1327 N WACO AVE Wichita, KS 67203

HIS PROPERTY IS BEING OFFERED IN A MULTI-PROPERTY AUCTION VIA LIVE STREAM WITH REAL TIME BIDDING, AUCTION BEGINS AT 5:30 PM ON MAY 20TH. ONLINE BIDDING IS AVAILABLE THROUGH SELLER AGENT'S WEBSITE. PROPERTY IS SELLING WITH CLEAR TITLE AT CLOSING AND NO BACK TAXES. PROPERTY PREVIEWS AVAILABLE. The contract for deed was signed on 03/04/2020 with an initial principal balance of $49,500 with an interest rate of 10%. Monthly payments under the contract for deed are $725.00. There are approximately 6 years remaining under the initial term of the contract for deed. As of April 2021, the principal balance owing is $41,087.80. 5-bedroom, 2-bathroom bungalow home with an attached, 1-car garage located just a few blocks east of the Arkansas River! The exterior features vinyl siding, a covered front porch, security lights, and a fully fenced yard.  The interior of the home offers hardwood floors and a formal dining room. Three bedrooms, two bathrooms, and a separate laundry room complete the main floor. A second story includes two additional bedrooms.The garage was previously a 2-car garage but half of it has been framed and finished with drywall and now functions as a storage area. The real estate is further offered subject to an existing installment contract for deed and the corresponding equitable interest of the occupant. The seller will assign its rights under the contract for deed to the buyer at closing. After closing, all future principal and interest payments called for by the contract for deed will be made either directly to the buyer or to an escrow agent for disbursement to the buyer, depending on the buyer's preference. A copy of the contract for deed and a payment history are included in the property information packets, available under the “Downloads” section. | This property is one of a package owned by this landlord. The landlord has indicated that generally they own all appliances excluding non-mounted microwaves but to include stove, dishwasher, refrigerator vent hood or vented microwave hood. If a unit doesn't have Central Air the landlord furnishes window units. Individual appliance packages may vary and Seller is only conveying what is present and owned by them at the time of closing. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller's agents. It is incumbent upon buyer to exercise buyer's own due diligence, investigation, and evaluation of suitability of use for the real estate prior to bidding. It is buyer's responsibility to have any and all desired inspections completed prior to bidding including, but not limited to, the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint or lead based paint hazards; presence of radon; presence of asbestos; presence of mold; electrical; appliances; heating; air conditioning; mechanical; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns, or any other desired inspection. Any information provided or to be provided by seller or seller's agents was obtained from a variety of sources and neither seller nor seller's agents have made any independent investigation or verification of such information and make no representation as to the accuracy or completeness of such information. Auction announcements take precedence over anything previously stated or printed. Total purchase price will include a 10% buyer's premium ($1,500.00 minimum) added to the final bid. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $5,000.