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Residential
2 Beds
1 Bath
1,482 ft2
0.37 ac
Lane County
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Opening Bid $100,000
Auction Starts Dec 02
Current Bid $100,000
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Current Increment:
$25,000
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Remaining Time: 12 Days, 22:00:09
Property Details
Beds
2
Bath
1
Living Space
1,482 sq ft
Lot Size
0.37 ac
Year Built
1927
Property Type
Residential
Sub Type
Single-Family
Product Type
Second Chance
Property ID
VRM368437
Description

2BR 1BA 1,482+/- sf 1-story single-family. Built in 1927. Approx .37ac lot.

SPECIAL NOTES: 

  1. Seller to pay Taxes, HOA, and Municipal/Utility Liens.
  2. Bids below the reserve may be presented to the seller for consideration.
  3. Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer.

2BR 1BA 1,482+/- sf 1-story single-family. Built in 1927. Approx .37ac lot.

  • Buyer will not be charged a Buyers Premium or Auction Service Fee.
  •  Buyer's Agent Commission: Not offered.
  •  Buyer is responsible for all escrow and closing fees typically ranging from $750-$3000. It is the Buyer's responsibility to contact a local title agency or real estate attorney for a property specific estimate prior to placing a bid.
  •  Closing must occur on or before 30 days from seller's acceptance of offer.
  •  Buyer is responsible for obtaining possession of the property after closing.
  • The property is being offered As-Is, Where-Is, without any contingencies.
  • Seller will agree to transfer title via Special Warranty Deed (or jurisdictional equivalent) if buyer secures title insurance, at buyer's expense, without delaying the closing date. If buyer does not purchase title insurance, Seller will transfer the property via quit claim deed (or jurisdictional equivalent).

This is a HUD Second Chance home auction. Second Chance means it did not sell to a new homeowner at the Foreclosure Auction. During this Second Chance auction period, Seller advises the home is discounted below Seller's appraised value. This is a limited time opportunity.

Property Disclosures

* Property is being sold in an as-is condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area.

* Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a pre-qualification letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction.

* Utilities Disclosure. The utilities to this property are not currently turned on and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing.

* Buyer understands and acknowledges that square footage, acreage, and/or bedroom and bathroom count for the building sited on the property is based on an appraisal or county assessor information. Buyer further understands and acknowledges that measurements/acreage/count can vary from a few feet to several hundred feet regardless of source (County Assessor's records, appraisal, or appraisal measurement report, etc.) and that said sources may contain erroneous information or measurements/acreage/count. Buyer should conduct their own investigation and satisfy that the size and/or square footage, acreage, and bedroom/bathroom count of the dwelling/building is acceptable to the Buyer prior to placing any bid or offer on a property. By placing a bid or offer on a property, Buyer is accepting the property in "as-is where-is condition" and agrees to be bound to the bid or offer should a discrepancy arise.

*Well Test Disclosure. The Property may be subject to an Oregon domestic well testing inspection. If said inspection is required, the test will be ordered and performed prior to closing. Buyer is purchasing the Property as-is, where-is, and Buyer acknowledges and understands that neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition of any well that may or may not be located on the property. Buyer agrees to comply with all requirements necessary to obtain the necessary permits and will make arrangements to correct any noted violations at Buyer's expense. Buyer accepts all responsibility for any remediation, fees, or terms required by the authority thereof. Buyer should conduct an investigation into cost of compliance with well requirements prior to bidding.

*OR Forest Practices Act Disclosure. Seller is unaware of any reforestation requirements placed on this property. Buyer accepts sole responsibility for researching reforestation requirements for this property under the Oregon Forest Practices Act. Buyer accepts the Property as-is, where-is, and shall be responsible for any remediation, fees, or terms required by and under the Oregon Forest Practices Act.

Legal Description

Beginning at the Witness corner to the Meander corner on the North bank of the Siuslaw River between Section 29 and 30, Township 17 South, Range 9 West of the Willamette Meridian, said Witness corner to the Meander corner being by Dependent Re-Survey recorded as being North 1 degree 10' east 12.60 chains from the Southeast corner of section 30, thence North 73 degree 50 1/4' West 3225.15 feet to an iron pipe on the South right-of-way line of the Willamette Pacific Railroad, said point being the True point of beginning; thence South 24 degree 49' West 156.52 feet to a point on the bank of the Siuslaw River thence South 67 degree 03 1/2' East 110.05 feet straight line distance following the bank of the Siuslaw River to a point; thence North 24 degree 40' East 152.35 feet to a point on the Southerly right-of-way line of the Willamette Pacific Railroad; thence North 64 degree 52 1/2' west 110.0 feet along the Southerly right-of-way line of the Willamette Pacific Railroad, to the true point of beginning, all in Lane County, OR

Licensing
OR Bang Realty - Oregon, Inc., Lic. No. 201238786; Brian L. Brockman, Lic. No. 201236414.
Quick Terms
  • "As-Is, Where-is", no contingencies to sale
  • No Buyer's Premium
  • 1% Down-payment ($1,500 minimum)
  • View full Terms of Sale
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