Minneapolis Real Estate Auction

A2C

A2C

Auction Location: 5548 Stevens Ave. S., Minneapolis, MN 55419

Phone: 612-384-8592

Lot Categories:

Auction Closed
09/15/2014 06:00 pm

Closed



Showing 1 to 1 of 1 items

Current Bid: $70,000.00
Next Required Bid: $70,250.00
High Bidder: #186717

Reserve Not Met

Began Closing:
Monday 09/15/2014
06:00 pm CDT

Lot is Closed

 


Auction Details:

Auction Location: 5548 Stevens Ave. South, Minneapolis, MN 55419 / Phone: 612-384-8592 Distance: 0.83 miles from 55419

 

One Story Cape Cod Style South Minneapolis Single Family Home within 2 Blocks of several bus lines, including 3 express to downtown.  3 Blocks for Minnehaha Creek and Parkway Area.  Seller purchased retirement condo and is selling the home with all its flaws and amenities as is.  

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.

Inspection

Auction Closing:

Mon, Sep 15, 2014
06:00 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


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.

  • 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.



5548 Stevens Ave. S.
Minneapolis
MN, 55419


Phone: 612-384-8592

No Shipping Available for this Auction.