$310,750 Bid Takes Former Beeghly Property at Auction
Poland, Ohio – A local bidder was the winner of an online auction for a secluded single-family residence built by business and community leaders Bruce and Nancy Beeghly, Byce Auction of Youngstown reported today.
The winning bid for the property, 5700 Clingan Road, was $310,750 for the auction, which closed at 4 p.m. Wednesday.
The Beeghlys, who built the home in 1993, later donated the property to Mill Creek MetroParks. Mahoning County records show the tax value of the property is $455,780 and annual property taxes are $9,196.
The property, which includes a 4,417-square-foot house on 5.9 acres with a private lighted drive, received 23 bids from nine bidders, including one from as far away as California.
Jeff Byce, president of Byce Auction, said he could not disclose the identity of the winning bidder. The name will be released upon recoding of the deed.
Per the terms of the sale, the high bidder will be required to make a $30,000 deposit and the contract will be submitted for confirmation. Upon final confirmation by Mahoning County Probate Court, the high bidder will have 60 days to pay the balance and close on the property.
Proceeds from the sale will be dedicated to the upcoming redevelopment project at Ford Nature Center in Youngstown, the park district said last month.
Copyright 2024 The Business Journal, Youngstown, Ohio.