EL DORADO, KS MULTI-PROPERTY REAL ESTATE AUCTION (4)

AUCTION DATE:  Thursday July 10, 2014 6:30 P.M.
PROPERTY LOCATION:  720 S. Star, El Dorado, Ks.  Auction will be held on-site.

PROPERTY DESCRIPTION:  Great investment property with a large kitchen, 2 bedroom 1 bath, a detached 1 car garage and a storage building.  The location and access is great.  This property sits on a nice corner lot with frontage on Star St., access off of the SW Trafficway, and rear alley access.  Could have future commercial value down the road!
LEGAL DESCRIPTION:  Beginning at the Southwest Corner of Block 39, ORIGINAL Town, now City of EL DORADO; thence North 52 feet, thence East 156 3/4 feet to the alley; thence South 52 feet to the South line of said block; thence West 156 3/4 feet to the place of beginning.
2013 REAL ESTATE TAXES:  $682.48 general taxes, $27.00 special taxes.
TERMS:  Earnest money for the real estate will be $2,500 due at the conclusion of the Auction and the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before August 11, 2014. 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. Interested buyers need to view the property prior to the date of the auction and have financing available prior to bidding.