OLDER BUNGALO HOME ON ±0.21 AC (zoned MDR)
LOT LOCATED AT 322 NORTH ST., RAPID CITY, SD
ONLINE REAL ESTATE AUCTION
PROPERTY IS SURROUNDED BY NEWER & WELL-KEPT
NEIGHBORS NOT FAR FROM THE RUSHMORE PLAZA CIVIC CENTER.
INCLUDES MATURE TREES & SHRUBBERY & THE ZONING ALLOWS FOR A DUPLEX ON THIS LOT.
Also selling a line of personal property on this auction.
~ NEW CLOSE & INSPECTION DATES (DUE TO THE WEATHER) ~
Auction closes ~
SUNDAY - OCT. 13 – 6:00 PM
A very well-located property in a good neighborhood near the Civic Center. This older home lends itself well as a fixer-upper with good rental capabilities, however the highest and best use is to raze the home and construct a new duplex as the same has been done to the property just to the east. Zoned MDR for this purpose. This property will absolutely sell once at or above the reserve price of $49,000. This property has lots of potential for several classes of buyers. The property is assessed at $58,200. The title has had a Quiet Title action performed and the buyer will receive a Warranty Deed at closing.
AUCTION Dates/Times: Online bidding opens Sunday, October 6, 2019. Bidding will begin to close on SUNDAY, October 13, 2019 at 6:00 PM MDT.
***CLICK HERE TO REGISTER AND BID ONLINE***
REAL ESTATE LOCATION: 322 NORTH STREET, Rapid City, SD. Info on website.
PREVIEW Dates/Times: Property available for inspection on SUNDAY, October 13, 2019 from 11:00 AM until 4:00 PM MDT. You are encouraged to call Martin at (605) 484-1353 with any questions.
TERMS & CONDITIONS
This property will absolutely sell at, or above the opening bid price of $49,000.00. Offered and sold as one entire approx. ±0.21 acre tract. 15% nonrefundable earnest money day of auction with the balance due in cash or certified funds upon closing. Closing to take place on or before November 11, 2019. Immediate possession upon closing. Taxes, based on the 2018 tax levy, shall be prorated to the day of closing. Property sold by legal description. Legal Description: Lot 20-21, Block 34, North Rapid Addition. Information given based upon Pennington County records and GIS maps. Visual auction maps have been prepared for marketing purposes only, are approximate only and buyers should rely upon their own judgment and inspection of the subject property. Property sells without Buyer contingency of any kind, please have your financial arrangements secured prior to bidding. Title insurance will be provided. A commitment for title insurance showing marketable title will be made available for your inspection upcoming online. Costs of title insurance and the closing agent fee shall be split equally between the Seller and Buyer. Property will be transferred by Warranty Deed subject to easements, assessments, and reservations of record. The Auctioneers/Brokers are representing the Seller’s interests in this transaction. The property will be sold in “As Is” condition without any warranties, either expressed or implied, as to the nature, condition, or description of any of the property herein, please inspect to the extent deemed necessary and rely on your own judgment when bidding. All information was derived from sources deemed reliable; however, neither Seller nor Auctioneers/Brokers are making any guaranties or warranties, actual or implied. Any announcements made day of auction or prior, supersede any and all previously printed material and any other oral statements made.