AUCTION ID #: 426766 Bookmark and Share
USMS: Wichita, KS - 1447 S. Main Street
Item 426766  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 11-16-09    08:00 AM ET
Auction Closed: 11-18-09    02:30 PM ET
Asset Details
Seller Information
      
Seller Name: USM
Rating: Not Applicable
Location: 1447 S Main
Wichita, KS    67213
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Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $14,000
Auction Type: Regular Auction
Source: Government
Deposit Required: $4,000    
Overtime Period: 5 min
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PROHIBITED PARTIES

The contractor, its employees, and their families and/or persons acting for and/or on behalf of the contractor are prohibited from bidding on any property offered for sale by the United States Government.

In order to avoid a conflict of interest, or the appearance of a conflict of interest, the following classes of persons are prohibited from purchasing, either directly or indirectly, property forfeited to the United States which is to be sold under this contract or any subcontract to this contract.

To view the entire Prohibited Parties Terms please click here.

View all USMS auctions at Bid4Assets


Item Specifics
 
Residential Properties  
  Address 1447 S Main
Wichita, KS 67213
United States
  County Sedgwick
  Lot Size 3500 sq. ft
  Number Of Bedrooms 1.00
  Number Of Bathrooms 1.00
  Living Space 708.0
  Year Built 1935
  Property Condition Fair
  Water Public
  Sewer Public
  Occupancy Vacant

Asset Description
The U.S. Marshals Service offers the following asset for auction:
  • Subject property is located at 1447 S. Main, Wichita, Sedgwick County, KS 67213-5207.
  • Assessor’s Parcel Number: 129290440301700
  • Legal Description: North 25 feet of Lot 36, on Main St., E.E. Ford's Addition to the City of Wichita, Sedgwick County, Kansas.
  • Site area is 3500 +/- square feet.
  • Zoning for this property is MF-29, multi-family.
  • This is a detached bungalow style one (1) story property which consists of a living room, kitchen, one (1) bathroom and one (1) bedroom. There are no house numbers on the property and the mailbox is missing. This property has 708 +/- square feet of gross living area. There is also a 396 +/- square feet outbuilding on the property.
  • The neighborhood boundaries for this property is Kellogg to the north, Pawnee to the south, I-35 to the east and Arkansas River to the west.

This is pursuant to a Final Order of Forfeiture dated May 11th, 2009.

Disclosure:The subject property was built prior to 1960. The Seller has no knowledge of lead-based paint hazards in the housing, nor does it have any records or reports pertaining to lead based paint. The Seller will give the buyer the opportunity to conduct a risk assessment or inspection of the property for the presence of lead based paint hazards. This must be done within 10 days following the close of the auction. The winning bidder may also choose to waive the opportunity to conduct a risk assessment or inspection of the property. An addendum has been added to the purchase agreement in regards to this opportunity which must be signed within 24 hours of the close of the auction.


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Bidding Requirements
To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller.

Non-winning bidders' deposits are refunded within (10) ten business days after the close of the auction. This deposit cannot be applied to other auctions.

To find out more about the BidDeposit requirement, click here.
Additional Terms of Service
Sold by the U.S. Marshals Service, which reserves the right to refuse any bid for any reason. Please see the document "General Terms of Sale" found in the due diligence area for further information. Bidders should conduct their own due diligence to determine value.

The assets offered for sale by the United States Marshals Service are either seized by and/or forfeited to the United States under federal forfeiture laws. All Buyers of these assets must understand that the United States, and/or its agencies, agents, officers, employees, and/or assigns (hereinafter referred to as "Seller") has acquired the subject property through seizure and/or forfeiture, and has little or no direct knowledge concerning the title, nature, value, source, authenticity and/or any other aspect or characteristics of these assets.

THEREFORE, the Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

In addition, all Buyers must agree to release and hold harmless the Seller from any and all demands, rights and causes of action, arising from, or to arise from, or by reason of, the Government's seizure, forfeiture, ownership, possession, management, use, sale and/or transfer of these assets.

Inspection Details
This property will be available for inspection one time only on Tuesday, November 10th, between the hours of 10:00 AM and 11:00 AM CT. Prospective bidders wishing to inspect this property must send their request to inspections@bid4assets.com (please include name, telephone number, requested appointment time, and reference auction ID # 426766). Prospective bidders wishing to inspect this property must also complete the "Waiver, Release & Indemnity Agreement" located under the Additional Details tab above. Appointments must be scheduled before 12:00 p.m. ET on October 9th. Prospective bidders will not be admitted onto the property without a scheduled appointment and signed waiver agreement. Inspection will take place BY APPOINTMENT ONLY.
Settlement Requirements
  • Certified/Cashier's Check
  • The successful bidder has 24 hours following the close of the auction to sign a Purchase Agreement. The successful bidder has 30 calendar days to complete the transaction by certified check to the U.S. Marshals Service. If the successful bidder does not perform, the bidder will forfeit his/her/its BidDeposit to the U.S. Marshals Service. The successful bidder will be required to cover any closing costs.

    For assistance, please contact Bid4Assets’ Customer Service team at service@bid4assets.com or 877-4ASSETS (427-7387).

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