Online Only Auction
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Date(s)
3/19/2024 - 4/14/2024
AUCTIONEER INFORMATION
Bidding Notice:

4% Buyers Premium will be added to the contract price of the real estate. Online and absentee bidding will be accepted in this auction. If you are uncomfortable bidding online we are happy to accommodate absentee bidding. Please contact us to set up your bids.

Auction Notice:

On the day of the auction please make sure you are viewing the live bidding screen to assure you are watching the auction in real time. Click on the link above to register for the auction and start bidding.


Information
Lot # 3
Group - Category Real Estate - Residential
Lead Property Now Sells Absolute
Description
3 bedroom, 1 bath home located at 405 Oak Street in Otterville, MO This 2166 square foot home was built in 1967. The main level of the home consists of 1448 square feet and includes 3 bedrooms, 1 full bathroom, living room dining room, kitchen and sunroom. The basement adds an additional 700 square feet and is partially finished with an additional family room and utility kitchen as well as laundry room, unfinished bathroom and ample storage. The living rooms on both levels of the home are accented with wood burning fireplaces. There is a single car carport situated along the side of the home with covered entry into the home. The home is situated on a full city block including lots with utility hookups. The large lot has an established garden and garden shed. The home has electric radiant heat in the ceilings utilized window A/C for cooling. 2023 taxes were $1317.92
Name OTTERVILLE ONLINE REAL ESTATE AUCTION
Auctioneer
Type Online-Only Auction
Date(s) 3/19/2024 - 4/14/2024
Auction Date/Time Info
Bidding closes Sunday, April 14th, 2024 at 6p.m.
Preview Date/Time Call for property viewing Cody Martin 660-888-3460 Teresa Martin 660-888-9518
Checkout Date/Time Contract must be signed and down payment received within 24 hours of the acceptance of the final bid.
Location
Buyer Premium 4% Buyers Premium
Description
PLEASE NOTE: The reserve has been lifted and this piece of real estate will sell to the highest bidder! Mary has decided to downsize and will therefore be selling the home that her and her late husband, Donald, built and made their own for over 55 years. This home has been very well maintained over the years and is ready for a new family to call it their own. This will be an online only auction; however, if you are uncomfortable with the online platform we are happy to set up absentee bids for you. Please contact us if you would like to bid on an item(s) or if you need assistance registering and bidding online.
Real Estate Terms: The sellers are motivated to sell but reserve the right to accept the final bid. BUYER’S PREMIUM: A 4% buyer’s premium will be added to the purchase price to determine the actual selling price. DOWN PAYMENT: The buyer will provide a $7,500 non-refundable down payment upon signing the contract for the sale of real estate within 24 hours of the acceptance of the final bid. Acceptable forms of payment include a personal check with bank letter or certified funds. The remaining balance will be due at closing in 45 days or less. Please note, successful bidding at the auction is not contingent on personal financing. Please have your finances in order prior to bidding on the property to ensure you are capable of paying the balance at closing. TITLE: Seller shall convey a Trustees Deed to the buyer for examination and pay for title insurance. TAXES: The real estate taxes shall be prorated between the parties as of the date of closing. POSESSION: Possession of the real estate shall be delivered to the buyer at the time of closing. CLOSING: Closing will be conducted at Boonville Abstract & Title Co. located in Boonville, MO on or before May 29th, 2024 or at other set time and place in which both parties agree. Disclaimer: The property is being sold “as is, where is.” and no warranty, either expressed or implied, concerning the property is made by either the sellers or the auction company. Each bidder is responsible for conducting his/her own independent inspections or investigations concerning the property and the auction. Information provided is believed to be correct to the best of the auctioneer’s knowledge but is subject to inspection and verification by all parties relying on it. All information provided by the auction company is subject to the terms and conditions of the sale outline in the contract for sale of real estate. All decisions of the auctioneer are final. The sellers and the auction company reserve the right to preclude anyone from bidding if there is a question as to the person’s credentials, fitness, intent, etc. CONDITIONS OF SALE Placing a bid at auction constitutes buyer's acceptance of and agreement to these Conditions of Sale. 1. WAIVER OF WARRANTY: All lots are sold AS-IS Where-Is, and ALL SALES ARE FINAL. No statement regarding condition, kind, value, or quality of a lot, whether made orally or in writing in this catalogue or elsewhere, shall be construed to be an express or implied warranty, representation, or assumption of liability. Any such warranty is WAIVED. 2. The auctioneer shall have absolute discretion in determining the successful bidder. At the completion of the auction, title to the offered lot will pass to the bidder acknowledged by the auctioneer. The bidder thereupon assumes full risk and responsibility and will pay full purchase price for the said lot. 3. The auctioneer may decide that any original bid is not commensurate with the value of the article offered, or that any advance thereafter is not of sufficient amount, he may reject the same. 4. The auctioneer reserves the right to withdraw any item at any time before the sale of the item. 5. No merchandise will be released before the end of the auction. 6. If the buyer fails to comply with any of the Conditions of Sale, Martin Auction Company reserves the right to hold such defaulting buyer liable for the purchase price; to cancel the sale, retaining as liquidated damages any payment made by the buyer. Registration All contact information is required for consideration of bidding approval; Name, Address, Telephone number, and email address. Bidders who supply this information will be reviewed for approval. Bidders with open disputes or a dispute history will not be approved for online bidding. If you have any difficulty with the registration process please contact Martin Auction Company. Clerical / Internet Errors Martin Auction Company undertakes the execution of online bidding as a convenience for clients and is not responsible for any inadvertent failure to execute bids, or for any error in the execution of bids. Regardless of the circumstances, if you click BID and subsequently BUY an item, you have purchased it. We will not cancel the sale of an item due to an accidental click. We are not responsible for a loss of internet connection and technical complications beyond our control.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9.00 1.00 USD
9.01 - 17.50 2.50 USD
17.51 - 95.00 5.00 USD
95.01 - 490.00 10.00 USD
490.01 - 975.00 25.00 USD
975.01 - 4,900.00 100.00 USD
4,900.01 - 9,750.00 250.00 USD
9,750.01 - 49,500.00 500.00 USD
49,500.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 4% Buyers Premium
Payment Terms
The buyer will provide a $7,500 non-refundable down payment upon signing the contract for the sale of real estate within 24 hours of the acceptance of the final bid. Acceptable forms of payment include a personal check with bank letter or certified funds. The remaining balance will be due at closing in 45 days or less. Please note, successful bidding at the auction is not contingent on personal financing. Please have your finances in order prior to bidding on the property to ensure you are capable of paying the balance at closing.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.