1316, 1400 & 1402 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 ADDRESSES: 1316, 1400 & 1402 W. 6th Ave., El Dorado, KS 67042
PROPERTY DESCRIPTION: Package Deal! 2 homes and vacant 65′ x 100′ lot. 1316 W 6th is a 2 bedroom 1 bath home currently under renovation, 1272 square feet of finished living area, built in 1930 according to Butler County. There is a 24′ x 22′ detached garage. 1402 W 6th is a 2 bed 1 bath home, 2405 square feet of finished living area, built in 1910 according to Butler County. This 1.3 acre lot offers possible commercial potential.
CURRENT RENT: 1402 W 6th – $850/month, tenant has lived here since 7/21/2022 and is currently on a month to month agreement. 1316 W 6th – $850/month, tenant is month to month
DEPOSIT: 1402 W 6th – $850 will transfer from the Seller to Buyer at Closing. 1316 W 6th – None
LEGAL DESCRIPTION: Commencing at the Southeast Corner of Section 34, Township 25 South, Range 5 East of the 6th P.M., in El Dorado, Butler County, Kansas; thence on an assumed bearing of South 90 ° West, a distance of 2104.17 feet, along the South line of Section 34, to the Point of Beginning; thence North 00 °06’14” West, a distance of 198.60 feet; thence South 89 °52’03” East, a distance of 323.73 feet; thence South 23 °22’18” East, a distance of 77.86 feet; thence South 02°59’47” East, a distance of 127.99 feet to a point on the South line of said Section 34; thence West 358.93 feet, more of less, to the Point of Beginning, Subject to public road.
2022 REAL ESTATE TAXES: $2782.90 plus $72.00.
EARNEST MONEY: $10,000
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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