4 Bedroom, 1.5 Bathroom, 2-Story English Tudor-Style Home in Leslie, MI

by Sheridan Realty & Auction Co.

When

June 12, 2018 Online bidding ends at 1pm Eastern Daylight

Where

623 S. Main St. Leslie, MI

How

Online Only

Notes

Open Houses: Sunday, May 6, 1-3pm
Saturday, May 19, 11am-2pm
Sunday, June 10, 1-3pm
Monday, June 11, 11am-1pm

4 bedroom, 1.5 bathroom, 1,458 sq. ft. English Tudor-style home on 1.7 acres, with 2-car garage and matching stand-alone 2-story guest house.
P.P.# 33-17-14-28-328-001
SEV: $84,150
Taxable Value: $77,216
Taxes: $5,577.57 (2017)
Zoning: R1A LO
Property Class: Residential Improved
School District: Leslie
Unfinished basement
Public water/sewer
Guest house: 1 bedroom, 1.5 bathroom

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** TWO IMMACULATE HOMES ON ONE PARCEL **
One-of-a-kind craftsman-built house (1,458 sq ft) in the English Tudor style with matching stand-alone 2-story guest house (1,000 sq ft) has had only three owners since it was originally built in 1948. The property has been lovingly cared for by the current family for more than 30 years. Highest-quality materials and impressive special features in both houses make this a highly desirable property with nearly 2 acres of land bordering Huntoon Creek in the Leslie city limits. Tongue and groove 3/4 inch oak hardwood floors throughout both houses with tiles in bathrooms and kitchens. Cherry wood paneling in main house. Tongue and groove wainscoting in the guest house. Fieldstone fireplace, leaded glass windows, oak staircases and balustrades, custom-made kitchen cabinets, timber beams in kitchen and living room, granite counters in main house, fleur-de-lis slate tiles in kitchen of main house, plenty of storage throughout both houses, stand-alone root cellar, basement pantry, work room, basement office, 2-car garage to store boats, riding lawn mowers, snowmobiles and jet skis. Two English rock gardens, a manicured lawn and plenty of hardwood trees are enjoyed from the wrap-around deck of the main house. House and deck painted in 2017. Custom-made storm windows all restored in 2017.
The guest house was completed in 1992 and has a separate address (619 S. Main St., Leslie MI). In 2018 it has a completely renovated kitchen and bathroom with new cabinets, appliances and flooring. New furnace and water heater (2018) in guest house.
City water and sewerage for both houses.

Exhibit A
Terms and Conditions of Online Only Real Estate Auction

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.

Once you place a bid, it cannot be removed, even if you have bid incorrectly. Please verify your bids before submitting.

Bidding increments are as follows:
$200 - $1000 = $25
$1,000 - $10,000 = $100
$10,000 - $25,000 = $500
$25,000 - $500,000 = $1,000
$500,000 - $1,000,000 = $5,000
$1,000,000 and up = $10,000

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.

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 Forty Five (45) days from Auction Day. Purchaser will be responsible for all wire transfers.

Per the Contract, time is of the essence; you should proceed to closing within Forty Five (45) 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).

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.

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.

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.

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.

Seller(s) will provide an owner's policy of title and convey title with a Warranty Deed.

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.

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 currently 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.

All rental units must comply with city building codes to obtain or keep occupancy permits. All expenses are the responsibility of the buyer.

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.

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.

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.

Conducted By

Sheridan Realty & Auction Co.

Mason, MI 517.676.9800

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