REAL ESTATE AUCTION – THURSDAY, SEPTEMBER 26TH @ 6:00PM

Auction Date: Thursday, September 26th, 2024

Auction Time: 6:00pm

Auction being held at: 320 Webb St, Gallatin Gateway, MT 59730

Seller: Gallatin Gateway Rural Fire District

Auction property up for sale: Vacant lot located at TBD Gallatin Rd (US 191) and Whiteaker 

# of Acres: 1.84

Covenants allow: Residential or Bed & Breakfast

Legal Description: CASTLE ROCK TRACT SUB, S33, T04 S, R04 E, Lot 3, ACRES 1.84, PLAT E-45-A

Short-term Rental Investment Opportunity: Build up to 3 houses

For complete terms of the auction please see the AUCTION PACKET link below.  Updated 8.12.24

BROKER REGISTRATION (Optional- only if you have a broker) 

In the amendment to the covenants (link above, excerpt below) it shows for Tract 3 you can build up to (3) single family homes OR you can build (1) single structure that looks like a single family dwelling to be used as a bed & breakfast.

To register for the auction

STEP 1: DOWNLOAD THE AUCTION PACKET AND READ THE ENTIRE PACKET

STEP 2: REVIEW THE CHECKLIST IN EXHIBIT B

           (A) SIGN AND FILL OUT EXHIBIT B

           (B) GET A LETTER FROM YOUR BANK SHOWING THAT YOU ARE A QUALIFIED BUYER AND CAN COMPLETE THE CLOSING WITHIN 30 DAYS OF THE SALE

           (C) MAKE A COPY OF YOUR GOVERNMENT ID (i.e. driver’s license)

           (D) HAVE A PERSONAL OR BUSINESS CHECK FOR AT LEAST 10% EARNEST MONEY TO BE MADE PAYABLE TO: MONTANA TITLE & ESCROW

STEP 3:  DECIDE WHICH BIDDING OPTION IS GOOD FOR YOU.  EITHER PROXI BID OR LIVE IN-PERSON BIDDING

          (A) EMAIL COMPLETED EXHIBIT B, BANK LETTER, DRIVERS LICENSE TO REGISTER FOR THE AUCTION, OR BRING ON AUCTION DAY FOR LIVE IN-PERSON BIDDING ALONG WITH A CHECK TO BE READY TO PUT AT LEAST 10% DOWN DAY OF AUCTION. YOU MUST GET CONFIRMATION EMAIL BACK FROM AUCTIONEER TO CONFIRM RECEIPT.

          (B) IF YOU CHOOSE TO DO THE PROXI BID THEN YOU WILL NEED TO ALSO FILL OUT THE AUCTION PURCHASE AND SALE AGREEMENT AND PROVIDE A CHECK MADE PAYABLE TO MONTANA TITLE & ESCROW FOR AT LEAST 10% OF THE AUCTION PURCHASE PRICE THAT YOU WOULD LIKE TO OFFER AS YOUR BID AT THE AUCTION. IF YOU ARE DOING THE PROXI BID AND NOT PLANNING TO ATTEND THEN YOU MUST GET THESE ITEMS TO THE AUCTIONEER BEFORE THE AUCTION BASED ON THE TERMS IN THE PACKET. YOU MUST HAVE AUCTION PURCHASE AND SALE AGREEMENT FILLED OUT, EXHIBIT B FILLED OUT AND SIGNED, BANK LETTER, COPY OF YOUR DRIVERS LICENSE AND A PERSONAL OR BUSINESS CHECK FOR AT LEAST 10% OF THE PURCHASE PRICE. YOU MUST GET CONFIRMATION EMAIL BACK FROM AUCTIONEER TO CONFIRM RECEIPT. (THIS IS FOR OPTION 1: PROXI BID)