Houghton's Auction Service

LOCATION: At the property - Spring Creek Ave. North, Red Wing, MN. (Spring Creek 2nd addition.)

Thursday, August 9, 2012

6:00 p.m.

City of Red Wing

RESIDENTIAL LOTS

Located on Spring Creek Ave. North (Spring Creek 2nd addition).
Lot 2, Block 1, Spring Creek 2nd Addition, 85'x140.84'.
Lot 3, Block 1, Spring Creek 2nd Addition, 85'x140.83'.
Lot 5, Block 1, Spring Creek 2nd Addition,
90.62'(front)x119.89'(rear)x140.82'.

Don't miss this great opportunity to buy a city lot - whether building now or in the future, this may be the perfect opportunity. Great location offering country setting, near the Cannon Bottoms.

TERMS: Down Payment - the successful bidder will be required to present a $1,000 earnest monies check per lot made out to the Goodhue County Abstract Company Trust Account. A buyer's fee of 7% will be added over and above the high bid. This will equal the contract price. Buyers are responsible for the deferred assessments, which can be paid over a 10-year period on real estate taxes. Closing - the successful bidder will enter into a MN standard purchase agreement at the conclusion of the auction. Closing will be September 10, 2012 or sooner. Closing will be conducted by the Goodhue County Abstract Company of Red Wing, MN, at which time the buyer will receive marketable title. If for any reason the buyer is unable to complete this transaction the down payment will be forfeited. Inspection/Preview of property is essential. Property is being sold as-is, where-is condition. No warranties or guarantees, absolutely no contingencies whatsoever. Buyers are asked to inspect the property and have their finances in order prior to the auction.

CALL FOR INFO OR VIEW: www.houghtonauctions.com

City of Red Wing

AUCTIONEERS: Registered Minnesota and Wisconsin Auctioneers Todd Houghton, MN Lic. #25-47, WI Lic. #181
Red Wing, MN - 651-764-4285; Brian Sander, Lic. #25-89, Red Wing, MN - 651-301-2344

CLERK:

Check out all our auctions at www.houghtonauctions.com