AUCTION DETAILS

Auction Details

Custom Home Built in 2015 on 5 Acres

Photos

Brief Description

This custom home was built in 2015 and sits on five acres just north of Rochester, MN. The home boasts loads of space with over 1,700 square feet on the main-floor with another 1,500 plus square feet on the lower level ready to be finished. 

Auction Schedule

Live On-Site Auction with Online Bidding

Begins: 10/24/17 at 6:00 PM CDT

Location: 9879 50th Ave NW, Oronoco, MN 55960

Inspection

Began: 10/16/17 at 4:00 PM CDT

Ended: 10/16/17 at 6:00 PM CDT

Location: 9879 50th Ave NW, Oronoco, MN 55960

Inspection

Begins: 10/22/17 at 1:00 PM CDT

Ends: 10/22/17 at 3:00 PM CDT

Location: 9879 50th Ave NW, Oronoco, MN 55960

Inspection

Begins: 10/23/17 at 3:00 PM CDT

Ends: 10/23/17 at 6:00 PM CDT

Location: 9879 50th Ave NW, Oronoco, MN 55960

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Details

This custom home was built in 2015 and sits on five acres just north of Rochester, MN. The home boasts loads of space with over 1,700 square feet on the main-floor with another 1,500 plus square feet on the lower level ready to be finished. 

This property and the adjoining equestrian center on 35 acres will be sold at auction on October 24. Interested parties are encouraged to discuss the property with Paul McCartan from our team. He can be reached via cell phone (515 320-7600) or email (paul@grafeauction.com). 

This custom home was built in 2015, sits on five acres, and is a short commute to Rochester. The main floor boasts 1,714 square feet and features two bedrooms both with private baths and walk-in closets. There are a half-bath and laundry room on the main floor. 

The main floor also features a large open kitchen, dining room and great room layout with gas fireplace, and a large deck off of the dining room that overlooks the adjacent equestrian center and riding arena. 

The lower level of the home is ready to be finished to suit your needs and boasts 1,594 square feet. The home features central air and heat with an air exchanger.

The property taxes for 2017 are $4,730. Additional information is available from Olmsted County: http://publicaccess.co.olmsted.mn.us/PT/Datalets/Datalet.aspx?mode=&UseSearch=no&pin=841941081694&jur=055&taxyr=2017

Immediately adjacent to this property, we will also offer a 35,512 sqft custom designed equestrian center with upgrades throughout built new in 2015 nestled in the rolling hills just north of Rochester, MN. The property boasts a 272' x 78' riding arena and 172' x 78' barn with (40) stalls and 44' x 20' entryway.

Terms of Sale

Registration: To qualify as an approved bidder, you will need to provide a bank letter of guarantee or pre-approval letter to our office. You may do so via email to paul@grafeauction.com.
Earnest Money
: A sum in the amount of ten percent (10%) of the purchase price in the form of cash or check payable as a down payment, shall be deposited as earnest money by the high bidder paid in trust to Grafe Realty Co, but to be returned to the Seller if the Buyer fails to perform pursuant to the Purchase Agreement. Therefore, the earnest money is non-refundable.
Buyer’s Premium: A ten percent (10%) buyer’s premium will be added to the high bid price to equal the contract price used in the purchase agreement. For example, a bid price of $500,000.00 would equal a contract price of $550,000.00 ($500,000 + $50,000). 
Brokers Participation Accepted: A broker co-op of 3% will be paid to properly registered brokers. Contact our office for full details.
Real Estate Taxes: will be prorated to closing.
Terms: Cash, due and payable at time of closing. The successful bidder will enter into a standard Minnesota Purchase Agreement with an as-is addendum. It will be at the Auctioneer’s discretion as to the increments of bids and process to reach the top and final bid. Any financing (mortgage or otherwise), if necessary, should be made prior to the auction. The property is sold without contingencies in an AS IS condition. 
Closing: on or before December 21, 2017.
Preview of the property is essential prior to the auction!
Reservations: Property is sold subject to easements of record, and sold subject to seller's confirmation of final bid price.

Gallery: Photo Highlights

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Map


Grafe Auction Company

http://www.grafeauction.com

1025 Industrial Dr. Spring Valley, MN 55975

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