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AUCTION ID #: 452318 Bookmark and Share
USMS: Racine, WI - 1119 Hartman Court
Item 452318  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 07-26-10    08:00 AM ET
Auction Closed: 07-28-10    03:00 PM ET
Asset Details
Seller Information
      
Seller Name: USM
Rating: Not Applicable
Location: 1119 Hartman Court
Racine, WI    53404
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Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $9,000
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 1119 Hartman Court
Racine, WI 53404 3041
United States
  County Racine County
  Lot Size 0.065 acres
  Number Of Bedrooms 3.00
  Number Of Bathrooms 2.00
  Living Space 1,340.0
  Year Built 1889
  Water Public
  Sewer Public
  Heating System FWA
  Parking Garage
  Occupancy Vacant
  Display Maps Yes

Asset Description
This Property Has Been Re-listed and the Starting Bid Amount Has Been Lowered

The U.S. Marshals Service offers the following asset for auction:
  • Subject property is located at 1119 Hartman Court, Racine, Racine County, WI 53404-3041.
  • Assessor’s Parcel Number: 07457000
  • Legal Description: Part of the East ½ of the Northeast ¼ of Section 8, Township 3 North, Range 23 East, bounded as follows: Commence at a cut stone monument imbedded in North line of Prospect Street at the center of Forest Street, run thence East 211 feet, thence North 175 feet; from this point, as second place of beginning, run East 80 feet; thence North 35 feet; thence West 80 feet; thence South 35 feet to said second place of beginning. Properly described as the West 80 feet of Lot 116, Stella Addition, according to the recorded plat thereof, Said land being in the City of Racine, County of Racine, State of Wisconsin.
  • Site area is .065 +/- acre.
  • Zoning for this property is R-3, single family residential.
  • The public utilities included to the site are electricity, gas, water and sanitary sewer.
  • The subject neighborhood is considered the City of Racine, the area is basically from High Street south to State Street and from Northwestern east to Douglas.
  • This is a one and a half (1.5) story home which consist of a living room, dining room, kitchen, laundry room, three (3) bedrooms, two (2) bathrooms and an unfinished basement. This home also has a detached garage and a small porch. There are 1340 +/- square feet of above grade gross living area and 728 +/- square feet of gross living area below grade.

This is pursuant to a Final Order and Judgment dated July 8th, 2009.

Disclosure :The subject property was built prior to 1960. A Lead Based Paint inspection and Risk Assessment is currently being performed on this property by certified and licensed risked assessor and is expected to be completed prior to the start of the auction. The report will be added to the Additional Details Section of this auction listing once it has been completed.


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.

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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