Land SOLD at Auction
October 7, 2017

Auctioneer’s Note:  Invest in the future of Topeka! 126.4 acres more or less in a prime location in SW Topeka.  Surrounded by housing development and commercial properties. Just west of Wanamaker Corridor shopping and entertainment.  Frontage on SW 21^st St and SW Indian Hills Rd. Great for subdivision or estate(s). Washburn Rural schools.

Electric Substation on Property: In 1956, prior owners granted a right-of-way to Kansas Power and Light, or its successors, to construct and maintain an electric substation and transmission lines.  The agreement runs with the land and is binding on heirs, successors, assigns or lessees of the utility and the owners.  If KPL, or its successors, cause substantial damage to the land, the current owners are entitled to negotiate payment for the damages.  If the utility and the owner cannot agree on the damages, each may select a disinterested appraiser.  The two selected appraisers will select a third, and the three will determine the appropriate damages to be paid.

The successful purchaser will own the land the substation sits upon.  While the land the substation sits on is subject to taxation by the county, the substation itself, and related improvements are not.  The State taxes utilities directly for all of their improvements, lines, real property owned in fee, etc.  Click here to view agreement.

REALTORS® welcome! 1% coop. For all showings, please call ShowingTime at 1-800-SHOWING (1-800-746-9464) or call Darrell E. Simnitt 785-231-0374.

Legal Description: S06, T12, R15, ACRES 126.4, 06-12-15 S 1/2 NW 1/4 & W 1/2 SW 1/4 LESS LESS S 528 OF W 165 OF W 1/2 S W 1/4 & LESS BEG NW COR OF S 1/2 NW 1/4 TH E 653.6, S 217, W 653.4, N 200 TO POB LESS PT PLATTED AS TOPEKA VETERINARY HOSPITAL SUB & LESS TRACT DAF BEG 658.67 E SW COR SW 1/4 TH N 634.5 E 225 S 634.5 W.

Property ID: 1430602001006000

Zoning: RR1 per county

Taxes: $804.66

Lot Size:  126.4 acres more or less per county

Shawnee County Appraised Value: $24,480

Listing Company: Countrywide Realty, Inc.

Terms and Conditions of Auction: The property will sell in its present existing condition with all faults and without warranties provided by the seller or REALTOR/Auctioneers whatsoever.

The property will sell for cash. $3,000 or 10% of the contract price (whichever is greater) down the day of auction with the remainder due upon delivery of the deed and marketable title.

Purchaser to arrange for their own financing. The sale is not subject to any inspections or financing that might be required by the high bidder’s lender. All costs for high bidder’s loan will be the responsibility of the high bidder and not the seller. Real estate taxes to be prorated to the day of closing. The seller reserves the right to refuse the last high bid.

A Transaction Fee of $150.00, to be shared equally between the Seller and Buyer, shall be paid to Countrywide Realty, Inc. at the time of closing.  The Seller and Buyer further agree that any closing fee charged by a closing agent, settlement agent or escrow agent involved in the closing of this transaction, shall be paid by the Buyer.

Each and every bidder is urged to inspect the property before submitting a bid on the property.

All Prospective Bidders: The property will sell in its present condition “as is” “where is” without warranties, guarantees or inspections provided by the seller or REALTOR/Auctioneers whatsoever. All prospective bidders are urged to inspect the property and have any and all inspections completed (at your expense) prior to auction day. Bidders you are urged to review all documents on file with the city, county, state of Kansas, and title reports prior to auction day. All information is provided by others and is deemed reliable but not guaranteed by REALTOR®/Auctioneers. The high bidder accepts the property in its present condition without any inspections provided by the seller or REALTOR®/Auctioneers such as EPA, lead base paint, surveys, structural, mechanical, electrical, plumbing, (septic where applicable), mold mildew, moisture damage, termite damage, EIFS, or code enforcement violations of applicable governing body. Bidders, you should have completed these inspections prior to auction day to your satisfaction. Bidders, you should have completed your risk assessment inspection for the presence of lead base paint within 10 days prior to auction day on homes constructed prior to 1978. Purchaser agrees to sign a waiver to conduct a lead based paint inspection at the time of signing the real estate contract.  (Contact auctioneers with  questions concerning lead base paint.)

The seller and REALTOR®/Auctioneers make no other representation or warranties expressed or implied with respect to the compliance with the accessibility laws or the environmental condition of the premises and the surrounding properties. The property will be sold subject to restrictions, reservations, easements, assessment community contracts, and zoning orders. Bidders should satisfy themselves with respect to all issues which you deem material to the transaction.

Statements made the day of auction takes precedence over anything printed or stated prior to auction day.

Seller(s) and/or REALTOR®/Auctioneers are not responsible for accidents or theft.

Real Estate Licensees: A commission of 1% of the selling price will be paid at the time of closing to any real estate licensee representing a buyer on the day of the auction. However, said real estate licensee must have registered said buyer in writing or Online 24 hours before the day auction with Darrell Simnitt of Countrywide Realty, Inc. and be with said buyer the at the auction. Seller will not offer sub-agency to any real estate licensee. All real estate licensees will represent the interests of the buyer and not the interests of the seller. Realtor/Auctioneers represent the seller and are agents of the seller.

Real Estate Buyer Represtatives Click HERE to register buyer(s).