Online Only Real Estate Auction
August 22, 2022 - September 12, 2022

Seller: The Estate of Martin Todd

906 S. 5th Street - Monmouth, IL 61462
Don’t miss out on this well-maintained 1 bedroom / 1 bath ranch home in Monmouth. The enclosed front porch has baseboard heat and could be used as a second bedroom. The home features a large living room, kitchen with oak cabinets and appliances (gas stove, fridge and deep freeze), bedroom with plenty of closets for storage, 12’6” x 8’ bathroom and main floor laundry hook-ups in the mud room.
The exterior of the home includes a well constructed wheelchair ramp to the front door, composite back deck, metal storage shed and partially fenced back yard.

An open house will be held on Thursday, September 1, 2022, from 5-6:30 p.m.

For additional information, or private tours, please call Kyle @ 309-351-3140 or Jed @ 309-333-0616.

To register to bid on this property, please click the “Bid Online” button.

Buyer’s Premium: 5%

Address: 906 S. 5th Street - Monmouth, IL
Tax ID: 09-230-109-00
Legal: LOT 4 BLOCK 13 SOUTH ADDN LOT SIZE: 66’ X 132’
Lot Size: 66’ X 132'
Property Taxes (2021): $0.00
Total Living SF: 934 SF, plus an additional 119 SF in the enclosed front porch
Year Built: 1900 (According to County records)
Foundation: Block
Siding: Vinyl
Roof: Shingled
Water/Sewer: Municipal
Mechanicals: Forced air furnace with baseboard heat in the enclosed front porch and mud room. Gas water heater. 100 Amp electrical service.

BID ONLINE

Terms:

DISCLAIMER: Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale and also reserves the right to reject any and all bids. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. All offers are subject to the approval of the seller. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchasers representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.

CONTINGENCIES: This sale is not contingent on Purchasers ability to obtain financing, or subject to any home, radon, lead-based paint, mold, or other inspections.

POSSESSION: Purchaser will receive possession at closing, which will be on or before October 12, 2022, at McClintock Law Firm, 212 S. Main Street in Monmouth, IL.

No New Survey: The Property shall be conveyed by the existing legal description.

Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchasers race, color, religion, sex, material status, national origin, or physical handicap.

Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in Fulton County, Illinois.

Buyer’s Premium: This auction has a 5% buyer’s premium, which will be paid by the buyer as part of their closing expenses, to Kelso Rhoades Real Estate Auction Group.

Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.

Closing expenses: The seller will be responsible for the title search and at closing will issue a commitment for title insurance to the buyer, in the amount of the purchase price. The seller will also pay for preparation and transfer of the deed, transfer taxes and one-half of the actual closing fee.

Terms for Online Bidding: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than September 14, 2022. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of $2,500.00 or 10% of the sales price (whichever is greater) will be collected in the form of check or certified funds. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than October 12, 2022. If you have any questions, please call our office at 309-647-8811.

AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DBA Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.