EL DORADO, KS MULTI-PROPERTY REAL ESTATE AUCTION (5)

AUCTION DATE:  Thursday July 10, 2014 7:00 P.M.
PROPERTY LOCATION:  1308 S. High, El Dorado, Ks.  Auction will be held on-site.

PROPERTY DESCRIPTION:  Great investment property with 2 bedrooms 1 bath, a detached 30' x 25' metal building w/ a concrete floor built in 1999 and a storage building.  The location and access is great.  Curb appeal is attractive with nice landscaping.  
LEGAL DESCRIPTION:  Beginning 315 feet South of the Northwest Corner of the Southwest Quarter of the Southwest Quarter of the Northwest Quarter of Section 11, Township 26 South, Range 5 East of the 6th P.M.; thence East 219 feet, thence south 75 feet, thence West 219 feet, thence North 75 feet to the point of beginning, Butler County, Kansas.  Subject to public road.
2013 REAL ESTATE TAXES:  $836.62 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.