Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, August 6th, 2024 at 2 PM (cst) | BIDDING CLOSING: Thursday, August 15th, 2024 at 2 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! LOCATION LOCATION LOCATION!!! This seller relocation presents an exceptional opportunity to acquire prime property with significant potential for mixed-use redevelopment in the desirable city of Derby! This property is surrounded by substantial commercial development, including Dillons Marketplace, Target, Hobby Lobby, Chick-fil-A, and many more. The property is also near Rock River Rapids, Derby High School, Derby Public Library, and High Park. The 4-bedroom, 3-bathroom home sits on over nine acres with an in-ground pool, Quonset, and pond! Exterior Features: Zoned R-1 Single Family Residential Commercial Redevelopment Opportunity Approximately 300 +/- Sq. Ft. of Rock Rd Frontage Sidewalks Traffic Count of Approximately 27,000 +/- Daily 9.33 +/- Acres Covered Front Porch Wrought Iron Fencing Attached 4-Car Garage Large Covered Backyard Patio In-Ground Pool Quonset Pond 4-Bedroom, 3-Bathroom Home: Sprawling 5,814 +/- Square Foot Ranch Home Living Room w/ Picture Window Kitchen/Dining Combination w/ Wood Flooring & Outside Access Kitchen: Granite Countertops & Eating Bar Appliances: Stainless Steel Refrigerator, oven, dishwasher & Microwave Laundry Hookups off Kitchen Primary Bedroom w/ En-Suite: Two Sinks, Walk-in Shower & Soaker Tub Split Bedroom Plan Main Floor Family Room w/ Stone Fireplace, Built-In Shelving & Outside Access 3 Additional Main Floor Bedrooms 2 Additional Full Bathrooms (One w/ Walk-In Shower & One w/ Double Sinks & Walk-In Tub) Full-Finished Basement w/ Large Family/Rec Room, an Additional Finished Room & Spacious Utility Room Buyer's Choice: $50,000 earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale. $75,000 earnest money deposit at the time of contracting with a closing on or before 45 days from the date of sale. Per seller, County Records for the finished living area do not reflect the entire finished living space. The basement finished living area provided is measured and approximate. This property is zoned in a McConnell Area of Interest. Any personal property remaining in the property at the real estate closing will be considered abandoned property. Per the Seller the property is on Derby City Water but believes the property may have two non-operational wells. One well is located North of garages and demarcated with bricks. The other well location is unknown. Back hay is harvested 1 time annually and will be completed with bales removed by September 1st. This harvest does not transfer to the Buyer. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is" condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller's agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount of Buyer's Choice: $50,000 earnest money deposit at the time of contracting with a closing on or before 30 days from the date of sale. $75,000 earnest money deposit at the time of contracting with a closing on or before 45 days from the date of sale.
