Online Only Real Estate Auction
January 26, 2024 - February 15, 2024
Sellers: Steve Lunt, Sonja Lunt & Leighann Lunt,
Trustee of the Tobin J. Lunt Trust Under Will
40 S. 16th Street, Hamilton, IL
This property is occupied by a tenant and is being sold subject to the existing tenancy.
-Lease is verbal
-There is no security deposit
-Long-term tenant in place
-Tenant pays for utilities
-Rent amount: $425.00/month
Bid now on this 2 bedroom, one bath, single story home located on a corner lot in Hamilton. It features kitchen/dining area, separate living room, MF laundry and attached one-car garage.
An open house will be on Tuesday, February 6th, from 5-6 p.m.
For additional information, or private tours, please call our office @ 309-647-8811.
To register to bid on this property, please click the “Bid Online” button.
Buyer’s Premium: 5%
Address: 40 S. 16th Street, Hamilton, IL
Tax ID: 11-29-604-004
Legal: S29 T5 R8 CONKLIN & JOYCES ADD - LOT 15 BLK S MONTBELLO
Lot Size: 140’ X 50’
Property Taxes: $1,723.10 (2022) - No exemptions
Total Living SF: Approximately 1,288 SF
Year Built: Unknown
Foundation: Slab
Siding: Vinyl
Roof: Flat rubber
Water/Sewer: Municipal water/sewer
Mechanicals: FA furnace, gas water heater
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 an Executor 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 purchaser’s 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, septic, mold, or other inspections.
POSSESSION: Purchaser will receive possession at closing, subject to the existing verbal lease, which will be on or before March 8, 2024, with Western State Title Company handling the title work and closing. The location of the closing is to be determined.
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 purchaser’s 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.
Property Tax Proration: At closing, the seller will issue a credit to the buyer for the entirety of the 2023 real estate taxes (due and payable in 2024), and will also issue a credit to the buyer for the prorated portion of the 2024 real estate taxes. Any subsequent year’s taxes will be the responsibility of the buyer.
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 4 p.m. on February 16, 2024. 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 March 8, 2024. 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.
Property Disclosures
