County: Ingham
Township: Vevay
School System: Mason
Tract 1:
Acreage: Approx. 6.37A
Tillable acres: Approx. 5A
Property class: 102 Ag-Vacant
Zoning: R1A (Ag. Residential)
Parcel ID: part of 33-10-10-15-200-005
SEV: N/A- this tract is part of a larger parcel
Taxable Value: N/A- this tract is part of a larger parcel
Taxes: N/A- this tract is part of a larger parcel
Tract 2:
Acreage: 10.21A + Home
Property class: 101 Ag-Imp
Zoning: R1A (Ag. Residential)
Parcel ID: 33-10-10-15-200-006
SEV: $89,650 (2012)
Taxable Value: $59,314 (2012)
Taxes: $2006.97 (2012)
House: 3284sf, 3BR, 2BA, 2-car detached garage, unfinished basement, built 1861, extra large family room addition with wood-burning stove, several storage rooms, front porch, new Trex deck on back of house, paved driveway, several outbuildings & barns, on-site well & septic, natural gas heat. Appliances: stove, commercial-size refrigerator/freezer, washer, dryer, new dishwasher
Tract 3:
Acreage: 4.93A
Property class: 102 Ag-Vacant
Zoning: R1A (Ag. Residential)
Parcel ID: 33-10-10-15-200-007
SEV: $7,950 (2012)
Taxable Value: $7,950 (2012)
Taxes: $274.54 (2012)
Exhibit A<br>
Terms and Conditions of Real Estate Auction<br>
The Joe & Mary Stid Estate <br>
21.5A + house and buildings, Mason, MI<br>
Ingham County, Vevay Township<br>
<br>
1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. Online computer bidding will be available the day of the sale as well, once the first round bids have been placed and combination bidding has been opened.<br>
<br>
2. Bidding will remain open until the close of the auction. The property will be offered in 3 individual tracts, or any combination of tracts. Bids on tracts and tract combinations may compete, and there will be open bidding on tracts and tract combinations during the auction. The final bids, resulting in the highest sale price, will be presented to the Seller. There will be interactive bidding via the internet.<br>
<br>
3. A Buyer’s Premium of 3% of the successful bid will be due from the Buyer at closing. Please take this into consideration when bidding.<br>
<br>
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
<br>
5. 10 % (non-refundable) deposit must be presented upon signing this offer in the form of cash, certified or personal check. Balance of purchase price is due at close of sale, which shall be approximately 30 days after Auction Date, or as soon thereafter as applicable closing documents are completed. <br>
<br>
6. Real Estate is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.<br>
<br>
7. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Seller makes no guarantee that a building permit will be granted by Vevay Township on vacant lots. <br>
<br>
8. Real Estate sale shall include all of the mineral, oil and gas rights owned by the Seller(s). <br>
<br>
9. There will be a new survey for Tract 1. Tracts 2 & 3 will sell with existing legal descriptions and property ID numbers. No new survey will be provided.<br>
<br>
10. Possession on all tracts (Tracts 1, 2, & 3), is subject to tenant’s rights. 2013 growing crop and harvest rights belong to tenant. Possession of Tract 2, the house and buildings, shall be 30 days past closing. Tenant reserves possession of farm shop and hip roof barn until Dec. 31, 2013. <br>
<br>
11. The July 2013 tax bill will be paid by seller. All taxes and assessments billed after July 1, 2013, and thereafter, are paid by buyer. No proration. <br>
<br>
12. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. <br>
<br>
13. The sale of tract 2 (house and buildings) will conform to Ingham County Health Department point of sale requirements for well and septic. Ingham County Health Department has conducted a perk test on Tracts 1 & 3 (vacant lots). A copy of the perk reports will be available to prospective buyers. <br>
<br>
14. Earnest Money Deposit is non-refundable.<br>
<br>
15. The closing fee charged by Title Company will be shared equally between Buyer(s) and Seller(s).<br>
<br>
16. Seller(s) will provide an owner’s policy of title and convey title with a Warranty Deed.<br>
<br>
17. Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Sellers.<br>
<br>
18. In order to be recognized as a buyer’s agent and receive co-op commission you must pre-register your buyers with the Auction Company 24 hours prior to the Auction Date. Agents who fail to pre-register their buyers 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. Contact Sheridan Realty & Auction Co. for details.<br>
<br>
19. All announcements from the Auction Block take precedence over printed material.<br>
<br>
20. 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 Real Estate Auction<br>
The Joe & Mary Stid Estate <br>
21.5A + house and buildings, Mason, MI<br>
Ingham County, Vevay Township<br>
<br>
1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. Online computer bidding will be available the day of the sale as well, once the first round bids have been placed and combination bidding has been opened.<br>
<br>
2. Bidding will remain open until the close of the auction. The property will be offered in 3 individual tracts, or any combination of tracts. Bids on tracts and tract combinations may compete, and there will be open bidding on tracts and tract combinations during the auction. The final bids, resulting in the highest sale price, will be presented to the Seller. There will be interactive bidding via the internet.<br>
<br>
3. A Buyer’s Premium of 3% of the successful bid will be due from the Buyer at closing. Please take this into consideration when bidding.<br>
<br>
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
<br>
5. 10 % (non-refundable) deposit must be presented upon signing this offer in the form of cash, certified or personal check. Balance of purchase price is due at close of sale, which shall be approximately 30 days after Auction Date, or as soon thereafter as applicable closing documents are completed. <br>
<br>
6. Real Estate is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.<br>
<br>
7. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Seller makes no guarantee that a building permit will be granted by Vevay Township on vacant lots. <br>
<br>
8. Real Estate sale shall include all of the mineral, oil and gas rights owned by the Seller(s). <br>
<br>
9. There will be a new survey for Tract 1. Tracts 2 & 3 will sell with existing legal descriptions and property ID numbers. No new survey will be provided.<br>
<br>
10. Possession on all tracts (Tracts 1, 2, & 3), is subject to tenant’s rights. 2013 growing crop and harvest rights belong to tenant. Possession of Tract 2, the house and buildings, shall be 30 days past closing. Tenant reserves possession of farm shop and hip roof barn until Dec. 31, 2013. <br>
<br>
11. The July 2013 tax bill will be paid by seller. All taxes and assessments billed after July 1, 2013, and thereafter, are paid by buyer. No proration. <br>
<br>
12. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. <br>
<br>
13. The sale of tract 2 (house and buildings) will conform to Ingham County Health Department point of sale requirements for well and septic. Ingham County Health Department has conducted a perk test on Tracts 1 & 3 (vacant lots). A copy of the perk reports will be available to prospective buyers. <br>
<br>
14. Earnest Money Deposit is non-refundable.<br>
<br>
15. The closing fee charged by Title Company will be shared equally between Buyer(s) and Seller(s).<br>
<br>
16. Seller(s) will provide an owner’s policy of title and convey title with a Warranty Deed.<br>
<br>
17. Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Sellers.<br>
<br>
18. In order to be recognized as a buyer’s agent and receive co-op commission you must pre-register your buyers with the Auction Company 24 hours prior to the Auction Date. Agents who fail to pre-register their buyers 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. Contact Sheridan Realty & Auction Co. for details.<br>
<br>
19. All announcements from the Auction Block take precedence over printed material.<br>
<br>
20. 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.