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Townhouse / Residential / Investment Property Absolute Auction

Location: Nauvoo Community Center - 1450 Knight Street

6:00 PM Tuesday July 18th, 2017
Selling at absolute public auction will be 5 townhouse style homes located at 410 and 420 Villas Parkway, Nauvoo, Illinois.

Tuesday, July 18, 2017 @ 6:00 p.m.

Sale to be held at the Nauvoo Community Center (Old Grade School), 1450 Knight Street, Nauvoo, IL 62354

OPEN HOUSE: SATURDAY, JULY 1ST from 10:00 A.M. – 12:00 NOON

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LOCATION & GENERAL INFORMATION

Selling at absolute public auction will be 5 townhouse style homes located at 410 and 420 Villas Parkway, Nauvoo, Illinois. The property is ideally located at the northeast edge of historic Nauvoo, Illinois in a beautiful country setting with city amenities. These homes are either 2 or 3 bedroom, range in size from 1,370 sq. ft. to 1,750 sq. ft., have full basements and attached garages. Units 1, 2 & 3 share common walls and are situated on 2.75 acres and Units 4 & 5 share common walls and are situated on 1.46 acres. All 5 units also share common road and sewer infrastructure.

METHOD AND TERMS

All 5 units will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect, in any order, any or all units for their high bid. If the high bidder does not take all 5 units then “Buyer’s Choice” auctioning will continue until all units have been sold.

Immediately following the auction, the successful buyer(s) will enter into a written purchase agreement stipulating the purchase price and terms of the auction. The property sells subject to written covenant easements for the common area, roadway and sewer infrastructure and lift station.

10% of the bid price will be due on the day of the auction, with the balance due in approximately 45 days on (or before) September 1, 2017. Title Insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be prorated to the date of closing. Full possession will be given at the time of closing.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property.

Nauvoo Villa

State Central Bank – Seller

Representing Attorney:
James F. Dennis
James F. Dennis Law Firm
609 Blondeau St., Keokuk, IA 52632
Phone: 319-524-5161

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Venue

Nauvoo Community Center
1450 Knight Street
Nauvoo, IL 62354 United States
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Townhouse / Residential / Investment Property Absolute Auction Auction

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