CORDRAY LAND AUCTION-ONLINE ONLY-WEDNESDAY
SYKORAAUCTIONS.COM PRESENTS!
ONLINE AUCTION
GRATIOT COUNTY MICHIGAN FARMLAND
Cloyd (Pat) & Rita Cordray will offer 40 acres Farmland to the public via Online Only Auction
LAND LOCATED 2 ½ MILES EAST OF ASHLEY, MI. ON M-57 (OR) 3 MILES NORTH OF BANNISTER, MI. ON BARRY RD. (Elba Twp. Gratiot Co. Michigan)
Wednesday eve. April 17, 2024 – closing @ 7 PM EST.
ONLINE BIDDING FROM THE CONVENIENCE OF YOUR HOME OR OFFICE
SYKORAAUCTIONS.PROXIBID.COM PRE-REGISTRATION REQUIRED. 877-505-7770
CLICK ON THE BLUE ICON BELOW FOR ONLINE BIDDING & REGISTRATION
40+/- Acres Offered As One Highly Tillable Farmland Parcel
NW1/4 of the NW1/4, Section 15, Elba Township, Gratiot County, MI.
The following parcel will be sold by Online Auction closing out at 7:00 PM.
Location: In the SE Quadrant of the Intersection of M-57 & Barry Roads. 2 ½ MILES EAST OF ASHLEY, MI. OR 3 MILES NORTH OF BANNISTER, MI. ON BARRY RD.
Legal Description: NW1/4 of the NW1/4, Section 15, T9N R1E Elba Township, Gratiot County, MI.
- Tax Parcel ID No. 03-015-012-00
- Frontage E. Cleveland Road (M-57) & S. Barry Road
- 2023 Taxable Value $13,979, Assessed $86,200
- Ashley Public School District
- 40+/- Acres Farmland, 35 +/- Tillable, Hwy. Clear Vision area
- Poly Tiled in 2000 every 50’ w/ good drainage & maps
- Gratiot County Drain No. 181 Along East & South Boundaries
- Not Enrolled in PA-116
- Arrangements may be made for 2024 farming season w/ accepted Purchase Agreement & deposit.
Cloyd (Pat) & Rita Cordray, Owners Ashley, Mi. 48806
AUCTION TERMS AND CONDITIONS
The terms and conditions of this auction will be governed by the Contract for Sale of Real Estate (here-in called the Purchase Agreement.) The following terms are a summary provided for the convenience of the bidder. A sample Purchase Agreement is available from the auction company in the bidder’s packet and should be reviewed prior to the auction. All properties sell “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Any improvements which must be made are the responsibility of the purchaser. All information advertised or stated was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations; Purchasers shall rely entirely on their own information, judgment, and inspection of the property and record. In order to bid at the auction, prospective Purchasers will be required to sign a waiver eliminating the opportunity to conduct a risk assessment or inspection for the presence of lead based paint and/or lead paint hazards after the auction, if a residential dwelling exists. Purchasers can inspect prior to the auction. The Real Estate will be sold free and clear of all liens. The Real Estate will be sold subject to any easements and building and use restrictions of record. If a multiple parcel offering, any parcel laying adjacent to each other sell to the same owner they will sell together as one parcel. In the event the adjacent parcel offerings sell to separate Purchaser’s, an application for land divisions as depicted in the sale information may be put before the local unit of government with Seller reserving the right to make reasonable adjustments to proposed boundaries to accommodate the creation of said land divisions. Any sale is contingent upon the approval of land divisions by the local unit of government. The cost of any survey requirements of the local governmental unit or Title Company shall be paid by Purchaser. Purchasers can inspect prior to the auction. Any announcement made at the auction site takes precedence over printed material.
DEPOSIT FOR REAL ESTATE: A total of $15,000 per tax parcel is required as an earnest money deposit upon execution of the Auction Purchase Agreement documents. Check and cashier’s check are accepted for the deposit. This deposit is deemed non-refundable if the Purchaser does not carry through with the purchase. Your bidding is not conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing. Contact sales manager for assistance in arranging financing options.
CLOSING TERMS: Balance of purchase price will be due at closing which will be scheduled within 45 days, unless extend longer to a time period of ten (10) days after completion and approval of land division process, if required. Real estate property taxes shall be prorated. Possession will be given at the closing. Seller shall provide an owner’s title insurance policy in the amount of the purchase price. Closing will be held by a Title Company. Closing fees will be divided evenly between the Purchaser and the Seller. Real Estate sells subject to owner’s confirmation, within 72 hours of auction completion.
BUYERS NOTE: If you are the successful bidder, you must sign all Purchaser Agreement documents within 24 hours of the conclusion of the Auction. At that time your check will be endorsed as a non-refundable deposit on the Real Estate. That ability to obtain financing is NOT a contingency of the sale. The Auction will be conducted at the sole discretion of the Auctioneer and any bids be recognized at their discretion.
PUBLIC VIEWING TIMES: Interested parties may inspect parcel at will. Please do not drive across Property.
BUYERS PREMIUM: 4% Buyers Premium add to the final bid price
NEW DATA: New data, corrections, or changes could be made after the printing of this brochure. Please review Online updates online prior to the start of the auction to inspect and consider any new information and changes.
More detailed information will be available by contacting the Sale Manager, Jeff Bean, at 517-202-9421 / jeff@jeffbean.net or the Auctioneers, Scott Sykora, at 989-386-9694 / sykora@ironmans.net or John McConnell at 989-429-0444 / mconnell48622@gmail.com or at www.sykoraauctions.com.
AGENCY DISCLOSURE: Jeffrey R. Bean, Broker and Scott Sykora Auction Service, Inc., its agents, employees and/or representatives are Exclusive Agents of the Seller.
ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIAL
