ONLINE REAL ESTATE AUCTION: 1-Story Ranch Home on 1.73 Acres - 245 S 7th St., Nokomis, IL

Investment / Renovation Opportunity Near Town Edge

245 S. 7th St., Nokomis, IL 62075

Bring your vision and finishing touches to this single-story ranch home set on an expansive ±1.73-acre lot. Situated in the quiet Village of Coalton on the edge of Nokomis, this property combines a serene, country-like setting with the ease of municipal utilities.

The seller began renovations but has decided to sell, leaving high-value mechanical and structural updates already completed. The heavy lifting is done—now it's ready for an investor, flipper, or handy homeowner to complete the interior finishes and build immediate equity.

Property Highlights & Recent Capital Improvements

• Lot & Location: Approx. 1.73 acres with mature shade trees, situated near the local ball field and community park.
• Layout: 3 Bedrooms | 1 Bath | Attached 1-Car Garage.
• Roof: Replaced approximately 3 years ago.
• Plumbing: All-new plumbing installed throughout.
• HVAC & Hot Water: New furnace and new hot water heater.
• Utilities: Connected to city water, natural gas, and public sewer.
• Interior Status: Drywall and preliminary framing in place, bath upgraded with new surround and vanity, spacious kitchen area with laundry hookups, awaiting flooring, final trim, and fixtures.
• Property Type: Residential / Single-Family Ranch
• Acreage: Approx. 1.73 Acres
• County: Montgomery County, IL
• Terms: Sold 100% "AS-IS, WHERE-IS" with no buyer contingencies for financing, appraisal, or inspections.
• Earnest Money: Non-refundable earnest money deposit of 5% due from the winning bidder immediately following the close of auction.
• Closing: 45 days following auction close.
• Buyer's Premium: 10%

5% nonrefundable down payment due within 24 hours of the close of the auction. No contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is, no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. Taxes will be prorated to the day of closing. 45 days to close. 10% buyer’s premium will be added to determine the final contract price.        

Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of Illinois.
Successful bidders will deposit 5% of the Contract price in the form of cashier’s check or wire transfer to the designated title company. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be to the successful bidder. Purchaser shall be responsible for wire transfer fees.        

Property lines on our maps are approximate. Not a survey. Contract Documents will be sent by e-mail to the successful bidder must execute and email back to Kaufman Realty & Auctions
within 24 hours of the end of the auction. 

Successful bidders not executing and returning their contract with earnest money deposit within 24 hours of the conclusion of the auction will be considered in default.        

At the close of bidding, the online bidding system is set to begin ending at 7:00 p.m. If a bid
is placed with less than 5 minutes left, the time will reset to 5 minutes and will continue to do so until no bids are placed within the last 5 minutes.  

Buyer's Premium Example:         Bid Price: $100,000         Plus 10% Buyers Premium: $10,000        

Total Contract Price: $110,000          Down Payment $5,000

All auctions are sold with a reserve unless otherwise advertised. Per IL State Law. 

DISCLOSURE: Kaufman Realty & Auctions of Illinois is acting as Auctioneer/agent and is an agent for the seller only. DISCLAIMER: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All acreage, square footage and other dimensions are approximate. Subject to final survey if sold in separate parcels.

BUYER/BROKER INFORMATION: Up to 2% Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available. Call for Broker Registration Form or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.  

By bidding, bidder verifies that they have read, reviewed, and agreed to the purchase documents available under the documents tab of this auction. If buyer requires a review of these documents by their counsel, this must be done prior to bidding. In addition, bidder agrees that this bid is a legal and binding contract upon the bidder. It is also understood that a bidder may at some point
be outbid but due to combinations of sale may move back into winning position. Therefore, all bids remain valid until the winning bids have been declared. Bids may not be retracted.  

Kaufman Auctions reserves the right to recover any damages separately from the breach of the Buyer. The purchaser agrees to pay all reasonable attorney fees and costs incurred by Kaufman Auctions in the collection of funds. Any debt collection or dispute proceedings will be litigated or arbitrated in Christian County, Illinois at the option of both the Seller and Kaufman Auctions.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Kaufman Auctions reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Kaufman Auctions shall be held responsible for a missed bid or the failure of the software to function properly for any reason.