|Name||Tri-Plex Home/Income Property Real Estate Auction|
|Auctioneer||Bradeen Real Estate & Auctions|
|Type||Live Webcast Auction|
|Thursday, July 14 at 10:30 a.m. MDT|
|Preview Date/Time||Inspect at your leisure, approximate location of corners are marked, maps onsite or call Bradeen Auctions at (605) 673-2629 for an appointment. Also, feel free to contact your local Realtor, MLS lockbox installed. Property located 2.5 miles north of HOT SPRINGS, SD on Highway 385.|
|Checkout Date/Time||Immediately following the auction on Thursday, July 14|
|Location|| Auction held at:
The Mueller Center
801 S 6th St.,
Hot Springs, SD 57745
|Buyer Premium||No Buyer's Premium Charged|
Custer County, SD - Hot Springs Area ABSOLUTE REAL ESTATE AUCTION 125.81 Prime Acres - 4 Tracts and 1 Unit Deluxe 3-Plex Home/Income Property - Highway 385 Frontage THURSDAY, JULY 14, 2016 o 10:30 A.M. Registration at 9:30 a.m. Auction held at the Mueller Center, 801 S 6th St., Hot Springs, SD Property located 2.5 miles north of HOT SPRINGS, SD on Highway 385. Improvements include a deluxe residence with attached income property on 8.43 prime acres. This attractive 3,840 sq. ft, two level tri-plex was built for Leo Hagenson in 1994. The master suite includes 3 bedrooms, 2½ baths with an additional walkout lower level kitchenette. Two attached 2 bedroom/2 bath units each have their own 2 car garage and upper/lower level walkout access design. Also includes a detached 2 car garage with lower level shop/storage, storage shed and lean-to, as well as asphalt and concrete driveway parking. Unimproved land includes 3 attractive lots from 37+/- to 40.5+/- acres of mostly fertile, native grass hay land and pasture. One tract includes a scenic pine timbered ridge with panoramic views, perfect for an exclusive home site! The Highway 385 frontage acreage is perfect for any number of commercial or development uses. Auctioneer's Note: Leo built this home/income property and has taken excellent care of it over the years. This is certainly some of the best quality rentals available in the area. The adjacent Highway 385 frontage land is perfect for horse or livestock pasture as well as any number of development ideas, buy any combination of 1 to 4 tracts. All selling without reserve. . .have arrangements secured and be prepared to bid! Terms and Conditions: ABSOLUTE AUCTION. Property sells to the highest bidder(s) without minimum or reserve! Offered in four tracts as described and as one entire unit, selling in the manner realizing the greater return. Successful bidder(s) shall, at the conclusion of the auction, deposit 15% irrevocable earnest money. The balance will be due on or before August 15, 2016. Seller will furnish a warranty deed and policy of title insurance showing marketable title. 2015 and prior years taxes are paid, 2016 taxes will be prorated to closing date based upon the most recent tax levy. Property currently held debt/mortgage free. Possesion given upon closing. Rental units are currently vacant, immediate possession is available. Property sold "as-is" without warranty of any kind. Inspect to the extent deemed necessary and rely upon your own judgement when bidding. Property Inspection: Inspect at your leisure, approximate location of corners are marked, maps onsite or call for an appointment. Also, feel free to contact your local Realtor, MLS lockbox installed. When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Bradeen Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Bradeen Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Bradeen Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Bradeen Auction further reserves the right to cancel and/or reopen the auction in the case of system failures. METHOD OF SALE The following procedure will be used to determine the new owner(s) of the Hagenson Property, located in Custer County, SD, Please read the following procedure carefully, the Auctioneers - Brokers will answer any questions you may have prior to the opening bid. 1. To become a qualified bidder you must register and obtain a bidder's number. 2. Property will be offered as follows: Please refer to the computer screen listing tract numbers, acreages, $ per acre bid, total bid, bidder number, and status columns throughout the course of the auction. 3. After opening statements and any questions, the Auctioneer will ask for opening bids on individual Lot 1 (The home and improvements on 8.43 acres,) in total dollars. Once a price has been established on Lot 1, the auctioneer will ask for high bidder's choice of remaining individual tracts 2, 3 and 4. All bids taken will be in dollars per acre, multiplied by the number of acres indicated in the lot(s) of your choice. As high bidder you may choose any or all of lots 2, 3and 4. Auctioneers will calculate the total bid, place your bidder number, and note "Hold" in the appropriate columns. 4. Auctioneers will then ask for bids on any remaining tracts (if any) in the same manner until a price has been established on each individual lots. 5. Calculations will be made to determine the overall average price per acre based upon the 4 individual bids. The entire property will then be offered at a price over and above this amount, (in total dollars). Auctioneers reserve the right to set the minimum acceptable raise. The high bid on the entire property, will then be calculated and posted. If no bidding occurs on the entire unit, Auctioneers will offer and sell the tracts individually in consecutive order, beginning with Lot 1. 6. Property will be offered individually and as an entire unit, until no further bids are received one way or the other. Multiple rounds of bidding may occur*. Once the property is offered, either individually or as a unit, without establishing an overall amount greater than the current high bid, the property will not be offered in that manner again. Upon determining the manner of sale, either in individual tracts or as an entire unit, bidding will be opened briefly to establish the successful bidder(s). 7. Your competitive bidding, not the auctioneers, determines how many rounds will be held to determine the sale price and owner(s). 8. "Sold" will be noted on the screen next to the appropriate tract(s). All property will be sold to the highest bidder(s) without minimum or reserve bid. *Note: In the event that bidding occurs on the entire unit, individual tract bidders will be given the opportunity to advance their own bids in an attempt to achieve an overall amount greater than the entire unit bid.
|Bid Amount||Bid Increment|
|0.00 - 9,999,999.99||100.00 USD|
|Buyer Premium||No Buyer's Premium Charged|
Successful bidder(s) shall, at the conclusion of the auction, deposit 15% irrevocable earnest money in US funds. The balance will be due on or before August 15, 2016. Seller will furnish a warranty deed and policy of title insurance showing marketable title. 2015 and prior years taxes are paid, 2016 taxes will be prorated to closing date based upon the most recent tax levy. Property currently held debt/mortgage free. Possesion given upon closing. Rental units are currently vacant, immediate possession is available. Property sold "as-is" without warranty of any kind. Inspect to the extent deemed necessary and rely upon your own judgement when bidding.