Real Estate Auction, 619 N. Gordy, El Dorado, Ks

AUCTION DATE:  Wednesday February 11, 2015 5:00 P.M.
AUCTION LOCATION:  619 N. Gordy, El Dorado, Ks 67042.

PROPERTY DESCRIPTION:  3 bedroom 1 bath home with a 25' x 22' detached garage built in 1900.  This property sits on a 90' x 155' lot with rear ally access.  This property would make a good project or an excellent place to build a building.  It is currently zoned residential, but there is commercial property on all sides of the property.

LEGAL DESCRIPTION:  Lot 79 on Settler Street (now Gordy Street) and commencing at the Northeast corner of said Lot 79 on Settler (now Gordy), E.L. LOWERS ADDITION to the City of El Dorado, Butler County, Kansas; North 87 1/2 feet South of North line of Section 2, Township 26, Range 5 East; West to a point due North of the Northwest corner of Lot 79; thence East to the place of beginning.

2014 REAL ESTATE TAXES:  $681.32.

TERMS:  A 10% buyers premium will be added to the high bid to determine the contract price on the real estate.  Earnest money is $1,000 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 February 27, 2015. 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.  All announcements made the day of the auction take precedence over any other announcements or printed material.