• AUCTION CANCELLED - PROPERTY HAS BEEN SOLD
AUCTION CANCELLED - 139 +/- Acres Offered in 4 Tracts - Michigan Land
Mason, Michigan - Ingham County
Owner: M/S Mason Properties LLC Thu, May 2, 2013 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Tuesday, April 16, from 3 p.m. to 5 p.m.
Meet a Schrader Representative at the barn on tract 2 for more information.
Walk overs are permitted at any time until planting.
PROPERTY LOCATION
From the intersection of US 127 and Kipp Road (Exit 64) on the south side of Mason, travel east on Kipp Road 1.7 miles to Dexter Trail. Turn left (north) on Dexter Trail and travel 0.5 mile to the property on the left side of the road.
AUCTION LOCATION
Mason City Hall, 201 West Ash Street, Mason, MI. From the intersection of Kipp Road and Jefferson Street, 0.2 miles east of US 127 exit 64, travel north 0.8 mile to City Hall at the southwest corner of Jefferson Street and Ash Street, downtown Mason.
PROPERTY DESCRIPTION
AUCTION CANCELLED - PROPERTY HAS BEEN SOLD
Tract Information: The property is made up of nearly all tillable land with frontage on three roads. The property was annexed into the City of Mason in 2005. Seller shall pay any/all outstanding Special Assessments related to the east side sewer district at closing. Seller shall also credit Buyer(s) at closing $110 per tillable acre for 2013 cash rent. Water and sewer are within 1/4 mile of the property.
TRACT DESCRIPTIONS
Tract 1: 28± ac all tillable with frontage on M-36 (Dansville Road) and Columbia Road. All Capac Loam soils.
Tract 2: 33± ac mostly tillable with an older barn along the M-36 frontage. All Capac Loam soils.
Tract 3: 36± ac with approximately 33 acres tillable. Frontage on M-36. Capac and Colwood-Brookston Loams.
Tract 4: 42± ac with approximately 38 acres tillable. Frontage on M-36 and Dexter Trail. Mostly Marlette Sandly Loam, Capac and Colwood-Brookston Loams.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, combinations of tracts and as a total 139 +/- acre unit. There will be open bidding on tracts, combinations, and the total during the auction as determined by the Auctioneer. Bids on individual tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of the auction. The down payment may be made in the form of cashiers check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection based on an advertised reserve of $4,500 per acre on the entire property.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty and/or Trustees Deed(s).
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession will be at closing subject to farm tenants rights to 2013 crop. Seller to credit Buyer(s) $110 per tillable acres at closing.
REAL ESTATE TAXES: The Buyer will be responsible for the summer 2013 Real Estate taxes billed July 2013 and thereafter. The Seller pays transfer tax.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquires and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions of this auction. Any need for a new survey shall be determined solely by the Seller. If needed, Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.
AGENCY: Schrader Real Estate and 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 the 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 persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECENCED OVER THE PRINTED MATERIAL OR ANY OTHER STATEMENTS MADE.
