Online Only Auction: 3 Bedroom 1 Bath Home – 507 S. Emporia St., El Dorado, Kansas 67042
* ONLINE ONLY AUCTION *
* BIDDING OPENS JANUARY 4 *
The Estate of Simon Schippers, Seller
PROPERTY ADDRESS: 507 S. Emporia St., El Dorado, Kansas 67042
PROPERTY DESCRIPTION: 3 bedroom 1 bath home located in El Dorado, Kansas. There are 1191 square feet of finished living area on the main level, with a partial unfinished basement as well. The master bedroom has oak hardwood floors, a large walk in closet, and several built-ins. A large amount of remodeling has been completed on this house, and there are still some projects left unfinished. There is a dining room open to the kitchen, and a large living room area. Replacement windows have been installed throughout. This house is another great candidate for an owner occupant, investor, or high end rental buyer! Invest In Real Estate!
LEGAL DESCRIPTION: The north 44 feet of Lot Numbered 2, Block Numbered 24, Wilson’s Addition to the Town, now City of El Dorado, Butler County, Kansas.
2021 REAL ESTATE TAXES: $1141.58
EARNEST MONEY: $10,000
TITLE INSURANCE SEARCH REPORT
REAL ESTATE PURCHASE CONTRACT
REAL ESTATE AUCTION TERMS: Bidding will close at 4:00 PM on Wednesday January 11, 2023 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 $10,000 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 February 13, 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 selling “as is”, not subject to financing, inspections, or appraisal. 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.
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