Online Only Auction
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Internet Bidding has Closed
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Reserve Not Met
Date(s)
3/20/2023 - 3/29/2023
AUCTIONEER INFORMATION
Bidding Notice:

Your bid participation acknowledges the acceptance of all documents. Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction.


Information
Lot # 1
Group - Category Real Estate - Residential
Lead Downtown Bungalow-1950 S. Wichita
Description
Subject to Seller Approval. Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Traditional bungalow centrally located is now available! This home would make a great option for a first time home buyer or an investment property. This home offers original hardwood flooring, newer HVAC system and a large fenced in backyard. Home is currently being rented for $600 / month with a long term, month-to-month tenant, but market rent rates are suggesting $800 / month. This home will require a 24 hour request through Broker Bay to be viewed due to the tenant. Bidding starts at $25,000.
Name Downtown Bungalow- 1950 S. Wichita, Wichita
Auctioneer
Type Online-Only Auction
Date(s) 3/20/2023 - 3/29/2023
Auction Date/Time Info
Bidding Starts 2:00 PM CST Mar 20, 2023 Bidding Ends 2:30 PM CST Mar 29, 2023 Live video feed starts 2:00 PM CST Mar 29, 2023
Checkout Date/Time Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction.
Location
Buyer Premium 10% Buyer's Premium
Description
Subject to Seller approval. Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Traditional bungalow centrally located is now available! This home would make a great option for a first time home buyer or an investment property. This home offers original hardwood flooring, newer HVAC system and a large fenced in backyard. Home is currently being rented for $600 / month with a long term, month-to-month tenant, but market rent rates are suggesting $800 / month. This home will require a 24 hour request through Broker Bay to be viewed due to the tenant. Tenants Rights. Bidding starts at $25,000.
ONLINE AUCTION: Bidding starts 3/20/2023 2PM CST. Bidding Ends 3/29/2023 2:30PM CST. Subject to Seller Approval. Seller has authorized the listing brokerage firm to submit any offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Bidding starts at $25,000. Total purchase price will include a 10% Buyer's Premium or $4,000/minimum, whichever is greater will be added to the final bid. Seller responsible for any prior year taxes. 2022 Taxes will be prorated between Seller & Buyer based on 2022 Taxes of $485.29 and 2022 Specials of $8.38. Minerals are believed to be intact and will transfer to Buyer. Earnest money of $5,000 is non-refundable and purchase contract is not contingent on financing and is due in the form of a personal, business or cashier’s check or by wire the day after the auction end and will be applied to purchase at closing. Closing will be on or before 4/28/2023. This property is selling As-Is-Where-Is, in its present condition and will be accepted by the Buyer(s) without any expressed or implied warranties or representations from the Seller(s) or their agent(s). Buyer is responsible for all inspections and due diligence prior to auction. It is incumbent upon the Buyer(s) to exercise their own due diligence prior to bidding on this property. If the property has improvements of any kind. It is also the responsibility of the prospective Buyer(s) to have any and all inspections completed prior to the start of auction bidding including, but not limited to the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint and/or lead-based paint hazards; presence of mold or radon gas; presence of asbestos; electrical; mechanical; appliances; heating; air conditioning; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns and any other desired inspections, if any. Information given is from sources deemed reliable, but NOT guaranteed by the Seller(s) or the Realtor(s). All documents will be made available online to prospective buyers prior to auction. If documents are not understood, broker recommends buyer to seek legal advice prior to bidding. Your bid participation acknowledges the acceptance of all documents. Announcements made online or orally prior to the auction will take precedence over any previous statements, printed material or oral information. Successful winning Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction. In the event of any technology errors, Lange Real Estate is not responsible for any missed lots and/or bids. Said company reserves the right to re-run and/or pause/restart the bidding at any point in time at the discretion of said company. Privacy and Security LANGE Real Estate does not share or sell information about our customers to outside companies. We work closely with our auction vendor to safeguard your information. It is our policy to never sell information about our customers. We require personal contact information to provide you with better service and keep you informed of the status of the auction. Here is what we do with the information we collect: • Internal record keeping. • Alerting you of the status of the auction. • We may periodically send promotional emails about new auctions, special offers, or other information which we think you may find interesting using the email address and cell phone number which you have provided. Security We are committed to ensuring that your information is secure. To prevent unauthorized access or disclosure, we have put in place physical, electronic, and managerial procedures to safeguard and secure the information we collect online. We restrict access to personal information about you only to those who need to know that information to provide products or services to you.iscretion of said company.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 30,000.00 5,000.00 USD
30,000.01 - 39,000.00 1,000.00 USD
39,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction.
No Shipping/pickup available.