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Title 7.1 Acres in the City of Monticello Online Real Estate - CLOSED.. Pending
Date & Time Ending Wednesday, July 15th at 5pm Due to fluctuations in internet/computer speeds, the countdown may be inaccurate on YOUR screen. Please refresh often
Location 511 Territorial Rd, Monticello, MN - Click Here for Map
Directions: West of Home Depot on E 7th Street, North on Fallon Ave NE to Territorial Rd
7.1 Acres in the City of Monticello

• 7.1 Acres located right in the heart of Monticello.
• Large older home in need of major renovation or tear down. Original house was built in 1855 with a garage/shop added around 1970.
• Heavily wooded land with tons of potential.
• Property is selling in AS IS condition.


Notes Property Inspection:
Wed. July 8, 5-6pm
Mon. July 13, 5-6pm

Click Here For Picture Gallery

• Buyer agrees to accept property with know title exceptions 765393 and 777079. Click here to view EXCEPTIONS
• Buyer will accept the well and septic in AS IS condition.
• Buyer to accept the property in AS IS condition. The house has sustained water damage and there is mold present. Asbestos may also be present in the house.
The fuel tank has been removed, the heat has been off and the plumbing has been drained. This house is in poor condition and is likely a tear down or will require EXTENSIVE renovation.
• The only current access is a road easement agreement dated 6/9/2005 Doc# 1102560 Click here to view EASEMENT.
• The house was removed from the National Register of Historic Places in 2019 at the sellers request.
• There will be no physical inspection of the interior of the house due to property condition and lack of insurance. Inspection of the land will be Wed. July 8, 5-6pm & Mon. July 13, 5-6pm ONLY.
• A Quiet Title action has occurred. Click here to view document.
Click Here For Survey

Click Here to View & Bid!
- Have any questions about this property.
- Need help registering for the auction.
- Need assistance placing bids.
- Have concerns about the on line bidding process.
- OR any other questions.

Bidder Registration: Although there is no obligation to bid, all prospective buyers MUST register to bid at For assistance in registering or placing bids call Lampi Auctioneers 320-274-SOLD(7653)

Downpayment: $10,000 non-refundable down payment due after auction. Cash, personal, & company checks or certified funds will be accepted. Balance in full due at closing. Buyers to have financing arrangements made prior to bidding on the auction with no contingencies of any kind accepted in the purchase agreement.

Closing: Closing on or before Aug. 31, 2020, quick closing available.

Buyer’s Premium: A 6% buyer’s premium will be added over and above the high bid. This will equal the contract price. Example: Total Bid price: $100,000.00 plus 6% buyer’s premium equals a purchase price of $106,000.00.

Failure to close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited.

Title: • A Quiet Title action has occurred. Click here to view document.

Seller & Auctioneers Disclaimer: All announcements and updates made by the auctioneer on the website, shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding & decisions as to the high bidder will be at the direction & sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection & verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents. Property sells in “as is” condition. Buyer will sign an as-is addendum. Sale is subject to seller’s confirmation.

Agency Disclosure: Lampi Auctioneers Inc. represents the seller in this real estate transaction.

Sale is NOT CONTINGENT on Financing, Inspections, Buyers sale of another property, or any other reason.

Real Estate Taxes will be prorated to the date of closing.

Special Assessments pending and levied shall be assumed by the buyer, at this time the seller has no knowledge of any pending assessments.

Deed; Buyer to receive a Personal Representative’s deed furnishing marketable title.

Title Insurance: Buyer shall be responsible purchasing Title Insurance or Title Opinion if required or desired by the buyer or buyers lender.

Property Disclosures will be waived by the buyer and seller required by MN statutes 513.52-513.60

AS IS: This property is selling in AS IS condition, buyer and seller will sign an AS IS addendum.

Lead Based Paint Disclosure: Seller has no knowledge of lead paint and buyer will waive any lead based paint inspections. This only applies to dwellings built prior to 1978

Well Disclosure: Seller to disclose any wells located on the property.

Septic Disclosure: Seller to disclose any septic systems on the property and will be sold AS IS, buyer to be responsible for any updates or abandonment.

Any debris or personal property remaining on this parcel will become the responsibility of the buyer. Property is selling AS IS.


Directions Auction will end starting Wednesday, July 15 at 5:00pm. If there is any bidding with in the last 5 minutes of the auction, there will be a auto extend bidding time of 5 minutes past your last bid time. This will continue until there is no more bidding within the final 5 minutes. If you have any questions, call 320-274-5393. Thank you!
Contact Lampi Auctioneers, Inc.
9141 64th St
Annandale MN 55302
Phone: 320-274-5393
Fax: 320-274-6005
Email Web-page

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