AUCTION ID #: 502061 Bookmark and Share
6518 S Sangamon St, Chicago, IL 60621
Item 502061  
Winning Bid: USD $1,210
Number of Bids: 14
Winner: tuninvestments
Reserve: No Reserve!
Status: Sold
Auction Started: 06-17-11    02:00 PM ET
Auction Closed: 07-14-11    03:17 PM ET
Asset Details
Seller Information
Seller Name: valuehomes
Rating: Seller Rating - 4.5 (45)
Location: 6518 S Sangamon St
Chicago, IL    60621
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Bid Increment: $100
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $1
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 7.0%
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Asset was Sold
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Item Specifics
 
Residential Properties  
  Address 6518 S Sangamon St
Chicago, IL 60621
United States

Asset Description
6518 S Sangamon St, Chicago, IL 60621

DESCRIPTION

Heavy Fixer

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ADDITIONAL DETAILS

Address 16518 S Sangamon St
CityChicago
StateIL
Zip60621
County


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Additional Terms of Service

***only bid on this house if you are truly interested in purchasing the house for your bid amount, and only if you are prepared to send the 20% deposit within 48 hours.

Buyer is responsible for any property back taxes and any back water bills. Please verify these amounts with the county. Please be advised: In Chicago, the County may require the back water bill to be paid prior to recording the deed.

This home is a “fixer” and the Seller offers this real estate 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 this house. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding this property. 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, are 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. We recommend visiting the property before purchasing.



PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,

  • A satisfactory inspection of the property
  • Completion of a title search
  • Investigating back property taxes and
  • Other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 7.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
Payment Type
  • You are bidding on the full purchase price. If the winning bid amount is less than $2,000, the full purchase price plus fees will be due within 48 hours after the auction close. If the winning bid is more than $2,000, a 20% deposit will be due within 48 hours and the balance of payments will be due within 7 days of the auction close. There will be a $500.00 deed fee and a 7% buyer's premium added to purchase price. Upon receipt of the payment/deposit, a contract signed by the seller will be sent to you to sign and send back to seller. Upon receipt of full payment, the quitclaim deed will be sent to the County to be recorded into your name and a copy of the quitclaim deed will be sent to you. We accept cashier’s check, wire transfer, and money order.