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Saginaw, MI Saginaw Country Land 188. acre for sale in Saginaw, MI

1 of 10
Description

February 28, 2018 Online bidding ends at 1pm (Saginaw) and 2pm (Genesee) Eastern



ONLINE Bidding ONLY:

Tract 1: 147.6+/-A (125A tillable) in Saginaw County

Tract 2: 41+/-A (40A tillable) in Genesee County

Walkover inspections welcome any time.



Information dates:

Tract 1- Saginaw: Thursday, February 22, 10am-12pm

Tract 2-Genesee: Thursday, February 22, 1-3pm

Call Bill Sheridan at 517-719-0768 or Troy Crowe at 989-666-6339 for more information.



Tract 1

147.6+/- acres in Saginaw County- W. Gary Rd, Chesaning

125.5+/- acres tillable

7-tower Electric Valley center pivot, corner arm w/40hp electric pump

(2) 6 wells 140ft, 120ft drop w/3 submersible pumps

3-phase electric service

500gal/minute capacity

Partial random tile 4 years ago

Parcel ID: 04-10-4-31-3001-003

SEV: $175,800 (2017)

Taxable Value: $80,009 (2017)

Taxes: $1248.68 (winter 17); $868.55 (summer 17)

Zoning: A-1 Primary Ag

Property Class: 102 Agricultural Vacant

Walkover inspections welcome



Information date: Thursday, February 22, 10am-12pm

Closing on property must be within 30 days from auction day.



Tract 2

41+/- acres in Genesee County- Nichols Rd, Montrose

40+/- acres tillable

Road frontage on Nichols Rd. and Seymour Rd.

Not tiled

Parcel ID: 13-09-300-002

SEV: $51,800 (2017)

Taxable Value: $30,492 (2017)

Taxes: $727.05 (winter 16); $347.75 (summer 16)

Zoning: Ag

Property Class: 100 Agricultural Vacant

Walkover inspections welcome

Information date: Thursday, February 22, 1-3pm

Closing on property must be within 30 days from auction day.



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. This property sells subject to the interest of the United States Bankruptcy Court, Eastern District of Michigan, being Case No. 17-20795 Chapter 12.



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 thirty (30) days from Auction Day. Purchaser will be responsible for all wire transfers.



Per the Contract, time is of the


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Don't Be Fooled

Fraudsters advertise a real estate property usually at a considerable discount. This allows the fraudster to receive as many replies or inquiries as possible. The fraudster goest to great lengths to make this property look as legitimate as possible and might include pictures, floor plans, etc. To make sure you express an interest in the property the fraudster will ask you to wire money for a deposit, verify funds, or other legitimate sounding reasons.