sykoraauctions.com presents!

Online land auction – Leo J. Prior Trust

76+/- Acres Offered In 3 Mostly Prime/Tillable/Tiled Farmland

Southeastern Bay County being ½ Mile North of Munger, MI.

Online only Auction

Wednesday November 9, 2022. Closing @ 6:30 PM, 

CAN’T MAKE IT SALE DAY? ABSENTEE & LIVE BIDDING FROM THE CONVIENCE OF YOUR HOME OR OFFICE

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Parcel 1:             Location: 1125 S. Finn Road, Munger, MI 48747 1(Approximate)

General Legal Description: COM 866 FT N OF W 1/4 COR OF SEC TH N 223 FT TH E 267 FT TH S 123 FT TH W 26.5 FT TH S 100 FT TH W 240.5 FT TO BEG. SEC.16, T13N-R6E Merritt Township, Bay County, MI.

• Tax Parcel ID No. 090-016-100-020-00
• Frontage S. Finn Road
• 2022 Taxable Value $15,232, Assessed $58,300
• Bay City Public School District
• 69+/- Acres Mostly Tillable & Tiled
• Belleville loamy sand @ 35%+/-
• Selfridge loamy sand 0 to 3 @ 32%+/-
• Corunna-Tappan sandy loams @ 24%+/-
• Pipestone fine sand, loamy substratum 0-3 @ 9%+/-

Parcel 2:             Location: 80 E. Russell Road, Munger, MI 48747 (Approximate)

General Legal Description: COM 700 FT E OF SW COR OF SEC TH N 270 FT AT RT ANGS TH E 200 FT TH S 270 FT TH W 200 FT TO BEG. SEC.9, T13N-R6E Merritt Township, Bay County

• Tax parcel ID No. 090-016-100-050-03
• Frontage on S. Finn and E. Russell Roads
• 2022 Taxable Value $10,076, Assessed $25,500
• Bay City Public School District
• 02+/- Acres Mostly Tillable & Tiled
• Corunna-Tappan sandy loams @ 53%+/-
• Belleville loamy sand @ 46%+/-

       Parcel 3:             Location: 110 E. Russell Road, Munger, MI 48747 (Approximate)

       General Legal Description: NE 1/4 OF NW 1/4. EX W 650 FT THRF. ALSO E 1/2 OF N 1/2 OF S 1/2 OF NW 1/4. SEC.16, T13N-R6E Merritt Township, Bay County, MI.

Part of Tax parcel ID No. 090-016-100-070-00

• Frontage on E. Russell Road
• 2022 Taxable Value $28,944, Assessed $79,700
• Bay City Public School District
• 3+/- Acres Mostly Tillable & Tiled
• Corunna-Tappan sandy loams @ 54%+/-
• Selfridge loamy sand, 0 to 3 @ 10%+/-
• Tappan loam @ 13%+/-

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 sizes and 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. In the event any auction parcel offerings lay adjacent to each other, are under the same tax parcel identification number and sell to the same owner, no further division of land into parcels will occur.  In the event the adjacent auction parcel offerings on the same tax parcel identification number 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 if land divisions are required.  The cost of any survey requirements of the local governmental unit or Title Company shall be paid by Seller.  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 to be presented upon execution of the Purchase Agreement documents.  Check, cashier’s check or wire transfer are accepted for the deposit with the deposit being 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/or 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 at 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 earnest money deposit 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: Perspective Purchasers may inspect property at will taking care to not drive motored vehicles into the fields and to not cause any crop damage.

NEW DATA: New data, corrections, or changes could be made after the printing of this brochure.  Please arrive prior to the start of the auction to inspect and consider any new information and changes.

BIDDERS PACKET: 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

Online land auction – Leo J. Prior Trust

(corner of finn & russell rds.) ½ mi. n. of munger, mi.   48747