Monday, October 02, 2023
United Country Great Plains Auction & Real Estate
REAL ESTATE TERMS & CONDITIONSTerms and Conditions for Auction of 1015 State St., Emporia, Kansas???1) Auction FormatAll bidding for this auction is internet only.?The auction will use a timed-bidding format where the bidding will start closing at the designated date and time and will use a ?soft close? format; bidding will continue, and lot will not close until no bids have been entered within a specified amount of time.2) Buyer?s PremiumA 10% Buyer?s Premium will be added to the high bid to determine the total purchase price of the property.3) RegistrationAll bidders must print off and sign "Terms & Conditons" document (shown below) and submit a bank letter of credit to obtain approval to register and bid in this auction. Potential bidders may submit documents electronically to [email protected], by US mail, or drop off at auction-company office at 2810 W. Hwy. 50, Emporia, KS 668014) Earnest Money DepositSuccessful bidder will sign a purchase agreement and submit the NON-REFUNDABLE amount of twenty-five percent (25%) of the high bid at auction, in the form of a personal check, a business check or cashier?s check and made payable to Lyon County Title.Earnest-deposit funds will be deposited into title company?s escrow account.Said Escrow Company shall also handle all closing matters.?Balance shall be due and payable, in certified funds, at closing of escrow.5) Close of Escrow to occur on or before November 3, 2023. Time is of the essence in this transaction.6) Property is offered and is accepted by buyer(s) in current ?as-is? condition with any and all faults and with positively NO CONTINGENCIES.7) This is a ?Minimum Starting Bid? auction. The property will go under contract and title will transfer to the highest bidder at or above the starting bid of two-hundred thousand ($200,000) dollars.8) Plats shown herein and the description of any improvements are for?informational purposes only, and no representations, warranties, or guarantees?are made concerning locations, dimensions, or tract size or nature, quality or?suitability for use of the tract for any improvements. All information, concerning?property has been gained from Lyon County courthouse records.9) The property shall transfer by Deed that is acceptable by Title Company,??subject to seller obtaining merchantable title free and clear of all liens.?Seller and Buyer will split the cost of owner?s policy of title insurance and title?agent?s closing fee, only, 50/50. No other closing costs or title insurance?costs will be paid by the seller.10) Once bidding is declared closed by auctioneer, there shall be no further bidding.11) Auctioneer and/or seller reserves the right to withdraw the property prior to?auction.12)?United Country ? Great Plains Auction & Real Estate listing broker Lance?Fullerton is a seller?s agent in this transaction and represents the seller not the?buyer.12) All buyer brokers/agents must register no later than forty-eight (48) hours prior?to scheduled start time of auction on form provided by auctioneer and be present at?closing with their client(s) to receive compensation.??
1015 State Street, Emporia, KS
Beautiful and Spacious Historic Home Selling at Internet Auction in Emporia, Kansas on Monday, October 2, 2023 ~ 5:00pm CT.OPEN HOUSE - THURSDAY SEPTEMBER 14, 2023 ~ 6:00 - 8:00pm CTLow Minimum Starting Bid ~ $200,000 Property Will Sell To The Highest Bidder At Or Above The Opening Bid!Auction Conducted by United Country - Great Plains Auction & Real Estate and Swift-N-Sure Auctions & Real Estate
Lot #: 1
6 Bedroom/3.5+ Bath Historic HomeSpacious, historic home featuring 6 bedrooms, 3.5+ bathrooms, a formal dining room, 6 fireplaces, all-original pocket doors, a grand front staircase with large stain glass window at the first landing, lead glass windows, gorgeous all-original woodwork, light fixtures, and hardware. There is also a 12x43 covered front porch, a 7.5x22.5 enclosed porch, a 10x12.5 sleeping porch, outside spiral staircase between the upper floors, an in-ground swimming pool, and an oversized garage with workshop.2022 Property Taxes - $3,419.80