326 S. Race St., El Dorado, KS 67042 – Online Only Real Estate Auction
* ONLINE ONLY AUCTION *
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ALL PROPERTIES AVAILABLE FOR VIEWING WEDNESDAY SEPTEMBER 6 5-7PM
PROPERTY ADDRESS: 326 S. Race St., El Dorado, KS 67042
PROPERTY DESCRIPTION: 2 bedroom 1 bath house, 976 square feet of finished living area, built in 1910 according to Butler County. There is a 22′ x 12′ detached garage.
CURRENT RENT: $725/month. Tenant has lived here since 5/15/2023 and is currently under lease until 3/31/2024.
DEPOSIT: $700 will transfer from the Seller to Buyer at Closing.
LEGAL DESCRIPTION: Beginning 881 1/2 feet South and 280 feet East of the Northwest Corner of the East Half of the Southeast Quarter of Section 3, Township 26 South, Range 5 East of the 6th P.M., Kansas; thence South 50 feet; thence East 130 feet; thence North 50 feet; thence West 130 feet to the point of beginning; being a part of Lot 14, in Block 2, GILLESPIES ADDITION to the City of El Dorado, in Butler County, Kansas
2022 REAL ESTATE TAXES: $792.50 plus $36.00
EARNEST MONEY: $5,000
REAL ESTATE PURCHASE CONTRACT
PRELIMINARY TITLE INSURANCE
TERMS: There will be a 10% buyers premium added to the high bid to determine the contract price on each tract. The successful high bidder shall be required to sign the real estate purchase contract linked above immediately following the conclusion of the auction, and they will be purchasing the property subject to the preliminary title insurance also linked above. Earnest money is specified above and due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before October 18, 2023. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. All pertinent information is available upon request. Tenancy subject to change.
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