Real Estate Auction, De Smet, SD

July 27, 2023 10:00 am

311 Chase St. NW, De Smet SD

Directions

Located NW of downtown, on Chase St NW.

Sold for $22,000.00

Auctioneer Notes

Attention DIY Enthusiasts or Handy Men/Women! Don’t miss out on this affordable real estate investment opportunity. The seller lives out of state and is unable to oversee the property, providing a unique opportunity with a motivated seller on a residential house with a large, spacious lot! Auction will be held live, on site, and the property will be open for full viewing and inspection for perspective buyers the morning of the sale.

Overview

This single family, residential home presents a “fixer-upper” opportunity with a house in need of many repairs and maintenance, or the opportunity to build new on a spacious, double lot. The house has 748 square feet on the main floor and features an additional 748 in the full basement. Per county records the house has 3 beds, 2 baths, and a detached 24x28 double garage. The property is highlighted by an oversized, double 75x220 ft. lot. The lot provides ample room for additional improvements or new construction. The owner lives out of state and the city is requiring attention to the property, presenting this opportunity for an affordable residential property in the heart of De Smet, north of the downtown district. The property will be open the morning of the sale for full viewing inspection.

Description

All of Lot 2 & W ½ of Lot 3, Block 4, Ely’s Addition, City of De Smet, 57231, Kingsbury Co., SD

Terms

Terms: 10% non-refundable earnest money deposit due day of sale. Balance due on or before August 28th, 2023. Title Insurance and Closing Fee split 50/50 between buyer and seller. Real Estate Taxes to be prorated to date of closing. The property is sold as is without contingencies, guarantees, warrantees, and subject to confirmation of the owners. The property is also subject to any existing easements or write-of-way restrictions. Real estate taxes are to be prorated to closing. All descriptions and information are believed accurate but not guaranteed. Statements made the day of sale take precedence over all written material. Sellers and agents are not responsible for accidents or theft. Personal items at the property will be the responsibility of the new buyer. The personal rep for the estate did not previously occupy the property and is to be held harmless in this transaction. The property has been vacant and is being sold as is, where is. The new buyers will assume the responsibility to clean up and repair the property or remove the structures, per city requirements. The city has deemed that the property needs to be addressed for attention to the property. Please contact the city office for details. New buyers are responsible for conducting their own due diligence for future uses or practices, and to work with the city of De Smet to adhere to their requirements. The house has been vacant for some time and appears to need many repairs, updates and maintenance. Auctioneers represent the seller in this transaction and are to be held harmless for statements or representations made about the property. Tim Hogan, Atty., Ribstein & Hogan Law Firm – Attorney for Estate.

Owner

Estate of Robert Lee; Scott Lee Personal Rep – Owner

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC. 605-692-7102 or Office@burlagepeterson.com.