt of the Terms and Conditions and agrees to purchase the property if they are the highest bidder. In the event the Buyer fails to act in accordance with the Terms and Conditions, the Seller and/or Auctioneer reserve the right to commence proceedings to recover actual damages, including reasonable attorney fees, and may also ban the Buyer from participating in future auctions.
Groveport, Ohio 43125
United States
A buyer broker fee is being paid for this auction. The buyer broker fee is 3%. Please contact the auctioneer for more information. If you are representing a buyer in this auction, please send the auctioneer a signed and completed agency disclosure prior to your buyer submitting a bid.
David A. Flood is licensed by the Ohio Department of Agriculture and under the recovery fund by the State of Ohio. An aggrieved person may initiate a claim against the auction recovery fund created in Section 4707.25 of the Revised Code as a result of the licensee’s actions.
Ohio Department of Agriculture
8995 E. Main Street, Bldg. 1
Reynoldsburg, OH 43068