507 Hope St, Monroe City, Monroe County MO 63456 Real Estate for Sale at Auction – Katherine Wilper Estate

Open House Saturday, June 27th, 10 AM to 12 PM

Bidding Ends Tuesday, July 14th at 10 AM

Located on a quiet cul-de-sac street in Monroe City, this approximately 1,600 square foot home will be offered at auction and has plenty to offer for homeowners, investors, or anyone looking for extra shop space. The home features 3 bedrooms and 1 bathroom along with an unfinished basement that provides additional storage or room to finish to your liking. Sitting on a large yard, there is plenty of outdoor space for gardening, recreation, or future improvements.

One of the standout features of this property is the large garage/shop, perfect for hobby work, vehicle storage, equipment, or small business use. The quiet location at the end of a cul-de-sac gives the property a peaceful setting while still being close to local amenities, schools, and shopping. Whether you are looking for a primary residence, rental investment, or workshop property, this Monroe City auction is worth a look.

For more information, call or text Jason Chinn (573) 514-9368.

Auction Terms & Conditions

1. Procedure: Bidding ends Tuesday, July 14, 2026, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes.

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price.

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Wednesday, July 15, 2026 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.

5. BIDDING: Once submitted, a bid cannot be retracted.

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, August 13, 2026.

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.

10. REAL ESTATE TAXES: The 2026 Real Estate taxes to be prorated to the day of closing.

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.

12. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. All announcements made day of sale take precedence over prior advertising either written or oral. This property is subject to prior sale.