Brotherton Real Estate Properties Auction

No internet bidding

Wagner Auctioneering and Real Estate

Brotherton Street

Muncie, IN 47302

Date(s) 7/14/2021 - 8/6/2021

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Auction Information

Name	Brotherton Real Estate Properties Auction
Auctioneer	Wagner Auctioneering and Real Estate
Date(s)	7/14/2021 - 8/6/2021
Auction Date/Time Info	LIVE
Preview Date/Time	August 1st 2-4pm
Checkout Date/Time	N/A
Location	Brotherton Street Muncie, IN 47302
Buyer Premium	NONE
Description	THREE INVESTMENT PROPERTIES: FIRST PROPERTY: Address: 3221 S. Brotherton Street Muncie, IN 47302 Auction Remarks: Here you will find a 3-bedroom, 1-bathroom home on a large lot with a fenced in backyard. The home features a 1-car attached garage and 2-newer gas furnace and water heater. Also includes updated replacement windows throughout and a carport. This home will sell along with the homes located at 3225 S. Brotherton Street Muncie, IN & 3213 S. Brotherton Street Muncie, IN at live auction on August 5th @ 6pm. There will be an open house on August 1st from 2-4pm to view and inspect the property. The auction will be conducted on location at 3221 S. Brotherton Street and will sell to the highest bidder. There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. SECOND PROPERTY: Address: 3225 S. Brotherton Street Muncie, IN 47302 Auction Remarks: Here you will find a 2-bedroom, 1-bathroom home on a large lot with a fenced in backyard. The home features a newer gas furnace and water heater and has a total of 768 square feet of living space. The home also includes a utility shed and a carport. This home will sell along with the homes located at 3225 S. Brotherton Street Muncie, IN & 3213 S. Brotherton Street Muncie, IN at live auction on August 5th @ 6pm. There will be an open house on August 1st from 2-4pm to view and inspect the property. The auction will be conducted on location at 3221 S. Brotherton Street and will sell to the highest bidder. There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. The home is currently being rented to a great tenant and the current rent per month being charged is $475/month. The buyer of this property will be required to agree in writing to give the tenants at least a 60-day notice before any eviction or raise in the rent price. THIRD PROPERTY: Address: 3213 S. Brotherton Street Muncie, IN 47302 Auction Remarks: Here you will find a 2-bedroom, 1-bathroom home on a large lot with a fenced in backyard. The home features a newer gas furnace and water heater and has a total of 768 square feet of living space. The home also includes a utility shed and and carport. This home will sell along with the homes located at 3225 S. Brotherton Street Muncie, IN & 3213 S. Brotherton Street Muncie, IN at live auction on August 5th @ 6pm. There will be an open house on August 1st from 2-4pm to view and inspect the property. The auction will be conducted on location at 3221 S. Brotherton Street and will sell to the highest bidder. There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. The home is currently being rented to a great tenant and the current rent per month being charged is $475/month. The buyer of this property will be required to agree in writing to give the tenants at least a 60-day notice before any eviction or raise in the rent price.

Terms and Conditions

FIRST PROPERTY: There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. SECOND PROPERTY: There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. The home is currently being rented to a great tenant and the current rent per month being charged is $475/month. The buyer of this property will be required to agree in writing to give the tenants at least a 60-day notice before any eviction or raise in the rent price. THIRD PROPERTY: There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. The home is currently being rented to a great tenant and the current rent per month being charged is $475/month. The buyer of this property will be required to agree in writing to give the tenants at least a 60-day notice before any eviction or raise in the rent price.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 100.00	5.00 USD
100.01 - 1,000.00	25.00 USD
1,000.01 - 10,000.00	250.00 USD
10,000.01 - 100,000.00	2,500.00 USD
100,000.01 - 9,999,999.99	10,000.00 USD

Payment Information

Currency	USD
Buyer Premium	NONE
Payment Terms	FIRST PROPERTY: There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. SECOND PROPERTY: There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. The home is currently being rented to a great tenant and the current rent per month being charged is $475/month. The buyer of this property will be required to agree in writing to give the tenants at least a 60-day notice before any eviction or raise in the rent price. THIRD PROPERTY: There is a 10% non-refundable earnest money deposit due from the winning bidder on the day of the sale. The seller will pay the fall 2021 tax bill and the buyer will be responsible for paying the spring 2022 tax bill and the taxes due thereafter. Any costs associated with the provision of title insurance and title search will be at the expense of the seller. The buyer will be responsible for any costs associated with obtaining funds to close the transaction. The closing fee charged by the title company will be split 50/50 between the buyers and the sellers. The property will sell in AS-IS condition. Bidding is not contingent upon inspection or financing. Closing of this transaction will take place within 35 days of the conclusion of the auction. The seller has the right to accept or reject any and all bids. The home is currently being rented to a great tenant and the current rent per month being charged is $475/month. The buyer of this property will be required to agree in writing to give the tenants at least a 60-day notice before any eviction or raise in the rent price.

Shipping / Pick Up

N/A

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.