Minneapolis, MN
Next Bid will meet the Reserve. Motivated Seller Wants the Property to Change Hands. Minneapolis Real Estate Residential Real Estate Auction Bidding Ends Monday September 15th 6:00 PM CDT 5548 Stevens Ave. South, Minneapolis, MN 55419 Bidding at K-BID.com Directions: From the I-35W Coming From the North: Take Diamond Lake Road Exit off I35W. At the top of the off Ramp, Go Straight Through the Intersection, the Property is 1/2 Block on Right. From I-35W Coming from the South: Take Diamond Lake Road Exit off I-35W. At the top of the off Ramp, Go West (Left) to Stevens (Stop Light on Other Side of Bridge). Turn South (Left) Onto Stevens, House is 1/2 Block on Right. Property Preview: Sept. 7th from 1 to 3 pm and Sept. 14th from 1 to 3 pm or by appointment only. 662 foot finished square feet, single level home with partial unfinished basement. 1 bedrooms, 1 3/4 bathroom, newer roof, new furnace 11/2013. Seller has lived at this location for 40 years and has recently purchased a retirement condo. Single car detached garage with automatic garage door opener. Also Includes a 7 x 12 foot side workshop attached to garage. Lot: 40 x 128 Legal Description: Thorpe Bros. Nicollet Manor Lot 004, Block 002 School District: ISD 001 Minneapolis Taxes: 201 Real Estate Taxes are $1,587.30, full homestead and will be prorated though the date of closing. Property is being offered As-Is without any contingencies. City of Minneapolis Home Inspection has been completed. Click Here to view inspection report and actions needed. All repairs must be completed as required by the city of Minneapolis Truth In Housing specifications, at the buyers expense. An escrow of funds for repairs may be required by purchaser. TERMS: $3,000 Non-Refundable Down Payment Deposit upon signing purchase agreement, closing on or before October 15th, 2014. Earnest money will be only credited to the buyer's funds at title closing. Winning bidder party must meet with seller's broker Tuesday, September 16th, 2014 to sign Purchase Agreement AT THE SALE Property by 4 pm. 4% Buyers Premium will be added to high bid to equal contract price. This property is offered with reserve. All Bidding Done Online At www.K-BID. com K-Bid Affiliate: A2C Auctions Matt Johnson (612) 384-8592 with bidding questions. Dawn Polston Hork, MN Real Estate Broker DAWN Realty Group, Inc. (612) 670-7641 Click Here to Email Matt Johnson Auctioneer Lic. 2713030 (612) 384-8592 Bid at www.K-BID.com This Property has a Reserve. Year Built : 1920 Home Style: Cape Cod Beds: 1 + Baths: 1 Lot Size: 40 x 128 Sq. Feet: 662 Air: None Street: 5548 Stevens Avenue South City: Minneapolis State: Minnesota County: Hennepin Area: Thoirpe Bros. Nicollet Manor, Lot 004, Block 002 Zoning: R1A APN/Parcel ID: 22-028-24-12-0093 Roof: Replaced 11-23-1998 Garage: Single with 6 x 12 Side Work Shop Fireplaces: No Taxes: 1587.30 School District: ISD001 Other Property Data, Minneapolis Airport Commission Replaced Windows on Main Level Living Area, in 2012 and Insulated the House in 2012, New Forced Air Furnace installed in 11-2013, Roof Replaced on House and Garage at the Same Time. The Old Roof was Removed down the the Wood and Water Shield and Under layment replaced to Minnesota Building Code.
Preview Times to View Home Available On Inspection Days Or By Appointment Only
Dawn Polston-Hork 612-670-7641, Agent #20458787, Licensed broker in the State of MN will facilitate the Real Estate transaction.
NOTE: K-Bid is not a party to the Real Estate transaction and has no involvement in the auction beyond being the venue used to present it to the public. For questions, please call Matt Johnson, Assets2Cash Auctions, 612-384-8592. The Sale is contracted and managed by Assets2Cash Auctions, LLC. MN Licensed Auctioneer # 2714030.
| 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 | |||
|---|---|---|---|
| 4.00% | |||
This auction is contracted and managed by: A2C
Manager: Matt Johnson
ONLINE BIDDING ONLY
A2C Buyer's Premium 4%. Buyer's Premium will be added over and above the high bid to equal the contract price. (i.e. $100,000 high bid + 4% A2C buyer's premium = Contract price of $104,000.)
TERMS:
Earnest money is $3,000.00 non-refundable in certified funds due upon signing purchase agreement, closing on or before October 15th, 2014. Earnest money will be credited to buyer funds at title closing. Winning bidder party MUST meet seller's broker on Tuesday, Sept. 16th, 2014 AT THE SALE property to sign the purchase agreement prior to 4 pm. Property is being offered AS IS without any contingencies. City of Minneapolis Truth in Housing inspection has been completed. All repairs must be completed as required by City of Minneapolis Truth in Housing specifications.
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.
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
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:
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.
No Shipping Available for this Auction.
| Bidder | Placed | High Bid |
|---|---|---|
|
186717
|
Sep 08 09:27am
| $70,000.00 |
|
94553
|
Sep 06 10:24pm
| $65,000.00 |
|
186717
|
Sep 06 09:49pm
| $60,000.00 |
|
94553
|
Aug 26 09:10pm
| $55,000.00 |
|
33726
|
Aug 25 12:18pm
| $40,200.00 |
|
94553
|
Aug 22 08:22pm
| $40,000.00 |
|
161361
|
Aug 21 06:39pm
| $6,100.00 |
|
117535
|
Aug 21 05:50pm
| $6,000.00 |
|
33726
|
Aug 21 10:28am
| $500.00 |
|
184130
|
Aug 21 09:49am
| $10.00 |
|
35349
|
Aug 20 07:43pm
| $5.00 |
|
151830
|
Aug 20 07:35pm
| $2.00 |
5548 Completed Seller Disclosures.pdf