Lot # : 2 - 5.16 Ac Stephens, OFF GRID Property, Id Springs-CO

Online Only Auction
5.16 Ac Stephens, OFF GRID Property, Id Springs-CO
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Time Remaining: Bidding opens in 20d 3h 41m
Soft Close
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Idaho Springs, CO 80452
Date(s)
8/19/2024 - 10/19/2024
AUCTIONEER INFORMATION
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Bidding Notice:

Properties are sold as is, where is. Payment in full is required within 5 business days of auction end without exception. Invoices must be paid by guaranteed funds (Wire Transfer, Cashiers Check, Cash). Buyer to verify all information. Perspective buyers should conduct their due diligence prior to any bids, including in person visit to the properties. This is fee simple, absolute transfer. ... Show More

Auction Notice:

NO RESERVE AUCTION. Seller has authorized Terra Firma Auction Services to auction properties listed at NO RESERVE. Previous permitting, assays and all other data is provided in links in the auction. If you are unfamiliar with Mining Properties, MRO, SRO and other elements of property purchase, Consult an attorney prior to making any bids or commitments.

Information
Lot # 2
Group - Category Real Estate - Residential
Lead 5.16 Ac Stephens, OFF GRID Property, Id Springs-CO
Description
Terra Firma Auction Services is a third party auction service acting as a foreclosure agent for the seller. The seller has agreed to offer the following foreclosure at NO RESERVE. Legal Description: Stephens Lode- SRO Parcel 183532100609 5.16 Acres State Tax valuation $63,210.00, Appraisal Value $120,000 in 2023 It is recommended that perspective buyers conduct their due diligence, including in person visit to the properties. If you are unclear on any aspects of ownership of real property, MRO, SRO or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations. Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. 10% Buyers Premium $695 Documentation/Closing fee. Warranty Deed Available for $1295 Property was professionally surveyed in 2021. Full Off grid site. Can be permitted for wells, septic and power sources. The Stephens patent is a 5.16 Acre chunk of property on the edge of an expanding development. The property has a gentle slope up running eastward. The Property runs up and over the ridgeline and allows clear views over Idaho Springs, Colorado. The lot is fully developable for residential or recreational use. It is at the eastern, and most desirable edge of a small community of homes built on 5-20 acres lots. The property is covered with pines and low grasses. Elevation is 9,000ft. There are several small mining prospects on the property. There is also an adit on the property. This adit is roughly 91 ft in length and does expose several quartz veins. This adit is in stable, competent rock and is fully usable. This area and district was worked for native gold in quartz from 1860 until 1940 when the War Act made gold mining illegal. The property has not been worked in any capacity since this time. This property directly borders and abuts the Chance Property. Direct access to the property is via public roads with no impediments. To be sold with NO RESERVE on OCTOBER 19th, 2024 at 12:00PM MST. Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide.
Name Fall Colorado Real Estate Property/Land Foreclosure Auction
Auctioneer
Terra Firma Auction Services
Type Online-Only Auction
Date(s) 8/19/2024 - 10/19/2024
Auction Date/Time Info
Auction will Start Monday, August 18th, 8:00am (MST). Auction will end on Saturday, October 19th, 2024 starting at 12:00 PM MST. Lot will soft close.
Preview Date/Time Perspective Bidders/Buyers may visit property without prior permission from 08/19/2024 until 10/18/2024. By visiting the property, clients consent to being recorded on video and possible license plate capture. Recordings will be used for security purposes only. Seller is not responsible for access, weather or other impediments.
Checkout Date/Time Earnest Money deposit of $5000 per lot is due within 24 hours of auction close. Terra Firma will contact bidder at the close of the auction to collect earnest money deposit. Please be available to make this deposit at the auction end. Full payment due within 5 business days from the end of the auction. By Friday, October 25th, 2024 at 4:00PM MST.
Location
3000 Colorado Boulevard
Idaho Springs, CO 80452
Buyer Premium 10% BUYERS PREMIUM
Description
TERRA FIRMA AUCTIONS has been contracted to liquidate foreclosed assets for its clients. We strive to provide all relevant information and details about these foreclosed properties. We cannot provide legal or planning advice. Feel free to contact us via phone or email. Multiple Properties across Colorado to be auctioned and sold with NO RESERVE. Auction begins on August 19th, 2024 at 8:00am and lots will begin soft closing at 12:00 PM MST on October 19th, 2024. All Property has been professionally surveyed and will be sold with clear title. No back-taxes, liens or other encumbrances. Property is sold fee simple absolute. Properties are MRO, SRO and a combination of SRO/MRO. Real Property. Completed Sale will transfer 100% ownership and interest in the Property to the winning bidder. PLEASE DO NOT BID If you are unclear on any aspects of OWNERSHIP or PURCHASE of REAL PROPERTY, SRO, MRO or otherwise, we highly recommended that you SEEK LEGAL ADVICE PRIOR to registering or bidding. Terra Firma Auction Services CANNOT and WILL NOT provide legal advice in any capacity. 10% Buyer's Premium on final hammer price. $649 Closing/Documentation fee for transfer and recordings with State and County via Quit Claim Deed. Warranty deed available for additional $1295.00. Buyers are responsible to execute due diligence prior to bidding. Recommendation of "in person" visit to the properties. Map links to property is included in auction links for each property. Properties are sold as is, where is. No other warranties or representations.
Bidder agrees to comply with these Terms & Conditions defined below as a prerequisite for Terra Firma's acceptance of the Bidder's Registration and Bid Card ID. Bidders with NEGATIVE scores and UNPAID auctions will be removed. The total amount due will be the final 'hammer' price plus the buyer premium (10%) and a $649 documentation/closing fee per auction lot. Bidders are encouraged to conduct due diligence on all purchases and to seek legal advice regarding the purchase of these and any properties. High bidder will receive the deed(s) to the property upon full payment of auction, subject to clearing of funds. Clear and unencumbered title of ownership will be transferred by Quit Claim Deed. Warranty Deed is available for an additional $1295.00. PAYMENT: CASH SALE - All payments in GUARANTEED funds only. This is a Real Property transfer, NO Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. PAYMENT IN FULL is required within FIVE (5) BUSINESS DAYS of auction end without exception. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. An Earnest money deposit in the amount of $5000 is required at lot closing. Request for payment will be sent to winning bidder for the earnest money deposit and must be paid within 24 hours of auction close. FAILURE to make required DEPOSIT will result in FORFEITURE of interest in property. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. BY REGISTERING FOR THIS AUCTION, BIDDER AGREES TO RECEIVE TEXT AND EMAIL CORRESPONDENCE ONLY AS RELATED TO THE SALE OF THE PROPERTY. CONDITIONS OF SALE: All properties are sold in "AS-IS" condition with all faults and defects and without warranty or guarantee of any sort. Prior to bidding, each bidder is advised and responsible to conduct an independent due diligence to ascertain characteristics, attributes and condition of the property. Failure to conduct diligence activities shall not constitute a waiver of any sort. TRANSFER OF OWNERSHIP. Conveyance of properties is completed by Terra Firma. Transfer via registered and recorded Quit Claim Deed. Bidder authorizes Terra Firma to act as Bidder’s agent to complete any closing documents, or any corrective documents thereafter. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Terra Firma to convey each Lot using the Bidder’s name and address as registered in the auction. ALL SALES ARE SUBJECT TO FINAL SELLER APPROVAL.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 50,000.00 100.00 USD
50,000.01 - 100,000.00 500.00 USD
100,000.01 - 999,999.00 1,000.00 USD
Currency USD
Buyer Premium 10% BUYERS PREMIUM
Payment Terms
CASH SALE - All payments in GUARANTEED funds only. Being a Real Property transfer, we cannot accept Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. Earnest money deposit is required at closing. This earnest deposit is $5000. Terra Firma will contact you BY PHONE upon close of auction. Full Payment is due within 5 days of Auction Closing. Earnest money deposit is NOT refundable. If buyer fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits given. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement.
Terra Firma Auction Services will process all closings and deed preparation. In most cases deeds can be processed in less than 30 days. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction. Deed will be executed same business day that full payment is received. It is the bidders responsibility to verify that all information is validated. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any back taxes, encumbrances or liens. Warranty deed is available for $1295.00. Warranty Deed is not required and option is only provided as a courtesy to buyers.
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