2 Bedroom 1.5 Bathroom Home on .58 Acres
Online Only Auction
603 S Royal St, Royalton, IL 62983
Begins to End: January 15, 2026 Thursday 2:00 PM
Call us today to schedule a showing 1-800-272-9791
Spacious Brick Ranch on .58 Acres – Online Auction January 15th! Discover character and potential in this solid 1,740-square-foot brick ranch home, situated on an expansive 0.58-acre lot. Designed for entertaining, the interior features a formal living room and a formal dining room that comfortably accommodates larger furniture pieces. The heart of the home is a warm family room, separated from the kitchen by a striking rock wall with built-in bookshelves. This stonework is mirrored in the cozy gas fireplace. The eat-in kitchen includes a pantry closet for extra storage. The floor plan features 2 bedrooms and 1.5 baths; the master bedroom is a private retreat accessed through the second bedroom and past the full bath. Practical features include a whole-house fan and a partial basement providing an ideal storm shelter. Please note, the interior walls show visible cracks and the basement stairs require repair, providing an opportunity for custom updates. Outside, the property includes a concrete driveway, an attached 1.5-car garage, and a handy storage shed.
Tax ID: 10-33-110-011
Year Taxes: $0.00
Exemptions: Owner Occupied, Homestead, Senior
Zoning: Residential
Year Built: 1910
Home Square Footage: Approx. 1,740
Partial Unfinished Basement: Approx. 403
Block
Lot Size: Approximately 0.58 Acres
Dimensions: 180 x 140
2 Bedrooms ~ 1.5 Bathrooms
Rooms and Dimensions:
Living Room: 19 x 13 Carpet
Dining Room: 13 x 12 Hardwood
Kitchen: 19 x 14 Wood Laminate
Family Room: 19 x 13 Carpet
Master Bedroom: 13 x 11 Carpet
2nd Bedroom: 13 x 13 Hardwood
Full Bathroom: 8 x 5 Vinyl
Half Bathroom: 5 x 4
Attached Garage: 20 x 23
Features:
- Brick and vinyl siding exterior
- Ranch-style home
- Fee simple ownership
- 1910 construction
- Vacant property
- Level lot
- Rolled asphalt roofing
- Wood foundation
- Patio and porch
- Private entrance
- Storage shed
- Attached garage with garage door opener
- Concrete driveway
- Central air
- Public water
- Public sewer
- Gas forced air heat
- Whole-house fan
- Sump pump
- Ceiling fan
- Gas fireplace with gas logs in living room
- Partial basement (unfinished with concrete block)
- Formal dining room
- Eat-in kitchen with pantry closet and table space
- Gas cooktop and gas oven
- Dishwasher
- Built-in bookcases
- Wood laminate floors, some wood floors, some carpeting
- Display windows, insulated windows, wood frame windows
- First floor laundry with in-kitchen hookup
Who Should Consider This Property:
- First-time homebuyers looking for an affordable entry into homeownership with character and space.
- Real estate investors seeking a property with strong rental potential in a small-town setting.
- Handy DIY enthusiasts ready to add personal touches and make cosmetic updates.
- Retirees or downsizers who want single-level living on a spacious lot.
- Families needing room to spread out both inside and outside on nearly 0.6 acres.
Directions:
From Main St (IL-149), head East on E 3rd St S; Turn South (Right) onto S Royal St to property on the East (Left).
Call us today to schedule a showing 1-800-272-9791
Seller: Suzanne Johnson
Abbreviated Real Estate Terms: Successful bidder(s) will be required to enter into a written contract and deposit earnest money for $10,000.00. Balance due on or before February 26, 2026. Deed and title insurance will be provided by the seller. Possession will be given on the date of closing. A ten percent (10%) buyer's premium will apply to the high bid to establish the contract price. Make your financial arrangements prior to the auction. Potential buyers may make any inspections prior to auction. Public access to the Internet for online bidding is available at public libraries.
Bidding Procedures & Auction Terms and Conditions 4969 Market Road, Marion, IL 62959
This real estate auction is being conducted as a simulcast auction, with bidding taking place both live at the physical location (4969 Market Road, Marion, IL) and online simultaneously.
Conditions of Sale: This auction is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding. Buyer(s) acknowledges they are buying the real estate "as-is", "where-is", without contingencies.
Registration to Bid Online: Proper and complete online registration is required to bid online. A credit card is required to place a bid on the property. The credit card will be validated before bidding access is granted but is not a recognized form of payment of the earnest money (deposit) or purchase price. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.
Joe Ollis Real Estate & Auction, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller(s). The identity of bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Joe Ollis Real Estate & Auction, LLC will reject the registration, and bidding activity will be terminated.
Auction Date: Thursday, April 10, 2025, at 4:30 PM
Bidding in a Simulcast Auction: This auction is being conducted as a simulcast auction, with bidding taking place both live at the physical location and online simultaneously. The auctioneer will recognize and accept bids from both in-person attendees and online bidders. The auction will follow a traditional auction format, with the auctioneer determining when bidding is closed.
Maximum Bidding for Online Bidders: Online bidders may utilize the Maximum Bidding feature. This allows the system to automatically bid on your behalf up to your maximum specified amount, using only the increment necessary to maintain your position as high bidder. You can always raise your maximum bid, but you CANNOT lower it once placed. If you have any questions email ollis@ollisauction.com or call 1-800-272-9791.
Winning Bidder: The final high bidder will be determined by the auctioneer. When the auctioneer declares "Sold!", the winning bidder is obligated to complete the purchase according to the terms set forth.
Buyer's Premium: A buyer's premium of ten percent (10%) of the high bid shall be added to the high bid and included in the total contract price to be paid by the successful bidder(s).
Example:
High bid on the property: | $100,000 |
Add Buyer's Premium: (10% of 100,000) | $10,000 |
Equals Total Contract Price: | $110,000 |
Financing: Sale of the property is not contingent upon the buyer(s) obtaining financing. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. If you do not have your finances in order, we ask that you Don't Bid!
Inspection: THIS AUCTION IS NOT CONDITIONAL UPON ANY TYPE OF INSPECTION. If you or any concerned party to the transaction need any type of inspection done, you may do so prior to bidding. Buyer(s) are more than welcome to have an inspection done at the buyer's cost. Buyer(s) will rely on his/her own judgment and findings of an inspection if one is done. NO damage is to be done to the real estate during a professional inspection or personal inspection and the real estate remains in the same condition prior to the inspection.
Contract Signing for Winning Bidder: Onsite bidders who win the auction will sign the contract and provide earnest money immediately following the auction. For online winning bidders, at the conclusion of the auction the Winning Bidder will receive an email or phone call confirming his or her winning bid status. In the email the Winning Bidder will receive a link to sign all documents electronically. The Auctioneer or his representative will contact the Winning Bidder the day of the auction to address any questions concerning the required process. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, for online bidders, the contract signing and earnest money deposit payment process must be completed by 4 pm CST on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the earnest money (charged to the credit card used at registration) and will not be allowed to bid in any future Joe Ollis Real Estate & Auction, LLC auction events. Note that property-specific purchase documents are available prior to the auction date and any professional reviews of such documents should be undertaken PRIOR to bidding.
Earnest Money (Down Payment or Deposit): The Winning Bidder shall be required to pay earnest money in the amount of $7,500.00. A Check (made payable to Joe Ollis Real Estate & Auction, LLC) or cash are acceptable forms of payment. If the method of payment of the earnest money is made by credit card, there will be a 5% fee charged. If you need to wire the earnest money funds you are responsible for the transaction fee charged to us. The entirety of the remaining balance is due at closing. The earnest money will be held in a non-interest-bearing escrow account until settlement. The earnest money is non-refundable. The earnest money becomes part payment of the real estate at closing.
Evidence Of Title: Seller(s) shall furnish at seller's expense an Owner's Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s). Meaning, the buyer(s) will receive a free & clear deed and title to the property. The buyer(s) shall pay the title search on themselves, title insurance charges, and usual conveyance expenses.
Closing: The Winning Bidder shall close on or before May 22, 2025. The buyer(s) acknowledges and agrees that time is of the essence.
Title Company: The title company for this real estate transaction is JSL Title, Inc.
Closing Costs: The closing fee of the title company shall be split 50/50, between the seller(s) and buyer(s).
Deed: The deed shall be prepared at Seller's expense. The recording of the deed and the tax stamps applied to the deed are at the expense of Buyer(s).
Real Estate Taxes & Assessments: 2024 and prorated 2025 taxes will be given as a credit on the closing statement based upon the latest information from the courthouse records. Back taxes, if any, will be paid by the seller(s).
Possession: Possession will be given on the date of closing. Any personal property left on the real estate will become the property and responsibility of the new buyer(s).
Easements, Restrictions, and Leases: Real estate is being sold subject to any and all existing matter of record, leases, all easements, building use, or zoning laws and regulations, if any.
Real Estate Brokerage Services Disclosure: Joe Ollis Real Estate & Auction, LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner, and we must be completely loyal and faithful to our client. Joe Ollis Real Estate & Auction, LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Joe Ollis Real Estate & Auction, LLC.
Conditions of Default: If any conditions contained herein are not complied with by the buyer(s), Joe Ollis Real Estate & Auction, LLC may, in addition to asserting all remedies available by law, including the right to hold defaulting buyer(s) liable for the purchase price, either, a) cancel the sale, retaining as liquidated damages any payments made by such buyer(s), b) resell the property at public auction or privately on seven days notice to such buyer(s), or c) take such other action as it deems necessary or appropriated. If Joe Ollis Real Estate & Auction, LLC resells the property, the original defaulting buyer(s) shall be liable for the payment of any deficiency between the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney's fees, commissions, incidental damages, and all other charges due hereunder. In any event, the buyer's earnest money deposit will be retained by Joe Ollis Real Estate & Auction, LLC as liquidated damages.
Disclaimers And Absence of Warranties: All information published, announced, or contained in the advertising and bidding platform was obtained from sources believed to be correct; however, the seller(s) or auction company do not guarantee it. The information is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller(s) or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries, and due diligence concerning the real estate. The real estate is being offered on an "AS IS", "WHERE IS" basis and no warranty or representations, expressed or implied, is made by the Seller(s) or the auction company. All information contained in the advertisement, bidding platform, and all related materials are subject to the terms and conditions outlined in the contract for sale of real estate.
Broker Participation: A commission previously agreed upon will be paid to any properly licensed real estate broker whose Buyer/Bidder is the successful purchaser for this real property, and who closes and pays the total Contract Price and Closing Costs for this real property. The broker must adhere to the broker participation form requirements. The broker needs to fill out the Broker Participation Form 24 hours prior to the auction. If you need a Broker Participation Form, please call or email our office.
Pre-Auction Sales: As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Contract for Sale of Real Estate along with the required earnest money. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.
Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other auction-related technologies, Joe Ollis Real Estate & Auction, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Joe Ollis Real Estate & Auction, LLC shall be held responsible for the failure of the software to function properly for any reason. To minimize the chance of being affected by internet or software issues, please use the "Max Bid" feature.
Additional Information:
- Property: 4969 Market Road, Marion, IL 62959
- Seller: Mary Cobb
- Property Size: 1.95 acres (236' x 360')
Visit www.ollisauction.com for more information or to pre-bid. Call 1-800-272-9791 to schedule a showing.
Information Herein Believed to Be Accurate but Not Warranted
