Tower MN House Auction
Lot #1
Item: 448c-1252610

Tower, MN

This Lot is:

Closed

Thu, Dec 8, 2016 8:00pm CST

High Bidder: #120158

Current Bid:

$28,100.00

Next Required Bid: $28,200.00

Reserve Not Met

Location / Contact:
508 South 3rd Street, Tower, MN 55790
Phone: 612-910-5674

Lot Description:

This beautiful home in Tower MN backs up to a bicycle trail and snowmobile trail and is a short distance from Lake Vermillion and a huge snowmobile and ATV trail system. This Home features 2 bedrooms, 1 bath and a finished room in the basement that could be a 3rd bedroom with added egress window, and a sauna in the lower level (needs new stove) to help relax after a long day of exploring. There are stainless steel appliances in the kitchen and a nice open floor plan with lots of windows to let in natural light.

This would make a great home, rental property, or just a nice get away from it all to enjoy some fishing on Lake Vermillion. This is a nice house in a peaceful neighborhood ready for you to make it your own.

Property address is 508 South 3rd St Tower MN 55790

Utilities are city water and sewer and LP Gas

Square footage is 976 sq ft

The seller will accept cash or conventional financing to purchase this home, buyer must be pre approved for financing.

2016 Property taxes are $358 for the year

Home is sold as is and it is encouraged to look at the house for yourself on inspection day.

This auction only has a 5% buyers premium instead of the normal 10%

Feel free to call with questions about this property

 


Buyer of this Home must be paid in full within 10 days of Auction close if paying cash unless arranged prior to Auction ending. If financing is involved for this property a closer and closing date must be arranged within 5 business days from auction ending.

5% Buyers Premium will be added to winning bid. Ex: $30,000 winning bid will pay a $1500 buyers premium.

Winning bidder will receive a warranty deed to the property when paid in full at closing.

Buyer will be responsible for buyers side closing costs at closing and seller will be responsible for seller side closing costs at closing.

House is sold As Is/Where is.

Empire Wholesale and Anthony Socher are not responsible for an injuries that may occur on the property at any time.

 

Inspection

Auction Closing:

Thu, Dec 08, 2016
08:00 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Buyer's Premium
5.00%


This auction is contracted and managed by: Empire Wholesale

Manager: Tony Socher


This auction is contracted and managed by Empire Wholesale.

This affiliate accepts Cash, Credit card up to $5000, Cashier's Check.

By placing a bid on this auction you are agreeing to the auction specific terms listed below in addition to K-BID user terms.  For auctions contracted and managed by an Independent Affiliate, K-BID Online, Inc. is acting as a venue only and will not be involved in any disputes or issues regarding this auction.

Everything is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.

There is a 13% BUYERS PREMIUM (13% BP) on this auction. All NON-Credit/Debit Card payments MADE IN-FULL (invoiced amount) will receive a 3% Reduction in BUYERS PREMIUM (10% BP).

Applicable Minnesota Sales Tax will be collected.

At the close of the auction active items will remain open until no bids have been received for three minutes.

IMPORTANT NOTE: If the high bidder of an item does NOT acknowledge the purchase, K-BID systems reserves the right to determine how and to whom it will be resold. If we determine that the winning bid was not a bona fide bidder, the item WILL NOT AUTOMATICALLY go to the next second-highest bid.


Auction Terms Addendum

This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

  • Items with a reserve will not sell unless the reserve price is met.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.



508 South 3rd Street
Tower
MN, 55790


Phone: 612-910-5674

No shipping available for this auction.

Bid History

60 Bid(s)
Bidder Placed High Bid
120158
Dec 08 08:22pm
$28,100.00
63536
Dec 08 08:21pm
$28,000.00
120158
Dec 08 08:18pm
$27,900.00
63536
Dec 08 08:16pm
$27,800.00
120158
Dec 08 08:13pm
$27,700.00
63536
Dec 08 08:13pm
$27,600.00
120158
Dec 08 08:12pm
$27,500.00
63536
Dec 08 08:12pm
$27,400.00
120158
Dec 08 08:09pm
$27,100.00
63536
Dec 08 08:08pm
$27,000.00
120158
Dec 08 08:07pm
$26,100.00
63536
Dec 08 08:06pm
$26,000.00
120158
Dec 08 08:04pm
$25,352.00
249267
Dec 08 08:04pm
$25,251.00
120158
Dec 08 08:01pm
$25,100.00
63536
Dec 08 08:01pm
$25,000.00
120158
Dec 08 08:01pm
$24,650.00
249267
Dec 08 08:00pm
$24,550.00
63536
Dec 08 08:00pm
$24,300.00
120158
Dec 08 07:57pm
$24,200.00
249267
Dec 08 07:57pm
$24,100.00
120158
Dec 08 07:48pm
$23,500.01
63536
Dec 08 07:46pm
$20,850.00
249267
Dec 08 07:44pm
$20,750.00
63536
Dec 08 07:42pm
$20,500.00
249267
Dec 08 07:40pm
$20,100.00
63536
Dec 08 07:17pm
$20,000.00
120158
Dec 08 07:12pm
$19,900.00
63536
Dec 08 06:54pm
$19,800.00
249267
Dec 08 06:06pm
$19,000.00
63536
Dec 08 05:42pm
$18,900.00
120158
Dec 08 05:32pm
$17,900.00
249267
Dec 08 05:11pm
$17,800.00
120158
Dec 08 04:29pm
$17,700.00
249267
Dec 08 04:15pm
$17,600.00
63536
Dec 08 03:12pm
$17,500.00
120158
Dec 08 03:07pm
$17,200.00
249267
Dec 08 12:46pm
$17,100.00
132834
Dec 08 12:41pm
$17,000.00
249267
Dec 08 10:50am
$16,100.00
63536
Dec 07 07:45pm
$16,000.00
132834
Dec 07 07:42pm
$15,000.00
249267
Dec 07 10:57am
$14,100.00
132834
Dec 06 10:52pm
$14,000.00
248207
Dec 03 01:54pm
$8,100.00
111611
Dec 03 07:53am
$8,000.00
63536
Nov 30 06:40pm
$6,000.00
205124
Nov 24 11:40pm
$5,800.50
197635
Nov 22 07:08pm
$4,000.00
102482
Nov 22 01:44pm
$3,075.00
128850
Nov 19 09:34pm
$3,000.00
242311
Nov 19 09:04pm
$2,500.00
149024
Nov 19 05:48pm
$1,709.00
103841
Nov 19 02:39pm
$1,600.00
197635
Nov 19 08:59am
$1,500.00
103841
Nov 19 02:58am
$1,200.00
197635
Nov 18 09:59pm
$1,000.00
103841
Nov 18 06:51pm
$500.00
31246
Nov 17 11:52pm
$250.00
128675
Nov 17 12:12pm
$100.00