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LAND AUCTION - 194+/- ACRES OFFERED IN 5 TRACTS IN VAN BUREN COUNTY, MICHIGAN

Van Buren County, Michigan - Porter Township

Owner: Elizabeth M Wolfe Trust Tue, Jul 23, 2019

AUCTION IS OVER

• 194+/- Acres offered in 5 Tracts ranging from 10+/- to 98+/- Acres • Productive Tillable Farmland • Concord Grapes • Prime Hunting & Recreational Land • Potential Scenic Home Site • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES

Tuesday, June 25th from 4-6PM
Monday, July 8th from 4-6pm

Meet a Schrader agent at Tract 2

PROPERTY LOCATION

From Auction Site (intersection of M-40 and 88th Ave), go west 0.7 miles to Tract 1.

AUCTION LOCATION

Porter Township Hall, 88040 M-40, Lawton, MI (at the intersection of M-40 and 88th Ave). Approx. 5 miles south of Welchs Company in Lawton on M-40 or approx. 5.4 miles north of Marcellus on M-40.

TRACT DESCRIPTIONS

Tract 1: 98± ac mostly productive tillable farmland with 10+/- acres of Concord grapes and 2+/- acres of woodland. This is one large contiguous field with easy access from 88th Ave. Kalamazoo loam is the predominate soil type on this tract.

Tract 2: 24± ac of Concord grapes which have been well managed. The grapes on this tract were hand pruned. If you are looking for a productive well managed vineyard investigate this tract.

Tract 3: 10± ac with easy access from 88th Ave. Investigate this tract as a possible home site in the country. Scenic view overlooking a prime wildlife habitat area.

Tract 4: 46± ac of woodland and wetland wildlife habitat area. Excellent hunting area both Deer and Turkey. Only a few family members have hunted this tract very sparingly. The two photos are examples of Deer harvested during the 2017 & 2018 hunting season. The tract cam pictures were taken during the month of May 2019. Go to our website for more pictures. Well maintained trails on the property.

Tract 5: 16± ac SWING TRACT This tract must be purchased by an adjoining landowner or in combination with Tract #4. This tract features 8+/- acres of Niagara Grapes with the balance tillable farmland. Great add on to Tract #4 for excellent wildlife food plots. The combination of Tracts 4 & 5 could be one of the prime hunting areas in the county.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts and as a total 194 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts, and as a whole.

BUYERS PREMIUM: A 5% Buyers 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 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 Agreement 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 owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed.

CLOSING: The targeted closing date will be approximately November 1st, 2019, however, if Tract #4 is purchased separately for hunting the closing will need to occur before any hunting will be allowed.

POSSESSION: Possession is at closing subject to tenants harvesting 2019 crops

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due in July 1, 2020 and thereafter.

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 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 acreage, 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 Sellers 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 persons 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.