Tract 1
11+/- Acres with House
2-story, 4-bedroom, 2-bath, 1625+ sq. ft. updated house with central air and natural gas; barns; finished 30 x 40 building with separate address, electric, & septic; 4 acre raspberry patch; detached 3-car garage with 2 door openers.
Property ID: 000-15-14-126-003-01
Tract 2
2.25+/- Acre Building Site
Perked in 2006 by Jackson County Health Department. Deed Restrictions- see files for more info.
Tract 3
60+/- Acres
Pasture and agricultural land with frontage on Phal Rd. Subject to proposed easement for ingress and egress to Tract 4.
Tract 4
80+/- Acres
Pasture and agricultural land with access to Phal Rd. via easement for ingress and egress across Tract 3.
Terms and Conditions of Real Estate Auction<br>
<br>
13551 Phal Rd, Grass Lake, MI 49240<br>
Thursday, September 29, 2011<br>
6:00 PM<br>
<br>
1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions.<br>
<br>
2. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis.<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. <br>
<br>
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
<br>
5. 10 % (non-refundable) deposit must be presented upon signing this offer in the form of cash, certified or personal check. Balance of purchase price is due at close of sale, which shall be approximately 30 days after Auction Date, or as soon thereafter as applicable closing documents are completed. <br>
<br>
6. Real Estate 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.<br>
<br>
7. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies.<br>
<br>
8. By signing an offer, Buyers will be waiving the 10 day lead based paint test. <br>
<br>
9. Possession shall be given to the successful Buyer(s) at closing. Possession of Tract 1 shall be 30 days past closing. <br>
<br>
10. Taxes and Assessments will be prorated to the closing date.<br>
<br>
11. 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>
12. If Tracts 3 & 4 sell separately, buyer of Tract 3 shall grant to buyer of Tract 4 an exclusive easement for ingress and egress across Tract 3. Buyer of Tract 4 shall have access to Phal Rd. via an exclusive easement for ingress and egress across Tract 3. <br>
<br>
13. At the Seller’s option, the Seller shall provide a new survey for any parcel where there is no existing legal description or where new boundaries are created by tract divisions. If a new survey is determined to be necessary by the Seller, the cost of the survey is to be shared 50:50 between Buyer(s) and Seller(s). Any purchase made in combination will receive perimeter survey only. <br>
<br>
14. Earnest Money Deposit is non-refundable.<br>
<br>
15. The closing fee charged by Title Company will be shared equally between Buyer(s) and Seller(s).<br>
<br>
16. Seller(s) will provide an owner’s policy of title and convey title with a full Warranty 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. All announcements from the Auction Block take precedence over printed material.<br>
<br>
20. 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.
<br>
13551 Phal Rd, Grass Lake, MI 49240<br>
Thursday, September 29, 2011<br>
6:00 PM<br>
<br>
1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions.<br>
<br>
2. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis.<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. <br>
<br>
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
<br>
5. 10 % (non-refundable) deposit must be presented upon signing this offer in the form of cash, certified or personal check. Balance of purchase price is due at close of sale, which shall be approximately 30 days after Auction Date, or as soon thereafter as applicable closing documents are completed. <br>
<br>
6. Real Estate 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.<br>
<br>
7. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies.<br>
<br>
8. By signing an offer, Buyers will be waiving the 10 day lead based paint test. <br>
<br>
9. Possession shall be given to the successful Buyer(s) at closing. Possession of Tract 1 shall be 30 days past closing. <br>
<br>
10. Taxes and Assessments will be prorated to the closing date.<br>
<br>
11. 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>
12. If Tracts 3 & 4 sell separately, buyer of Tract 3 shall grant to buyer of Tract 4 an exclusive easement for ingress and egress across Tract 3. Buyer of Tract 4 shall have access to Phal Rd. via an exclusive easement for ingress and egress across Tract 3. <br>
<br>
13. At the Seller’s option, the Seller shall provide a new survey for any parcel where there is no existing legal description or where new boundaries are created by tract divisions. If a new survey is determined to be necessary by the Seller, the cost of the survey is to be shared 50:50 between Buyer(s) and Seller(s). Any purchase made in combination will receive perimeter survey only. <br>
<br>
14. Earnest Money Deposit is non-refundable.<br>
<br>
15. The closing fee charged by Title Company will be shared equally between Buyer(s) and Seller(s).<br>
<br>
16. Seller(s) will provide an owner’s policy of title and convey title with a full Warranty 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. All announcements from the Auction Block take precedence over printed material.<br>
<br>
20. 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.