Michael Auction & Realty Service LLC

 

Date(s) 6/4/2024 - 6/20/2024

****Auction Date: June 20th, 6:00 PM****

Past Auction
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Bidding Notice:

5% Buyer's Premium on Real Estate

Auction Information
Name LAKE FRONT HOME OR A VACANT LOT - MERCURY LAKE ADDISION MI
Auctioneer
Type Live Webcast Auction
Date(s) 6/4/2024 - 6/20/2024
Auction Date/Time Info
****Auction Date: June 20th, 6:00 PM****
Preview Date/Time ****Open House: June 13th, 5:00 PM - 7:00 PM**** Contact Michael Auction & Realty Service LLC for more information and to register for the auction. 517-398-1855
Checkout Date/Time ****Auction Date: June 20th, 6:00 PM****
Location
Buyer Premium 5% BP
Description
Attention all DIY enthusiasts, investors, and first-time homebuyers! Don't miss this incredible opportunity to own a diamond in the rough on the serene shores of Mercury Lake! Nestled on a prime point location at 23 La Pointe Blvd, Addison, MI 49220, this charming 2-bedroom, 1-bathroom ranch-style home offers endless potential with its solid bones and breathtaking waterfront views. Property Highlights: **Prime Waterfront Location: Situated on a point with expansive water frontage on both Mercury Lake and a channel leading to South Lake. **Solid Structure: This fixer-upper boasts a sturdy foundation and a well-built frame, providing a blank canvas for your renovation dreams. **Endless Possibilities: Transform this quaint home into your dream lakefront retreat or capitalize on its investment potential. **Starter Home or Investment: Perfect for first-time homebuyers seeking a project or savvy investors looking for a lucrative opportunity **.Ample Outdoor Space: Enjoy the spacious backyard with potential for landscaping, gardening, or outdoor entertaining. **Convenient Location: Close proximity to local amenities, shopping, and dining. Additional Features: Two-car detached garage Wood dock with covered deck Fireplace Energy-efficient furnace This is your chance to create the lakefront oasis you've always envisioned! Whether you're looking for a cozy starter home or a smart investment, this property is a rare find with immense potential. Don't wait! ****Open House: June 13th, 5:00 PM - 7:00 PM**** ****Auction Date: June 20th, 6:00 PM**** Contact Michael Auction & Realty Service LLC for more information and to register for the auction. Disclaimer: This property is being sold as-is, with no contingencies for inspections, appraisals, or financing. Buyers are encouraged to conduct their due diligence prior to the auction.
Auction Terms & Conditions ON LINE & LIVE AUCTION. BIDDING WILL BE FOR THE REAL ESTATE LOCATED AT :23 La Pointe Addison Mi 49220 All online bidders need to be approved by auctioneers 24 hours in advanced. THERE IS A 5% BUYERES PREMIUM FOR ONLINE BIDDEERS. SUCCESSFUL BIDDER WILL BE REQUIRED TO ENTER INTO A PURCHASE AGREEMENT AND PAY A $20,000 NON-REFUNDABLE DOWN PAYMENT AND SIGN A PURCHASE AGREEMENT DAY OF AUCTION CLOSING. PLEASE NOTE THAT THIS IS A NON-CONTINGENT AUCTION, NOT SUBJECT TO INSPECTIONS OR FINANCING. ADEQUATE TIME IS PROVIDED PRIOR TO THE AUCTION FOR BUYER(S) TO DO THEIR DUE DILIGENCE. ANY AMENDATORY CLAUSES REFUNDING BUYERS EARNEST MONEY SHALL BE SIGNED AT CLOSING. BALANCE IS DUE WITH CERTIFIED FUNDS ON OR BEFORE END OF BUSINESS JULY 23, 2024. THE PROJECTED DATE OF CLOSING. POSSESSION TO BE THE DATE OF CLOSING. REAL ESTATE TAXES ON 2024 TAX STATEMENT SHALL BE PRORATED TO THE DATE OF CLOSING. SELLER OR SELLERS AGENT RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS, EITHER BEFORE, DURING OR AFTER THE AUCTION CLOSES AND OR WAIVE ANY INFORMALITIES AND OR IRREGULARITIES IN THE SALE PROCESS AND CONTROL ALL RULES AND PROCEDURES OF THE SALE. PROPERTY IS BEING SOLD IN ITS CURRENT "AS IS" CONDITION. ALL INFORMATION IS BEING OBTAINED FROM RELIABLE SOURCES. THE SELLERS, AUCTIONEERS, OR AGENTS DO NOT ACCEPT RESPONSIBILITY FOR INFORMATION PRESENTED AS IT IS THE BUYER'S RESPONSIBILITY TO VERIFY ALL INFORMATION. ANY REMAINING PERSONAL PROPERTY AT CLOSING SHALL BECOME THE BUYERS PROPERTY AND RESPONSIBILITY TO DISPOSE OF, IF BUYERS SO DESIRES. BY PLACING A BID, BIDDER SIGNIFIES THAT THEY HAVE EXAMINED THE PROPERTY TO THEIR SATISFACTION AND AGREE TO THE TERMS AND CONDITIONS. MICHAEL AUCTIONS & REALTY SERVICE LLC REPRESENT THE SELLERS IN THE TRANSACTION. PROPERTY IS BEING SOLD WITH ITS CURRENT AND EXISTING LEGAL DESCRIPTION. NO SURVEY IS PROVIDED BY THE SELLERS
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 70,000.00 1,000.00 USD
70,000.01 - 125,000.00 1,000.00 USD
125,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 5% BP
Payment Terms
We will accept cash/wire transfer
If auto is purchased a scheduled pick up will needed