OLO Merrillville Real Estate Auction - Min. Bid $118,900
Open House: October 4th 1pm-3pm. Can't make it? Call for a private showing.
Online Only
Real Estate Auction
Bidding Begins to Close October 14th @ 5:30pm CDT
Located at 7501 Independence St Merrillville, IN.
Here is a great opportunity to purchase conveniently located home in Merrillville. Built in 1950 this two-story home features 1899 square feet of space, 3 bedrooms, 1.75 baths, and hardwood floors. Home has a full unfinished basement that adds potential for more finished space. Detached from the home is a 32' x 24' garage that was built in 1978. Behind the garage is a large newer woodshed, for additional storage space. Home sets on a 0.52-acre lot. This property is located within minutes of downtown Crown Point, US 30 and I-65. This would make the perfect home for somebody or an outstanding income property, the possibilities are endless! Taxes 2025 Pay 2026: $930.90 (with exemptions).
Minimum Opening Bid: $118,900.00
"Sells to the highest bidder at or above the opening bid!"
Open House: October 4th 1pm-3pm. Can't make it? Call for a private showing.
Owner: Michael Mirin
General Terms: $10,000 non-refundable down payment due within 24 hours of sale closing, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final today of closing, minimum opening bid of $118,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome with pre-auction registration.
Kraft Real Estate Auctions, LLC - AC31900011
Col. Conrad Kraft- AU01023657
Jonathan Kraft – AU10500173
Managing Broker: Jay Mayden
219-973-9240 ~ Info@KraftAuctions.com
KraftAuctions.com
DOWN PAYMENT: $10,000 down payment within 24 hours of auction closing and with balance in cash at closing. The down payment may be in the form of cash, cashiers 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.
BUYER`S PREMIUM: A buyer's premium of 10%, will be added to the final bid price of the property.
APPROVAL 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.
DEED: Seller shall provide a warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place in 30 days,
POSSESSION: At closing.
REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: There shall be no survey
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.