Auction Details

Albrecht Auction Service L.L.C.
June 12th (TUESDAY) - Real Estate Auction - Hunting Property with Farmland - BIDDING OPENS 6/5 AND CLOSES TUESDAY, JUNE 12, 2018 @ 5:00 P.M.

Item Description
1.One Parcel: 75 Acres +/- of Prime Hunting Property with lots of road frontage to build your hunting cabin or dream home. The land consists of approx. 48 acres of wooded property, approx. 16 acres of land that has been farmed, and approx. 11 acres of grassy/potential farmland offering amazing hunting opportunities as well as unlimited recreational uses. Address: 5770 Chambers Rd., Mayville, MI. (The HOUSE AND BUILDINGS on 5 ACRES will be offered by Online Auction approx. July 31, 2018, call Dave for details.).
Location: Located in N 1/2 of SE 1/4 of Section 30, Fremont Twp., Tuscola County, MI. Directions: From Mayville: go West 4 1/2 Miles on Saginaw Road to Chambers Road, then South 1/4 Mile or 7 Miles East of Vassar. 920’ road frontage x 2,640’ deep x 1320’ wide on back of property. Parcel ID#011-030-000-4700-02. Assessed value (with home): $139,100 (at 50%). Property class: 101 Agricultural, Mayville Schools.
Owner: Ida M. Richmond Trust
Possession: Possession will be at closing but Buyer can work the ground prior to closing.
Bidding Procedure: ATTENTION: You can Bid your Top Bid in the 'Maximum Bid Box' and the Computer will Bid for You at the Lowest Required Increment as Others Bid Against You. NOTE: THE BID YOU PLACE WILL BE A CONFIDENTIAL MAXIMUM BID. The Computer will bid for you as other bidders bid against you. Note: On the Final Day of the Auction - REFRESH THE PAGE OFTEN to update the timer and current bid price! Call if you need assistance!
9000.ONLINE BIDDING: All bidding will be done Online and is open to the public @ www.BidNow.us. Anyone can watch the bidding throughout the 7-day auction period. Bidders will be required to register for a bidder number unless they are already a current online registered bidder @ www.BidNow.us. Albrecht Auction reserves the right to call a bidder at anytime during the auction to question the person’s credentials. Albrecht Auction reserves the right to reject a bid/bidder if believed to be in the best interest of the Seller.
9001.On the final day of the Auction the time remaining will appear to the right of each item along with a 'Refresh Button' When the items are about to start closing: BE SURE TO HIT THE 'REFRESH' BUTTON OFTEN FOR THE MOST UP-TO-DATE BIDS!
9002.BIDDER PACKET: Information Available Online Including: Survey, Plat & Soil Map, Tax Info, Title Work, Etc.! Call Dave for Additional Information @ 989-823-8835!
9003.BIDDING EXTENSION: If there is Bidding Activity on an Item in the Last 10 Minutes before the Item Closes, Bidding Time will be Extended for 10 minutes. Bidding will Close on Each Item when there is no more bidding activity within the bidding extension (the bidding time 'countdown' is shown next to the bidding box on the last day of the Auction, When bidding is extended, the countdown clock turns Red.).
9004.ACCEPTANCE OF BID: The Seller has the right to a 24 hr. confirmation period to accept the offer following the auction. The high bidder will be called following the auction to determine a time to meet to sign the purchase agreement.
9005.PHONE BIDDING: This is an Online Auction but buyers can place bids over the phone w/ Albrecht Auction if they have made prior arrangements. You can also make arrangements to bid on our computers at the Office in Vassar on Tuesday, June 12th while the Auction is closing at 5:00 p.m. Call for Details 989.823.8835 and ask for Dave.
9006.INSPECTION: Feel free to walk the property anytime!
9007.5% BUYER'S PREMIUM AND EARNEST MONEY DEPOSITS: A 5% buyer’s premium will be added to the final bid price and become part of the purchase price. EARNEST MONEY DEPOSITS: : The successful bidder must deposit with the auctioneers the day following the auction earnest money deposits in the form of personal or business checks, cashier’s checks or certified checks in the following amounts: 10% deposit of high bid. Checks would be made out to the title company at closing. The deposits will apply to the purchase price at closing. Your bidding is “NOT” subject to obtaining financing. Deposits are non-refundable, so make sure your financing is arranged or you are capable of paying cash at closing.
9008.CLOSING AND POSSESSION: : The closing will be handled by Mid State Title, Vassar, MI. The successful bidder will be required to sign the purchase agreement immediately upon acceptance of offer. The earnest money deposit will be held by the title company. Closing to be approx. 45 days following the auction or as soon thereafter as applicable closing documents have been completed. POSSESSION: Possession will be at closing but Buyer can work the ground prior to closing.
9009.TITLE INSURANCE: Seller shall provide an Owner’s Policy of Title Insurance to the purchaser.
9010.TERMS: Cash or Conventional Mortgage at closing.
9011.ACREAGE AND SURVEY: All acreages, dimensions and proposed boundaries are based on a survey as well as aerial maps and current legal description. SURVEY: There is a current survey available. The land is being sold by the parcel, not by the acre.
9012.DIVISION RIGHTS & MINERAL RIGHTS AND EASEMENTS: All division rights (splits) and mineral rights owned will transfer to the buyer. EASEMENTS: Sale of property is subject to any and all easements of record.
9013.PROPERTY AND TRANSFER TAXES: : Property taxes will be prorated to day of closing per local custom. State and County Transfer Taxes will be paid by the Seller.
9014.AGENCY: Albrecht Auction Service, L.L.C. and its representatives are Exclusive Agents of the Seller.

Auction Warehouse / Main Office
875 State Rd, PO Box 50
Vassar, MI 48768
Phone: 989.823.8835
Fax: 989.823.2543

Auction Center
3960 W Saginaw Rd
Vassar, MI 48768
Phone: 989.823.8835