Historic Smauel D. Kilpatrick Mansion

POSTPONED UNTIL FURTHER NOTICE!
REAL ESTATE AUCTION
HISTORIC SAMUEL D. KILPATRICK MANSION
~~Wednesday, November 15, 2006 4:00 PM~~
LOCATION: 701 North 7th Street, Beatrice, Nebraska

General Description: The Samuel D. Kilpatrick Mansion, listed on the National Register of Historic Places, is a Renaissance revival style mansion maintaining the unique features & character of the early 20th century. The 1st & 2nd levels are approximately 2,600 sq ft per level with a heated ballroom on the third floor & rec room in the full basement. The living room is trimmed in walnut with columns, beamed ceilings & heavy, ornate moldings. The rest of the main floor is trimmed with quarter-sawn oak. The flooring is mostly oak with exception of a mosaic tile entrance & bath areas. The 1st floor fireplace is surrounded by the original individually set jade-colored tile. Other original features include combination gas and electric light fixtures, ornamental chandeliers, plumbing fixtures, open staircase, butler pantry, 2nd floor maid’s quarters & another set of kitchen stairs to the 3rd floor ballroom. The windows are double-hung with chain/weight balances. The windows have leaded, stained & beveled glass inserts, are all operational & considered in pristine condition. The exterior of the home is brick with the original clay tile roof & has an expansive open porch with brick arches. The driveway entrance is covered by the original Porte cochere with a raised stone ledge at carriage height. The drive enters/exits the property on 2 streets with cast iron fence surrounding the property. The home sits on nearly 6 full city lots. The historical significance of the home is well documented with the early development of railroad systems opening up the West. A complete historical profile is available.

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on the Kilpatrick Family & House

This property is being sold subject to minimum bid of $235,000.
The property is open for viewing with the seller’s agent from
2:00 pm - 5:00 pm on the following dates:

Saturday, October 21st
Saturday, October 28th
Saturday, November 11th
The home will also be open for viewing 2 hours prior to the auction.

Legal Description: Lots 3, 4, 5 & 6, South 10 of Lot 8 & East 10' of Lots 9, 10, 11 & 12 and Vacated Alley, Block 7, Cropseys Addition, Beatrice, Gage County, Nebraska (Lot Size: 28,000 sq ft)

Taxes: The 2005 taxes were $3,277.64. The 2006 & prior years taxes will be paid by the seller. The 2007 taxes will be paid by the buyer.

Title & Possession: Possession and final settlement shall occur on or before December 15, 2006, after marketable title is given. Title insurance will be used and shared ½ & ½ between the buyer and seller.

Terms: 10% down day of sale, balance due on or before December 15, 2006.

Bidder Registration Requirements: Although there is no obligation to bid, all prospective buyers must register in order to enter the auction & receive a bidder number. A cashier’s check made out to yourself in the amount of $23,500 must be shown at registration. Once your funds have been examined and approved, you will be issued a bidder’s number. The successful high bidder will be required to sign a purchase agreement immediately upon the conclusion of the auction and to deposit a total of 10% of the sales price as earnest money. The successful bidder will endorse the cashier’s check to Brad Elting & Company, Inc., seller’s escrow agent. Personal checks will be accepted for the additional earnest money.

The sellers have agreed to accept from qualified registered bidders the highest bid equal to or greater than the published minimum bid of $235,000. No bid below this minimum opening bid will be recognized.

This property is not being sold with a financing contingency, so we recommend pre-qualifying yourself with your lending institution before bidding at the auction.

Buyer’s Agents: Seller’s agent will be offering cooperation to other designated real estate agents. Agents must register their clients with seller’s agent 24 hours prior to the auction.

Auctioneer’s Disclaimer: The above information was derived from reliable sources and believed to be correct, but not guaranteed. Prospective purchasers of the auction property are responsible for conducting due diligence of their own, as they consider appropriate prior to the auction. Buyers shall rely entirely on their own judgment & inspection.

Conduct of the auction and increments of bidding are at the discretion of the auctioneer.
Announcements made at the time of the sale take precedence over all written advertising.