Online Only Auction: 4848 NW Shumway – 7.2 Acre Building Site Near El Dorado and Towanda
*AUCTION WILL BE ONLINE ONLY*
Online bidding will begin on August 31!
PROPERTY DESCRIPTION: 7.2 acre building site located at 4848 NW Shumway Rd just off of HWY 196. Property is 994′ deep and offers 330′ of road frontage. Centrally located is a pond surrounded by pasture. This property is shovel ready for your project! Located less than 1 mile from HWY 196 offering easy access to El Dorado and surrounding communities. Butler Rural Water #7 has an 8″ water line on Shumway Rd.
2020 REAL ESTATE TAXES: $23.38
EARNEST MONEY: $2,500
TITLE INSURANCE COMMITMENT
REAL ESTATE PURCHASE CONTRACT
TERMS: Bidding will close at 4:00 PM on Thursday September 9 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 and be purchasing the property subject to the preliminary title insurance commitment also linked above. Non refundable earnest money is $2,500 due within 24 hours after the conclusion of the auction via wire transfer or check delivered to 218 E Central Ave, El Dorado Kansas. The balance shall be due upon Sellers submission of merchantable title and closing. Closing date shall be on or before October 11, 2021. 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, 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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