REAL ESTATE & PERSONAL PROPERTY AUCTION - 80+/- ACRES OFFERED IN 7 TRACTS IN VAN BUREN COUNTY, MI
Paw Paw, Michigan - Van Buren County, Michigan · Owner: Don & Lorri Mihelich
Auction dateReal estate Tue, Nov 8, 2016 ETEquipment & personal property at 9:30 AM
Acres80±
Tracts7
Auction held atPersonal Property - on site (53488 42nd St., Paw Pay, MI) Starts at 9:30 (2 Rings) Real Estate - Van Buren Conference Center, 490 S. Paw Paw St., Lawrence, MI 49064 Real Estate Auction starts at 6:00
**Auctioneer Note: Large Auction! We will be selling 2 Rings. Many items are not listed. Live.
Open house / inspection dates
Thurs., October 13 from 5:00 - 6:00PM Wed., October 26 from 2:00 - 3:30PM
Property location
53488 42nd St. Paw Paw, MI 49079(1 mile North of Red Arrow Highway on 42nd St.)
Auction location
Personal Property - on site (53488 42nd St., Paw Pay, MI) Starts at 9:30 (2 Rings) Real Estate - Van Buren Conference Center, 490 S. Paw Paw St., Lawrence, MI 49064 Real Estate Auction starts at 6:00
Tract descriptions
Tract
Acres
Description
1
7±
This wonderful Hobby Farm comes with farm house, Morton 40 x 30 heated shop. Cattle & hay barn for storage. Approx. 2,000 Sq. Ft home. Michigan basement, 4 bedrooms, office, 1 bath. Lp gas forced air. Central AC.
2
11±
All tillable. Approx. 5 acres of grapes. Great corner lot.
3
11±
Mostly tillable. Approx. 2 acres of grapes.
4
11±
Tillable. Currently being used for pasture.
5
13±
This parcel has approx. 9 acres of grapes.
6
13.5±
Approx. 5 acres of grapes. Woods on this parcel. This would be a great location to build a home overlooking the orchard.
7
13.5±
Approx. 5 acres of grapes. Great Location to build a home surrounded by woods to the West & North.
Equipment & personal property
TRUCKS & TRAILERS:
1996 KW T 600 Aero cab 937556 mi., Detroit 60 series, 10 spd trans, cruise, Jake brake, dbl sleeper, alum. rims, air ride cab & suspension, 7500 watt generator, nice truck, customized
1997 IH 8200 day cab, shows 659,000 mi., Eaton Fuller 10 spd, d.o.t. up to date, new N14 Cummins, southern truck, new tires & turbo
2002 Transcraft 48 ft. Super Beam flat deck w/ 9 ft. spread, tool boxes
1998 Haulmark triaxle 48 ft. 3 car cap., dbl deck in back, shop area w/ work bench & cabinets, living quarters, shower, toilet, power lift gate
1978 Summit alum. 30 ft. dump trailer, 60 ft. sides tag axle, roll tarp
1974 IH 1600 345 gas 5 & 2 trans., new brakes, 42,000 mi., clean, solid truck, 16 ft. grain bed, hoist
1982 GMC 3500 4x4, 454 V8, 4 spd showing 60,000 mi., steel dump bed
JD 7000 8RN liq fert planter w/ Ausherman GP single disc fert openers, Yetter no-til coulters w/ row cleaners, monitors
Case 12 ft. wheel disc w/ 18 in. blades
Case 7 shank cushion gang disc chisel
Area map
Tract map
Soil information
Area map
Terms
PROCEDURE: The property will be offered in 7 individual tracts or as a total of 80 +/- 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.
DOWNPAYMENT: 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. YOURBIDDINGISNOTCONDITIONALUPONFINANCING, SOBESUREYOUHAVEARRANGEDFINANCING, IFNEEDED, ANDARECAPABLEOFPAYINGCASHATCLOSING.
ACCEPTANCEOFBIDPRICES: 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.
EVIDENCEOFTITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
POSSESSION: Possession on or before closing with tenants rights to 2016 crop.
REALESTATETAXES: Seller shall pay the 2016 taxes, buyers responsible for 2017 and beyond taxes.
APPROVALS: Sale and closing shall be contingent upon approval by Paw Paw 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 share the survey expense 50:50.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMERANDABSENCEOFWARRANTIES: 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 ASIS, WHEREIS 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.
PERSONALPROPERTYTERMS: Cash, check with proper I.D. All announcements made day of sale take precedence over any and all printed material and oral statements made.