737 Tecumseh St, Toledo, Ohio: A $35,000 Four-Bedroom Renovation Opportunity

Finding a four-bedroom home at a relatively low asking price can attract considerable attention, particularly when the property offers a practical floor plan, a garage, outdoor space, and the possibility of renovation. A property at 737 Tecumseh St, Toledo, OH 43604 is currently being marketed as a renovation opportunity with a minimum bid of $35,000.

Built in 2002, this traditional-style single-family residence offers approximately 1,586 square feet of living space, four bedrooms, two full bathrooms, an attached one-car garage, a partial basement, a laundry area, a spacious kitchen, and a fenced yard.

Unlike a conventional fixed-price home sale, this property is being offered through an auction process. The listing states that a 10% buyer’s premium applies, along with a $5,000 non-refundable earnest money deposit. The purchase is described as noncontingent, with closing required within 21 days.

For buyers and investors, these terms make it particularly important to understand the property condition, auction requirements, potential renovation costs, and financing options before participating.

Property Overview

The property at 737 Tecumseh St is listed with a minimum bid of $35,000.

The home provides approximately 1,586 square feet of interior living space and sits on a 4,356-square-foot lot measuring approximately 40 by 110 feet.

The residence was constructed in 2002 and has a traditional architectural style.

Key Property Details

• Address: 737 Tecumseh St, Toledo, OH 43604
• Minimum Bid: $35,000
• Bedrooms: 4
• Bathrooms: 2 full bathrooms
• Living Area: 1,586 square feet
• Lot Size: 4,356 square feet
• Lot Dimensions: Approximately 40 x 110 feet
• Year Built: 2002
• Stories: Two levels
• Architectural Style: Traditional
• Garage: Attached one-car garage
• Basement: Partial
• Heating: Forced air, natural gas
• Cooling: None listed
• Water: Public
• Sewer: Public
• HOA: None
• Annual Property Tax: $1,022 according to the listing
• Tax Assessed Value: $39,900
• Price Per Square Foot: Approximately $22 based on the minimum bid

The property is being sold AS-IS, WHERE-IS, making the buyer’s inspection and due diligence particularly important.

Four-Bedroom Floor Plan

One of the most attractive characteristics of 737 Tecumseh St is its four-bedroom layout.

The home includes a bedroom and full bathroom on the main level, while three additional bedrooms are located upstairs.

According to the listing information, the upper bedrooms measure approximately:

• Bedroom 2: 10 x 12 feet
• Bedroom 3: 10 x 12 feet
• Bedroom 4: 12 x 11 feet

The main-level room identified in the listing measures approximately 12 x 11 feet.

This arrangement can work well for households that prefer a main-floor bedroom while keeping additional bedrooms upstairs.

A main-floor bedroom can potentially serve as a guest room, office, or bedroom for someone who prefers to avoid stairs.

The three upstairs bedrooms create a separate sleeping area for other household members.

Two Full Bathrooms

The property includes two full bathrooms.

The listing specifically indicates a full bathroom on the main level.

Having two bathrooms is a practical feature for a four-bedroom home because it can reduce congestion during busy mornings and provide greater flexibility for families and guests.

Because the property is being sold as a renovation opportunity, prospective buyers should inspect both bathrooms carefully.

Important areas to examine include plumbing fixtures, water pressure, drains, toilets, sinks, flooring, walls, ventilation, and signs of moisture.

If substantial remodeling is needed, buyers should obtain accurate estimates before determining how much they are prepared to spend on the property.

Main-Floor Bedroom

A main-floor bedroom is one of the home’s useful layout features.

The listing identifies a main-level room measuring approximately 12 x 11 feet.

Depending on the buyer’s needs and the room’s current condition, it could function as a traditional bedroom or potentially serve another purpose if permitted by local requirements.

For households planning to use the room as a bedroom, buyers should verify the applicable egress, window, ventilation, and safety requirements.

This is particularly relevant in renovation projects because changes to room usage may require additional work.

Three Bedrooms Upstairs

The second floor contains three additional bedrooms.

Two of the rooms are approximately 10 x 12 feet, while another is approximately 12 x 11 feet.

This gives the property a relatively straightforward separation between the main living level and the upstairs sleeping areas.

The upstairs rooms could accommodate children, guests, roommates, or home-office arrangements depending on the owner’s needs.

Potential buyers should inspect flooring, walls, ceilings, windows, electrical outlets, doors, and other components throughout the upper level.

Functional Kitchen

The home includes a kitchen on the main floor.

The listing describes the kitchen as spacious and indicates dimensions of approximately 8 x 7 feet in the available property data.

A refrigerator is listed among the included appliances.

Because the property requires renovation, the condition of the kitchen should be evaluated carefully.

Potential buyers should consider the cabinets, countertops, flooring, plumbing, electrical outlets, lighting, appliances, and overall layout.

Depending on the condition, the kitchen may require anything from cosmetic updates to more extensive renovation.

Laundry Area

Laundry facilities are listed as being located in the basement.

Having a designated laundry area can be convenient, but buyers should inspect the basement and laundry connections carefully.

Important considerations include the condition of water supply lines, drainage, electrical connections, dryer ventilation, and any evidence of previous leaks.

The partial basement may also provide additional utility or storage space, although it should not be assumed to be finished living space.

Partial Basement

The property includes a partial basement.

Unlike a full finished basement, a partial basement may primarily provide mechanical, storage, and laundry space.

The condition of a basement can be especially important in a renovation property.

Buyers should look for signs of water intrusion, dampness, cracks, damaged masonry, mold, poor drainage, or other issues.

The basement should also be checked for the condition of electrical systems, plumbing connections, heating equipment, and other utilities.

Any plans to finish or convert basement space should be reviewed in relation to local building regulations.

Attached One-Car Garage

737 Tecumseh St includes an attached one-car garage.

An attached garage can provide convenient parking and additional storage.

The listing indicates one garage space and also identifies driveway and street parking.

For buyers who own multiple vehicles, the combination of driveway and street parking may provide additional options, subject to local parking rules.

The garage should be inspected for the condition of its door, opener, walls, roof connection, electrical system, floor, and structural components.

Fenced Yard

The property sits on a 4,356-square-foot lot and includes a fenced yard.

A fenced outdoor area can be useful for pets, children, recreation, gardening, privacy, and outdoor activities.

The lot dimensions are approximately 40 by 110 feet, providing a relatively straightforward residential parcel.

Before making an offer, buyers should verify property boundaries and inspect the condition of the fencing.

They should also determine whether the yard has any drainage issues or other conditions that could require future maintenance.

Built in 2002

One detail that separates this property from many low-priced renovation listings is its construction date.

The house was built in 2002.

While the property still requires renovation, a 2002 construction date means it is considerably newer than many older homes found in urban housing markets.

Nevertheless, buyers should not assume that every major system is in good condition simply because of the construction date.

The listing specifically states that the home needs a furnace and hot water tank, which are significant considerations for anyone evaluating the property’s total renovation budget.

Furnace Replacement Needed

The listing states that the property needs a furnace.

The home is designed for forced-air heating using natural gas.

Replacing a furnace can represent a meaningful renovation expense, and buyers should obtain current local estimates rather than relying on a generic cost assumption.

The total expense can depend on the size of the home, equipment efficiency, installation requirements, ductwork condition, permits, labor, and other factors.

A qualified HVAC professional can determine what type of system is appropriate for the property.

Hot Water Tank Replacement Needed

The listing also states that the home needs a hot water tank.

Hot water is essential for normal residential use, making replacement one of the key repairs that a buyer should account for.

As with the furnace, the actual replacement cost can vary depending on equipment type, capacity, installation requirements, plumbing, local codes, and labor.

Potential buyers should consider obtaining quotes before participating in the auction whenever possible.

No Central Air Conditioning Listed

The property information does not list central air conditioning.

The cooling section indicates none, meaning buyers should not assume that the property currently has a functioning central cooling system.

For homeowners who consider air conditioning essential, installing a system could become another renovation expense.

The feasibility and cost of adding central air should be discussed with an HVAC professional.

Flooring and Interior Materials

The listing identifies several flooring types, including tile, vinyl, and hardwood.

Different flooring materials can provide different maintenance requirements and renovation considerations.

Hardwood may require refinishing or repairs, while vinyl and tile may need replacement depending on their condition.

Since the home is being sold as-is, buyers should inspect the floors throughout the property rather than assuming that all listed materials are in move-in condition.

Public Utilities

The property is connected to public water and public sewer.

The listing also indicates that electricity and natural gas are connected or available.

These utility connections are important for a residential renovation project.

Nevertheless, buyers should verify the operational condition of the electrical, plumbing, gas, water, and sewer systems.

A renovation can reveal problems that are not immediately obvious from a property listing.

No HOA

The property is listed as having no homeowners association.

This means there are no HOA dues or association rules listed for the property.

The lack of an HOA may provide flexibility for future improvements, landscaping, and exterior modifications.

However, municipal zoning, building codes, permits, and other local regulations still apply.

Anyone planning significant renovations should verify the necessary approvals before beginning work.

Understanding the Auction

The sale process is one of the most important aspects of this listing.

The property is advertised with a minimum bid of $35,000 rather than simply being presented as a conventional fixed-price transaction.

The listing states that a simulcast auction is scheduled for Thursday, September 24 at 6:00 PM, with registration beginning at 5:00 PM.

It also states that pre-auction offers are accepted.

Potential buyers should carefully review the complete auction terms before participating.

An auction purchase can have different requirements from a conventional home purchase, particularly regarding deposits, contingencies, inspection periods, closing deadlines, and financing.

10% Buyer’s Premium

The listing states that a 10% buyer’s premium applies.

This is an important cost to understand.

For example, if a hypothetical winning bid were exactly $35,000, a 10% buyer’s premium would equal $3,500 before considering other applicable costs.

That would bring the bid plus buyer’s premium to $38,500, before closing costs, taxes, inspections, renovation expenses, financing charges, and other potential expenses.

The actual amount paid can depend on the final winning bid and the specific auction terms.

$5,000 Non-Refundable Earnest Money Deposit

The listing also states that buyers are required to provide a $5,000 non-refundable earnest money deposit.

This is an important condition that potential bidders should understand before entering the auction.

Because the deposit is described as non-refundable, buyers should make sure they fully understand the consequences of failing to complete the purchase.

Anyone considering participation should carefully review the official auction terms and seek professional advice if necessary.

21-Day Closing Requirement

Another significant condition is the requirement for a noncontingent purchase with closing within 21 days.

This is a relatively short timeline for arranging a real estate transaction.

Buyers using financing should speak with their lender before bidding to determine whether the financing process can accommodate the required closing schedule.

Cash buyers may have fewer financing-related steps, but they should still prepare for inspections, title work, documentation, and closing requirements.

AS-IS, WHERE-IS Sale

The property is being sold AS-IS, WHERE-IS.

This phrase is particularly important for renovation properties.

It generally means the buyer should not expect the seller to make repairs before closing and should evaluate the property in its current condition.

Potential buyers should inspect the home thoroughly and estimate renovation costs before determining their maximum bid.

The advertised $35,000 minimum bid should therefore not be confused with the total amount required to make the property comfortable or fully updated.

Renovation Budget Considerations

Anyone considering 737 Tecumseh St should create a detailed renovation budget.

Known issues from the listing include the need for a furnace and hot water tank.

Additional expenses may arise after inspection.

Potential categories include:

• Furnace replacement
• Hot water tank replacement
• Electrical repairs
• Plumbing repairs
• Kitchen improvements
• Bathroom repairs
• Flooring
• Interior painting
• Windows and doors
• Roof maintenance
• Garage repairs
• Basement work
• Landscaping
• Fencing
• HVAC improvements
• Permits and professional services

Not every property will require all of these repairs, so the actual budget should be based on a professional inspection and contractor estimates.

Potential Uses for the Property

A four-bedroom home can serve a variety of household needs.

An owner occupant could use the property as a primary residence after completing the necessary repairs.

The four-bedroom configuration may also provide room for a home office, guest room, hobby room, or other flexible space.

Investors may also consider the property, depending on local rental demand and the total cost of acquisition and renovation.

However, potential rental income should be researched independently rather than assumed from the number of bedrooms.

Investors should analyze comparable rents, property taxes, insurance, maintenance, vacancy, management costs, financing, and renovation expenses.

What Buyers Should Inspect Before Bidding

Because of the auction structure and as-is sale, inspection and due diligence are particularly important.

Potential buyers should consider examining:

Structural Condition

Check the foundation, framing, floors, walls, ceilings, and other structural elements.

Roof

Determine the age and condition of the shingle roof.

Furnace

The listing already identifies the furnace as needing replacement, so obtain a professional estimate.

Hot Water System

Confirm the condition and replacement requirements for the hot water tank.

Electrical System

Inspect the service panel, wiring, outlets, switches, and overall electrical capacity.

Plumbing

Check pipes, fixtures, drains, water pressure, and visible signs of leaks.

Basement

Inspect for moisture, cracks, drainage issues, and structural concerns.

Garage

Review the condition of the attached garage and its connection to the house.

Exterior

Inspect the brick, vinyl siding, fencing, doors, windows, and exterior drainage.

Property Taxes and Ongoing Costs

The listing reports an annual property tax amount of approximately $1,022, with a tax-assessed value of $39,900.

Property taxes are only one part of the cost of ownership.

A buyer should also budget for homeowners insurance, utilities, maintenance, repairs, and any renovation financing costs.

For an auction property, buyers should calculate the total acquisition cost rather than focusing solely on the minimum bid.

Why the Property Has Attracted Attention

The listing information indicates substantial online interest, with approximately 4,997 views and 412 saves on Zillow at the time of the supplied information.

The platform also indicated that the property was likely to sell faster than 98% of nearby properties according to its internal estimate.

These figures reflect listing-platform activity and should not be interpreted as a guarantee of a particular sale price or auction result.

The combination of a four-bedroom layout, relatively recent 2002 construction, garage, fenced yard, and $35,000 minimum bid likely makes the listing notable to people searching for affordable renovation opportunities.

Final Thoughts

737 Tecumseh St in Toledo, Ohio, is being presented as a renovation opportunity with a minimum bid of $35,000.

The property offers approximately 1,586 square feet, four bedrooms, two full bathrooms, an attached one-car garage, a partial basement, a fenced yard, public utilities, and a traditional layout.

The home was built in 2002, which is relatively recent compared with many older residential properties. However, the listing specifically states that the property needs a furnace and hot water tank and is being sold AS-IS, WHERE-IS.

The auction terms are equally important. The listing states that a 10% buyer’s premium applies, a $5,000 non-refundable earnest money deposit is required, and the purchase is noncontingent with closing within 21 days.

For anyone considering this property, the most important step is to understand the complete financial commitment. The minimum bid is only the starting point. Buyers should also account for the buyer’s premium, closing costs, inspection expenses, furnace replacement, hot water tank replacement, and any additional repairs discovered during due diligence.

The property’s four-bedroom configuration, two full bathrooms, garage, fenced yard, and practical two-level floor plan give it several useful characteristics. At the same time, the auction format and required repairs mean that careful preparation is essential.

Prospective buyers should review the official auction terms, inspect the property, verify financing arrangements, obtain renovation estimates, and confirm all applicable requirements before participating.

For buyers searching for an affordable home in Toledo with renovation potential, 737 Tecumseh St represents a property where the final value will depend heavily on the condition of the home, the winning auction price, and the cost of completing the necessary improvements.

 

From Zillow