Ready for Your Magic Touch: Herrin Home at Online Auction
1405 W Harrison Street, Herrin, IL 62948
June 25, 2024 Wednesday 2:00 pm CDT
Online Only Real Estate Auction
Call us today to schedule a showing 1-800-272-9791
Property Overview
Here's your chance to own this 2-bedroom, 1-bathroom home in our online only auction - no need to elbow your way through a crowd! Located in Herrin, Illinois, this 1,078 square foot residence sits on a generous corner lot of approximately 0.439 acres in an established neighborhood where the neighbors have already done the hard work of making it look good.
Built in 1908, this older home is like discovering a hidden treasure that just needs someone with vision to unlock its potential. The beauty of this property? You can move right in and tackle improvements at your own pace - whether that's weekends, evenings, or whenever inspiration strikes. Picture yourself sipping morning coffee while planning your next project, then watching your investment grow with every improvement you make.
This Property is Needed By:
Investors: Transform this diamond in the rough into a solid rental property while building your portfolio
First-Time Homebuyers: Start your homeownership journey with a place you can truly make your own, one project at a time
DIY Enthusiasts: Finally, a canvas where every improvement adds value and every weekend project has purpose
Contractors/Flippers: See the potential others might miss and turn vision into profit
Cash Buyers: Skip the mortgage maze and dive straight into creating your dream space
Young Couples: Build your future together, literally - sweat equity has never been more romantic
Retirees: The perfect retirement project with no timeline pressure and all the satisfaction of hands-on improvement
Family Project: Create lasting memories while teaching valuable skills and building generational wealth
Property Features
- Square Footage: 1,078 sq ft
- Bedrooms: 2
- Bathrooms: 1 Full
- Year Built: 1908
- Lot Size: 0.439 Acres (100' x 203' x 103' x 179')
- Property Type: Single Family Residential
- Construction: Frame with Vinyl Siding
- Condition: Needs work - perfect for investors or handy buyers
Interior Amenities:
- Living room (13.0 x 13.0)
- Kitchen/dining area (11.0 x 13.0)
- Two bedrooms (13.0 x 26.0, 13.0 x 23.0)
- Bathroom with laundry hookups (6.0 x 11.0)
- Small front room (7.0 x 13.0) - perfect for office, den, or whatever your imagination dreams up
- Window coverings
- Simple, functional layout ready for your personal touch
Heating & Cooling:
- Gas Forced Air Heating
Utilities & Systems:
- Public Water
- Public Sewer
- Has Breaker Box
Exterior Features:
- Detached 2-Car Garage
- Corner Lot Location - Level
- Porch
- Outbuilding/Shed with Electric - This little gem could make your backyard magical as a cozy workshop, charming playhouse, or perfect potting shed
- Paved Road Access
- On-Street Parking Available
- Gravel Parking Area in Front
- Partially fenced yard gives a private feel while leaving open space perfect for whiffle ball (or whatever game strikes your fancy)
Property Information
Tax Information:
- Tax ID/Parcel ID: 01-25-232-002, 01-25-232-001
- 2023 Annual Taxes: $1,325.46
- Tax Exemptions: Homestead/Owner Occupied, Senior Freeze
- Zoning: R-2 Residential
Directions: Head W on IL 13W toward Herrin, Turn North onto S Park Ave for 7.2 miles then turn W onto Brewster then N on S 22nd St to W Oak St turn W then turn N onto W Maple then W onto W Harrison. Destination will be on your right.
Don't miss this opportunity to own property with potential in Herrin!
Joe Ollis Real Estate & Auction, LLC
Bidding Procedures & Auction Terms and Conditions
Property and Basic Information
- The Real Estate consists of:
- 1405 West Harrison, Herrin, IL 62948
- County Parcel Numbers: 01-25-232-002 and 01-25-232-001
- There are no leases or rents.
- This property is being sold on an "AS IS", "WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property or its future use is made by Seller or Auction Company. Buyers may conduct inspections by contacting Joe Ollis Real Estate & Auction, LLC at 618-833-2227 or 800-272-9791 to schedule an appointment.
- While you may obtain financing for your purchase, this auction is not contingent on financing, appraisal, survey, or inspections of any kind. If you do not have your finances in order, we ask that you Don't Bid!
- Sale of said property is subject to: any and all easements of record, state and federal regulations, restrictions as to use or improvements of premises, utility, roadway, railway, and gas line easements, all state and local zoning ordinances, and any other limitations, if any.
Registration and Representation
- This real estate auction is being conducted through an online only bidding. All bidding is open and public. You or your authorized representative must be registered online to bid. If you need assistance placing an online bid or prefer to submit a bid in person, please call our office for assistance at 618-833-2227 or 800-272-9791.
- Registration requires a credit card for validation, though this is not a recognized form of payment for the earnest money (deposit) or purchase price. By registering, all bidders acknowledge having read and agree to be bound by these Auction Terms and Conditions. Joe Ollis Real Estate & Auction, LLC reserves the right to remove or cancel the bids and bidding rights of any party at any time deemed not to be in the best interest of the seller(s).
- 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. All negotiations must be conducted through Joe Ollis Real Estate & Auction, LLC.
- 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. The broker must complete and submit all broker participation form requirements and documentation before their buyer/bidder registers for the auction, with no exceptions permitted.
Bidding Procedures
- Maximum Bidding Option: When placing a bid, you may set a maximum bid amount. The system will bid in specified increments up to your maximum, never exceeding it, and only increasing when raised by competing bids. This is particularly useful if you cannot bid actively at closing time.
- Dynamic Closing "Soft Close": The closing time automatically extends two minutes when a bid is placed within the final two minutes. Bidding stops extending only when no bids have been placed for two minutes.
- Joe Ollis Real Estate & Auction, LLC controls the amount of the bids for the sake of speed and clarity using predetermined bid amounts.
- Outbid Notifications: If you choose this option during registration, you will receive email notifications when you are outbid. Please note that if you are outbid near the end of the auction, you may not receive the notification until after the auction has closed. You can check your current bid status at any time during the auction. If the system shows you are outbid, you are outbid. If you need to verify your bid status, contact ollis@ollisauction.com or call 1-800-272-9791 before the auction closes.
- Technical Issues: In the event of technical difficulties, Joe Ollis Real Estate & Auction, LLC reserves the right to extend, continue, or close bidding. Neither the software provider nor Joe Ollis Real Estate & Auction, LLC shall be held responsible for software malfunctions. Use the "Max Bid" feature to minimize technical issues.
- Bidding Errors: Carefully review each bid before submitting. Bids must be in whole numbers only. If you make an error, contact the Auctioneer immediately at ollis@ollisauction.com or call 618-833-2227 or 618-521-0525. If you do not you are still liable for your bid.
- Bidder's Duty to Report Fraud: You are responsible for all bids from your account. For suspected unauthorized access: • Immediately notify the Auctioneer at ollis@ollisauction.com • Immediately report to law enforcement • Provide police report copy to Auctioneer Failure to report promptly makes you responsible for all purchases made using your account.
Contract Terms
- At the conclusion of the auction, the Winning Bidder will receive an email with documents to sign. The Auctioneer or representative will contact the Winning Bidder the day of the auction to address any questions. The contract signing and earnest money deposit must be completed by 4 pm CST on the day following the auction.
- ALL CASH means only U.S. dollars and cents will be accepted - no other forms of payment such as vehicles, farm animals, or other items will be considered.
- A buyer's premium of ten percent (10%) of the high bid shall be added to the high bid to establish the contract price. Please remember to consider this buyer's premium when placing or determining your bids.
- Earnest money requirement is $5,000.00. The non-refundable earnest money is due by 4 pm CST the day following the auction. Payment options: • Check (payable to Joe Ollis Real Estate & Auction, LLC) • Cash • Credit card (5% fee applies) • Wire transfer (buyer pays transaction fees). The earnest money becomes part payment of the property at closing.
- A Winning Bidder whose documents and deposit are not received within this timeframe: • Will be subject to liquidated damages equal to the earnest money plus any costs to obtain the earnest money • Will not be allowed to bid in future Joe Ollis Real Estate & Auction, LLC events
Title and Closing
- Title Insurance and Deed: • Seller shall provide Owner's Policy of Title Insurance • Seller shall execute an Administrator's deed conveying the real estate to the buyer(s) • Seller pays for deed preparation • Buyer(s) pay for their own title search, insurance charges, and usual conveyance expenses • Buyer(s) pay for recording fees and tax stamps that attach to the deed • The closing fee of the title company shall be split 50/50 between seller and buyer • Title company: JSL Title, Inc.
- Real Estate Taxes: Seller will give credit at closing for both the 2025 taxes and prorated 2026 taxes based on the latest courthouse records. Seller to cover any outstanding taxes, if applicable.
- The sale will be closed on or before August 6, 2025. Time is of the essence. If closing has not occurred by the closing date, Joe Ollis Real Estate & Auction LLC, through its Agents or Attorney, may give the buyer five (5) day notice to close this sale. The closing date may be extended if mutually agreed upon in writing by both Seller and Buyer. Any personal property remaining after closing becomes buyer's property/responsibility.
Legal Considerations
- The Auction Company has posted all relevant documents (Contracts, tax bills, photos, etc.). Information was obtained from sources believed accurate but requires verification. Aerial Photos and Drawings are for illustration only unless specified as surveyed boundaries.
All bidders must:
- Conduct their own due diligence
- Complete any professional reviews of the auction and information PRIOR to bidding
- Review any updates prior to bidding
- As exclusive Seller's agents, the Auctioneer must present all offers. Properties are subject to pre-auction sales meeting all terms. Pre-auction offers must include: • The Contract for Sale of Real Estate • Required deposit. The Seller may accept or reject any offer at their sole & absolute discretion.
- Both parties shall indemnify and hold harmless Joe Ollis Real Estate & Auction, LLC from costs, losses, liabilities, or expenses, including attorney fees, resulting from failure to fulfill obligations. Disputes will be arbitrated in Williamson County, IL or tried in Williamson County courts, at the discretion of Seller and Joe Ollis Real Estate & Auction, LLC.
- If any provision of these Terms and Conditions is held to be invalid, void, or unenforceable for any reason, the remaining provisions shall continue in full force and effect and shall in no way be affected, impaired, or invalidated.
- Failure to enforce any term does not waive future enforcement rights. These Terms and Conditions are governed by Illinois law.
Thank you for your interest. For questions, contact our representatives.
Initial: _______ I have read and agree to these terms and conditions.
