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Title August 1st Real Estate Auction
Date & Time Wednesday August 1st 7 PM Central
Location 7854 Tailor Road, Wahkon MN 56386
Highlights 2 Bedroom, 3 Bathroom home. Located on 12+ acres with 500 feet of shoreline on Mille Lacs lake. This very secluded property is located at very end of Tailor Road. The property also has a guest house, a boat house and a pole building for storage. Update it to your liking or start over from scratch you get to decide.
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Categories VIEW ITEMS AND BID (1)
Notes MLS# 4972700, PID#s 170120300 & 170120200, 12.79 acres on tax statement,Built in 1955, 1724 Finished Sq. Ft, 2 fireplaces, Attached 2 car garage, 4 Stall boat house with small boat harbor, 32x40 Pole Barn
Onamia School
Terms Real Estate Terms: $5,000 Non-Refundable down payment due at signing with the balance due at closing. All information is deemed reliable; however, it is the buyer’s responsibility to verify all information. This property is being sold As-Is.
Home Inspection: The property will be made available for non-intrusive inspection at the bidder’s expense prior to the start of bidding. The purchase agreement will NOT be contingent on a home inspection. By bidding on this property, bidders are waiving seller disclosure requirements.The septic system is non-compliant. Any and all cost to upgrade will be the cost of the buyer
Closing: On or before 30 days after the auction at a Home Security Abstract and title in Princeton MN.
Buyers Premium: A 6% buyer’s premium will be added over and above the high bid price. This will equal the contract price. Example: A bid of $400,000 + 6% or $24,000 = $424,000 contract price.
Extended bidding: This auction is scheduled to end at 7pm. The bidding time will be extended if there is a bid in the final minutes and extend as many times as needed until there is no bidding for 5 minutes
Signing of Purchase Agreement: Buyer will have 48 hours to sign the purchase agreement and deliver an earnest money check at a place to be determined.
This purchase agreement is NON-transferable.
Sale Contingency: This is a court ordered auction. As such, the court will review the purchase agreement and must give approval for closing to take place. It is unlikely, but in the event the court does not give its approval, earnest money will be refunded to the buyer and all parties will sign a cancellation of the purchase agreement.
Court Appointed Referee: Roger C. Justin
Listing Agent: Dan Hiller with Hiller Auction & Realty
Broker Participation: Available, call Hiller Auction for details

Directions From MN Hwy 27 (between Hwy 169 and Hwy 47) go North on 75th Ave. to the “T” , then left on Tailor to the end of the road and the metal gates at the entrance to the property.
Contact Hiller Auction Service inc.
10785 261st Ave
Zimmerman MN 55398
Phone: 763-856-2453
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