50% Ownership of Home and Land (Life Estate) in Madison, Dane County, Wisconsin!

Category Real Estate Land

Current price $14,995.00

Listing type Chinese

Location Madison, Wisconsin 537** US

Quantity sold 0

Quantity available 1

Bids 0

Seller bkassets (802)

Seller rating 93.8% positive feedback

Property Address 841 Ridgewood Way

State/Province Wisconsin

Seller State Of Residence Wisconsin

Zip/Postal Code 53713

City Madison

Acreage 0.14

Type Homesite, Lot

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50% OWNERSHIP OF RESIDENTIAL HOME AND LAND (LIFE ESTATE) IN MADISON, DANE COUNTY, WISCONSIN!
ITEM ID:
Federman01
CASE NAME:
Federman, Krystal B
CASE NUMBER:
15 11930
TRUSTEE:
DESCRIPTION:
Estate's interest in 0.14 acres of land and a small residential home in Madison, Wisconsin. The property is located at 841 Ridgewood Way, Madison WI 53713. The status of water, power, utilities and sewer is unknown. The APN # is 032/0709-352-1034-1. The legal description is lengthy. A copy will be provided to prospective bidders upon request.
The ownership is a Life Estate with the debtor as inheriting the asset from parents. One of the parents is deceased. The other, who resides in the home, is 72 years of age.
The residence is a 3-bedroom 2-bath home totaling 1,872 square feet divided by two floors (ground level and basement). Each level contains 936 square feet. The residence was built in 1957 and has a detached garage of unknown square footage. The residence has aluminum vinyl siding. Interior condition/maintenance is unknown
According to the County Treasurer, 2019 taxes are $3,024.23 and have not been paid. $1,325.59 of that total is now due. 2018 taxes were $2,829.38 and have been paid. There is a total due in past due taxes in the amount of $3,024.53 per the County Treasurer’s office and may be slightly higher after 6/30/20
One of the deed holders is now deceased and the property has been inherited by a relative who has filed. This auction is for 50% ownership. A copy of the death certificate will be provided to the winning bidder
LOCATION INFO:
Per the Assessor, there are numerous residences in the area. The residence is 4 blocks east of the campus of the University of Wisconsin in the River Oaks area of Madison and near Lincoln Elementary. It is approximately ½ west of Lake Monona.
LIENS:
THERE IS A TOTAL DUE IN THE AMOUNT OF $3,024.53 PAYABLE TO THE COUNTY TREASURER. WE DO NOT KNOW OF ANY OTHER LIENS.
NOTES:
A CLOSING COST FEE OF $500 WILL APPLY. THIS IS ALL WE KNOW ABOUT THIS ITEM. ANY FEES/LIENS OWING ON THIS ITEM ARE NOT PART OF THE FINAL BID PRICE. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click "Terms" tab in Seller Store header at top of ad). Please refer to eBay's Bidding Guide for credit card on file requirements for auctions of over $15,000
TITLE AND ESCROW:
A title search was NOT performed on this property. BKAssets does not provide title insurance. If title insurance is desired, the buyer is responsible for obtaining it through a title company. The title company must comply with the terms of the sale as ordered by the court. Because this is a US Bankruptcy Court ordered, ‘as is where is’ sale, BKAssets is not permitted to use an escrow company, or provide any warranties or guarantee, implied or stated.
LEGAL INFO:
By Order of the United States Bankruptcy Court, BKAssets sells this and any other property "AS IS, WHERE IS", with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the property, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property after the sale including but not limited to: paying any fees/costs associated with this property, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT realtors. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a Trustee's Deed. All the information as to the item description has been provided by the management company, County Assessor / Treasurer, Trustee, and/or the Resort. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.
PAYMENT INFO:
$U.S. MONEY ORDER, CERTIFIED CHECK, CASHIER'S CHECK.
A CLOSING COST FEE OF $500 (PAYABLE TO SELLER) WILL APPLY. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.
SHIPPING INFO:
SHIPPING IS FREE TO ALL BUYERS IN THE UNITED STATES. International bidders are welcome, please contact BKAssets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. PLEASE BE ADVISED THAT BECAUSE THIS IS A US BANKRUPTCY COURT ORDERED SALE, AND SUBJECT TO APPROVAL, SHIPPING CAN TAKE AN AVERAGE OF 3-6 WEEKS.

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