-165’ of road frontage on Martz Rd
-3.14A
-28’ x 180’ pole barn (5040sf, metal roof, concrete floor); 16’ sliding door on the front and 10’ overhead door on the side; contains an office- 750sf, 1BA
-3424sf of greenhouse space and 3 individual greenhouses
-Two 20’ x 50’ wood frame greenhouses w/concrete floor & poly sides/roof, one 15’ x 80’ wood frame greenhouse with concrete walks & poly exterior
-Within 3 miles of 1-94 to the north
Parcel ID: 83-126-99-0002-00
Van Buren Twp, Wayne County
SEV: $45,900 (2012)
Taxable Value: $40,697 (2012)
Taxes: $433.55 (winter ’12); $1688.22 (summer ’12)
Zoning: Agricultural & Estates
-3.14A
-28’ x 180’ pole barn (5040sf, metal roof, concrete floor); 16’ sliding door on the front and 10’ overhead door on the side; contains an office- 750sf, 1BA
-3424sf of greenhouse space and 3 individual greenhouses
-Two 20’ x 50’ wood frame greenhouses w/concrete floor & poly sides/roof, one 15’ x 80’ wood frame greenhouse with concrete walks & poly exterior
-Within 3 miles of 1-94 to the north
Parcel ID: 83-126-99-0002-00
Van Buren Twp, Wayne County
SEV: $45,900 (2012)
Taxable Value: $40,697 (2012)
Taxes: $433.55 (winter ’12); $1688.22 (summer ’12)
Zoning: Agricultural & Estates
Exhibit A<br>
Terms and Conditions of Real Estate Auction<br>
<br>
48560 Martz Rd, Belleville, MI <br>
Wednesday, April 17, 2013<br>
<br>
1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis. <br>
<br>
2. This online only auction is subject to seller confirmation and is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached agreement to purchase real estate. <br>
<br>
3. A Buyer’s Premium of 10% of the successful bid will be due from the Buyer at closing. Please take this into consideration when bidding. Example: Final bid price on a property is $100,000. Add the 10% buyer’s premium of $10,000 to get a final price of $110,000. This is the actual sales price that will be used on the purchase agreement, and the number upon which transfer tax and title insurance are based. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Sheridan Realty & Auction Co. within Forty Eight (48) hours.<br>
<br>
4. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is”, with a closing deadline.<br>
<br>
5. Successful Bidders will deposit 10% of the sale price in the form of a cashier’s check or wire transfer with Sheridan Realty & Auction Co. within Forty Eight (48) hours of the completion of the auction. The earnest money deposit is non-refundable. The entirety of the remaining balance is due at closing on or before Thirty Days (30) from Auction Day. Purchaser will be responsible for all wire transfers.<br>
<br>
6. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, and all closing fees charged by the Title Company are shared equally between Buyer(s) and Seller(s).<br>
<br>
7. Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Sheridan Realty & Auction Co. incurred in a subsequent resale of the property.<br>
<br>
8. Real Estate and all equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller, or bid on behalf of the seller, if necessary.<br>
<br>
9. Sheridan Realty & Auction Co. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Sheridan Realty & Auction Co. will reject the registration, and bidding activity will be terminated.<br>
<br>
10. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.<br>
<br>
11. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10 day lead based paint test.<br>
<br>
12. Possession shall be given to the successful Buyer(s) at closing.<br>
<br>
13. Taxes and Assessments billed after July 1, 2013 shall be the responsibility of the buyer, there will not be a tax proration.<br>
<br>
14. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. <br>
<br>
15. All acreages, dimensions, and boundaries are approximate and have been determined by legal descriptions.<br>
<br>
16. Seller(s) will provide an owner’s policy of title and convey title with a covenant Deed.<br>
<br>
17. Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Sellers.<br>
<br>
18. In order to be recognized as a buyer’s agent and receive co-op commission you must pre-register your buyers with the Auction Company 24 hours prior to the Auction Date. Agents who fail to pre-register their buyers will not be recognized as buyer agents and will NOT be entitled to a co-op commission. Broker cannot act as a principal and broker on the same transaction. Contact Sheridan Realty & Auction Co. for details.<br>
<br>
19. The terms and covenants of the purchase agreement, including these additional terms (Exhibit A), shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties.
Terms and Conditions of Real Estate Auction<br>
<br>
48560 Martz Rd, Belleville, MI <br>
Wednesday, April 17, 2013<br>
<br>
1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis. <br>
<br>
2. This online only auction is subject to seller confirmation and is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached agreement to purchase real estate. <br>
<br>
3. A Buyer’s Premium of 10% of the successful bid will be due from the Buyer at closing. Please take this into consideration when bidding. Example: Final bid price on a property is $100,000. Add the 10% buyer’s premium of $10,000 to get a final price of $110,000. This is the actual sales price that will be used on the purchase agreement, and the number upon which transfer tax and title insurance are based. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Sheridan Realty & Auction Co. within Forty Eight (48) hours.<br>
<br>
4. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is”, with a closing deadline.<br>
<br>
5. Successful Bidders will deposit 10% of the sale price in the form of a cashier’s check or wire transfer with Sheridan Realty & Auction Co. within Forty Eight (48) hours of the completion of the auction. The earnest money deposit is non-refundable. The entirety of the remaining balance is due at closing on or before Thirty Days (30) from Auction Day. Purchaser will be responsible for all wire transfers.<br>
<br>
6. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, and all closing fees charged by the Title Company are shared equally between Buyer(s) and Seller(s).<br>
<br>
7. Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Sheridan Realty & Auction Co. incurred in a subsequent resale of the property.<br>
<br>
8. Real Estate and all equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller, or bid on behalf of the seller, if necessary.<br>
<br>
9. Sheridan Realty & Auction Co. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Sheridan Realty & Auction Co. will reject the registration, and bidding activity will be terminated.<br>
<br>
10. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.<br>
<br>
11. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10 day lead based paint test.<br>
<br>
12. Possession shall be given to the successful Buyer(s) at closing.<br>
<br>
13. Taxes and Assessments billed after July 1, 2013 shall be the responsibility of the buyer, there will not be a tax proration.<br>
<br>
14. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. <br>
<br>
15. All acreages, dimensions, and boundaries are approximate and have been determined by legal descriptions.<br>
<br>
16. Seller(s) will provide an owner’s policy of title and convey title with a covenant Deed.<br>
<br>
17. Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Sellers.<br>
<br>
18. In order to be recognized as a buyer’s agent and receive co-op commission you must pre-register your buyers with the Auction Company 24 hours prior to the Auction Date. Agents who fail to pre-register their buyers will not be recognized as buyer agents and will NOT be entitled to a co-op commission. Broker cannot act as a principal and broker on the same transaction. Contact Sheridan Realty & Auction Co. for details.<br>
<br>
19. The terms and covenants of the purchase agreement, including these additional terms (Exhibit A), shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties.