LAND AUCTION - 81+/- ACRES OFFERED IN 4 TRACTS IN KENT COUNTY, MICHIGAN

Alto, Michigan - Kent County, Michigan

Owner: Tyler Creek Campground, LLC; Rick Rookstool Manager Mon, Feb 27, 2017 EASTERN

AUCTION IS OVER

TOTAL SOLD: $473,000

Tract(s): 1+2	@ $430,000	($5,584/acre)
Tract(s): 3+4	@ $43,000	($10,750/acre)

Own property nearby? These are real results from this sale, not estimates. Ask Ed Boyer and Ted Boyer, who managed this auction, what your property would bring in today's market. There is no obligation.

Ask about my property or call 800-451-2709

• 81+/- Acres offered in 4 Tracts • Productive Soils • Level to Rolling-has been part of a golf course for many years • 4 Building Sites - 2 Nice Wooded • Property Zoned Agricultural District • 18 Miles Southeast of Grand Rapids • Lowell School System • Online Bidding Available

OPEN HOUSE/INSPECTION DATES

Saturday, Feb. 11 from 10:00 to 11:30
Sunday, Feb. 19 from 2:00 to 3:30
Meet with Schrader representative at Club House.
Walk-over inspections permitted

PROPERTY LOCATION

TYLER CREEK CAMPGROUND, 13495 92nd St. SE (M 50) Alto, MI 49302. Go south of I 96 (exit 52) Lowell/Alto exit, on M 50 approx. 7 mile to property. Auction held in Club House.

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 18.3± ac 303 ft. Frontage 92nd St. (M 50). Level to gently rolling. Nearly all tillable with land prep. Possible Organic Certification on this tract.

Tract 2: 58.7± ac Approx. 1390 ft. Frontage on 92nd St. (M 50). Gently rolling to rolling land. Remove the landscape trees and prep land, it will be mostly tillable.

Tract 3: 2± ac 250 ft. Frontage on 92nd St. 350 ft. deep. Great wooded building site.

Tract 4: 2± ac 250 ft. Frontage on 92nd St. 350 ft. deep. Great wooded building site.

AREA MAP

TRACT MAP(S)

Tract map - LAND AUCTION - 81+/- ACRES OFFERED IN 4 TRACTS IN KENT COUNTY, MICHIGAN

SOIL INFORMATION

Soil map - LAND AUCTION - 81+/- ACRES OFFERED IN 4 TRACTS IN KENT COUNTY, MICHIGAN

AREA MAP(S)

Area map - LAND AUCTION - 81+/- ACRES OFFERED IN 4 TRACTS IN KENT COUNTY, MICHIGAN

PROCEDURE: The property will be offered in 4 individual tracts or as a total of 81+/- acres. Bid on individual tracts, any combination of tracts or on the entire property. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, 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. The final bid price are subject to the Sellers acceptance or rejection.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Sellers.

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

POSSESSION: Possession on or before closing.

REAL ESTATE TAXES: Seller shall pay the 2016 taxes, buyers responsible for 2017 and beyond taxes.

APPROVALS: Sale and closing shall be contingent upon approval by Bowne Township and the proposed land division and compliance with Public Act 591, as to all parcels sold. All real estate is being sold subject to any existing easements and right-of-ways of record and without grants of further division rights under Public Act 591.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will s hare the survey expense 50:50. 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 Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.