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Bid History for Buildable Lot PIN 11-25-426-001
Auction Start Date: 05/10/22 4:19 PM ET
Auction End Date: 06/06/22 6:12 PM ET
Asset ID: 2 Number of Bids: 55
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| Buildable Lot PIN 11-25-426-001 | |
| Auction Closed | |
| High Bidder: | s*********0 |
| Sold Amount: | $15,300.00 |
| Buyer's Premium (12.50%): | $1,912.50 |
| Total Price: | $17,212.50 |
| View Bid History | |
| Terms and Conditions | |
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Up for auction is a buildable lot located in an ideal setting in Marengo, IL. This lot is nearly a half-acre at approximately 0.46 acres and is on the corner of Cascade Drive and Whitetail Drive. This lot is owned by the City of Marengo and is currently undeveloped. It is zoned R-1, pin number 11-25-426-001. The Northern corner of the lot is in a flood zone, see images for detail. ---- Buyer is responsible for closing costs, to be determined after auction. ---- To arrive at this lot, from Route 176, turn north on North Prospect Street, exit the first right onto Woodland Drive, left onto Whitetail Drive, to the intersection of Cascade and Whitetail. ---- • Due diligence is upon the buyer. • The property is being sold “as-is” and no representations are made regarding the property. • The highest bidder is responsible for all fees associated with this listing and fees associated with any property sale, closing costs, etc. • The buyer may, at their sole discretion, obtain a survey at the buyer’s sole expense. • The highest bidder will execute a Purchase and Sale of Real Estate Agreement that sets forth all of the terms and conditions of the sale. • The highest bid is subject to approval by The City of Marengo and the City Council Body at the June 13, 2022. If approved, the seller will execute the Purchase and Sale of Real Estate Agreement.
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 Questions and Answers
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Q: is there any liens on this property and taxes are not pass due? (5/13/22 1:53 AM) A: I do not show any liens or past due property taxes on this parcel. It has been owned by the City of Marengo for a number of years and has no such issues. (5/16/22 2:04 PM) |
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Q: Are there and builder or deed restrictions on this parcel? (5/18/22 5:10 AM) A: Any restrictions can be found in our codebook that can be accessed here. https://www.cityofmarengo.com/wp-content/uploads/2014/07/zoning-codebook-complete.pdf (5/20/22 2:11 PM) |
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Q: Can a duplex be built on a lot zoned R-1? (5/18/22 8:53 PM) A: R-1 Zoning only allows for a single family dwelling. More on our Zoning, ordinances, and codes can be found here: https://www.cityofmarengo.com/wp-content/uploads/2014/07/zoning-codebook-complete.pdf (5/20/22 8:12 AM) |
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Q: What utilities are available? (5/31/22 5:32 PM) A: There is City Water and Sanitary Sewer available at this lot. (6/3/22 2:47 PM) |
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 Seller Information
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 Payment
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Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below.
PAYMENT If you are the winning bidder, you will facilitate payment by referring to the My Bids section of your account.Note: 1. Payment is due within 5 (five) business days of auction closure. 2. Any invoice $5,000 or above requires payment via wire transfer. 3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ. SALES TAX When applicable, sales tax is calculated based upon the auction’s advertised location.If you are seeking sales tax exemption, you must complete Liquidity Services’ tax exemption form(s). We recommend doing this prior to the auction’s closure or before making payment. To do so, please visit Liquidity Services' Tax Exemption Submission Tool.
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 Special Instructions |
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| NOTICE: If you are the winning bidder and default by failing to adhere to this sellers terms and conditions your account with Liquidity Services WILL BE LOCKED. Guaranty Waiver. All property is offered for sale 'AS IS, WHERE IS.' Marengo, IL makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final. Description Warranty. Seller warrants to the Buyer that the property offered for sale will conform to its description. Any claim for misdescription must be made prior to removal of the property. If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid. The liability of the seller shall not exceed the actual purchase price of the property. |
