If you've never bid on an online auction, or just need a quick refresher, this lot is your opportunity to play around with online auction bidding.
Bid away - It is FREE!
All potential bidders will need to be approved by the Auction Company prior to bidding using the following requirements/terms.
1. Each party must register with their full legal name, current mailing address, telephone number and email address.
2. Each party must provide auction company with ONE of the following: 1) A bank issued pre-approval letter stating the buyer is approved for the starting bid of at least $685,000 and up to the respective bidder's maximum. 2) A bank/financial services company issued letter stating the buyer has cash and/or line of credit available for the starting bid of at least $685,000 and up to the respective bidder's maximum.
3. Buyer and Seller agree to execute a written purchase agreement within 24 hours of auction closing.
4. Buyer shall deposit $20,000 (Ten Thousand dollars) non-refundable earnest money at time of purchase agreement execution.
5. No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to appraisal, financing, home inspection & home sale. Potential buyers are expected to have their financial arrangements secured prior to bidding. Buyers who are unable to close because of insufficient funds will be in default and the earnest money will be forfeited.
6. Property Inspection: Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries and due diligence concerning the property. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations. Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or or any warranty of habitability. Property sells in AS-IS condition.
7. Closing & possession date shall be on or before November 7, 2023 at Brule County Abstract, Chamberlain, SD. The closing fee shall be divided equally between the buyer and seller.
8. Merchantable title shall be conveyed by Warranty Deed. Owner's title insurance will be provided with the cost divided equally between buyer and seller.
9. Property is being sold by legal description only. Seller is not aware of any boundary issues.
10. 2022 Real Estate taxes due and payable in 2023 will be paid by the Seller at closing. 2023 Real Estate taxes due and payable in 2024 shall be pro-rated to the date of closing based on the most current county information.
11. Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.
12. No Buyer's Premium on this auction.
13. The laws of the State of South Dakota governs this agreement. Any dispute arising from the terms of this auction shall be brought in a court of Brule County, South Dakota.
Chamberlain, South Dakota 57325
Cedar Ridge Executive Home - Online Real Estate Auction!
Introducing a truly once-in-a-lifetime opportunity that brings together spacious and classic living, along with breathtaking vistas - a home of extraordinary allure that will be available through online real estate auction. This remarkable residence stands tall above Chamberlain, offering an awe-inspiring panorama of the Missouri River. The chance to make this terrific property your own is just a bid away.
This residence boasts an impressive main floor spanning 3159 square feet, matched by a fully finished walk-out basement. With six bedrooms and 3.5 bathrooms, this home ensures ample space for family and guests alike, ensuring both comfort and privacy.
The heart of the home, an open floor plan, seamlessly blends elegance with practicality. The kitchen is a testament to timeless taste, offering an abundance of cabinets and counter space, centered around a generously-sized island that accommodates seating for 4-6 individuals. The main living space, adorned with vaulted ceilings and vast windows spanning the western side, welcomes natural light and provides stunning views. The master suite is a haven of relaxation, featuring a sitting area, double sinks, a jetted tub, a separate shower, and a large walk-in closet. The master bedroom extends its appeal with direct access to the expansive deck stretching across over 800 square feet along the western facade, an idyllic setting for hosting gatherings, relaxation, and embracing the captivating sunsets.
Descend to the finished walk-out basement, where a expansive living room awaits, complete with a propane fireplace framed in custom oak. This level accommodates three generously-sized bedrooms, providing a peaceful retreat. Storage needs are met by a spacious storage room and mechanical room.
The 1600+ square foot garage, finished and heated, includes an extra-deep 16' x 42' stall, perfect for accommodating recreational vehicles or a workshop.
The property's crowning glory is its private, elevated location, providing panoramic views that sweep across Chamberlain and the meandering Missouri River. This is a rare opportunity, seldom found in Central South Dakota.
It doesn't get any better than this amazing property. Don't miss out on owning a property that sets the standard. The privacy, space, views and convenience offered here are rarely duplicated. For more information or to schedule a private showing, contact us at 605-234-4214.
Owner: Delmar & Joyce Wevik