No Reserve! House on 4.6 Acres. 432 Highway W. Sullivan (Stanton) MO 63080. Legal description: Franklin County RE Pin: 28-7-25.0-0-002-030.000 Subdivision: TURKEY HOLLOW Sec-Twp-Rng: 25-41-2W A 2.5% Buyer Premium will be added to your bid which will determine the final sales price. Please factor this into your overall investment. A $20,000 Down Payment, which is non refundable (unless seller terminates the sale) is required at signing. This down payment shall be held by the Auction Company or Title Company. The balance is due at closing. Closing shall be done by Hansen Title Co, Union, MO. No Contingencies. Please conduct your inspections and due diligence prior to bidding. All real estate is sold "As-Is". Please ensure that you have viewed the home in person and asked any questions prior to bidding. By Placing a bid and winning you are entering into a legally binding contract. You must contact the auction company to arrange a personal viewing or attend an open house. ALL PROPERTY SELLS IN "AS-IS" AND "WHERE-IS" CONDITION WITH NO GUARANTEES OR WARRANTIES EXPRESSED OR IMPLIED. BIDDER/BUYERS ARE RESPONSIBLE FOR FULL DUE DILIGENCE. PROPERTY SHALL BE AVAILABLE FOR INSPECTION BEFORE AUCTION ENDS BY APPOINTMENT. THERE WILL BE THREE OPEN HOUSE DATES FOR THIS PROPERTY. A 2.5% BUYER PREMIUM IS ADDED TO ALL WINNING BIDS WHICH SHALL CONSTITUTE THE FINAL SALE PRICE OF LOT. PLEASE FACTOR IN THIS AMOUNT TO YOUR OVERALL INVESTMENT. THE PREMIUM SHALL APPLY REGARDLESS OF SALE METHOD. PLEASE DO NOT BID IF YOU DO NOT UNDERSTAND THE TERMS OF THIS SALE. IF YOU WIN THE BID, YOU WILL BE DETERMINED TO BE THE WINNER AND WILL BE LEGALLY OBLIGATED TO RENDER A DEPOSIT AT CONTRACT SIGNING WITHIN 48 HOURS, AND THE BALANCE AT CLOSING. WINNING THE BID ENTERS YOU INTO A CONTRACT BETWEEN YOU AND THE SELLER. PLEASE DO NOT BID IF YOU ARE NOT PREPARED TO COMPLETE THE TRANSACTION PER THE TERMS OF AUCTION SALE LISTED HERE. This auction is open to both cash buyers and any Qualified buyer using conventional financing. A 2.5% BUYER PREMIUM IS ADDED TO ALL WINNING BIDS WHICH SHALL CONSTITUTE THE FINAL SALE PRICE OF LOT. This home is Not bank owned. This is Not a tax sale or distressed property. It is privately owned and being sold by the original owner's family. All inspections are welcome! The home qualifies under most all forms of financing. It is essentially a for sale by owner, using a licensed auction company to establish price through public auction and broker sale. Please consult your lender. Bidding starts on October 14 2024 at 12:00PM and concluded on November 10th at 12:00PM (Soft Close) The auction will end with a 'soft close'. This means that if a bid is placed within the last 5 minutes of the auction, it will automatically restart a 5 minute clock. Repeat bids will restart this 5 minute countdown. This can happen as long as bids are placed. So please be aware of how the sale ends. If you are uncertain, please consult auction company and we will be happy to explain and answer any questions you may have. Please contact Franklin County Estate & Auction Service to arrange your viewing or if you have any questions. Contact@franklincountyauction.com 636.222.7000 TERMS AND CONDITIONS. PLEASE READ! Winning bidder is legally bound to render a $20,000 Non-Refundable down payment at contract signing which must take place within 48 hours of auction end. If you are not prepared to meet with the seller within 48 hours and tender the down payment at the contract signing, please do not bid! If you have a firm preapproval for this property, which can be VERIFIED through your lender, a reduced down payment of $10,000 is possible! THERE ARE NO Contingencies! Down payment must be made within 48 hours of auction end when contract is signed. The balance upon closing within 30 days, or as dictated by the closing company. Financing is permitted. Please ensure that you are qualified or otherwise preapproved if seeking financing and able to close prior to bidding. All inspections which may be required are permitted. Please contact auction company to arrange for your inspection or appraisal company to have access. Please have Any inspections required for financing done PRIOR to bidding! Once contract is signed and down payment made, the down payment is NON REFUNDABLE. Only if the seller breaches contract will the buyer be entitled to a refund. There is a 2.5% Buyer's Premium which will be added to the high bid and shall constitute the sale price. Please factor this into your bid. All Real Estate is sold "AS-IS" and "WHERE-IS". While this home is clearly well cared for and has been maintained by a very conscientious owner, and is represented as free of any known defects and move-in ready, it is still up to the bidder to complete their due diligence prior to bidding! Please contact auction company to arrange access for any inspections you may wish to do or which you are required to complete Prior to bidding. Please Do Not Bid if you are Not serious. Registering and bidding on this home is a legally binding act. Bids are NOT retractable. Once you bid, you are bound by the terms of auction. Please bid within your range of purchase. Please do Not bid any amounts you are not capable of paying by the closing date. Closing Time Frame: 30 days is the general time frame. However, extensions shall be granted when lender or closing company have legitimate cause. Under these circumstances, closing shall occur as dictated by required processes of lender or closing company. This Auction has a Soft Bid Closing! This means that bids received in the last 5 minutes will automatically extend the auction by an additional 5 minutes. This process will continue for as long as bids are received. Please be aware of how this works. If you have any questions, please do not hesitate to email or call the auction company. 636-222-7000 or contact@franklincountyauction.com The Seller at closing will convey good and marketable title. Buyer and Seller will be equally responsible for customary closing costs issued by the Title Company. This contract will not be contingent on the buyer's ability to obtain financing. If the buyer is unable to obtain financing or otherwise defaults, he or she will forfeit their earnest money. If the high bidder does not tender the down payment and sign the contract within 48 hours of the sale, the seller will not be obligated to sell the property to the high bidder and may choose to enter into a contract with another buyer, if one is willing and available. High bidder should Not assume this will be the case and only consider bidding with the intention of following through. If after 48 hours the high bidder has not entered into the contract and tendered down payment, seller and auction company will pursue any and all remedies allowed by law and this contract. High bidder shall only be released from their obligation if auction company releases them in writing. The auctioneer reserves the right to cancel, suspend, extend or reschedule an auction event or to make changes to the auction closing times in the event of any unforeseen technical or legal issues. The auction company or their auction host (Hibid) shall Not be responsible for any errors in which cause a bidder to miss placing a bid or for any potential failure of the system to expedite their bid. The auction company strongly suggests that bidders place their bids well ahead of the closing time. In the event that any provision of this Agreement is determined to be invalid or unenforceable by a court of competent jurisdiction, such invalidation shall not invalidate the remaining portions of this Agreement, and those remaining provisions shall be enforced and remain in full force and effect. EACH BIDDER ACKNOWLEDGES AND AGREES THAT ALL PROPERTY IS OFFERED, AND IS BEING SOLD, IN ITS “AS IS” AND “WHERE IS” CONDITION, WITH ALL FAULTS, DEFECTS AND LIMITATIONS, WHETHER OR NOT APPARENT. Any information provided by Seller or Franklin County Estate & Auction Service regarding sizes, floor plans, square footage and/or bedrooms/bathrooms for the Properties are approximations and their accuracy is not warranted or guaranteed by any such parties. Such approximations are based only upon available information provided by the Seller. Actual sizes, floor plans, square footage, bedroom/bathrooms and/or other details may vary. Neither Seller nor Franklin County Estate & Auction Service shall be liable for any allowance, adjustment or revision in value of the Property based upon the failure of the Property, its appliances, or its floor plan to conform to any specific standards and every party is urged to verify such information independently. You acknowledge and agree that you are bidding for and, if you are the Winning Bidder, acquiring the Property in its present state and condition, with all defects, both patent and latent, and with all faults of the Property whether known or unknown, presently existing or that may hereafter arise. You acknowledge and agree that Franklin County Estate & Auction Service and the Seller have not made, do not make and specifically negate, and disclaim, any representations, warranties, promises, covenants, agreements or guarantees of any kind or character whatsoever, whether express or implied, oral or written, past, present or future, of, as to, concerning or with respect to the Property. This disclaimer shall include: (a) the value, nature, quality or condition of the Property, including, without limitation, the water, soil and geology; (b) any income to be derived from the Property; (c) the suitability of the Property for any and all purposes, including occupancy, and any activities or uses which may be conducted thereon; (d) the compliance of or by the Property or its operation with any laws, rules, ordinances, or integrity of the land or any buildings or improvements of any applicable governmental authority or body; (e) the habitability, merchantability, marketability, profitability or fitness of the Property for any particular purpose; (f) the manner or quality of the construction or materials, if any, incorporated into the Property; (g) the manner, quality, state of repair or lack of repair of the Property; (h) the existence of any view from the Property or that any existing view will not be obstructed in the future; (i) the conformity of the improvements to any plans or specifications for the Property that may be provided to you; (j) the conformity of the Property to applicable zoning or building code requirements; (k) the existence of soil instability, past soil repairs, susceptibility to landslides and/or sinkholes, sufficiency of under-shoring, sufficiency of drainage, or any other matter affecting the stability or integrity of the land or any buildings or improvements situated thereon; (l) whether the Property is located in a special studies zone under the public resources code or a seismic hazards zone. PRIVATE VIEWINGS BY APPOINTMENT ARE ALSO AVAILABLE AT AN AGREED UPON DATE AND TIME. PLEASE CONSULT AUCTION COMPANY. ANY INSPECTIONS OR SURVEYS YOU WOULD LIKE TO FACILITATE AT YOUR OWN EXPENSE ARE WELCOME, AND WE ARE HAPPY TO ALLOW ACCESS TO YOUR INSPECTIONS BY APPOINTMENT. PLEASE CONTACT AUCTION COMPANY TO MAKE AN APPOINTMENT. THIS IS A GREAT PROPERTY AND WE FEEL CONFIDENT IN ITS CONDITION. WE MUST, FOR ALL LEGAL PURPOSES, STATE THAT CONDITIONS ARE NOT KNOWN AND MUST ADVISE ALL BIDDERS TO DO THEIR DUE DILIGENCE. AUCTIONEER'S NOTE: This home has been owned by the same person since the 1980S. The owner has taken great pride in this home, doing major upgrades and expansion. It is important to note that some value estimations given on the net are not factoring this information and are basing their estimations on the original structure from the early 80s. The seller has added an entire upper story to the home. Thave done significant upgrades to the structure itself. The home has 2 hearing units, central air, brick pillars, rod iron fence, pellet stove in family room. 2nd floor has 16" floor joist with silent floor with 2x6 trust joists with 6" insulation. 30 windows replaced with Anpaul double glass windows. 4 ton and 2 ton Reem heating systems. 15 years ago a complete septic system was installed with new field lines. This is an amazing property! We strongly encourage you to come out to the open house on October 19th between 1-5PM or contact the auction company to arrange your private viewing! Also, check back for an additional open house date to be added. Mr. Guasto has taken great pride in this home. We are honored to be able to broker the sale on this unique property. This is not a cookie cutter house! It has a distinct layout and boasts a Lot of space! The home sits just a couple minutes drive from both I-44, as well as being just down the road from Meramec Caverns! Great neighbors, yet plenty of privacy for you and your animals.