• 72'X42' BARNDOMINIUM • SPACIOUS 1.15+/- ACRE LOT • CITY SEWER & SEWAGE AVAILABE • EXCELLENT LOCATION
REAL ESTATE AUCTION IN STEPHENSON COUNTY ILLINOIS
125 N Stephenson St Cedarville IL 61013 - Stephenson County Illinois
Owner: Estate of Kevin Bahe Wed, Mar 26, 2025 CENTRALAUCTION IS OVER
TOTAL SOLD: $77,250
| Tract(s): 1 | @ $77,250 |
* A note from Stephenson County Chief Assessment Office - Current taxes are based on vacant lot designation. 2025 taxes will reflect current improvements. Please contact Stephenson County Chief Assessment Office for more information on taxes and assessments.
** Lots are currently zoned Residential - See Downloads for Residential Regulations from the Village of Cedarville
*** An alley currently divides the two Illinois parcels. Please contact Village of Cedarville, IL for more information on how to acquire connecting parcel.
OPEN HOUSE/INSPECTION DATES
Saturday March 15, 2025 from 10am-12pm
PROPERTY LOCATION
125 N Stephenson St Cedarville IL 61013
Head North on IL-26 for 5.1 miles (IL-26 turns into N Stephenson Rd). The property sits on the East side of the road. The driveway has a black gate next to the road.
AUCTION LOCATION
Jane Addams Community Center
430 W Washington St Cedarville IL 61013
PROPERTY DESCRIPTION
Take a look at the start of your new Barndominium right in the center of Cedarville, IL. This property is comprised of 2 lots totaling 1.15+/- acres. The structure still stands at its infancy starting with a 72' x 42' building. Inside there is a 32' x 42' future living space that already has a concrete slab poured with plumbing roughed in. The remaining 39' x 42' shop area has gravel flooring. With a 24' height from floor to peak, the ceilings were planned to be set at 16' with ability for a second story in the living space. The shop has 2 garage doors measuring 10' x 10'. This property is a perfect opportunity to design and create your dream home with plenty of room to play.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: Each property will be offered as a single tract. There will be open bidding during the auction as determined by the Auctioneer.
BUYER'S PREMIUM: A 3% Buyer's Premium will be added to the final bid price and included in the contract purchase price.
DOWN PAYMENT: 10% down payment on the day of auction for each individual tract. The down payment may be made in the form of cashier's check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers' acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed(s).
CLOSING: The targeted closing date will be approximately 45 days after the auction.
POSSESSION: Possession is at time of closing.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due on day of closing and thereafter.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller shall pay for the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
NOTICE: Specifically for the sale of 125 N. Stephenson St, seller's obligations are contingent upon the approval of the sale by the probate court of Stephenson County, Illinois.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
