800 East Walnut Ave. Olivia MN 56277 2 Bedroom 2 Bathroom Home
Lot #1
Item: 9ce4-3195720

Olivia, MN

This Lot is:

Closed

Mon, Nov 1, 2021 8:15pm CDT

High Bidder: #305271

Current Bid:

$78,500.00

Next Required Bid: $79,000.00

Reserve Not Met

Location / Contact:
800 East Walnut Ave, Olivia, MN 56277
Phone: 320-327-2622

Lot Description:

Reserve for this home is under 80000.  An incredible buy for the money!  800 East  Walnut Ave. Olivia MN 56277 2 Bedroom 2 Bathroom Home.  Nice large yard with shade trees, detached garage and storage shed.  Reasonable reserve price, a great place to make home or make your next real estate investment!

Some Features of this property include:

* Central air and natural gas heat, with a newer heating system.

* ** 2** Beautiful Hearth Spaces with Gas Fireplaces on the main level and small fireplace in the basement. 

* Beautiful french doors and lighted sun-room.

* Rough additional bathroom and shower in the basement

* Main level washer and dryer hookups

* 10 year old roof with no known leaks or water damage

* Basement is generally dry

* Newer vinyl windows

* Newer water softener

* Key pad garage door entry

* 2 Stall Garage, approximately 24 x 19 feet

* 8 x 12 foot storage shed

* 12 x 16 foot rear deck

* Backyard adjoins a city park, giving the yard a large and spacious feel with no rear neighbors

* Lot is approximately 90 x 185 feet deep

* House exterior measures approximately 43 x 100 feet


The Closing Costs of the Real Property Title Work will be Paid By The Buyer.

Property tax due up to time of closing will be paid by the seller.

Kraft Walser Law Office, located in Olivia, MN will prepare the Standard Purchase Agreement per auction terms and perform the real estate closing per Real Estate Auction Statutes. 

The Winning Bidder will Be Expected to pay the buyer's premium to Asset Liquidation Auctions within 48 hours of auction close.  Then buyer will be put in contact with Kraft Walser Law Office to sign the Purchase Agreement and complete the closing with the seller for the amount of the final bid plus all closing costs. 

 

BY PLACING A BID, BIDDER ACKNOWLEDGES AND AGREES TO ACCEPT THE PROPERTY IN AS-IS CONDITION, COMPLETE THE SALE WITHIN 30 DAYS AS DIRECTED BY Kraft Walser Law Office  AND PAY THE HIGH BID PLUS ALL CLOSING COSTS.

BP Cap of $1000.00 DOES NOT apply to REAL ESTATE AUCTIONS.  This property is selling with a LOW 3% Buyer's Premium, meaning that if the final bid price is $80,000, the contract purchase price would be $82,400 as an example.

K-BID is not a party to the transaction and has no involvement in the auction beyond being the venue used to present it to the public.





The Closing Costs of the Real Property Title Work will be Paid By The Buyer.

Property tax due up to time of closing will be paid by the seller.

Kraft Walser Law Office, located in Olivia, MN will prepare the Standard Purchase Agreement per auction terms and perform the real estate closing per Real Estate Auction Statutes. 

The Winning Bidder will Be Expected to pay the buyer's premium to Asset Liquidation Auctions within 48 hours of auction close.  Then buyer will be put in contact with Kraft Walser Law Office to sign the Purchase Agreement and complete the closing with the seller for the amount of the final bid plus all closing costs. 

 

BY PLACING A BID, BIDDER ACKNOWLEDGES AND AGREES TO ACCEPT THE PROPERTY IN AS-IS CONDITION, COMPLETE THE SALE WITHIN 30 DAYS AS DIRECTED BY Kraft Walser Law Office  AND PAY THE HIGH BID PLUS ALL CLOSING COSTS.

BP Cap of $1000.00 DOES NOT apply to REAL ESTATE AUCTIONS.  This property is selling with a LOW 3% Buyer's Premium, meaning that if the final bid price is $80,000, the contract purchase price would be $82,400 as an example.

K-BID is not a party to the transaction and has no involvement in the auction beyond being the venue used to present it to the public.

 

Please Text 320-327-2622 with questions

Inspection

Auction Closing:

Mon, Nov 01, 2021
08:15 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
3.00%


This auction is contracted and managed by: Asset Liquidation Auctions

Manager: Jeff Krueger


BY PLACING A BID, BIDDER ACKNOWLEDGES FULL DUE DILIGENCE, AND AGREES TO ACCEPT THE PROPERTY IN AS-IS CONDITION, COMPLETE THE SALE WITHIN 30 DAYS AS DIRECTED BY Kraft Walser Law Office AND PAY THE HIGH BID PLUS ALL CLOSING COSTS.

PROPERTY IS SOLD AS-IS, BUT APPEARS TO BE A GOOD FUNCTIONING HOME

This auction is contracted and managed by Asset Liquidation Auctions. 

This property is selling with a reserve and is subject to seller confirmation.  

Payment Types Accepted:  Certified funds up to $10,000.00.  Wire Transfer for any invoice over $10,000.00.  

  • Buyer's Premium is due in certified funds within 48 hours of auction close.
  • Credit cards not accepted over $3000.00
  • Buyer agrees to work with Kraft Walser Law Office to complete the real estate closing, and perform and steps required in the escrow and closing process.
  • Please Do Not Bid if you cannot make Arrangements to close in 30 Days.
  • Only ALA Staff Accompanied Previews will be allowed.  
  • The Only Preview time available is Displayed at the Bottom of each Bid Page for the Auction
  • An ALA Representative Must Be Present for Preview.
  • A $50.00 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 for Inspecting and Due Diligence on All items, property and other considerations in this real estate transaction prior to Bidding.

Please call or text 320-327-2622 with questions


Auction Terms Addendum

This auction is contracted and managed by an independent affiliate. 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 (“Affiliates”) to conduct online auctions.
Affiliates 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.
  • Affiliates may lower reserves at any time:
    • 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 affiliate managing the auction.



800 East Walnut Ave
Olivia
MN, 56277


Phone: 320-327-2622

SHIPPING IS NOT AVAILABLE.  Once the Buyer's Premium is paid by Buyer, Kraft Walser Law Office will direct and complete the escrow and closing process.  Please call or text 320-327-2622 with questions

Online payment not available, Please call 320-327-2622 for payment and closing arrangements.

Bid History

11 Bid(s)
Bidder Placed High Bid
305271
Nov 01 06:59am
$78,500.00
121209
Oct 10 12:05am
$78,000.00
265921
Oct 09 10:34pm
$12,500.00
99836
Oct 09 08:57pm
$12,000.00
27007
Oct 09 07:57am
$11,000.00
99836
Oct 08 02:01am
$10,100.00
354871
Oct 06 11:23pm
$10,000.00
42402
Oct 06 07:51pm
$6,100.00
368272
Oct 05 03:07pm
$6,000.00
308221
Oct 03 06:12pm
$5,075.00
202465
Oct 01 07:22pm
$5,000.00