Parcel #1000175
Legal Description: S9 T25 R2E THE E 15 RODS OF SE SE LYG S OF RR R/W, EXC S 264′ OF W 165′, EXC S 41.25′ FOR HWY
Property Information
– 4.88 Acres
– Frontage on both sides of the Yellow River.
– Heated 40′ x 30′ Two Car Garage with Office Space built in 1990
– Holding tank system installed in 1991
– A Well is located on the Parcel.
– Bathroom present (currently not in use)
– 200 AMP Electric Service and Furnace Works
– Town of Lincoln, Marshfield School District and Zoned: Commercial
– 2025 Real Estate Taxes $796.40
– Does Not Include Personal Property and Propane Tank(leased).
Once the reserve has been met, and the property will sell to the highest bidder!
If the reserve is not met by the close of the auction, the property will not sell.
The successful bidder will be required to sign an Offer to Purchase reflecting these terms and conditions listed below.
1. The property is being sold AS IS, WHERE IS, with no warranties or guarantees expressed or implied and understand that this is legal and binding.
2. The sale is not contingent upon financing, appraisal, survey, inspection, or any other condition. Buyers should secure financing approval prior to bidding.
3. Possession shall be given at closing.
4. Real estate taxes will be prorated up to the day of closing.
5. The property shall transfer free and clear of liens.
6. The Final Bid plus the 5% Buyers Premium will determine the final selling price/purchase price.
7. A non-refundable earnest money deposit of $10,000 is due within 48 hours of this AUCTION closing. The earnest money deposit shall be credited toward the purchase price at closing. Earnest money shall be payable to Knight Barry Title and may be paid by:
Cashier’s Check
Wire Transfer (Wire Fee is $10.00)
Credit/Debit Card (4% convenience fee applies)
8. Balance Due at Closing and shall occur within sixty (60) days of the sale date.
9. Closing Costs Paid by the Buyer: Personal financing costs, Buyer’s Recording Fee, Buyer’s Premium and Any costs associated with buyer’s financing.
10. Closing Costs Paid by the Seller: Owner’s title insurance policy, Warranty deed, Title company closing fees, Transfer and recording fees, State transfer tax stamps, Prorated real estate taxes up to the date of closing and outstanding special assessments.
11. At Closing, Buyer will receive an owner’s title insurance policy in the amount of the final selling/purchase price and warranty deed.