Description |
Real Estate Auction
Saturday March 23, 2019 11:00am CDT
Located at 125 Upland Rd Michigan City, IN. From W Michigan Blvd turn north on E 2nd St and follow to Center St. Continue for .4 miles to Lake Shore Dr. Turn east and go .5 miles to Upland Dr and turn south. Home is at the end of street. "Watch for Kraft Auction Signs!"
A once in a lifetime opportunity to buy a lake view home in Beachwalk at auction! This custom built home being sold by the original owner features 4 bedrooms, 3.5 baths, and over 3,600 square feet of space. The kitchen features beautiful kitchen cabinets, built in refrigerator, and granite countertops. The great room features vaulted ceilings with wall to wall windows to be able to take in the beautiful views the home has to offer. Home also has 4 fireplaces! And the best part of the whole home, is the large wrap around deck perfect for entertaining and taking in the magnificent views this home has to offer. From the deck you will be able to entertain a number of guest at the custom bar included with the home, plus on 4th of July you will be able to watch fireworks from six local fireworks shows. And did I mention, the home will come fully furnished? The sellers are going to be leaving all their furnishings for the next owner to be able to move right in and enjoy this home!
This home is only a short walking distance down the dedicated stairway. If walking isn't your thing, then bring your golf cart as this is a golf cart friendly community. The Beachwalk homeowner's association is in strong financial health and has done numerous capital improvements in the community for residence to enjoy.
The current owner had once used this as their primary residence, and in the past few years have used it as an income property as a vacation rental home in 2016. In the first year of rental the home grossed $36,600 in rental income! This past year the home generated $27,400 in gross rental income. With the seller keeping all furnishing with the home, this property can be a turn key rental property for the new owner. Also the home can be perfect for the owner who wants to take advantage of the home for themselves, and gain that rental revenue when they are not using this gorgeous home.
Taxes 2018 Pay 2019: $9,296.00 (no exemptions taxed at 2% rate)
Previously Listed for $779,000
Minimum Opening Bidd $199,900!
Open House: March 16th 11am-1pm. Can't make it? Call for a private showing!
Owner:Totten Trust
Terms: $25,000 non-refundable down payment immediately after auction (must present check prior to registering to bid), closing in 30 days, sold as-is, possession at closing, trustee deed, taxes pro-rated and final to day of closing, minimum opening bid of $199,900, and subject to a 10% buyer's premium.
Kraft Auction Service LLC
Col. Conrad Kraft- AU01032667
Jonathan Kraft – AU10500173
219-973-9240 ~ Info@KraftAuctions.com
KraftAuctions.com
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