Practice Bidding Lot - FREE - Peterson Land & Auction LLC
Practice Bidding Lot - FREE
Lot Number:100
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Start Time:6/10/2024 5:00:00 AM
End Time:6/17/2024 11:00:00 PM
Bid Count:2
Current High Bidder:7****n
Starting Bid:$1,000.00
Bid Increment:$500.00
Current Bid:$1,500.00

If you're new to online auctions, or an experienced user, our practice bidding lot give you the chance to get a feel for how the bidding works!  Bid all you want - it doesn't cost a dime! 

No donations for this lot

Perched above the waters of Lake Francis Case near the iconic Old Highway 16 bridge, this modest yet inviting home offers a unique opportunity for those seeking a blend of simplicity and natural beauty. Located just a stone's throw from downtown Chamberlain, this residence provides convenient access to local shops, dining, and more, making it an ideal spot for anyone looking to enjoy the best of small-town living.

While the house itself is straightforward and unpretentious, it boasts a clean and well-maintained interior, providing a blank canvas for you to personalize and make your own. The cozy layout is perfect for anyone looking to downsize, first-time homeowners, or those seeking a peaceful retreat without the fuss of a larger property.

The true gem of this property lies in its exceptional location. Enjoy the dynamic views of the river and historic bridge, or spending afternoons fishing, boating and more on the Missouri River. The proximity to downtown Chamberlain ensures that you are never far from community events and conveniences.

Whether you're an outdoor enthusiast, a history buff, or simply someone who appreciates a great view, this home offers a rare combination of simplicity and prime location. Embrace the potential and charm of this delightful property and make it your own slice of paradise by the river.

For more information or to schedule a private showing, contact us at 605-234-4214. 

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Owner: Mark Schoenhard

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 $160,000 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 $160,000 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 10% (Ten Percent) of the purchase price as non-refundable deposit 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 July 22, 2024 at Titles of Dakota, 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.  2023 Real Estate taxes due and payable in 2024 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.

204 S River St
Chamberlain, South Dakota 57325
United States