June 2, 2020 - 1949 St. Lawrence Avenue, Beloit, WI 53511 - Online Real Estate Auction
Previous Page Listing ID#: 200456

Auction Location

Beloit, WI 53511
Auction Dates and TimesSALE IS COMPLETED
Bidding Starts: Thursday Apr 30, 02:20 AM
Bidding Ends: Tuesday Jun 2, 07:07 PM
Auction Type
 Online Auction 
Company Information
Beloit Auction & Realty

Contact: Rich Ranft
Phone: 877-364-1965
Email: rich@beloitauction.com
Website: www.beloitauction.com

GoToAuction.com ID#: 1078
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Listing Terms and Conditions
TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
  1. This is an ONLINE public auction. Title to the property is guaranteed to be free and clear from all liens and encumbrances. All bidders are required to register online prior to the beginning of the online auction if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in this auction, bidder agrees that all bids he or she submits are irrevocable and binding.
  2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection or other contingencies to sale. No warranty or representation either expressed or implied, concerning the property is made by the Seller or the Auction Company. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.
  3. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between the Auction Company/Auctioneer and buyers will be dealt with through arbitration in Rock County, Wisconsin. By bidding on the property at auction, buyer agrees to all terms and conditions set forth as well as those set at the beginning of the auction.
  4. This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $25,000.
  5. The successful bidder must make a $4,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, June 3, 2020. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement.
  6. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Friday, July 3, 2020. Closing will be conducted at Brabazon Title Company, Inc. in Beloit, WI.
  7. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
  8. Seller to provide title insurance. Buyer acknowledges that buyer is responsible for any and all closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to, the recording of closing documents, mortgage closing costs, and the balance of the sale between buyer and seller.
  9. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
  10. Buyer’s Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer’s agency agreement(s) in place before registration and bidding on the auction at least 72 hours prior to the start time of the auction.
  11. If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if the broker/agent attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
  12. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.
  13. Bidder agrees to the above terms and conditions of the auction prior to bidding on the auction. These terms and conditions are made part of the offer to purchase.
Listing Information
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
*Approximately 3,400 square feet 
*Workshop, office space, showroom, loft, and bathroom
*Overhead door into workshop
*Natural gas furnace, gas-fired heater and AC units
*Loft attic
*Zoning is C-2 NBHD Commercial District (per City of Beloit Assessor website - verify your intended use with the city)
*Building previously used as a woodshop
*Cement block construction
*Access into building from two sides of the building
*Large parking area
*Lot size is .22 acres
*Parcel number 13470135
*Assessed value - $26,200
*2019 taxes - $1,443.00
*Title is guaranteed free and clear at closing
*Property neighboring this building will be sold the same night with that auction starting to close at 7:37 PM
*$25,000 minimum opening bid

Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965

Richard Ranft, CAI, AARE, AMM, GPPA
Mobile: (608) 751-2184
Registered Wisconsin Auctioneer #237 - IL #441.001071
WI Real Estate License #51214-090 - IL #478.00010

David Allen, CAI, AARE, AMM, BAS, CAS, GPPA
Registered Wisconsin Auctioneer #5594 - IL #441.00296
Mobile: (608) 333-4586
WI Real Estate License #55947-090 - IL #471.020014

1
1949 St. Lawrence Avenue, Beloit, WI 53511 - see Description/Photos and Be Sure to Visit our Open Houses at the Property
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
*Approximately 3,400 square feet
*Workshop, office space, showroom, loft, and bathroom
*Overhead door into workshop
*Natural gas furnace, and gas-fired heater and AC units
*Loft attic
*Zoning is C-2 NBHD Commercial District (per City of Beloit Assessor website - verify your intended use with the city)
*Building previously used as a woodshop
*Cement block construction
*Access into building from two sides of the building
*Large parking area
*Lot size is .22 acres
*Parcel number 13470135
*Assessed value - $26,200
*2019 taxes - $1,443.00
*Title is guaranteed free and clear at closing
*Property neighboring this building will be sold the same night with that auction starting to close at 7:37 PM
*$25,000 minimum opening bid

Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965
Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965

Richard Ranft, CAI, AARE, AMM, GPPA
Mobile: (608) 751-2184
Registered Wisconsin Auctioneer #237 - IL #441.001071
WI Real Estate License #51214-090 - IL #478.00010

David Allen, CAI, AARE, AMM, BAS, CAS, GPPA
Mobile: (608) 333-4586
Registered Wisconsin Auctioneer #5594 - IL #441.00296
WI Real Estate License #55947-090 - IL #471.020014

TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
  1. This is an ONLINE public auction. Title to the property is guaranteed to be free and clear from all liens and encumbrances. All bidders are required to register online prior to the beginning of the online auction if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in this auction, bidder agrees that all bids he or she submits are irrevocable and binding.
  2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection or other contingencies to sale. No warranty or representation either expressed or implied, concerning the property is made by the Seller or the Auction Company. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.
  3. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between the Auction Company/Auctioneer and buyers will be dealt with through arbitration in Rock County, Wisconsin. By bidding on the property at auction, buyer agrees to all terms and conditions set forth as well as those set at the beginning of the auction.
  4. This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $25,000.
  5. The successful bidder must make a $4,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, June 3, 2020. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement.
  6. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Friday, July 3, 2020. Closing will be conducted at Brabazon Title Company, Inc. in Beloit, WI.
  7. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
  8. Seller to provide title insurance. Buyer acknowledges that buyer is responsible for any and all closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to, the recording of closing documents, mortgage closing costs, and the balance of the sale between buyer and seller.
  9. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
  10. Buyer’s Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer’s agency agreement(s) in place before registration and bidding on the auction at least 72 hours prior to the start time of the auction.
  11. If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if the broker/agent attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
  12. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.
  13. Bidder agrees to the above terms and conditions of the auction prior to bidding on the auction. These terms and conditions are made part of the offer to purchase.
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June 2, 2020 - 1949 St. Lawrence Avenue, Beloit, WI 53511 - Online Real Estate Auction

Beloit Auction & Realty

Beloit Auction & Realty

Contact: Rich Ranft
Phone: 877-364-1965
Sale Location
1949 St. Lawrence Avenue
Beloit, WI 53511
Sale Dates and Times
Sale Terms and Conditions
TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
  1. This is an ONLINE public auction. Title to the property is guaranteed to be free and clear from all liens and encumbrances. All bidders are required to register online prior to the beginning of the online auction if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in this auction, bidder agrees that all bids he or she submits are irrevocable and binding.
  2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection or other contingencies to sale. No warranty or representation either expressed or implied, concerning the property is made by the Seller or the Auction Company. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.
  3. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between the Auction Company/Auctioneer and buyers will be dealt with through arbitration in Rock County, Wisconsin. By bidding on the property at auction, buyer agrees to all terms and conditions set forth as well as those set at the beginning of the auction.
  4. This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $25,000.
  5. The successful bidder must make a $4,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, June 3, 2020. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement.
  6. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Friday, July 3, 2020. Closing will be conducted at Brabazon Title Company, Inc. in Beloit, WI.
  7. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
  8. Seller to provide title insurance. Buyer acknowledges that buyer is responsible for any and all closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to, the recording of closing documents, mortgage closing costs, and the balance of the sale between buyer and seller.
  9. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
  10. Buyer’s Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer’s agency agreement(s) in place before registration and bidding on the auction at least 72 hours prior to the start time of the auction.
  11. If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if the broker/agent attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
  12. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.
  13. Bidder agrees to the above terms and conditions of the auction prior to bidding on the auction. These terms and conditions are made part of the offer to purchase.
Listing Details
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
*Approximately 3,400 square feet 
*Workshop, office space, showroom, loft, and bathroom
*Overhead door into workshop
*Natural gas furnace, gas-fired heater and AC units
*Loft attic
*Zoning is C-2 NBHD Commercial District (per City of Beloit Assessor website - verify your intended use with the city)
*Building previously used as a woodshop
*Cement block construction
*Access into building from two sides of the building
*Large parking area
*Lot size is .22 acres
*Parcel number 13470135
*Assessed value - $26,200
*2019 taxes - $1,443.00
*Title is guaranteed free and clear at closing
*Property neighboring this building will be sold the same night with that auction starting to close at 7:37 PM
*$25,000 minimum opening bid

Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965

Richard Ranft, CAI, AARE, AMM, GPPA
Mobile: (608) 751-2184
Registered Wisconsin Auctioneer #237 - IL #441.001071
WI Real Estate License #51214-090 - IL #478.00010

David Allen, CAI, AARE, AMM, BAS, CAS, GPPA
Registered Wisconsin Auctioneer #5594 - IL #441.00296
Mobile: (608) 333-4586
WI Real Estate License #55947-090 - IL #471.020014

1
1949 St. Lawrence Avenue, Beloit, WI 53511 - see Description/Photos and Be Sure to Visit our Open Houses at the Property
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
*Approximately 3,400 square feet
*Workshop, office space, showroom, loft, and bathroom
*Overhead door into workshop
*Natural gas furnace, and gas-fired heater and AC units
*Loft attic
*Zoning is C-2 NBHD Commercial District (per City of Beloit Assessor website - verify your intended use with the city)
*Building previously used as a woodshop
*Cement block construction
*Access into building from two sides of the building
*Large parking area
*Lot size is .22 acres
*Parcel number 13470135
*Assessed value - $26,200
*2019 taxes - $1,443.00
*Title is guaranteed free and clear at closing
*Property neighboring this building will be sold the same night with that auction starting to close at 7:37 PM
*$25,000 minimum opening bid

Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965
Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965

Richard Ranft, CAI, AARE, AMM, GPPA
Mobile: (608) 751-2184
Registered Wisconsin Auctioneer #237 - IL #441.001071
WI Real Estate License #51214-090 - IL #478.00010

David Allen, CAI, AARE, AMM, BAS, CAS, GPPA
Mobile: (608) 333-4586
Registered Wisconsin Auctioneer #5594 - IL #441.00296
WI Real Estate License #55947-090 - IL #471.020014

TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
  1. This is an ONLINE public auction. Title to the property is guaranteed to be free and clear from all liens and encumbrances. All bidders are required to register online prior to the beginning of the online auction if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in this auction, bidder agrees that all bids he or she submits are irrevocable and binding.
  2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection or other contingencies to sale. No warranty or representation either expressed or implied, concerning the property is made by the Seller or the Auction Company. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.
  3. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between the Auction Company/Auctioneer and buyers will be dealt with through arbitration in Rock County, Wisconsin. By bidding on the property at auction, buyer agrees to all terms and conditions set forth as well as those set at the beginning of the auction.
  4. This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $25,000.
  5. The successful bidder must make a $4,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, June 3, 2020. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement.
  6. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Friday, July 3, 2020. Closing will be conducted at Brabazon Title Company, Inc. in Beloit, WI.
  7. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
  8. Seller to provide title insurance. Buyer acknowledges that buyer is responsible for any and all closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to, the recording of closing documents, mortgage closing costs, and the balance of the sale between buyer and seller.
  9. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
  10. Buyer’s Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer’s agency agreement(s) in place before registration and bidding on the auction at least 72 hours prior to the start time of the auction.
  11. If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if the broker/agent attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
  12. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.
  13. Bidder agrees to the above terms and conditions of the auction prior to bidding on the auction. These terms and conditions are made part of the offer to purchase.
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June 2, 2020 - 1949 St. Lawrence Avenue, Beloit, WI 53511 - Online Real Estate Auction
 Online Only Auction
 
Auction Date(s)
Bidding Starts: Thursday Apr 30 , 02:20 AM
Bidding Ends: Tuesday Jun 2 , 07:07 PM
Auction Location

Beloit, WI 53511
Company
Beloit Auction & Realty

Contact: Rich Ranft
Phone: 877-364-1965
Website: www.beloitauction.com

Listing Terms and Conditions
TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
  1. This is an ONLINE public auction. Title to the property is guaranteed to be free and clear from all liens and encumbrances. All bidders are required to register online prior to the beginning of the online auction if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in this auction, bidder agrees that all bids he or she submits are irrevocable and binding.
  2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection or other contingencies to sale. No warranty or representation either expressed or implied, concerning the property is made by the Seller or the Auction Company. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.
  3. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between the Auction Company/Auctioneer and buyers will be dealt with through arbitration in Rock County, Wisconsin. By bidding on the property at auction, buyer agrees to all terms and conditions set forth as well as those set at the beginning of the auction.
  4. This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $25,000.
  5. The successful bidder must make a $4,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, June 3, 2020. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement.
  6. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Friday, July 3, 2020. Closing will be conducted at Brabazon Title Company, Inc. in Beloit, WI.
  7. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
  8. Seller to provide title insurance. Buyer acknowledges that buyer is responsible for any and all closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to, the recording of closing documents, mortgage closing costs, and the balance of the sale between buyer and seller.
  9. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
  10. Buyer’s Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer’s agency agreement(s) in place before registration and bidding on the auction at least 72 hours prior to the start time of the auction.
  11. If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if the broker/agent attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
  12. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.
  13. Bidder agrees to the above terms and conditions of the auction prior to bidding on the auction. These terms and conditions are made part of the offer to purchase.

ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
*Approximately 3,400 square feet 
*Workshop, office space, showroom, loft, and bathroom
*Overhead door into workshop
*Natural gas furnace, gas-fired heater and AC units
*Loft attic
*Zoning is C-2 NBHD Commercial District (per City of Beloit Assessor website - verify your intended use with the city)
*Building previously used as a woodshop
*Cement block construction
*Access into building from two sides of the building
*Large parking area
*Lot size is .22 acres
*Parcel number 13470135
*Assessed value - $26,200
*2019 taxes - $1,443.00
*Title is guaranteed free and clear at closing
*Property neighboring this building will be sold the same night with that auction starting to close at 7:37 PM
*$25,000 minimum opening bid

Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965

Richard Ranft, CAI, AARE, AMM, GPPA
Mobile: (608) 751-2184
Registered Wisconsin Auctioneer #237 - IL #441.001071
WI Real Estate License #51214-090 - IL #478.00010

David Allen, CAI, AARE, AMM, BAS, CAS, GPPA
Registered Wisconsin Auctioneer #5594 - IL #441.00296
Mobile: (608) 333-4586
WI Real Estate License #55947-090 - IL #471.020014

1
1949 St. Lawrence Avenue, Beloit, WI 53511 - see Description/Photos and Be Sure to Visit our Open Houses at the Property
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
ONLINE REAL ESTATE AUCTION
1949 St. Lawrence Avenue, Beloit, WI 53511

PREVIEWS:
Saturday, May 16, 2020 from 1:00pm - 2:00pm
Saturday, May 30, 2020 from 1:00pm - 2:00pm

AUCTION END DATE:
Tuesday, June 2, 2020
(the auction starts to close at 7:07 P.M.)

HIGHLIGHTS:
*Approximately 3,400 square feet
*Workshop, office space, showroom, loft, and bathroom
*Overhead door into workshop
*Natural gas furnace, and gas-fired heater and AC units
*Loft attic
*Zoning is C-2 NBHD Commercial District (per City of Beloit Assessor website - verify your intended use with the city)
*Building previously used as a woodshop
*Cement block construction
*Access into building from two sides of the building
*Large parking area
*Lot size is .22 acres
*Parcel number 13470135
*Assessed value - $26,200
*2019 taxes - $1,443.00
*Title is guaranteed free and clear at closing
*Property neighboring this building will be sold the same night with that auction starting to close at 7:37 PM
*$25,000 minimum opening bid

Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965
Brokers/Agents see https://www.beloitauction.com/learn/brokers-agents/

BELOIT AUCTION & REALTY, INC.
608.364.1965

Richard Ranft, CAI, AARE, AMM, GPPA
Mobile: (608) 751-2184
Registered Wisconsin Auctioneer #237 - IL #441.001071
WI Real Estate License #51214-090 - IL #478.00010

David Allen, CAI, AARE, AMM, BAS, CAS, GPPA
Mobile: (608) 333-4586
Registered Wisconsin Auctioneer #5594 - IL #441.00296
WI Real Estate License #55947-090 - IL #471.020014

TERMS & CONDITIONS AGREEMENT FOR REAL ESTATE AUCTION
  1. This is an ONLINE public auction. Title to the property is guaranteed to be free and clear from all liens and encumbrances. All bidders are required to register online prior to the beginning of the online auction if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in this auction, bidder agrees that all bids he or she submits are irrevocable and binding.
  2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection or other contingencies to sale. No warranty or representation either expressed or implied, concerning the property is made by the Seller or the Auction Company. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company.
  3. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auction Company are final. Any dispute between the Auction Company/Auctioneer and buyers will be dealt with through arbitration in Rock County, Wisconsin. By bidding on the property at auction, buyer agrees to all terms and conditions set forth as well as those set at the beginning of the auction.
  4. This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $25,000.
  5. The successful bidder must make a $4,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, June 3, 2020. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement.
  6. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Friday, July 3, 2020. Closing will be conducted at Brabazon Title Company, Inc. in Beloit, WI.
  7. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
  8. Seller to provide title insurance. Buyer acknowledges that buyer is responsible for any and all closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to, the recording of closing documents, mortgage closing costs, and the balance of the sale between buyer and seller.
  9. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
  10. Buyer’s Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer’s agency agreement(s) in place before registration and bidding on the auction at least 72 hours prior to the start time of the auction.
  11. If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if the broker/agent attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
  12. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.
  13. Bidder agrees to the above terms and conditions of the auction prior to bidding on the auction. These terms and conditions are made part of the offer to purchase.