Koochiching County Tax-Forfeiture Tract 18 (PID 92-129-12070)

Full Description

Condition: UNKNOWN Condition: SEE DESCRIPTION STATE OF MINNESOTA TAX-FORFEITED PROPERTY, MANAGED BY KOOCHICHING COUNTY General Description PLAT OF WALLACE ADDITION TO KOOCHICHING Lots 7, 8, and 9; Block 12 (1718 4th Avenue West) This is a vacant lot. Buildings were previously razed. Parcel Number: 92-129-12070 Starting Bid Price: $6,230.00 Bidding for the first auction period on this tract will open on Monday, October 12, 2026 at 8:00 A.M. CST and will close on Tuesday, November 10, 2026 at 10:00 A.M. CST. If unsold in the first auction period, this tract will be offered again in a second auction period starting Tuesday, November 17, 2026 at 8:00 A.M CST and close on Wednesday, December 16, 2026 at 10:00 A.M. CST. Obligation of Bidder At the time of auction's closing, each bidder will be presumed to have read and to be thoroughly familiar with any and all plans, contract documents and documents attached to the auction listing, including but not limited to Koochiching County Online Land Sales: Standard Disclaimer and the Koochiching County Terms and Conditions. The failure or omission of any bidder to examine any form, instrument or document shall in no way relieve any bidder from any obligation in respect to their bid. A winning bid by a qualified buyer constitutes a legally binding contract. Payment Terms - Amount(s) Due Upon Sale Full Payment Full Payment of the total sale value. State Assurance Fee 3% of total sale price of land and structures. This percentage is state mandated and goes into the State's General Fund to cover losses in the event that the state has to defend its right to forfeit land. Assessments Purchasers of land within the city limits of the City of International Falls, Ranier, Littlefork, Big Falls, Mizpah, and Northome are encouraged to contact the City Clerk of the respective city regarding any unpaid special assessments and payment arrangements. Land purchased within the East Koochiching Sewer District should contact that office for the same. Any new assessments against the property for public improvements after the property forfeited shall be assessed against the property and paid at the time of purchase. Any municipality or other public authority is authorized to make a reassessment or a new assessment to a parcel in an amount equal to the remaining unpaid original assessment at the time of forfeiture (Minn. Stat. 429.071, Subd. 4 and 435.23). Check with the city or township clerk and county for any additional assessments that existed prior to forfeiture, which may be re-assessed by the municipality. Recording Fee $46.00 or as set by the Koochiching County Recorder. Deed Fee $25.00 Deed Tax 0.0033 times the purchase price or $1.65 minimum, whichever is greater. Buyer Premium: 5% of total sale price of land and structures. This percentage goes to Public Surplus as a Buyer s Fee. Payment Requirements DO NOT PAY FROM THE PUBLIC SURPLUS WINNING NOTIFICATION. KOOCHICHING COUNTY WILL CALCULATE AND NOTIFY THE WILLING BIDDER A NOTICE OF AWARD INCLUDING THE FINAL AMOUNT DUE. Payment must be made by Cash, Cashier's Check, Personal Check, or Money Order made payable to the Koochiching County Auditor-Treasurer. Previous Default: Payment must be made by certified funds if purchaser has ever made payment that has been returned non-sufficient funds (NSF). When the auction closes, the Koochiching County Land & Forestry Department will notify the winning bidder to begin processing the transaction. Your prompt response is appreciated to complete the transaction in a timely manner to avoid having your bid considered null and void. The successful bidder will be required to remit payment in full to Koochiching County within ten (10) business days from the date of the Notice of Award. If payment is not received within ten (10) business days, Koochiching County reserves the right to sell the property to the next highest bidder or repost the auction. Prohibited Purchasers No person or entity that is an owner or taxpayer of