121 S Tracy St Wichita, KS 67209

Listing details for 121 S Tracy St, Wichita, KS 67209 : THIS PROPERTY SELLING IN A MULTI-PROPERTY AUCTION CONDUCTED OFF-SITE AT THE HOLIDAY INN (549 S. ROCK RD.) AUCTION AUGUST 11TH AT 6:00 P.M. DOORS OPEN AT 5:00 P.M. FOR REGISTRATION, OR PRE-REGISTER ONLINE. NO PREVIEW/NO OPEN HOUSE. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT’S WEBSITE. NO MINIMUM, NO RESERVE!! 1,547 sf, 3 bedroom, 2 bathroom 1 1/2 story home with basement and large detached 2-car garage. Current tenant has occupied the property for 6 years. Property Information Packet coming soon! The contract for deed was signed on December 1st, 2011  with an initial principal balance of $80,000 with an interest rate of 9.0%. Monthly payments under the contract for deed are $800. There are currently 26 years remaining under the initial term of the contract for deed. As of, 07/13/2016, the principal balance owing is $76,528.19.*Buyer acknowledges that this property had no inspection period and accepts this property with any and all defects. The real estate is offered at public auction in its present, “as is, where is” condition and is accepted by the buyer without any express or implied warranties or representations from seller or seller’s broker/agent. The real estate is further offered subject to an existing installment contract for deed and the corresponding equitable interest of the occupant. The seller will assign its rights under the contract for deed to the buyer at closing. After closing, all future monthly principal and interest payments called for by the contract for deed will be made either directly to the buyer or to an escrow agent for disbursement to the buyer, depending on the buyer’s preference. Any information regarding the real estate provided or to be provided by seller or seller’s broker/agent was obtained from a variety of sources and neither seller nor seller’s broker/agent have made any independent investigation or verification of such information and make no representations as to the accuracy or completeness of such information. This real estate is not available for showings and will not be available during the open house. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $3,500.