Click here to view the household auction that ends at 3pm for this property.
Tract 1: 60± Acres
28.6 Acres Tillable
6640 Schneider Rd, Manchester
Freedom Twp, Washtenaw County, Sect. 27
Parcel IDs: N-14-27-400-007, N-14-27-400-001
SEV: $134,800 (2014)
Taxable Value: $95,717 (2014)
Taxes: $2746.02 (2013)
1,768sf house w/ 3-car attached garage (1,408sf)
2,048sf pole barn, 2,048sf old hip roof barn
Soil type: Oshtemo Loamy Sand, Miami Loam, Fox
Sandy Loam
Rental income from fiber optics lease
(MCI Telecommunications) $900/mo; 99yr lease
beginning Jan. 1984
MCI Telecommunications, Inc.
7701 E. Telecom Parkway, MC: FLTDSB1W
Temple Terrace, FL 33637
Attn: Verizon Global Real Estate
GLC: BRDTMI
Any questions should be directed to: Sherri DeFelice- Lease Analyst- Verizon Global Real Estate
T: 813-978-2042
F: 813-632-3880
Tract 2: 29.99± Acres
13.69± Acres Tillable
Freedom Twp, Washtenaw County, Sect. 26
Parcel ID: N-14-26-300-009
SEV: $59,000 (2014), Taxable Value: $21,837 (2014)
Taxes: $623.36 (2013)
Soil Type: Fox Sandy Loam, Boyer Loamy Sand
Exhibit A<br>
Terms and Conditions of Online Only Real Estate Auction<br>
<br>
This online only auction is subject to seller confirmation and is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. <br>
<br>
Once you place a bid, it cannot be removed, even if you have bid incorrectly. Please verify your bids before submitting. When you place a bid, you’re confirming that you have inspected the property (or waived your ability to inspect) and that you have read and agreed to the contract and the terms and conditions of this auction. Please do not bid unless you have done this. Do not bid unless you are able to close in thirty (30) days, or the seller may exercise its right to retain your down payment.<br>
<br>
Bidding increments are as follows: <br>
$200 - $1000 = $25<br>
$1,000 - $10,000 = $100<br>
$10,000 - $25,000 = $500<br>
$25,000 - $500,000 = $1,000<br>
$500,000 - $1,000,000 = $5,000<br>
$1,000,000 and up = $10,000<br>
<br>
A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. Example: Final bid price on a property is $100,000. Add the 10% buyer’s premium of $10,000 to get a final price of $110,000. This is the actual sales price that will be used on the purchase agreement, and the number upon which transfer tax and title insurance are based. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Sheridan Realty & Auction Co. within Forty Eight (48) hours.<br>
<br>
Successful Bidders will deposit 10% of the sale price in the form of a cashier’s check or wire transfer with Sheridan Realty & Auction Co. within Forty Eight (48) hours of the completion of the auction. The earnest money deposit is non-refundable. The entirety of the remaining balance is due at closing on or before Thirty Days (30) from Auction Day. Purchaser will be responsible for all wire transfers. <br>
<br>
Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, and all closing fees charged by the Title Company are shared equally between Buyer(s) and Seller(s).<br>
<br>
Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Sheridan Realty & Auction Co. incurred in a subsequent resale of the property. <br>
<br>
Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is” with a closing deadline.<br>
<br>
Sheridan Realty & Auction Co. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Sheridan Realty & Auction Co. will reject the registration, and bidding activity will be terminated. <br>
<br>
Buyer acknowledges they are buying property “as-is, where-is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10 day lead based paint test. <br>
<br>
The sale of Tract No. 1 is subject to successful transfer of the leasehold interest of fiber optic tower with Verizon Global Real Estate as tenant to the new land owner. The process of the transfer will be handled by the seller and broker at closing. Contact information for Verizon Global Real Estate (MCI Telecommunications) can be found on the main page of this auction (click “View Documents” under the notes section and then click to download the file).<br>
<br>
Seller(s) will provide an owner’s policy of title and convey title with a Full Warranty Deed.<br>
<br>
Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Seller(s). Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller, or bid on behalf of the seller, if necessary. <br>
<br>
Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. Properties that are rented are subject to Tenant’s Rights. There are no security deposits for any properties. Taxes and assessments will be pro-rated to the closing date. <br>
<br>
All rental units must comply with city building codes to obtain or keep occupancy permits. All expenses are the responsibility of the buyer.<br>
<br>
All Sheridan Realty & Auction Co. Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. <br>
<br>
A two percent (2%) bid price commission is available to properly registered Brokers. You must pre-register your Buyers with Sheridan Realty & Auction Co. twenty four (24) hours before the end of the auction. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker cannot act as a Principal and Broker on the same transaction. Please review the form for eligibility. <br>
<br>
The terms and covenants of the purchase agreement, including these additional terms (Exhibit A), shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties.
Terms and Conditions of Online Only Real Estate Auction<br>
<br>
This online only auction is subject to seller confirmation and is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. <br>
<br>
Once you place a bid, it cannot be removed, even if you have bid incorrectly. Please verify your bids before submitting. When you place a bid, you’re confirming that you have inspected the property (or waived your ability to inspect) and that you have read and agreed to the contract and the terms and conditions of this auction. Please do not bid unless you have done this. Do not bid unless you are able to close in thirty (30) days, or the seller may exercise its right to retain your down payment.<br>
<br>
Bidding increments are as follows: <br>
$200 - $1000 = $25<br>
$1,000 - $10,000 = $100<br>
$10,000 - $25,000 = $500<br>
$25,000 - $500,000 = $1,000<br>
$500,000 - $1,000,000 = $5,000<br>
$1,000,000 and up = $10,000<br>
<br>
A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. Example: Final bid price on a property is $100,000. Add the 10% buyer’s premium of $10,000 to get a final price of $110,000. This is the actual sales price that will be used on the purchase agreement, and the number upon which transfer tax and title insurance are based. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Sheridan Realty & Auction Co. within Forty Eight (48) hours.<br>
<br>
Successful Bidders will deposit 10% of the sale price in the form of a cashier’s check or wire transfer with Sheridan Realty & Auction Co. within Forty Eight (48) hours of the completion of the auction. The earnest money deposit is non-refundable. The entirety of the remaining balance is due at closing on or before Thirty Days (30) from Auction Day. Purchaser will be responsible for all wire transfers. <br>
<br>
Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, and all closing fees charged by the Title Company are shared equally between Buyer(s) and Seller(s).<br>
<br>
Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Sheridan Realty & Auction Co. incurred in a subsequent resale of the property. <br>
<br>
Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is” with a closing deadline.<br>
<br>
Sheridan Realty & Auction Co. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Sheridan Realty & Auction Co. will reject the registration, and bidding activity will be terminated. <br>
<br>
Buyer acknowledges they are buying property “as-is, where-is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10 day lead based paint test. <br>
<br>
The sale of Tract No. 1 is subject to successful transfer of the leasehold interest of fiber optic tower with Verizon Global Real Estate as tenant to the new land owner. The process of the transfer will be handled by the seller and broker at closing. Contact information for Verizon Global Real Estate (MCI Telecommunications) can be found on the main page of this auction (click “View Documents” under the notes section and then click to download the file).<br>
<br>
Seller(s) will provide an owner’s policy of title and convey title with a Full Warranty Deed.<br>
<br>
Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Seller(s). Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller, or bid on behalf of the seller, if necessary. <br>
<br>
Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. Properties that are rented are subject to Tenant’s Rights. There are no security deposits for any properties. Taxes and assessments will be pro-rated to the closing date. <br>
<br>
All rental units must comply with city building codes to obtain or keep occupancy permits. All expenses are the responsibility of the buyer.<br>
<br>
All Sheridan Realty & Auction Co. Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. <br>
<br>
A two percent (2%) bid price commission is available to properly registered Brokers. You must pre-register your Buyers with Sheridan Realty & Auction Co. twenty four (24) hours before the end of the auction. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker cannot act as a Principal and Broker on the same transaction. Please review the form for eligibility. <br>
<br>
The terms and covenants of the purchase agreement, including these additional terms (Exhibit A), shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties.