Auction Information

300 S Cherry St Somonauk, IL

Thu Mar 23 - 11:00AM

300 S Cherry St, Somonauk, IL Click to Map

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300 S Cherry St Somonauk, IL
Auction Starts: 9:00 AM 3/21/2023 Auction Ends: 11:00 AM 3/23/2023 Nominal Opening Bid: $100,000. Special Incentive: $1,000 closing credit to qualified bidders with accepted bid/offer A 1,204+/- sq ft 3 bedroom, 2 bathroom built in 1902 This Property is currently only available to Owner/Occupants, Government Entities, or HUD Approved Non-Profits. See details below. . SPECIAL NOTES: (1) OWNER OCCUPANTS ONLY (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Bids below the reserve may be presented to the seller for consideration. (4) Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer. (5) The subject property is reported to be Occupied. Buyers will not be permitted to access the property prior to closing. 3BR 2BA 1,204+/- sf single-family. Built in 1902. Approx .25ac lot. Taxes approx $3,706 . • Buyer will not be charged a Buyers Premium or Auction Service Fee. • Buyer's Agent Commission: $1,000.00. • 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 didn’t 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. NoBuyersPremium Broker Licenses: IL Williams & Williams Worldwide Real Estate, LLC, Lic. No. 481.011284;Jeffery L. Oberling, Lic. No. 471-017576.; Monte Lowderman Auc. Lic. 440000708
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IL Williams & Williams Worldwide Real Estate, LLC, Lic. No. 481.011284;Jeffery L. Oberling, Lic. No. 471-017576.; Monte Lowderman Auc. Lic. 440000708

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