• 5 LOTS SELLING AT ABSOLUTE AUCTION 13 Lakefront Lots on Lake Templene - 1 with Home in Seven Springs Subdivision 20 Lots with Frontage on Island Hills Golf Course 5 Lots Selling with No Reserve! Prime Homesite Lake & Near Lake Lots Development Land Waterfront Home Nottawa & Sherman Twps. 10 Miles East of Three Rivers 10 Miles North of Sturgis 30 Miles South of Kalamazoo
44 LOTS - Lake Templene/Island Hills Condo-Subdivision Auction
Centreville, MI - St. Joseph County
Owner: Pheasant Ridge Dev. Co. Inc. & Others Sat, May 15, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Saturday, May 01,2010 10:00 AM thru 11:30 AM
Sunday, May 09,2010 02:00 PM thru 03:30 PM
AUCTION LOCATION
The Carriage Place Banquet Facility, 1015 N Centerville St., Sturgis, MI 49091 DIRECTIONS: Go North of US 12 on Centerville St. at the junction of US 12 and M 66 on the West side of Sturgis. Auction site is approximately 1.5 mile across from Airport. Watch for signs.
PROPERTY DESCRIPTION
Platted lots ready for your home in the wonderful atmosphere of the Lake Templene community!
Tracts ideal for further subdivision = incredible opportunity for Developers & Investors!
Island Hills Golf Club Information: Island Hills Golf Club is laid out over 220 acres of rolling, wooded terrain including holes fronting and integrating the beautiful water of Lake Templene. This 18-hole course, rated one of the top 25 courses in Michigan, offers a Ray Hearn design, great green complexes and use of bunkers. Great finishing holes feature challenging play out on the links.
Lake Templene Information: Lake Templene is a man-made 1000ï¾± acre recreational lake just 2 hours from Chicago and Detroit. Appealing to boaters, skiers and fisherman, this area is enchanted with beautiful views, privacy, calm waters and abundant fish.
Lake Templene is a private lake and is managed by the Lake Templene Lake Association, a homeowners group whose missions is to maintain the lake, community quality and continually improve the lake. Access to the lake is restricted to association members.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The tracts will sell in numerical order with bidding closing on tracts and sections as determined by auctioneer. All property advertised as ABSOLUTE will sell regardless of price; all property advertised with bids on all other properties will be subject to the acceptance or rejection by the Seller. All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction.
DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the final bid price and included in the total contract purchase price.
DEED: Seller shall provide Warranty Deed(s).
EVIDENCE OF TITLE: The Seller and Buyer(s) will split 50:50 the expense of an Owner's Policy of Title Insurance in the amount of the purchase price.
CLOSING: The closing shall take place 15 days after as applicable closing documents are completed by Seller. All closing costs shall be split 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Prorated to the day of closing.
ACREAGE AND TRACTS: Some acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
SURVEY: The Buyer(s) and Sellers shall split 50:50 the expense for any survey for any tract where there is no existing legal description. Most tracts in this auction will not require any survey work. Any need for a new survey shall be determined solely by the Seller.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates has been scheduled to help in your investigation of the property and will be staffed with auction personnel.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
STOCK PHOTOGRAPHY: Some pictures are for illustrative purposes only.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.
