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LAND AUCTION - 99+/- ACRES - OFFERED IN 12 TRACTS - LENAWEE COUNTY, MI
Thu, Oct 14, 6:00 PM
Lenawee County, MI

Owner: High Country Farms LLC

SOLD FOR $431,570

• Approved Building Lots • Approved Sewer and Wells • Tillable Farmland • Beautiful homestead Potential • 5 miles from Adrian

OPEN HOUSE/INSPECTION DATES
Sept 24th 11am-2pm
Oct 5th 3pm-5pm
Oct 14th 12pm-2pm

PROPERTY LOCATION
From Adrian At the intersection of SR 52 and US 223 head North on SR 52 for 5 miles, then turn right onto Sutton Rd. Head east on Sutton Rd for 3 miles, then turn right to head south on N Raisin Center Hwy for half a mile. The property will be on your left.

From Tecumseh At the intersection of SR 50 and N Raisin Center Hwy, go south on N Rasin Center Hwy for 4.5 miles. The property will be on your left.

AUCTION LOCATION
Occasions Hall
313 N Evans St, Tecumseh, MI 49286

PROPERTY DESCRIPTION
The High Country land auction is a diversified opportunity for potential buyers seeking building sites, cropland, and recreational land. For those with development interest, the property offers four tracts that have already been approved for building, sewer, and wells. Several other tracts offer great homestead potential with beautiful views in a rural area just a short distance to Tecumseh and Adrian. The property also offers approx. 40 acres of tillable farmland that is currently in corn production, with the remaining acres being wooded or cut for hay. Dont miss this opportunity to make these properties your own!

TRACT DESCRIPTIONS
Tract 1: 1.0± ac A beautiful lot to make your own containing 1.014 +/- acres! This tract is an approved building site with frontage along Kopke Rd and Leeomi Drive. Also approved for sewer and water well.
Tract 2: 1.2± ac approved for building, sewer, and water well with frontage along Kopke Rd and N Raisin Center HWY.
Tract 3: 1.4± ac approved for building, sewer, and water well with frontage along N Raisin Center HWY.
Tract 4: 1.0± ac along N Raisin Center HWY that is approved for building. sewer, and water.
Tract 5: 3.5± ac that makes for a great potential rural homestead! The property can be accessed from N Raisin Center HWY or Leeomi Drive.
Tract 6: 3.5± ac in a beautiful, secluded setting with a tree line to the north offering plenty of privacy.
Tract 7: 3.5± ac with a gentle topography allowing for great building potential.
Tract 8: 3.5± ac with views of rolling meadows and trees making for a great potential homesite.
Tract 9: 13.5± ac of rolling meadows and woods allowing for diverse opportunities in hay production, recreational land, and a more spacious homestead.
Tract 10: 16± ac containing rolling grasslands and woodlands. The timberland offers a mix of hardwood and softwood trees around 30 years of age. The property also contains a small storage shed near the entrance off Kopke Rd. An excellent tract, be prepared to bid your price!
Tract 11: 41± ac currently in hay and corn production. The property offers approx. 30.5 acres of tillable farmland, and the north side of the tract offers beautiful locations to put a home. The trees on all sides create a wonderful, secluded tract to make your own!
Tract 12: 9.5± ac "Swing Tract” 9.5 +/- acres that can be bid on by an adjoining landowner or combined with tract 12. Currently in corn production and contains majority tillable acres. A great chance for neighbors to expand their backyard!

PROCEDURE: The property will be offered in 12 individual tracts, any combination of tracts (subject to "swing" tract limitations) and as a total 99+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

BUYER'S PREMIUM: A 3% Buyer's Premium will be added to the final bid price and included in the contract purchase price.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashier's 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.

EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before Dec 1, 2021. Administrative closing fees shall be split 50/50 between buyer and seller.

POSSESSION: Possession is at closing, subject to the tenant harvesting the growing corn crop.

REAL ESTATE TAXES: Seller shall pay 2021 property taxes, buyer shall pay 2022 taxes and beyond.

TILLABLE ACRES: the tillable acres have been estimated based on GIS field maps. For purposes of the brochure acres have been rounded.

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 have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's 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 in this auction. Any need for a new survey shall be determined solely by the Seller. 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 Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

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.