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TILLABLE AND RECREATIONAL LAND AUCTION - 238.5+/- ACRES OFFERED IN 5 TRACTS IN SHIAWASSEE COUNTY, MICHIGAN
3095 W Prior Rd, Bancroft, MI 48414 - Shiawassee County, MI
Owner: Iroquois Valley Farms LLC Mon, May 8, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $805,000
| Tract(s): 1 | @ $300,000 | ($2,298/acre) |
| Tract(s): 2+3 | @ $190,000 | ($3,392/acre) |
| Tract(s): 4+5 | @ $315,000 | ($6,057/acre) |
OPEN HOUSE/INSPECTION DATES
Saturday, April 22 from 9am-12pm
Saturday, April 29 from 9am-12pm
Friday, May 5 from 4-6pm
PROPERTY LOCATION
3095 W Prior Rd, Bancroft, MI 48414
Directions: 1 mile southwest of Bancroft, MI on Lansing Rd to Hoddy Ln (Hoddy Ln becomes Prior Rd) then north to property
AUCTION LOCATION
Hugh Event Center, 457 Emma Dr, Corunna, MI 48817
PROPERTY DESCRIPTION
Sections 27 and 34 Shiawassee Township, Shiawassee County, MI
Soils: Brookston, Sebewa and Berville Loam, Lenawee Silt Loam and Conover Loam
TRACT DESCRIPTIONS
Tract 1: 130.5± ac 130.5+/- Acres mostly Brookston, Sebewa and Berville Loam soils laying mostly flat w/ drainage ditch running north and south though the middle of the field, 200 ft. of frontage on Prior Rd
Tract 2: 28± ac 28+/- Acres mostly Lenawee silt loam and Conover Loam w/ 935 ft. of frontage on Prior Rd
Tract 3: 28± ac 28+/- Acres mostly Lenawee silt loam soils w/ 935 ft. of frontage on Prior Rd
Tract 4: 26± ac 26+/- Acres mostly Brookston and Conover loam soils w/ 855 ft. of frontage on Prior Rd
Tract 5: 26± ac 26+/- Acres mostly Brookston and Conover loam soils w/ 855 ft. frontage on Prior Rd and Hoddy Ln
TRACT MAP(S)
AREA MAP(S)
TILE MAP - TRACTS 2-3
TILE MAP - TRACTS 4-5
PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts and as a total 238.5+/- 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.
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 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 owners title insurance policy in the amount of the purchase price.
DEED: Property to be conveyed by Warranty Deed (subject to Permitted Exceptions).
PRIVATE ROAD DISCLOSURE: According to a 1996 Agreement, Hoddy Ln and Prior Rd are private rights-of-way to be maintained by the property owners. Shiawassee Co. Community Dev. advises that Hoddy Ln (on the east side of Tract 5) has been approved for the construction of a home. However, to construct a home on Prior Rd, the owner must pay for an upgrade to the countys private road specifications and obtain planning and zoning approval.
POSSESSION: Possession is at closing (which will take place approximately 30 days after the auction) or immediate farming rights w/ an additional 5% paid day of auction.
REAL ESTATE TAXES: 2023 taxes will be paid by the buyer.
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 w/ 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 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 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 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.
