Online Only Real Estate Auction
June 30, 2025 @ 6:00 p.m. - July 14, 2025 @ 6:00 p.m.
Sellers: Byron Sparrow, Lloyd Sparrow, Carla Williams, Ann Brooks & Martin Sparrow
589 2nd Street, Lomax, IL
Absolute Auction – No Reserve!
Don’t miss your chance to own this massive 6-bedroom home on approximately 1.39 acres in Lomax, IL—selling to the highest bidder, regardless of price! This stately residence is full of charm and character, featuring original hardwood floors, ornate wood trim, solid doors, and a beautiful open staircase. While the home is in need of updates, it offers a rare opportunity to restore a truly grand property.
Inside, you'll find a large eat-in kitchen with intricate vintage tile flooring and a generous pantry. The fridge, electric stove, and dishwasher will remain with the home. There are both formal and informal dining areas, along with a spacious living room highlighted by a wood-burning fireplace. The tiled vestibule leads from the large covered front porch into the living room, adding even more vintage appeal. The home includes 1.5 bathrooms, a sand point well, and a private septic system. Utilities are served by Ameren (electric) and Nicor (gas).
Additional features include a detached 2-car garage, shed, beautiful front porch, and mature trees across the nearly 1.4-acre lot. The owner believes the roof is 10+ years old, and the furnace and central A/C were replaced 5+ years ago.
Open House: Friday, July 11th, from 5–6 p.m. Please note: the power is currently off—bring a flashlight!
Whether you're looking for a rewarding renovation project, an investment, or a spacious home to make your own, this property is brimming with potential. Come see it for yourself and bid your price!
Home will sell “as-is” with all remaining personal property.
For additional information, or private tours, please call us at (309) 647-8811.
To register to bid on this property, please click the “Bid Online” button.
Buyer’s Premium: 6%
Address: 589 2nd Street, Lomax, IL
Tax ID: 12-21-276-006
Legal: W 30' LOT 4 & ALL LOTS 5 6 7 8 & E 1/2 LOT 9 & RESERVE 120' X 255' BEHIND BLOCK 1400 COLEMAN'S ADDITION VILLAGE OF LOMAX
Lot Size: 253’ x 239’ (60,467 SF or 1.39 +/- acres). All measurements are approximate.
Property Taxes (2024, payable in 2025): $2,129.44
Year Built: Unable to verify
Siding: Brick/Wood
Roof: Shingle
Water/Sewer: Private well, Private septic system
Mechanicals: Forced air furnace, central air conditioning, gas water heater, 200 Amp electrical panel.
Terms:
DISCLAIMER: Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchasers representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.
CONTINGENCIES: This sale is not contingent on Purchasers ability to obtain financing, or subject to any home, radon, lead-based paint, septic, mold, or other inspections.
POSSESSION: Purchaser will receive possession at closing, which will be on or before August 11, 2025, at Western Illinois Title in Biggsville, IL.
No New Survey: The Property shall be conveyed by the existing legal description.
Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchasers race, color, religion, sex, material status, national origin, or physical handicap.
Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in Henderson County, Illinois.
Buyer’s Premium: This auction has a 6% buyer’s premium, which will be paid by the buyer as part of their closing expenses, to Kelso Rhoades Real Estate Auction Group.
Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.
Closing expenses: The seller will be responsible for the title search and at closing will issue a commitment for title insurance to the buyer, in the amount of the purchase price. The seller will also pay for preparation and transfer of the deed, transfer taxes and one-half of the actual closing fee.
Terms for Online Bidding: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than July 15, 2025. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of $2,500.00 or 10% of the sales price (whichever is greater) will be collected in the form of check or certified funds. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than August 11, 2025. If you have any questions, please call our office at 309-647-8811.
AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DBA Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.
