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2+/- Acre Acreage and Outbuildings
Mower County, Minnesota
Selling On Our
ONLINE AUCTION
March 26, 2024
Bidding opens March 12, 2024, and ends March 26,2024, at 1:00 p.m.
Description: This property offers the perfect opportunity to build equity and make it your own. Situated on a generous 2-acre lot, this rambler is a fixer-upper with great potential for flipping or creating your dream country residence. The property is being sold as-is, providing a blank canvas for your creative vision. Despite needing some work, several expensive updates have already been completed. Enjoy the tranquility of country living on 2 acres while still maintaining an easy commute to both Austin and Rochester. Ideal for those seeking a peaceful rural lifestyle with the convenience of nearby urban centers. Don't miss out on this fantastic opportunity to turn this property into your dream home or investment venture. Schedule a viewing today and explore the potential this 2-bedroom,2-bathroom rambler on 2 acres has to offer!
The bidding increments will be $500. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Property Location
50026290th St.
Austin, MN 55912
Open House March 17th 1-3 p.m. and March 20th4-6 p.m. Or by appointment.
BIDDING PROCESS: You may place bids on this property for 14 days beginning March 12, 2024, and ending March 26, 2024, at 1:00 p.m. This online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours before the auction closes or call 800-887-8625 for assistance.
Key Features:
New Roof (2023)
New Siding (2023)
Mound System (Installed in2018)
Private Well
Address: 50026 290th Street, Austin, MN 55912
Township: Udolpho
Legal Description: Sect-30, Twp-104 Range-018 P.I.D. #18-030-0060
2023 Taxes: $3,414.00
School Dist: # 756
Directions: From Austin, MN, take 218 north 6 ½ miles turn left on 290th (Co Road 26) go 3 miles to the home on the north side of the road. Watch for signs.
Owner: Gary and Marilyn Ulland
Title Services: Burnet Title
Address: 140 Elton Hills Ln NW Suite 200, Rochester, MN 55901 Phone: (507)252-6800
For more information, contact the listing agent:
Michelle Weinzetl 763-300-5055
Terms: The successful buyers will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment, to be payable to Burnet Title Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. This is a buyer’s premium auction. There will be a 5% buyer’s premium added to the final bid to equal the contract price. The balance will be due at closing on or before April 30, 2024. The seller will provide a marketable title to the buyer, evidenced by title insurance; the title insurance and closing company cost are split 50/50 between the buyer and seller. The 2024 real estate taxes to be prorated to the day closing. The property will not be sold subject to financing. Please have all financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller. The final sale price is subject to the seller’s confirmation once the bidding concludes.
Location
Terms
The successful buyers will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment, to be payable to Burnet Title Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. This is a buyer’s premium auction. There will be a 5% buyer’s premium added to the final bid to equal the contract price. The balance will be due at closing on or before April 30, 2024. The seller will provide a marketable title to the buyer, evidenced by title insurance; the title insurance and closing company cost are split 50/50 between the buyer and seller. The 2024 real estate taxes to be prorated to the day closing. The property will not be sold subject to financing. Please have all financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller. The final sale price is subject to the seller’s confirmation once the bidding concludes.