Bob Zimmermann Estate Auction – Real Estate – 3-bedroom, 2-bath home on large lot in Albany

Filed as: Past Auction, Past Real Estate Auction, Sold Real Estate 
Posted on: Friday, April 24th, 2009

DSC01608 When: Saturday, May 16, 2009 @ 11:30AM
Where: 411 1st Street, Albany, MN (From I-94, North on 238 to Railroad Avenue, Right and East to 1st Street (Hwy 238), Left and North to property on Left, Watch for Signs)
Terms: $3,000 Non-refundable down payment. Balance due at closing on or before the 11th day of June 2009. An 8% Buyer’s Premium added to high bid price to equal contract price. Broker’s participation accepted. Contact our office for details. Sold subject to seller confirmation.

Note: At this time, we would like to extend our appreciation to the Zimmermann family for selecting us to conduct this excellent estate auction. As you may know, the Zimmermanns have been a staple in the Albany community for several generations. Bob was a firefighter with the Albany Fire Department for nearly 30 years until his retirement in the early 80s, and Pat worked at Kraft as a manager for many years. This auction presents an excellent opportunity to acquire the real estate and personal property of the estate at public auction.

3-bedroom, 2-bath home on large corner lot with 287’ lakeshore
This property is a rare find in a quiet community such as Albany. Located on the corner of Lake Avenue and 1st Street (Hwy 238), the property boasts a 3-bedroom, 2-bath home, 2-stall attached garage, large 24’ x 32’ shed, 14’ x 32’ shed, and 8’ x 12’ storage shed. The property is three lots, and situated on the south shore of North Lake, and features 287’ of lakeshore. There is plenty of room to roam, and tons of storage for your toys!

Bob purchased the property with his brother after returning from WWII for his parents. Sometime after that, he acquired the property from his parents, and called it home ever since. Bob was proud of the property and his maintenance and upkeep of the property reflects his pride. Throughout the property you’ll find notes scrawled on the frame of buildings noting his maintenance schedules.

The home is a 3-bedroom, 2-bath home, with partial basement. The main floor boasts the kitchen, family room, dining room, sunroom/office, master bedroom and master bath. Upstairs you’ll find two additional bedrooms with a large bathroom. Throughout the home, you’ll find large walk-in closets, and plenty of other storage. The home has a partial basement, and assorted storage and shop areas within the basement and garage areas.

Property Amenities
3-bedroom, 2-bath home
Gas Hot-water Baseboard Heat
2-stall Attached Garage
24’ x 32’ Shed with 10’ and 8’ Overhead Doors, Cement Floor
14’ x 32’ Shed
8’ x 12’ Shed
Large, Treed, Corner Lot
287’ Lakeshore on North Lake
Maintenance Free Steel Siding
Vinyl Tip Out Windows
Original Hardwood Floors, 1” Maple

Real Estate Showings
Tuesday, May 5, 2009: 5:30pm to 7pm
Saturday, May 9, 2009: 8:30am to 10am
Or by appointment

Real Estate Terms & Conditions
Earnest Money:
The sum of Three Thousand Dollars ($3,000.00) shall be deposited as earnest money by the high bidder in the trust account of Schultz Auctioneers Landmark Realty, Inc. but to be returned to the Seller if the Buyer fails to perform pursuant to the Purchase Agreement.  Therefore, the earnest money is non-refundable.
Buyer’s Premium: An eight percent (8%) buyer’s premium will be added to the high bid price to equal the contract price used in the purchase agreement. For example, a bid price of $100,000.00 would equal a contract price of $108,000.00 ($100,000 + $8,000).
Brokers Participation Accepted: A broker co-op will be paid to properly registered brokers. The broker registration form must be returned at least 48 hours prior to the auction.
Terms: Cash, due and payable at time of closing. Successful bidder will enter into a standard Minnesota Purchase Agreement. It will be at the Auctioneer’s discretion as to the increments of bids and process to reach the top and final bid.  Any financing (mortgage or otherwise), if necessary, should be made prior to the auction.  The property is sold without contingencies.
Closing: Remaining balance due on or before the 11th day of June 2009.
Preview of the property is essential prior to the auction!
Agency Disclosure: Schultz Auctioneers Landmark Realty, Inc. is acting as a Seller’s broker in this transaction. A Seller’s broker is a broker who represents the Seller and acts on behalf of the Seller. Therefore, Schultz Auctioneers Landmark Realty, Inc. must act in the Seller’s best interest and must tell the Seller any information disclosed to him or her. Therefore, the Buyer will not be represented and will not receive advice and counsel from the broker or salesperson. For further information, please contact our office for an Agency Relationships in Real Estate Transactions disclosure.
Reservations: Property is sold subject to easements of record, and owner’s confirmation.

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