Closed

Investment Real Estate Auction: 818 W. 1st Ave, El Dorado, KS 67042

About This Auction

Auction Location

WEDNESDAY JULY 31, 2024 4:00 PM ONLINE ONLY AUCTION: Download The Sundgren Realty App Today!

Real Estate Taxes

2023 REAL ESTATE TAXES: $1,479.86

Property Address

818 W. 1st Ave., El Dorado, KS 67042

Property Description

Excellent opportunity to invest in a property that will allow you to add value and equity! This 2 bedroom 1 bath home has a nice covered front porch, fenced in backyard, and large detached garage. The overall structure of the house appears to be sound. HVAC and hot water heater are missing and the water is off. If you are looking for the ideal candidate to restore and retain for investment income or resale, take a look at this opportunity to Invest In Real Estate!

Legal Description

The West 50 feet of Lot 32, Block 8, COOPER PARK ADDITION, to the City of El Dorado, Butler County, Kansas.

Terms

REAL ESTATE AUCTION TERMS: Bidding will close at 4:00 PM on Wednesday July 31, 2024 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 immediately following the conclusion of the auction and be purchasing the property subject to the preliminary title search report also linked above. Non refundable earnest money is $5,000 due immediately following the conclusion of the auction. The balance of the purchase price shall be due upon Sellers submission of merchantable title and closing. Closing date shall be on or before August 30, 2024. 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 selling “as is”, not 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.