Location: 5226 Pine Lane Path, Stevensville, MI, 49127

Approximately 9.4 Acre Parcel & Home on Bluff Overlooking Lake Michigan with 200′ of Private Beach

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Description

SOLD

Suggested Opening Bid: $450,000

Buyer’s Premium: 5%

Cooperating Broker’s Commission: 2%

Lot Size: Approx. 9.4 Acres

Home Size: Approx. 5,513 SF

Bedrooms: 5

Bathrooms: 4.1

Fireplaces: 3

Elevator: All 4 Levels

Walkout Lower Level: Partial

Garage: 2 Car; Attached

Zoning: R-1

2015 Taxes: $24,515.00

PIN #: 11-12-0020-0014-01-2

Enjoy spectacular, unobstructed lake views and 200 feet of private beach from this home situated on the bluff overlooking Lake Michigan. The approximately 5,513 sf home will require extensive renovation or teardown. Originally built in 1965, and architecturally redesigned and rebuilt in 1989, it has 5 bedrooms and 4.1 bathrooms. Set on approximately 9.4 acres, it is ideally located in Stevensville, just North of New Buffalo, Michigan.

Great opportunity exists for a developer to construct several more homes on this parcel. The majority of this nearly 10 acre parcel is set back in the woods, along the road by which one approaches the existing home on the bluff. A developer could potentially construct several new homes while maintaining the complete privacy of the existing, lake front home site.

Exterior features of the existing home include brick pillars and iron fence with remote controlled entrance gate; outdoor open grill with two built-in smokers; extensive decking; outdoor spa; underground sprinkler system; yard lighting; exterior stairs on both the north and south sides of the dwelling; camp site; dog run with a concealed doghouse; archery range; outdoor attached storage areas on all four levels of the dwelling; chain link fence; one concrete Z-wall and two embankment plastic terrace sea-walls.

The seller recently spent approximately $300,000 to fortify the bluff which is located in a critical dune area.

Located within a half mile northwest of the Village of Stevensville in a suburban area of Lincoln Township, along the shores of Lake Michigan, and within the Lakeshore public school. Near Interstate-94 (exit #22) within a mile to the east which connects Chicago, Illinois to the west with Detroit, Michigan.

Seller is selling the Property “AS IS”, “WHERE IS”, without any representations or warranties.

**3 STEPS REQUIRED TO REVIEW PROPERTY PACKET DOCUMENTS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON THE DOCUMENT TO VIEW & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT

Review Packet Includes: Engineering report; Contract & Addendum; MDEQ Authorization & Permit; Army Corp. Authorization; Progress Draw Invoices; MDEQ Permit Update

HOW TO SUBMIT YOUR SEALED BID:

Send your sealed bid via email to davem@svn.com and diana.peterson@svn.com along with proof of funds (either a bank statement showing sufficient cash or a pre-approval letter from your lender).

Your sealed bid must contain the following terms:

  1. Amount Offered: $
  2. Total Purchase Price (Amount Offered Plus 5% Buyer Premium = Total Purchase Price): $
  3. Whether Your Offer is Cash (Yes/No):
  4. The Name of the Person(s) or Entity Making the Offer:
  5. The Name of the Broker,  Brokerage Company and Michigan License# of Broker Representing the Buyer (IF ANY):
  6. The Proposed Closing Date (December, 2017 Date is Preferred):
  7. Whether Your Offer Includes Any Contingencies (No Contingencies is Preferred):

For your bid to be considered, you must submit proof of funds along with the sealed bid. Note that proof of funds must be in the same name as the person(s) or entity making the offer.

**Note:  The deed provided at closing on this property will be a special warranty deed. Seller is selling the Property “AS IS”, “WHERE IS”, without any representations or warranties.

Cooperating Broker Licensed in the State of Michigan: Coldwell Banker Anchor Real Estate, License #6505291590; Dana Cox, License #6501307780

To review the documents for this property, please follow these 3 simple steps:

  1. Register on our website or log in with your existing account.
  2. Go to the Documents tab, click a document that you wish to review, and accept the confidentiality agreement terms by entering your password.
  3. You may now download the document.

Agree to this NDA to download:

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Confidentiality Agreement

I/We the Accepting Party/Parties and any related entities, including brokers, (the “Accepting Party”) is/are interested in obtaining information regarding this Property (the “Property”) in order to evaluate the possible acquisition (the “Proposed Transaction”) of the Property. By entering my/our password I/We accept the following terms of this confidentiality agreement:

  1. Confidentiality: Any information with respect to the Property (collectively, the “Evaluation Materials”) provided to Accepting Party by Owner, Owner’s Representative and AW Properties / AuctionWorks any of their respective consultants, agents or employees (collectively, the “Seller Property”) will be used solely for the purpose of evaluating the possible acquisition of the Property by Accepting Party, and will not be used or duplicated for any other purpose. Accepting Party shall keep all Evaluation Materials strictly confidential provided that the foregoing shall not apply (a) to information of a public nature or learned by Purchaser from any source other than Seller, or (b) from and after the Closing Date. From and after the Closing Date Purchaser shall keep all financial information relating to the Tenants confidential. Nothing contained in this Section shall prohibit any party from disclosing information (I) to its lenders, members, partners, shareholders agents or consultants or prospective purchasers of any of the Parcels or any interest therein; provided that as a condition to any disclosure of Tenant’s or Seller’s financial information, Purchaser shall deliver to Seller a confidentiality agreement executed by the party receiving such information, which agreement shall be for the benefit of Seller and shall be at least as comprehensive as this agreement, (ii) as required by any applicable securities requirement, law or court order, or (iii) in any action between any of the following parties: Purchaser, Seller, Seller’s Affiliate, any Agreement, the provisions of this Section shall survive the Closing or any termination of this Agreement.
  2. No Disclosure: Accepting Party shall not (I) disclose the fact that discussions are taking place concerning the possible acquisition of the Property or any of the terms thereof, or (ii) conduct any discussions, negotiations or make any inquiries concerning the possible acquisition of the Property with any other person or entity, except for Owner and AW Properties / AuctionWorks, except as may be expressly permitted elsewhere in the Agreement and, only in strict accordance with the provisions hereof.
  3. No representations by Seller Parties: None of Seller Parties make any representations or warranties as to the accuracy of completeness of the Evaluation Materials or that actual results will conform to any projections contained therein. Owner, Owner’s Representative and AW Properties / AuctionWorks expressly disclaim any and all liability for representations or warranties, express or implied, contained in the Evaluation Materials or in any other written, oral or other communications transmitted or made available to Accepting Party by Seller Parties, including, without limitation, computer disks containing files with financial data or projections.
  4. No Obligation: Owner is under no legal obligation of any kind whatsoever with respect to the Proposed Transaction by virtue of this Agreement, the delivery of any Evaluation Materials, any discussions concerning the Proposed Transactions or otherwise, unless and until a binding written agreement is executed and delivered by all parties thereto.
  5. Accepting party hereby agrees to indemnify and hold harmless each of the Seller Parties against any and all costs, loss, liability or expense, including attorney’s fees and expenses, arising from or in any way connected with any breach of Accepting Party’s obligations under this Agreement.


Total Bids Placed:

Auction has expired

Auction Expired because there were no bids
Auction started August 2, 2018 12:00 am CDT

Auction Information

ONLINE-ONLY AUCTION

Bidding Starts: August 2, 2018 12:00 am CDT

Bidding Ends: August 2, 2018 1:00 pm CDT

Location: 5226 Pine Lane Path, Stevensville, MI, 49127

How to Submit Pre-Auction Bid

Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.

How to Register & Bid Online

Register: If you do not have an account on this website, click the “Sign-Up” button above and complete the brief registration form. We will then send you an email with a verification link that you must click in order to create a new account.

Important: You must be pre-approved to bid online. Follow these instructions to get approved to bid online:

BID APPROVAL PROCESS:

Review all information and due dilligence documents posted on the property listing on our website.

Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.

Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).

Click the “Register to Bid” button.

You will receive an email notifying you that you have been approved to bid on the property.

If you have any questions, contact us. We would be happy to assist you.

For wiring instructions email: info@awproperties.com or call 847-509-2757.

There is a 6% Buyer's Premium in effect for this auction.

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