ONLINE AUCTION: Saline County IL / 3 Bed 2 Bath Home Well Built / 2798A

ONLINE AUCTION: Saline County IL 3-Bed, 2-Bath Home

Bidding Closes Thursday, June 2, 2022  at 8:00 p.m. CST

Property Inspection: Saturday, May 14, 10 am to 2 pm

Property Address: 801 West Parish Street, Harrisburg IL 62946

DESCRIPTION

Property is located in a family friendly neighborhood just a couple blocks from the city park and pool. The property consists of a 1500 sq ft, 3-bedroom, 2-bath home with a family room, living room and separated dining room from the kitchen. The 2-car garage is detached. The overall structure of the home appears in good shape; it was a well built home at time of construction in 1972. The home was custom built and has been in the same family to this day. The home has always been occupied. Very few updates have been done since construction and needs updating. The roof lines appear straight, however, home needs a new roof. The main bath shows signs of a prior leak in flooring. With some maintenance and updating, this could be a great investment property or inexpensive starter home. See Residential Data Sheet for additional home details in the Useful Docs section below.

Bidding: $500 Bid Increments.

TERMS

NO BUYER'S PREMIUM.

The property is in Bankruptcy, therefore it is; Subject to Bankruptcy Court Approval 21 days after Close of Auction.

NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. Have your financing verified before you bid.

PROCEDURE: $500 Bid Increments.

ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

REAL ESTATE TAXES: Pro-rated to day of closing.

SURVEY: No survey provided.

MINERAL: To convey to Buyer if any exist (none exist).

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps.  Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.

CLOSING: The property is in Bankruptcy, therefore it is; Subject to Bankruptcy Court Approval 21 days after Close of Auction. Seller will deliver a Trustee's Deed at Closing. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

POSSESSION: Possession will be given at closing.

AGENCY: Buy A Farm Land & Auction Co LLC. is the Agent and Representative of the Seller.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".

AUCTIONEER: Mark Kennedy, Auctioneer, IL Lic #440000202.