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Residential Development Land Auction
Online Auction Only!
Visit ThorpeRealtyAuction.HiBid.com to register and bid online!
Bidding Opens: Monday, June 14, 2021 – 10:00 a.m.
Bidding Begins to Close: Monday, June 28, 2021 – 2:00 p.m.
Property Note: Outstanding opportunity to purchase residential development land within the city of Aberdeen, SD. Halstead’s 1st Subdivision consists of 21.589 acres of which 11.223 acres are lots, 5.651 acres is a pond, and 4.715 acres is dedicated for streets. Located adjacent to 15th Avenue NE and very close to a recreation trail. The property is zoned R-2 Medium Density Residential. It is currently platted into 32 lots and ready for further development. It appears only the four outside corner pins have been placed. There appears no evidence the interior pins are in place. Full possession will be delivered upon closing. Since no individual lots have been sold previously successful purchaser could vacate the current plat and plat to their own idea. 2020 Real estate taxes are $2,163.
Legal Description: Lots One through Twelve (1 - 12) in Block One (1), Lots One through Four (1 - 4) in Block Two (2), Lots One through Twelve (1 - 12) in Block Three (3), Lots One through Three (1 - 3) in Block Four (4) and Block Five (5), all in Halstead's First Subdivision to the City of Aberdeen, Brown County, SD, subject to easements, restrictions and reservations of record. Property is currently platted but it appears only the four outside corner pins have been placed. There appears no evidence the interior pins are in place.
PROCEDURE: Bidding begins to close Monday, June 28, 2021 at 2:00 P.M., with a soft close. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3-minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied, and no one can be outbid in the last seconds without having another opportunity to bid again.
Terms and Conditions: This is a cash sale, which means potential purchasers must have their financial arrangements secured prior to bidding. The sale of this property is not contingent upon Purchaser(s) obtaining financing. All financial arrangements are to have been made prior to bidding at the auction. By bidding, the bidder makes representation that the bidder has the present ability to pay the bid price and fulfill the Real Estate Contract. The high bid will only be considered binding upon the seller when seller signs the Purchase Agreement. Whether or not the bidding Internet platform indicated "sold" or "closed" the acceptance of high bid is only binding upon seller when seller signs the Purchase Agreement. Immediately upon the conclusion of the auction, the successful bidder(s) will be required to sign a real estate purchase contract and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of ten (10) percent of the total purchase price. The earnest money payment will be made payable to Thorpe Realty & Auction Trust Account. Balance of the purchase price is due in certified funds upon closing, on or before July 28, 2021. Property is selling in "as is" condition. Property is currently platted but appears only the four outside corner pins have been placed. There appears no evidence the interior pins are in place. Conveyance of marketable title will be transferred by Warranty Deed, free and clear of liens but subject to easements, reservations, and exceptions of record as well as statutory rights of way and other recorded easements at the time of sale. Owner's title insurance will be provided with the cost of the owner's policy shared equally between the Purchaser & Seller. Titles of Dakota will be the closing agent and their closing service fee will be split equally between Purchaser and Seller. Seller is responsible for the 2020 real estate taxes payable in 2021. Purchaser is responsible for 2021 real estate taxes payable in 2022. Seller will convey to the Purchaser all oil, gas and mineral rights related to the Property. Seller makes no representation and does not warrant the nature and extent of such interests. Thorpe Realty & Auction is representing the Seller exclusively. Disclaimer: Property information provided was obtained from sources deemed reliable, however, the Seller(s) and Broker/Auctioneer are not making any guarantees to its accuracy. Potential buyers are encouraged to conduct both on-site and off-site inspections of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding. Information contained herein is deemed to be correct but not guaranteed. Thorpe Realty & Auction is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Thorpe Realty & Auction or anyone else if the Internet service fails to work correctly before or during the auction. Thorpe Realty & Auction reserves the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final.