3 Bed 1 Bath Home: 1623 N Terrace Dr, El Dorado, KS 67042
* ONLINE ONLY AUCTION *
* BIDDING OPENS SEPTEMBER 16 *
PROPERTY ADDRESS: 1623 N Terrace Dr, El Dorado, KS 67042
PROPERTY DESCRIPTION: 3 bed 1 bath home in NE El Dorado. Home provides 1,048 square feet of finished living space. Property is within walking distance to Rice Park and the bike path. Water heater replaced 2025, HVAC 2019, roof 2018. Kitchen refrigerator will transfer. Currently rented for $775 per month on a month-to-month lease. $750 security deposit will transfer. Property is in flood plane, water damage from the June 3 2025 flood has been remediated. Property would make a great owner occupant candidate or add it to your portfolio. Invest In Real Estate! Owner is licensed real estate broker in the state of Kansas.
LEGAL DESCRIPTION: Lot 11, Block 8, C.L. STONE ADDITION, to the City of El Dorado, Butler County, Kansas
2024 REAL ESTATE TAXES: $1,426.82
EARNEST MONEY: $5,000
TITLE INSURANCE SEARCH REPORT
REAL ESTATE PURCHASE CONTRACT
REAL ESTATE AUCTION TERMS: Bidding will close at 4:00 PM on Tuesday September 23, 2025 or once no additional bids have been placed for 2 minutes. There will be a 10% buyers premium added to the high bid to determine the contract price. The successful high bidder shall be required to sign the real estate purchase contract linked above immediately following the conclusion of the auction and be purchasing the property subject to the preliminary title search report also linked above. Non refundable earnest money is $5,000 due immediately following the conclusion of the auction. The balance of the purchase price shall be due upon Sellers submission of merchantable title and closing. Closing date shall be on or before October 23, 2025. 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 selling “as is”, not subject to financing, inspections, or appraisal. All pertinent information is available upon request.
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