305 W 2nd, Oacoma, SD

Oacoma, SD, Four Bedroom Home Online Auction

305 W 2nd, Oacoma, SD

October 17, 2024 - 6 pm CDT

Discover a piece of South Dakota history with this well-maintained 1½-story home built circa 1906, located in Oacoma, SD, just off Interstate 90. This home is perfect for those seeking a comfortable and cozy living space while enjoying the beauty of the Missouri River region.

Featuring three bedrooms on the second floor and one on the main level, this house has been thoughtfully updated with all-new floor coverings and fresh interior paint throughout. The main floor offers a modest yet functional kitchen, a combined living and dining room, and a full bathroom with a tub-shower combo, conveniently connected to the laundry room. A covered and screened-in porch off the back of the home provides a relaxing space to enjoy the outdoors.

Set on a very large lot, this property offers endless possibilities—whether you dream of building a spacious garage, planting a garden, or creating a play area for kids, there is plenty of room to make it your own.

This property will be sold by online real estate auction with a starting bid of $155,000, which meets the reserve price. With newer windows, shingles, and a furnace, the house is move-in ready. Homes under $200,000 are hard to find in the current market, making this a rare opportunity to own a charming home in a great location.

While the house may be modest in size, its large lot, recent updates, and proximity to recreational activities make it a great investment for anyone looking to settle in a peaceful, scenic community. Don't miss out!

CLICK HERE FOR LOCATION MAP!

Owner: Patricia Wolf

All potential bidders will need to be approved by the Auction Company prior to bidding using the following requirements/terms.

1.  Each party must register with their full legal name, current mailing address, telephone number and email address.

2.  Each party must provide auction company with ONE of the following:  1) A bank issued pre-approval letter stating the buyer is approved for the starting bid of at least $155,000 and up to the respective bidder's maximum.   2) A bank/financial services company issued letter stating the buyer has cash and/or line of credit available for the starting bid of at least $155,000 and up to the respective bidder's maximum. 

3.  Buyer and Seller agree to execute a written purchase agreement within 24 hours of auction closing.

4.  Buyer shall deposit $5000 (Five Thousand dollars) non-refundable earnest money at time of purchase agreement execution.

5.  No Buyer contingencies of any kind are offered, nor will any be accepted.  These include but are not limited to appraisal, financing, home inspection & home sale.  Potential buyers are expected to have their financial arrangements secured prior to bidding.  Buyers who are unable to close because of insufficient funds will be in default and the earnest money will be forfeited.

6.  Property Inspection:  Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries and due diligence concerning the property.  Each potential bidder shall be liable for any property damage caused by any such inspections or investigations.  Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or or any warranty of habitability.  Property sells in AS-IS condition.  

7.  Closing & possession date shall be on or before November 21, 2024 at Brule County Abstract, Chamberlain, SD.  The closing fee shall be divided equally between the buyer and seller.  

8.  Merchantable title shall be conveyed by Warranty Deed.  Owner's title insurance will be provided with the cost divided equally between buyer and seller.

9.  Property sold by legal description only. Seller is not aware of any boundary issues.  

10.  2024 Real Estate taxes due and payable in 2025 will be pro-rated to the date of closing based on the most current county information.

11.  Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.  

12. No Buyer's Premium on this auction.

13. The laws of the State of South Dakota governs this agreement. Any dispute arising from the terms of this auction shall be brought in a court of Brule County, South Dakota.

305 W 2nd St
Oacoma, South Dakota 57365
United States