Auction Information
4 Waterview
AUCTION! October 24 at 11:00 AM 16 ACRES of prime waterfront real estate in Fox Lake. Currently consists of 2 homes on separate parcels. Each parcel can be purchased separately or entire parcel can be purchased and redeveloped. Property has been owned by seller for 65+ years. This is a once in a lifetime opportunity to own this gem. Wooded "island" connected by peninsula; private inlet with amazing bass fishing; very private with easy access. GREAT OPPORTUNITY for owner-occupied or investment redevelopment. List price is not sales price; sales price will be set by highest bid; 7.5% buyers premium added to high bid to establish total contract price. Property sold AS IS/WHERE IS with no warranties expressed or implied and is subject to seller confirmation. Must close by 12/23/15 Non-refundable deposit of $100,000 due from high bidder upon seller confirmation.
Property will be offered as ...
Property will be offered as follows: Parcel #1 will consist of that portion of 612 E. Grand Ave. designated by the survey overlay as Parcel #1; Parcel #2 will consist of that portion of 612 E. Grand Ave. designated by the survey overlay as now proposed as Parcel #2, along with the entirety of 614 E. Grand Ave., 616 E. Grand Ave; and Parcel #3 will consist of the combination of parcel #1 & #2 price before buyers fee and a 5% bid equalizer will be added to price of #1 & #2 to determine the starting bid for Parcel #3 if no bids are received on parcel #3 at or above the price after bid equalizer has been added, then offers will be drafted on Parcels #1 & #2 separately. All properties described and announced as sold subject to seller confirmation, confirmation to be within 48hrs of midnight date of auction. If bid(s) are rejected by seller, buyer(s) will receive full refund of down payment(s). Buyers agree to cooperate with Seller while Seller obtains final survey, well and septic, and driveway easements should the parcels be sold to separate buyers.
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