Auction Details

Albrecht Auction Service L.L.C.
October 2nd (Tuesday) - 60 Acres of Prime Frankenmuth Land! - BIDDING OPENS 9/25 AND CLOSES TUESDAY OCTOBER 2, 2018 AT 5:00 P.M.

Item Description
1.60 Acres Development Property selling as one parcel: The 27.56 acre parcel and .44 acre parcel are in the city limits and include two homes and outbuildings. The 32 acre parcel adjoins the city property and is in Frankenmuth Township.
Location: Address: 309 West Jefferson Street and 1010 Flint Street, Frankenmuth, MI. Located in Saginaw County, section 34 of Frankenmuth Township with frontage on East Curtis Street and both sides of the road on Flint Street. Directions: Take M-83/Main Street to South End of Frankenmuth and just South of the River, turn Southwest on Flint Street, then 4/10 Mile to corner of Flint Street and West Jefferson. Parcel I.D. Numbers: (Note: All 3 are selling together as one parcel); 27.56 acre city parcel #03-11-6-34-1952-000; .44 acre city parcel #03-11-6-34-1951-000; 32 acre Frankenmuth Twp. parcel #14-11-6-34-2001-000.
Owner: Arnold C. Weber and Leona F. Weber Living Trusts
Special Note: The township property is in the Urban Limit Agreement Area and the Zoning Administrator said the zoning is agricultural, but could be rezoned to residential and annexable to the city. The current zoning for the city property is RPUD (residential planned unit development) and can be used for single family to multi-family development. Phillip Kerns is the Zoning Administrator and Assistant City Manager and can be reached at 989.652.9901. He can answer your development questions.
Possession: Possession of the homes and buildings will be 30 days after 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 any time 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: Title Work, Property Tax Info, Plat Map. Call Dave for Additional Information @ 989-823-2550!
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 48 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, October 2nd while the Auction is closing at 5:00 p.m. Call for Details 989.823.2550 and ask for Dave or Drew.
9006.INSPECTION: Call for an appointment to view this property – 989.823.2550 Ask for Dave or Drew!
9007.3% BUYER'S PREMIUM AND EARNEST MONEY DEPOSITS: A 3% buyer’s premium will be added to the final bid price and become part of the purchase price. EARNEST MONEY DEPOSITS: : After the offer is accepted by the Seller, the successful bidder must deposit within 24 hours the earnest money deposit in the form of personal or business check, cashier’s check or certified check in the following amount: 10% deposit of high bid. 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 of the homes and buildings will be 30 days after 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 aerial maps and current legal description. SURVEY: If a survey is performed by the Buyer and acreage amounts change, it will not affect the sale price. The land is being sold by the parcel, not by the acre.
9012.DIVISION RIGHTS & MINERAL RIGHTS AND EASEMENTS: All division rights (splits) will transfer to the buyer. All 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