NEW FORFEITURE Tract 3: City of Floodwood, Parcel 125-0010-01570, B22260046

Full Description

Condition: UNKNOWN MINNESOTA TAX-FORFEITED NEW FORFEITURE SALE ALL SALES MUST BE PAID IN FULL. STATE OF MINNESOTA TAX-FORFEITED PROPERTY, MANAGED BY ST. LOUIS COUNTY Tax-Forfeited New Forfeiture Sale: This sale is governed by Minnesota Statute 282.005. All sales must be paid in full. Minnesota statute requires that all new forfeitures be offered at public auction unless they are repurchased or withheld by the Department of Natural Resources (DNR). Properties are first offered at the initial price, which is the estimated market value (EMV). Initial Price: $47,000.00 At this auction, we cannot accept less than the initial price - bidding will start at the initial price. If no buyer is willing to pay the initial price, the price for the property will be reduced to the minimum bid and reoffered at auction. Minimum Bid: $7,732.60 The initial price auction will open on October 7th and close on October 21st at 11:00 a.m. CDT on Public Surplus. Remember: Your bid is the same as a contract - Please only bid on property you are serious about buying. A winning bid constitutes a legally binding contract. St. Louis County reserves the right to block/ban bidders who refuse to pay for land purchased. GENERAL DESCRIPTION: This property is being sold AS IS . It is the bidder's responsibility to research the site, documents, and permitted uses and zoning regulations prior to bidding. The failure or omission of any bidder to inspect the site or examine any form, instrument or document shall in no way relieve any bidder from any obligation in respect to their bid. Location: 106 4th Avenue East, Floodwood Parcel: 125-0010-01570 Acreage: +/- 0.14 City/Township: CITY OF FLOODWOOD Legal: Lot 6, Block 11, FLOODWOOD Note: Click on image above to visit the County Land Explorer Comments: This approximately 0.14 of an acre parcel includes a 1 story structure and detached garage. Condition of structures and utilities is unknown. Zoning is R-2 (Low Density Residential). Contact the City of Floodwood for permitted uses and zoning questions. Any abandoned personal property remaining is part of the sale. Recording fee of $46.00 (Abstract). ***If you are interested in purchasing tax-forfeited property on public auction, you must pay any/all of your delinquent taxes prior to purchasing or bidding. At the time of this auction's closing, each bidder will be presumed to have inspected the site and to have read and to be thoroughly familiar with any and all plans and documents (including any addenda) attached to this auction listing. PAYMENT: Costs Subject to Bid Up - The following fees are based on your final bid and will be added to the total sale price : Buyer Premium of 3.5% State Assurance Fee of 3% Deed Tax: $1.65 for sales up to $3,000, or .0033 times the Total Sale Value plus Buyer Premium for sales over $3,000. Please note: St. Louis County does not charge sales tax on tax-forfeited land sales. Closing Costs - The following fees are not subject to bid up, but will be due at the time of payment : Deed Fee: $25.00 Recording Fee: $46.00 (Abstract) Well Fee: $0.00 **Do not pay from the Public Surplus winning notification - wait for the St. Louis County Land and Minerals Department to calculate the final amount after you submit your Registration Form. Payment must be made by Cashier's/Certified/Personal Check or Money Order made payable to the St. Louis County Auditor . MUST BE PAID IN FULL. When the auction closes, the seller will send the winning bidder an email 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. Failure to make payment within 10 calendar days may result in the item going to the next highest bidder. We reserve the right to block/ban bidders who refuse to pay for land purchased. TITLE St. Louis County does not warrant the condition of title or provide a survey of the property. Transfer of property title shall be in the form of