Court Ordered Real Estate Auction

Tuesday May 8th - 7pm *** Online bidding only

11516 272nd Ave. NW - Zimmerman MN. 55398

Here is your opportunity in this hot housing market to know if your bid is the high bid immediately.
If you are outbid, you will have a minimum of 5 minutes to increase your bid.

If you have never participated in a real estate auction, call Kevin or Dan and let us explain the process.
The only requirements are that you are at least 18, taken the time be prequalified with your lender so you
don't bid more that you can afford and to have $1,000 readily available for earnest money. It's really that simple!

  • This home was built in 2003
    It has over 2400 Sq. Ft. of finished living area.
  • Located minutes from Hwy 169 on a large 2.91 acre lot
  • It has 3 bedroom, 3 bathroom
  • The Master bedroom has its own master bathroom with a Jacuzzi tub
  • There is a Wet bar in the basement for entertaining
  • There is a covered deck on the main floor
  • The lower level has a stamped concrete patio out the back door
  • There is an attached 3 car garage
  • Forced air heat w/ Central air conditioning
  • The appliances currently in use stay with the property
  • The yard has been landscaped w/ retaining walls and has a sprinkler system
  • It is in Sherburne counties Livonia township
  • It is a short distance from Grams regional park and Lake Fremont
  • Zimmerman district 728 Schools
  • Taxes payable in 2018 are $2,704
  • Taxes will be prorated from the date of closing
  • There are no known pending assessments, Clear title is guaranteed
  • The septic system compliance will be tested prior to the start of bidding. Potential buyers will know the condition prior to bidding

Open House dates: Wednesday April 25th 6:30-7:30, Sunday April 29th 1:00-2:00

Real Estate Terms: $1,000 down payment due at signing with the balance due at closing. All information is deemed reliable; however, it is the buyer’s responsibility to verify all information. This property is being sold As-Is.
Home Inspection: The current property owner/resident has provided seller disclosures. Prospective bidders may at their expense have a non-intrusive home inspection done prior to bidding. The purchase agreement will NOT be contingent on a home inspection.
Closing: On or before 30 days after the auction at a Home Security Abstract and title in Princeton MN.
Buyers Premium: An 8% buyer’s premium will be added over and above the high bid price. This will equal the contract price. Example: A bid of $200,000 + 8% or $16,000 = $216,000 contract price.
Extended bidding: This auction is scheduled to end at 7pm. The bidding time will be extended if there is a bid in the final minutes and  extend as many times as needed until there is no bidding for 5 minutes
Signing of Purchase Agreement: Buyer will have 48 hours to sign the purchase agreement and deliver an earnest money check at a place to be determined.
Sale Contingency: This is a court ordered auction. As such, the court will review the purchase agreement and must give approval for closing to take place. It is unlikely, but in the event the court does not give its approval, earnest money will be refunded to the buyer and all parties will sign a cancellation of the purchase agreement.
Court Appointed Referee: Rhonda J. Magnussen LLC. #199084
Listing Agent: Dan Hiller with Hiller Auction & Realty   
Broker Participation: Available, call Hiller Auction for details

Hiller Auction Service, Inc.

Auctioneer: Kevin Hiller 763-856-2453
Auctioneer: Dan Hiller 612-670-2005
Clerk: Hiller Auction Service inc. 1-800-889-3458
10785 261st Ave. – Zimmerman, MN 55389
763-856-2453 – 1-800-889-3458