Green Street Real Eastate Auction – Topeka, Kansas

Monday, December 28, 2020

Town & Country Real Estate and Auction
(Herein known as "Auctioneer" or "Auction Company") Terms and Conditions for INTERNET-ONLY auction for 417 NE Green Street, Topeka, Kansas 66616. Bidding begins on Saturday, December 5, 2020 at 1:00 PM Central Time; Bidding begins to end on Monday, December 28, 20220 at 6:00 PM Central Time. 1. Property is offered "as-is" with any and all faults with positively no contingencies. Buyer is responsible for conduction their own due diligence, including any desired inspections, at Buyer's expense, prior to close of auction. 2. This is a "Minimum Opening" bid auction. After a minimum opening bid of $30.000.00 for 417 NE Green Street, Topeka, Kansas; seller agrees to sell the property to the highest and last bidder. 3. A 10% BUYERS PREMIUM WILL BE ADDED TO YOUR LAST AND HIGHEST BID TO DETERMINE THE CONTRACT PRICE. 4. THE WINNING BIDDER MUST BE ABLE TO CLOSE ON THE PROPERTY ON OR BEFORE THURSDAY, JANUARY 28, 2021. 5. Any description of any improvement is for informational purposes only, and no representations, warranties or guarantees are made concerning quality or suitability for use. 6. The property shall transfer by Deed that is acceptable by title company, subject to seller obtaining merchantable title, free and clear of any and all liens, Seller and Buyer will split the cost of title insurance and the closing agents fee 50/50. 7. Seller and Buyer will each pay a Transaction Fee of $125.00. 8. Once the bidding is closed, there shall be no further bidding. In the case of any disputes, the Auctioneer will use his judgment as to good faith of all claims and his decision is final. 9. Auction Company has the right to set the minimum acceptable bid increments. 10. All bidders are required to register online to participate in the auction. 11. If a bidder has an agent acting on their behalf that agent MUST fill out the "BUYER BROKER REGISTRATION FORM" and return it to the auction company no less than 24 hours prior to auction close and PRIOR to bidder registering for auction. In order to be eligible for compensation from auction company said agent MUST attend all document signings and closing. 12. Should a dispute arise after the auction, auctioneer's records shall be conclusive in all respects. 13. This is a privately owned and operated auction. We reserve the right to refuse participation to any person(s). No transfer shall be recognized from one buyer to another. 14. Auctioneer and/or seller reserves the right to withdraw the property prior to auction close. 15. Bidder does hereby indemnify and hold harmless Auctioneer/Real Estate salesman, broker, Auction Company and Seller from any and all damages, claims or liabilities from injuries to person or property of any type whatsoever, caused during auction. 16. Auction Company has full discretion to modify the date and time, order, and details of the sale of any asset of any auction for any reason or no reason at all, including but not limited to, technical issues, emergencies, and convenience of the Auction Company or the seller. 17. Auction Company and seller are not responsible for a bidder's inability to participate in this auction, including but not limited to, technical issues, Internet issues, personal ability, etc. 18. ANY BID SUBMITTED ONLINE CONSTITUTES A BINDING, OFFER TO PURCHASE AND AGREEMENT TO THE TERMS AND CONDITIONS, AS WELL AS AGREEMENT TO PERFORM. 19. Earnest Money: The high bidder at the close of the auction shall present non-refundable earnest money in the amount equal to 10% of the contract price in certified funds, personal check, or cash, at the property or other agreeable place, and sign the purchase contract no later than 1:00 PM Central Time on Tuesday, December 29, 2020. Said earnest money will be tendered and made payable to Kansas Secured Title and will be deposited into their escrow account and held until closing. Said escrow company shall also handle all closing matters. Balance of the purchase price shall be due and payable at closing on or before Thursday, January 28, 2021. Time is of the essence in this transaction. 20. Town & Country Real Estate and Auction listing agent Richard H. Garvin is action as Designated Seller's Agent in this transaction and represents the seller, not the buyer; and Town & Country Real Estate and Auction broker Emily Malsbury will act as a Transactional Broker in this transaction. 21. Persons registering for this auction acknowledge and agree that their contact information can be added to our data base so they can be notified of upcoming auctions. 22. Disclaimer: Be advised that explosive or energetic materials have been found on these premises. This includes both active and inert substances that, under the right circumstances, can contribute to incendiary events. Seller avers that these premises have been searched and surveyed by both the federal Bureau of Alcohol, Tobacco, and Firearms and the Topeka Police Department's bomb squad, and that it is believed that all the explosive or energetic materials have been removed. However, be advised that these premises are being sold in their as-is condition, without warranty as to the presence or absence of explosive or energetic materials. By purchasing these premises, the purchaser acknowledges and accepts this disclaimer of warranty, and is expressly assuming any and all liability for future discoveries of explosive or energetic materials on premises, or incendiary events related to the presence of explosive or energetic materials on premises. These "Terms and Conditions" for Auction Updated November 30, 2020
Topeka, KS US
Internet-Only Real Estate Auction - Topeka, Kansas
Lot #: 1

DISCLAIMER

Be advised that explosive or energetic materials have been found on these premises. This includes both active and inert substances that, under the right circumstances, can contribute to incendiary events. Seller avers that these premises have been searched and surveyed by both the federal Bureau of Alcohol, Tobacco, and Firearms and the Topeka Police Department's bomb squad, and that it is believed that all the explosive or energetic materials have been removed. However, be advised that these premises are being sold in their as-is condition, without warranty as to the presence or absence of explosive or energetic materials. By purchasing these premises, the purchaser acknowledges and accepts this disclaimer of warranty, and is expressly assuming any and all liability for future discoveries of explosive or energetic materials on premises, or incendiary events related to the presence of explosive or energetic materials on premises.
Lot #: 2

Airplane Bungalow

Airplane bungalow style home with 4 bedrooms, 1 bathroom, single car detached garage, partial basement with concrete block walls was built in 1948 according to county records. This home has 2 bedrooms on the main floor level and 2 bedrooms upstairs. This home has a total of 1,344 sq ft of which 960 sq ft are on the main floor. Sliding glass doors lead from kitchen to a large screened-in back porch / patio. Property also includes a fenced back yard with a utility tool shed with stairs that lead to a second story loft with an electric lift-hoist. Located in the Oakland Area less than a block away from State Street Elementary and Chase Middle Schools and only a short drive to the NOTO Arts District. There is easy access to downtown Topeka, the Oakland Expressway, Interstate 70 and Kansas Turnpike. Room sizes - all sizes are approximate. Living Room 12' 4" X 17' 2" Kitchen 11' 8" X 14' 3" Bedroom #1 9' 5" X 11' 8" Bedroom #2 11' 8" X 12' 0" Bedroom #3 11' 7" X 12' 0" Bedroom #4 11' 7" X 14' 3" Laundry Area 6' 6" X 12' 3" Screened-In Back Porch 12' 0" X 18' 0" Basement 10' 6" X 28' 9"

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Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Town & Country Real Estate and Auction, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.