431 N. State St., 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: 431 N. State St., El Dorado, KS 67042
PROPERTY DESCRIPTION: 2 bedroom 1 bath house, 960 square feet of finished living area, built in 1920 according to Butler County. There is a 35′ x 25′ detached garage.
CURRENT RENT: $600/month. Tenant has lived here since 9/12/2022 and has a lease until 4/30/2024.
DEPOSIT: $600 will transfer from the Seller to Buyer at Closing.
LEGAL DESCRIPTION: Surface Only: Beginning at a point 1691.86 feet North and 772 feet West of the Southeast Corner of the West Half of the Northwest Quarter of Section Numbered 3, Township Numbered 26 South, Range Numbered 5 East of the 6th P.M., Butler County, Kansas; said point being on the West Boundary of a roadway, thence West 150 feet, thence South 75 feet, thence East 150 feet to the West Boundary of said roadway, thence North 75 feet to the place of beginning EXCEPT the North 2 feet thereof.
2022 REAL ESTATE TAXES: $1,017.62 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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