Auction Location: 433 7th Street South, Minneapolis, MN 55415
Phone: 612-384-8592
Lot Categories: Residential Property (1)
Auction Closed
11/26/2018 03:30 pm
Closed
No Image Available
The Sale is for the Real Property which includes: .Two (2) Bedroom , Two (2) Bathroom 16th Floor Condominium. .
The Unit Purchase includes a Refrigerator, Stove, In Sink Garbage Disposal, Dish Washer, and Over Stove Microwave.
Spectacular Views of Downtown, Several Association Amenities included as part of the Condominium Association.
A2C's Real Estate Broker is JR Venegas (Eugogio Venegas) License Number 40200816
This Seller is selling the Property to the Highest bid once the Reserve has been met.
The Homeowner Association documents Are Attached to the Description of Lot #1. All Bidders are required to Review this document and Further Attest to Reviewing the Document. The Winning Bidder will Sign a Verification of Acceptance of the Homeowner Association Covenants along with the Signing of of Purchase Agreement .
The Closing Costs of the Real Property Title will be Paid By The Buyer.
The Minnesota Standard Purchase Agreement will be Completed by A2C's Broker, Presented to Winning bidder, Explained and Signed with the A2C Licensed Broker per Real Estate Auction Statutes.
A2C's Real Estate Broker is JR Venegas (Eugogio Venegas) License Number 40200816
The Winning Bidder will Be Expected to meet with the Auction Real Estate Broker to sign the Purchase Agreement and Deliver $10,000.00 Cashier's Check Down Payment. Down Payment will be retained in Broker's Trust Account and credited at closing.
Seller Can Close Quickly if Buyer is Cash Buyer. Would like to Close within 45 days if Buyer Financing is required.
PLEASE NOTE: There is a One (1) Percent Discount Available to any Buyer that will Provide a $20,000.00 Down Payment at the Signing of the Purchase Agreement and Close in 25 Days of the Auction Close!!!
| 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
This auction is contracted and managed by Assets2Cash. A2C Enterprises, LLC, MN Dealer #38249, is the Dealer of Record for titled items in this sale.
This property is selling with a reserve and is subject to seller confirmation.
Payment Types Accepted: Certified funds up to $20,000.00.
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.
We Cannot ship a Condo. Thank you!
Thank you for your payment! Please call A2C with any questions.
