Olivia, MN
This property is being sold AS-IS, Where-Is.
SELLING to the highest bidder over the opening bid of $70,000.
This unique property includes a 20x40 swimming pool and hot tub in a dedicated room that walks out to the pool area.
The pool has footings around the exterior so that it can be enclosed with a building.
The main bedroom has a dressing room with ample storage space and a spiral staircase leading to a bath with a whirlpool tub.
This main bedroom also overlooks the family/game room and has a walk in attic storage area. 2 fireplaces. There is a den/office that overlooks the great family/game room. A 'library' of shelves lines the upper balcony that overlooks the family/game room. The garage is 20x38 with a 12x18 storage area.
Other Things to Know:
Things to repair or be aware of:
Additional Costs Above Bid:
Earnest Payment of $5,000 Due Within 72 Hours after close of Auction.
Full and Final Payment and closing to be within 45-60 days of the close of Auction.
Closing will be at the Kraft Walser Law Office in Olivia, MN.
Important Auction Information:
There is 4% Buyers Premium on this auction.
Buyers Premium cap of $1,000 DOES NOT apply to real estate.
K-BID is not a party to this Real Estate transaction and has no involvement in the auction beyond being the venue used to present it to the public.
Unique residential property located in Olivia, MN.
| 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: Packrat Salvage LLC
Manager: Eric Reins
Additional Costs Above Bid:
Earnest Payment of $5,000 Due Within 72 Hours after close of Auction.
Full and Final Payment and closing to be within 45-60 days of the close of Auction.
Closing will be at the Kraft Walser Law Office in Olivia, MN.
This a auction is contracted and managed by: Packrat Salvage LLC
Manager of this Auction: Eric Reins
info@packratsalvage.com
This affiliate accepts Cash, Credit Card and Cashier’s/Bank check. We DO NOT accept personal checks.
If arrangements need to be made to remove items outside of the listed removal times, there will be a $50.00 fee payable at the time of meeting.
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.
Packrat Salvage LLC accepts Visa, Mastercard, American Express and Discover cards for Online Payment.
| Bidder | Placed | High Bid |
|---|---|---|
|
417874
|
Oct 14 06:20pm
| $101,500.00 |
|
129388
|
Oct 14 06:17pm
| $100,500.00 |
|
417874
|
Oct 14 06:16pm
| $95,755.09 |
|
129388 ^
|
Oct 14 06:13pm
| $94,500.00 |
|
417874
|
Oct 14 06:13pm
| $94,000.00 |
|
129388 ^
|
Oct 14 06:10pm
| $92,500.00 |
|
417874
|
Oct 14 06:10pm
| $92,000.00 |
|
129388
|
Oct 14 06:07pm
| $87,500.00 |
|
417874
|
Oct 14 06:07pm
| $85,755.09 |
|
129388
|
Oct 14 06:05pm
| $85,255.09 |
|
417874
|
Oct 14 06:04pm
| $80,755.00 |
|
129388
|
Oct 14 06:01pm
| $80,255.00 |
|
417874 ^
|
Oct 14 06:01pm
| $76,500.09 |
|
129388
|
Oct 14 06:01pm
| $76,000.09 |
|
417874
|
Oct 14 06:01pm
| $75,500.09 |
|
129388 ^
|
Oct 14 05:58pm
| $75,000.09 |
|
417874
|
Oct 14 05:58pm
| $75,000.00 |
|
129388 ^
|
Oct 14 05:57pm
| $71,000.00 |
|
417874
|
Oct 14 05:57pm
| $70,750.00 |
|
129388
|
Oct 14 05:47pm
| $70,500.00 |
|
417874
|
Oct 14 05:46pm
| $70,250.00 |
|
129388
|
Oct 14 04:53pm
| $70,000.00 |
