Name ABSOLUTE Real Estate Auction - East Chicago, IN
Auctioneer Kraft Auction Service
Date(s) 5/20/2017
Preview Date/Time One hour prior to auction
Location 3906 Fir Street
East Chicago, IN 46312
Buyer Premium 10% or $3500, whichever is greater
Description
Absolute Real Estate Auction Saturday May 20, 2017 3:00pm CDT Located at 3906 Fir Street East Chicago, IN. From US 12/ Cline Ave exit onto Columbus Drive and go .8 miles to Fir Street. Turn north and go .2 miles to home on west side of the road. "Watch for Kraft Auction Signs!" Selling to highest bidder regardless of price is this fixer upper in East Chicago. Home could be a possible multi unit or very large single family home. Home was built in 1918 and features over 1700 square feet of space, 4 bedrooms, and 1 bath. Home is waiting to be finished, but much of the work has been started. Basement has an additional 800 square feet of space. This is a perfect home for an investor or handy man. Taxes 2016 Pay 2017: $840.44 (taxed at 2% rate). Home will be open for inspection one hour prior to auction! Owner: Serf Huts Solo 401K Trust Terms: Cash payment immediately at conclusion of the auction, sold as is, quit claim title day of sale, possession at auction, taxes pro-rated and final to day of sale, absolute auction, and subject to a $3,500 buyer's premium.. Kraft Auction Service LLC Col. Conrad Kraft- AU01032667 Jonathan Kraft – AU10500173 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com
Terms: Cash payment immediately at conclusion of the auction, sold as is, quit claim title day of sale, possession at auction, taxes pro-rated and final to day of sale, absolute auction, and subject to a $3,500 buyer's premium..
Currency USD
Buyer Premium 10% or $3500, whichever is greater
Payment Terms
DOWN PAYMENT:$5,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500, will be added to the final bid price of the property. APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.