The Maxine Spitler Trust Home & Building Plus Vacant Lots

PARROTT AUCTION

REAL ESTATE AUCTION

Live In Person and Live Online Available

Tuesday, November 19th, 2024, 5 PM Central

607 Dubois, Sumner, IL 62466 (Home, Morton Building on 4 City Lots)

-and-

10 Vacant City Lots Located on North Edge of Town, Sumner, IL 62466

Signs & Multi-page Booklet Brochures will be posted.

!~ 5 PM Excellent Cash Flow Potential -or- Low Cost Owner Occupied Property 5 PM ~!

Tract 1 – 607 Dubois, Sumner, IL 62466

3/4 Bedroom, 2.5 Bath Home with 2 Attached Garage & 4+ Car Morton Building!

This home offers Extreme Sweat Equity Potential with a Reasonable Reserve!

Perfect Candidate for Owner Occupied, Long Term Rental -or- “Flip” Project!

This 1,700+/- Square Foot, Single-story home features an inviting enclosed front porch, living room with open concept design to formal dining room with built in cabinetry, large dine in kitchen with picture window and additional entrance direct from driveway, 3 possibly 4 bedrooms, 2 full baths plus half bath located near kitchen, Partial New Roof, near full basement, 2 Car attached Garage plus rear concrete block garage (alley access) for even more additional storage!

The Real Gem of the Property is “Morton” Building with dedicated meters for gas, water & electric! This well built pole building features 3 overhead doors with automatic openers, natural gas overhead heater (Modine Hot Dawg), built in sink & countertop with 10 gallon hot water heater, PLUS room for 6+ vehicles.

Excellent Boat, Camper, RV, Side by Side or Utility Trailer Storage!

Possible Conversion into “Barndominium” Home!

All Situated on 4 City Lots!

 

Lot Size: Total Lot Size of .55+/- Acre, 4 Lots Total, Each Lot 40' x 150', Total Lot Size of 160' x 150'. 

R.E. Taxes: Seller to pay prorated taxes to date of closing, buyer(s) thereafter. 

Lawrence County Parcel Index Number(s): 04-001-188-00, 04-001-189-00, 04-01-190-00 & 04-01-191-00.

Estimated Owner Occupied Taxes of $

Estimated Non-Owner Occupied Taxes of $

 

 

 

 

 

 

Tract 2 – 10 City Blocks within Sumner, IL City Limits

Endless Opportunities Await! A Full City Block Offers Endless Possibilities.
Expand Your Yard, RV Storage, Storage Units, Future Development!

City Maintained Roads on all Four Sides! (Chestnut, Ivy, Maple & Oak)

Power & Water Available on all Four Sides!

 

Lot Size: Total Lot Size of 2.57+/- Acres, 10 Lots Total, Each Lot 80' x 140', Total Lot Size of 400' x 280'. 

R.E. Taxes: Seller to pay prorated taxes to date of closing, buyer(s) thereafter. 

Lawrence County Parcel Index Number(s): 04-001-605-00 (5 Lots) -and- 04-001-612-00 (East 5 Lots)

Estimated Owner Occupied Taxes of $

Estimated Non-Owner Occupied Taxes of $

Preview: For private tour of the property or more information, please Listing Broker Zane Parrott at 812 – 890 - 5452 for your guided tour!

Open House / Inspection Dates of

Monday, November 4th, 4 - 6 PM Central

-and-

Monday, November 11th, 4 – 6 PM Central

For a Private Tour of the Property, Call Listing Broker Zane Parrott at 812-890-5452 -or- our Lawrenceville Office at 618-943-4905.

Please see www.parrottauctions.com for complete listing and high resolution interior and exterior photos!

 

Approval of Bids: Seller plans to sell the property night of the auction, however, there is a reasonable reserve in place. This land is being sold subject to owner confirmation.

Bid Increments: $50 increment levels from beginning of auction to end of auction on both Properties.

R.E. Terms: 10% down day of sale as non-refundable escrow. 6% Buyer Premium. Balance due, possession & taxes prorated to date of closing. Being sold "As is, Where is". Buyer to have all inspections completed prior to auction & have financial arrangements made prior to auction. 

Termite: Termite Inspection and treatment will be paid by buyer(s).

Draft Auction Purchase Agreement: Digital Copy of the Real Estate at Auction Purchase Agreement will be posted to our website for your viewing, if you have any questions regarding the contract, Please call our Listing Broker and Lead Auctioneer Zane Parrott.

Online Winning Bidder - Contract Signing: Within 30 minutes of Auction Closing, Listing Broker Zane Parrott will contact the high bidder (if online) to make arrangements to sign the contract. You will be given two options: Option 1) Real Estate at Auction Purchase Agreement will be emailed to the high bidder night of auction with buyer dropping of the Non-refundable escrow due next day -or- Option 2) Winning Bidder to be at Parrott Marketing Group, 1205 State Street, Lawrenceville, IL by 9AM following morning to sign contract in person and place non-refundable escrow at same time.

Title Insurance Agent & Closing Agent: Plan to Close by End of Year. Lawrence County Title, Lawrenceville, IL will be the closing agent on the transaction. Parrott Marketing Group, LLC will post Preliminary Title Commitment to www.parrottauctions.com once available under “Documents Tab”. Winning Bidder(s) will be provided copy on auction date. Frank Weber, Attorney for Trust.

Agency: Parrott Marketing Group, LLC and its representatives are acting as Agents for the Seller.

Other Announcements: All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Announcements made from podium day of auction take precedence over any previous information.

 

 

The Maxine Spitler Trust – Seller

Peoples State Bank of Newton Trust Department

Melisa Griffin – Trust Officer

Frank Weber of Weber, Heap, Ayres & Green – Representing Attorney