Sells with a low reserve of $225,000.00.
Over $150,000.00 less than the tax value.
An excellent opportunity to own a country estate with an income producing apartment, plus an extra building suitable for a home based business,
gallery or hobby shop.
Open House (real estate only):
Sun. September 21 - 2-4 p.m.
Thurs. September 25 - 5-7 p.m.
Sun. September 28 - 2-4 p.m.
Individual showings & complete auction brochure available by contacting the Real Estate representative:
Wayne Murphy, REALTOR
Edina Realty, Annandale
763.300.7373
Terms & Conditions: Bidder Registration: Although there is no obligation to bid, all prospective buyers MUST register to bid at the auction.
Down Payment: $10,000 non-refundable earnest money down on purchase agreement day of auction.
Closing: Closing on this property shall take place on or before October 30, 2008, the date of closing and possession. Buyers wishing to close earlier will be accommodated. Possession of lower level apartment subject to existing rental agreement.
Failure to close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited.
Title: This property will be sold free & clear from any & all liens & encumbrances, but subject to any zoning, environmental, or other municipal, federal & state laws, easements, rights of way or other matters of record.
Seller & Auctioneers Disclaimer: All announcements made by the auctioneer shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding & decisions as to the high bidder will be at the direction & sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection & verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents. Property sells in “as is” condition & sellers disclosure will be provided.
Terms: $10,000 non-refundable earnest money down on purchase agreement the day of auction. Cash, personal, & company checks or certified funds will be accepted. Balance in full due on or before October 30, 2008, the date of closing & possession. Buyers wishing to close early will be accommodated. Buyers to have financing arrangements made prior to the auction with no contingencies of any kind accepted on day of auction. This property sells with a low reserve of $225,000.00 and sells absolute over and above that amount. Real Estate taxes and rent will be prorated to the date of closing. An 8% buyers premium applies on this property & shall be made part of the purchase price. Example: Bid price: $300,000.00 plus 8% buyers premium, Purchase price: $324,000.00. 1031 tax exchange language can be included in the purchase agreement at the buyers request, however, any 1031 tax exchange shall not alter the terms, conditions, or closing date of this transaction.
Taxes: 2008 Real Estate taxes will be prorated between the buyer and seller.
Agency Disclosure: Fahey Sales Auctioneers & Appraisers & Edina Realty represent the seller in this real estate transaction. Dual agency may apply.
Broker Participation Accepted But Not Required: A 2.7% referral fee will be paid to the buyers agent that registers their client with the auction company prior to 5:00 p.m. Sunday, September 28, 2008. Buyers agents must accompany clients to all showings and/or open houses and to the auction to receive the referral fee. Contact auction company or real estate representative or see supplement on the regional MLS for required registration forms.
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