820 W. 6TH Ave., El Dorado, KS 67042 – Online Only Real Estate Auction
* ONLINE ONLY AUCTION *
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ALL PROPERTIES AVAILABLE FOR VIEWING WEDNESDAY SEPTEMBER 6 5-7PM
PROPERTY ADDRESS: 820 W. 6th Ave., El Dorado, KS 67042
PROPERTY DESCRIPTION: 3 bedroom 1 bath house, 1089 square feet of finished living area, built in 1900 according to Butler County. There is a 2 car attached garage. Large .9 acre lot offers possible commercial potential.
CURRENT RENT: $1020/month. Tenant has lived here since 11/18/2022 and is currently on a month to month agreement.
DEPOSIT: $995 will transfer from the Seller to Buyer at Closing.
LEGAL DESCRIPTION: Beginning at the Southeast Corner of Section 34, Township 25 South, Range 5 East of the 6th P.M., Butler County, Kansas; thence West 290 feet for a place of beginning, thence West 150 feet, thence North 300 and 12/29ths feet, thence East 150 feet, thence South 300 and 12/29ths feet to the place of beginning. Subject to public road.
2022 REAL ESTATE TAXES: $1013.52 plus $36.00
EARNEST MONEY: $5,000
REAL ESTATE PURCHASE CONTRACT
PRELIMINARY TITLE INSURANCE
TERMS: There will be a 10% buyers premium added to the high bid to determine the contract price on each tract. The successful high bidder shall be required to sign the real estate purchase contract linked above immediately following the conclusion of the auction, and they will be purchasing the property subject to the preliminary title insurance also linked above. Earnest money is specified above and due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before October 18, 2023. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. All pertinent information is available upon request. Tenancy subject to change.
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