iAuction Terms & Conditions 

1. Procedure: Bidding ends Monday, November 28, 2022 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Lump Sum.  

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Tuesday, November 29, 2022 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. BIDDING: Once submitted, a bid cannot be retracted.  

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, December 29, 2022. 

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a Warranty deed conveying merchantable title to the real estate to the buyer(s). 

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

10. REAL ESTATE TAXES: The 2022 Real Estate taxes to be paid for by the seller.  

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. This property is subject to prior sale. 

Lawrence, KS Land iAuction - Stockwell Property

20.02± Acres just mintues west of Lawrence!  

Property Preview Sunday, November 6^th 1:30PM to 3:30PM. 

Bidding ends Monday, November 28, 2022 at 10:00 AM. 

Check out this prime location to build your dream home just minutes from West Lawrence!  These 20.02± acres are located on 1600 road just 2.5 miles west of the K-10 and Highway 40 junction.  Located in the Lawrence school district including Free State High School and Langston Hughes Elementary and offers quick access to the Turnpike, Lawrence Sports Pavilion, shopping, and restaurants.  Imagine your custom-built dream home on this wonderful property that comes along so rarely this close to Lawrence.  The property has open area for home construction, mature timber, walking paths, a pond, and right off paved 1600 road sums up just how special this property is for a home build site.   

For more information call or text Dan Melson (785) 979-3402 

Directions: From the K-10 / highway 40 junction on the west edge of Lawrence, go west on 40 Highway 2 miles to 1600 road.  Turn west on 1600 Rd and continue west one-half mile to East 650 Rd.  The property is on the south side of 1600 Rd, access is off East 650 Rd.