Terms of Sale
Triple A Realty is offering this real estate through an online auction with reserve. The auction will begin with a starting bid of $500,000.
A Buyer�s Premium of three percent (3%) shall be added to the final high bid to determine the total Purchase Price.
The Property is being sold �as-is, where-is,� with no warranties or representations, express or implied. All inspections and due diligence are the sole responsibility of the Buyer and must be completed before the auction closes. There shall be no inspection or financing contingencies.
Contract Execution
By registering for and participating in the auction, all bidders acknowledge that they have reviewed and accepted the Auction Terms and Conditions and the form of Purchase and Sale Agreement before bidding.
The successful bidder shall execute the Purchase and Sale Agreement immediately following the close of the auction, without modification. The terms of the Purchase and Sale Agreement are not subject to further negotiation.
Failure or refusal to execute the Purchase and Sale Agreement as presented shall constitute a default.
Earnest Money
The successful bidder shall deliver an earnest money deposit of $50,000. The earnest money must be received no later than 10:00 a.m. Mountain Time on the business day following the close of the auction, unless other arrangements are made with Broker before the auction closes.
Closing
Closing shall occur within forty-five (45) calendar days following full execution of the Purchase and Sale Agreement by Buyer and Seller, unless otherwise agreed in writing.
Seller Approval
All bids are subject to approval by the City of Heyburn through its governing process.
The City reserves the right to accept or reject any bid. The City will respond within 10 business days following the close of the auction, or as soon thereafter as reasonably practicable based on the City�s public approval process.
Governing Process
The City of Heyburn has completed the initial public auction process required by Idaho Code � 50-1403(1), and no bids were received. The City Council may now sell the Property as it determines to be in the City�s best interest. The City has elected to offer the Property through this second auction, with the final high bid subject to approval through the City�s governing process.
Pre-Auction Offers and Method of Sale
Pre-auction offers may be submitted at any time and will be presented to the City for consideration. Any decision regarding a pre-auction offer will be made by the City through its governing process, based on what the City determines to be in its best interest. Idaho Code � 50-1403(1)
Closing Costs and Prorations
Seller shall pay the cost of the owner�s policy of title insurance. Escrow and closing fees shall be divided equally between Buyer and Seller.
Real property taxes shall be prorated as of the date of closing.
Contacts
Joe Hutchins, Listing Broker
208-280-1380
Tamara Hutchins, Co-Listing Agent
208-420-7908

City of Heyburn Property � Second Auction Opportunity Auction Date: September 2nd, 2026 Starting Bid: $500,000 Following Idaho law governing the sale of municipal real property, the City of Heyburn previously offered this property at public auction with a City-established minimum bid of approximately $1.7 million. No bids were received at that minimum. Under Idaho law, when no bids are received: �...the city council shall have the authority to sell such property as it deems in the best interest of the city.� Following the first auction, the City now has additional flexibility in considering the sale of the property and is providing interested buyers another opportunity to participate. The property will be offered through a second competitive auction, with bidding starting at $500,000. The $500,000 starting bid is not a statement of the property's value or a guaranteed sale price. Interested buyers do not have to wait until auction day. Pre-auction offers may be submitted for consideration by the City of Heyburn. Unless otherwise accepted or acted upon by the City, the property is scheduled to proceed to auction on September 2. The highest bid received at the September 2 auction will be presented as an offer to the City of Heyburn for consideration at its September 9 public meeting. The City Council will retain the authority to review the price, terms, and contingencies of any offer and determine whether acceptance is in the best interest of the City. This is an opportunity for the market to speak. Whether through a pre-auction offer or competitive bidding on September 2, interested buyers are encouraged to come to the table.