Downtown Minneapolis Two Bedroom, Two Bathroom Condominium (Click to View Lots)

A2C

Downtown Minneapolis Two Bedroom, Two Bathroom Condominium

Lot #1
Item: 6904-2038081

Minneapolis, MN

This Lot is:

Closed

Mon, Nov 26, 2018 3:30pm CST

High Bidder: #101135

Current Bid:

$160,000.00

Next Required Bid: $161,000.00

Reserve Not Met

Category: Real Estate > Residential Property

Location / Contact:

433 7th Street South, Minneapolis, MN 55415

Phone: 612-384-8592

Lot Description:

Sharp 2 Bedroom, 2 Bathroom Condominium

Located in Centre Village Condominium Association Downtown Minneapolis on the Skyway.

Bedrooms are split one on the left and one right side of the unit.
The unit has light grey paint and carpet.
Upgraded vanity tops in the bathroom and tiled bathroom floors.
A/C and hot water heat.
Cable and high-speed internet included in the dues.
Owner pays electric.
The Great City Views.
The association offers 2 outdoor decks, an outdoor pool, outdoor BBQ area, party room, lounge, library, gym, tanning bed, hot tub and bicycle storage.
Optional parking in the attached ramp is $140/ month.
The unit is located downtown on the skyway so you can avoid the cold.
Close to the Vikings, Timberwolves and Twins stadiums, a few blocks to all the shopping on Nicollet Mall, the restaurants, Mississippi River path, and Stone Arch Bridge, all the downtown nightlife and the Warehouse district.
The light rail to the Minneapolis Airport and Mall of America are 1 block away.
Built in 1985
Property ID Number: 26-029-24-22-0433
Municipality: Minneapolis
School District 01
Please Note: All Property Tours Will Start on the Half Hour (12:00, 12:30, 1:00 and 1:30) on the Street level In the Lobby in front of the Street Level Convenience Store.
Please Call 612-408-0038 For further Information and Onsite Contact during Preview Times.
Monthly HOA Fees, Cable $29.86, Association Dues $469.83 and $27.50 = $527.19
All Appliances Pictured, Refrigerator, Stove, Dishwasher, Microwave and Garbage Disposal Are Included with the Purchase.
ANY Furniture, Or Window Treatments Pictures ARE NOT included in the Purchase.
This Building DOES Not Met FHA GUIDELINES. FHA Loans are Not Applicable to this Property.
Freddie Mac and Traditional Mortgage Guideline Financing ARE Applicable.

Homeowners Association Docs. - Must Review

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!!!

Inspection

Auction Closing:

Mon, Nov 26, 2018

03:30 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
	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.

All Payments should be Payable to A2C Auctions and made on the Pick Up day.
Credit cards not accepted.
Please Do Not Bid if you cannot make Arrangements to close in 45 Days.
Only A2C Staff Accompanied Previews will be allowed.
The Only Preview time available is Displayed at the Bottom of each Bid Page for the Auction
An A2C Representative Must Be Present for Preview.
A $40.00 Trip Charge will be Added to any Invoice that Requires a Staff Member to Return to the Sale Site Before or after the Preview Times.
As with all K-BID.com Auctions, The Buyer is responsible Inspecting All items prior to Bidding.
Review the Home Owners Association Documents and Resale Disclosure Certificate (collectively “Information”) attached to the Description of the Condo.
The PDF of this Document is attached to the sale Description and Conveyed to all bidders
The Information is hereby delivered to you, effective today, pursuant to Minnesota Statutes Section 515B.4-107.
Bidders will be required to sign a Verification of your Receipt of the Information as of today’s date, and acknowledge your review of the Information, at the Time of Signing the Purchase Agreement..
Accepting the terms and Conditions of this Auction constitute Conveyance of these Documents.

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.

433 7th Street South
Minneapolis
MN, 55415

Phone: 612-384-8592

We Cannot ship a Condo. Thank you!

Thank you for your payment! Please call A2C with any questions.

Bid History

1 Bid(s)

Bidder	Placed	High Bid
101135	Nov 22 08:17pm	$160,000.00