159 +/- Acres Multi-Tract Land Auction

Real Estate Auction in 3642 N Oliver Ave, Wichita Kansas, United States

25 Thursday
25th February, 2021 2:00 PM

159 +/- Acres Multi-Tract Land Auction

Real Estate Auction in 3642 N Oliver Ave, Wichita Kansas, United States

Thursday at - 25th February , 2021

Notes

*Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. It is incumbent upon buyer to exercise buyer’s own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer’s responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller’s agents was obtained from a variety of sources and neither seller nor seller’s agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $15,000 per tract.

Description

MULTI-TRACT BIDDING!!! NO MINIMUM, NO RESERVE!!! This land is at the corner of Oliver & 93rd Street and is being offered in a Multi-Tract auction with the surrounding six tracts, giving you a total of 159 +/- acres to purchase if desired.

Tract 1:

  • 20.07 +/- Acres
  • Potential for redevelopment
  • N. Oliver & E. 93rd St. frontage
  • Valley Center school district

 

A Multi-Tract Auction allows multiple tracts of real estate to be sold collectively or in any desired combination. This method of auction will offer multiple rounds of bidding allowing for bids on individual tracts, any combination of tracts, and all tracts together. The auction will begin with each tract being offered individually, followed by multiple rounds where bidders can make combinations and increase their previous bids to stay in the winning position. Bidding rounds will conclude when bidders no longer want to create new combinations or raise previous bid amounts. A digital board will be displayed to guide you through the auction process and have a clear understanding of current bid amounts. See "Downloads" section for explanatory PDF.

If Tracts 1-7 are purchased separately, buyers must comply with all Sedgwick County requirements regarding a lot split. Taxes on the individual parcels will be estimated at closing as final amounts will not be available until such time as the lot split is finalized.

Rural water line available on 93rd and on Oliver, please contact Sedgwick County Rural Water District #2 for details on connection and usage.

All mineral rights interests held by the seller will pass with the real estate to the buyer.

Map

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Location has been calculated by address and may not be 100% accurate.

Auction Items For Sale

MULTI-TRACT BIDDING!!! NO MINIMUM, NO RESERVE!!! This land is at the corner of Oliver & 93rd Street and is being offered in a Multi-Tract auction with the surrounding six tracts, giving you a total of 159 +/- acres to purchase if desired.

Tract 1:

  • 20.07 +/- Acres
  • Potential for redevelopment
  • N. Oliver & E. 93rd St. frontage
  • Valley Center school district

 

A Multi-Tract Auction allows multiple tracts of real estate to be sold collectively or in any desired combination. This method of auction will offer multiple rounds of bidding allowing for bids on individual tracts, any combination of tracts, and all tracts together. The auction will begin with each tract being offered individually, followed by multiple rounds where bidders can make combinations and increase their previous bids to stay in the winning position. Bidding rounds will conclude when bidders no longer want to create new combinations or raise previous bid amounts. A digital board will be displayed to guide you through the auction process and have a clear understanding of current bid amounts. See "Downloads" section for explanatory PDF.

If Tracts 1-7 are purchased separately, buyers must comply with all Sedgwick County requirements regarding a lot split. Taxes on the individual parcels will be estimated at closing as final amounts will not be available until such time as the lot split is finalized.

Rural water line available on 93rd and on Oliver, please contact Sedgwick County Rural Water District #2 for details on connection and usage.

All mineral rights interests held by the seller will pass with the real estate to the buyer.

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