Lot # : 1 - 20690 State Hwy 81 Darlington WI - 3.99 Acres

A 3.99-acre parcel near Darlington that can be honed into a residential location with ample big toy storage, or a small farmette. The old-fashioned farmstead includes a 2-story house, small barn, and machine shed. The large 5-bedroom house may need some updates, but is in sound condition. There is a well and an older septic system. The parcel includes a small pasture, and a mix of mature trees surrounds the house. On a major highway, close to town. 1. The winning bid is subject to Court approval in United States Bankruptcy Court (Eastern District of Wisconsin) Case No. 20-21042-kmp. 2. The successful bidder will sign and deliver a standard Offer to Purchase form within 24 hours of the close of the auction. The offer must be a cash offer with no contingencies of any kind. 3. A 10% buyer's premium will be added to the high bid to determine the actual selling price. 4. Earnest money shall be $20,000 regardless of the purchase price and shall be deposited with Gavin Bros. within 24 hours of the close of the auction. If the winning bid is accepted and approved, the earnest money will be applied toward the purchase price. If the bid is rejected by the seller, or is accepted by the seller but not approved by the Bankruptcy Court, the earnest money will be returned to the buyer. 5. The seller has until September 23, 2022 to accept, reject, or counter today's winning bid. 6. The offer may not be rescinded by the buyer prior to Midnight of September 23, 2022. 7. If the offer is accepted, closing will take place on or before October 15, 2022. 8. Gavin Bros. reserves the right to retain the earnest money and deliver it to the seller if buyer fails to close on the transaction or the transaction is terminated based on buyer’s breach or default. 9. In the event of a counter offer, today's high bidder will be given the first opportunity to accept any counter offer. 10. THE BUYER IS PURCHASING THE PROPERTY IN ITS "AS IS" CONDITION WITH ALL ITS FAULTS. NO WARRANTIES ARE MADE AS TO HABITABILITY, USE OR FITNESS FOR A PARTICULAR PURPOSE, THE ELECTRICAL SYSTEMS, MECHANICAL SYSTEMS, STRUCTURAL SOUNDNESS, WELL, SEPTIC SYSTEM, OR ANY OTHER ASPECTS REGARDING THE PROPERTY. BUYERS SHALL RELY ENTIRELY ON THEIR OWN INSPECTIONS OF THE PROPERTY. 11. The property corners have not been marked. 12. A Real Estate Condition Report has not been provided and will not be provided; the buyer is purchasing the property in its "AS IS" condition. 13. Real estate taxes for 2022 will be prorated at the time of closing based on the 2021 taxes.