Weekly Auctions of Exceptional Items
Navarre, OH, United States
DoneTue, Nov 20, 2007 6:00 PM GMT
LAKE ERIE WATERFRONT W/ BEACH
10,000 SqFt. Luxury Home on 3.2 Acres. Offered Subject to Published Reserve of $1.875 Million. 13703 Lake Rd., Vermilion, OH. 7 Bedroom, 8 Bath. Great Family Compound or Corporate Retreat Property. 6 Car Garages, Heated Marine Garage. Tennis and Basketball Court. Sauna, Steam Room, Lap Pool, Jacuzzi. Originally priced at $4.3 Million.
Auction & Auctioneer Information
Open House Dates: November 10 & 11 Saturday 11am-1pm Sunday 1pm-3pm
Terms & Conditions
The property is offered subject to $1.875 million published reserve. The high bidder is required to immediately tender the required certified check, cash(in house only), or approved personal check in the amount of $55,000.00 to be increased to 7% of total purchase price within 7 days acceptance of contract as initial earnest money made payable to Dutton Auction & Realty Co., as escrow agent, and sign the Purchase Agreement. Closing dates will be stipulated in the individual contract, at which time the purchaser will pay the balance of the purchase price to the seller's escrow agent. Transfer of title will be by General Warranty Deed. Transfer of title shall occur on or before December 21, 2007 and subject to the legal rights of property tenants, or as soon as practicable in the event of delays beyond the control of the parties. Please note this property is not being sold subject to financing. This means that, before you bid at the auction, you should have enough cash reserves to close the purchase, or that your financing should be pre-arranged, or that you should be absolutely sure that you can obtain financing. If you do not have the cash, or if you are not sure you can obtain financing, it is recommended that you do not bid. The auction purchase contract shall provide that the purchaser pays a buyers premium equal to 7%. This amount is added to the high bid amount and inserted in the auction purchase contract as the total purchase price.All buyers must be pre approved 24 hours before the auction starts.
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