Lot # : 2 - Nice 2 Story Home & Office Space, Fayette, MO

Online Only Auction
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Time Remaining: Bidding opens in 12d 7h 21m -
Soft Close
Shipping Available
Fayette, MO 65248
Date(s)
12/4/2024 - 12/8/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

Check photos and descriptions for details. A preliminary title search has been completed on the real estate. If you have any questions about the real estate or the personal property, please reach out to us at 660-788-4298.

Information
Lot # 2
Group - Category Real Estate - Residential
Lead Nice 2 Story Home & Office Space, Fayette, MO
Description
Since 1980 the home has been used as a law office (downstairs) for the Foley Law Firm and the upstairs has served as an apartment. The 2 story Vernacular/Queen Ann home was built by Joseph Megraw and his sons in 1879, they were referred to as master builders and built many structures in Fayette that are still standing today. This was Mr. Megraw's personal home, and it is eligible for the Nation Registry of Historic Places. Home still has all its old Victorian charm feel like the old corbels in the eves, large decorative baseboards and trim, beautiful hardwood floors, etc. In the past 40 plus years the home has had extensive renovations done on it, recent roof, siding & porches in 2023. 1st Floor consists of 4 offices/rooms single bath w/ shower, closets - 2nd Floor consists of a 2-bedroom apartment, kitchen w/ cook stove & refrigerator, small family room, 1 bath w/ shower, utility area w/ closets, washer & dryer included. The home has 2 separate utility meters and entrances. Lot size is 82ftx118ft with rear parking area. Property is zoned commercial but could be changed back to residential if so desired. Upstairs is currently leased until June 30. 2025 for $650.00 per month. Auctioneer’s Note: Home is very nice and clean, make plans to view the home at the open house November 12th from 4-5:30 or call Iman Auction Co for more info. 660-388-6235.
Name Foley Retirement Auction
Auctioneer
Iman Auction Company
Type Online-Only Auction
Date(s) 12/4/2024 - 12/8/2024
Auction Date/Time Info
BIDDING OPEN DECEMBER 4, 2024 - DECEMBER 8, 2024 @ 6 PM
Preview Date/Time REAL ESTATE OPEN HOUSE: NOVEMBER 12, 2024 | 4-5:30
Checkout Date/Time WEDNESDAY, DECEMBER 11, 2024 | 4-6 PM
Location
208 North Church Street
Fayette, MO 65248
Buyer Premium 10% Buyer's Premium - Excluding Property
Description
* AUCTION PICKUP LOCATION: 208 208 NORTH CHURCH STREET - FAYETTE, MO * AUCTION PICKUP: WEDNESDAY, DECEMBER 11, 2024 | 4-6 PM AUCTION & INTERNET TERMS: *10% Buyers Premium on Online Sales EXCLUDING the Real Esatate TO PURCHASE REAL ESTATE - Buyers must be pre-approved by Iman Auction Company (*Not HiBid*) with a bank letter of credit emailed to sold@imanauction.com or phone call to 660-388-6235 / 660-788-4298 * 10% to be paid down within 48 hours of auction closing * Sells with Seller's approval * Closing will be in approximately 60 days, held in 2025 * 2024 Taxes are paid by the seller and the Buyer will be responsible for taxes starting in 2025 * Title insurance paid for by the Seller * Buyers closing cost from title company is the buyers responsibility * Down payment checks made payable to George G. Smith & Son, Inc - Fayette, MO * Certified funds required at closing * A soft close will be used on this auction, if a bid is placed in the closing 2 minutes or less the bidding will extend 2 more minutes - Please call for further explanation if you are unfamiliar with this process * Not responsible for failed internet connections * Bidding early and not at the last second of the auction may allow you a better chance to win the bid * NO BUYER'S PREMIUM CHARGED ON REAL ESTATE ONLY INVOICE PAYMENT can be made with cash (in person only), check (in person only), credit card (3% fee) or debit card (3%). Please make payment within 48 hours of auction close. On Wednesday following the auction close, ALL unpaid invoices will be charged to the credit card on file. If a shipping request has not been received and you are not a Missouri resident, we will assume that you want your items shipped and will follow our shipping protocol. All other requests can also be emailed to sold@imanauction.com. *********NOTE TO BUYER FOR SHIPPNING********* Iman Auction Co holds the final say on shipping items. There are many items that are shipment friendly and we will do our best to accomidate, however, we will determine each lot on case to case basis. All items will be marked as (shipping available) but they may or may not be eligible for shipping. Please understand this when agreeing to the terms. Custom crates and oversized boxes will be charged for cost of material as well as hourly labor during construction.
*10% Buyers Premium on Online Sales EXCLUDING the Real Esatate TO PURCHASE REAL ESTATE - Buyers must be pre-approved by Iman Auction Company (*Not HiBid*) with a bank letter of credit emailed to sold@imanauction.com or phone call to 660-388-6235 / 660-788-4298 * 10% to be paid down within 48 hours of auction closing * Sells with Seller's approval * Closing will be in approximately 60 days, held in 2025 * 2024 Taxes are paid by the seller and the Buyer will be responsible for taxes starting in 2025 * Title insurance paid for by the Seller * Buyers closing cost from title company is the buyers responsibility * Down payment checks made payable to George G. Smith & Son, Inc - Fayette, MO * Certified funds required at closing * A soft close will be used on this auction, if a bid is placed in the closing 2 minutes or less the bidding will extend 2 more minutes - Please call for further explanation if you are unfamiliar with this process * Not responsible for failed internet connections * Bidding early and not at the last second of the auction may allow you a better chance to win the bid * NO BUYER'S PREMIUM CHARGED ON REAL ESTATE ONLY INVOICE PAYMENT can be made with cash (in person only), check (in person only), credit card (3% fee) or debit card (3%). Please make payment within 48 hours of auction close. On Wednesday following the auction close, ALL unpaid invoices will be charged to the credit card on file. If a shipping request has not been received and you are not a Missouri resident, we will assume that you want your items shipped and will follow our shipping protocol. All other requests can also be emailed to sold@imanauction.com.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.00 25.00 USD
9,999,999.01 - 9,999,999.99 123.45 USD
Currency USD
Buyer Premium 10% Buyer's Premium - Excluding Property
Payment Terms
The auction contract calls for 10% of the total sale price to be put down for earnest money. Down payment can be a personal or business check or wire transfer. Earnest money checks must be made out to the title company whom is handling the title work of the transaction. When the entire auction closes with a successful and winning online bidder, contact will be made by the agent(s) of the auction/real estate company to inform of further instruction for payment and contract execution. Money down must be made out to the title company outlined in the contract. The successful bidder must return a signed and dated contract with the money down to the auction/real estate company within 24 hours of auction close. *10% Buyers Premium on Online Sales EXCLUDING the Real Esatate INVOICE PAYMENT can be made with cash (in person only), check (in person only), credit card (3% fee) or debit card (3%). Please make payment within 48 hours of auction close. On Wednesday following the auction close, ALL unpaid invoices will be charged to the credit card on file. If a shipping request has not been received and you are not a Missouri resident, we will assume that you want your items shipped and will follow our shipping protocol. All other requests can also be emailed to sold@imanauction.com.
* AUCTION PICKUP LOCATION: 208 208 NORTH CHURCH STREET - FAYETTE, MO * AUCTION PICKUP: WEDNESDAY, DECEMBER 11, 2024 | 4-6 PM *********NOTE TO BUYER FOR SHIPPNING********* Iman Auction Co holds the final say on shipping items. There are many items that are shipment friendly and we will do our best to accomidate, however, we will determine each lot on case to case basis. All items will be marked as (shipping available) but they may or may not be eligible for shipping. Please understand this when agreeing to the terms. Custom crates and oversized boxes will be charged for cost of material as well as hourly labor during construction.