Lake Home In Otter Tail Co MN - 0.84 Acres
0.84 Acres / Otter Tail County, MN
- Auction Location:
- 93 Lake Avenue, Ottertail, MN 56571
- Auction Type:
- Absolute
- Auction starts in:
- 01 months, 10 days 21 hours 56 minutes
- Auction Date:
Live and Online at Ranchandfarmauctions.com
Auction Date: September 24, 2024 Auction Time: 12:00 Noon CT
Auction Venue Location: Ottertail Community Center, 93 Lake Ave, Ottertail, MN 56571
Open House Dates and Times: 09/08/2024 from 12 Noon - 3:00 PM at 34989 State Highway 78, Ottertail, MN
Entire Property Description:
Selling ABSOLUTE: We welcome you to bid your price on this Absolute Auction coming to you September 24th. Affordable lake living is extremely hard to find in this market, especially in an area that has so much to offer. I'd like to welcome you to take a look at this charming 4 bed, 2 bath home conveniently located on Hwy 78 between Perham & Ottertail on McGowan Lake. McGowan Lake is part of the Otter Tail River system providing you with many options; boating, fishing, waterfowl hunting, & recreation while also providing a gateway to Otter Tail Lake. Yes, that is right, a short 15-min or so boat ride and you will be on the famous Otter Tail Lake. It is also a short 1/2 mile from the public access on Rush Lake. Whether you are a fisherman or want to recreate on well-known lakes, this spot is ideal! This spot also has some very good hunting not only right across the road but also a mile down the road where the current owner has enjoyed some excellent success. If you want charming lake life, a big backyard, & the ability to catch fish off the dock, book a showing today!
Details:
Taxes: $1590
Possession: Immediate possession
Survey needed?: No survey needed
Brief Legal: 34989 State Highway 78, Ottertail, MN, 56571
PIDs: 53000340264001, 53000270223000
Lat/Lon: 46.47027, -95.57364
Zip Code: 56571
Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
Onsite bidders should bring a government-issued ID
10% down payment immediately after auction - cash, personal, or business checks accepted
If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
High bidder has 30 days to close unless otherwise noted
Announcements on auction day will take precedence over any prior announcements
This is a no contingency sale and is not subject to financing or additional inspections
Possession at closing, subject to tenant’s rights, if any
If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
4 bed/2 bath home
Located on McGowan Lake between Perham & Ottertail
15-minute boat ride to Otter Tail Lake
Walking distance to Rush Lake
Level lakeshore lot
Excellent area for fishing, boating, waterfowl hunting, & recreation
Public hunting directly across the road
Cozy and secluded backyard with firepit
Selling Absolute
2% Buyers Premium
Auction Documents
Real Estate Auction Terms and Conditions
- Terms Of Sale
Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!
Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read and agree to the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.
All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The Broker and Auction Company represent the seller only and do not inspect properties on the bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(ies). By bidding you agree to all disclosures.
Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). The current year's taxes are prorated through the day of closing as is customary unless otherwise noted or announced on sale day.
Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.
The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.
Tracts sold by the acre - The contract will indicate the current acreage, bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that would result in a change to acreage, the contract will be adjusted to that acreage prior to closing and the purchase price will reflect that change in acreage.
If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.
Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following the auction to the designated Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent from the escrow agent or title company at the conclusion of the auction or the next day. The balance of the purchase price and all closing costs are due within 30 days unless otherwise noted or announced.
Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.
For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217) 922-0811 to reach customer service to register and bid by phone.
Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.
All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.
If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are outbid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.
Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.
The information contained within is believed to be accurate, but Seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All stated measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more/less and obtained from sources to be considered reliable such as: government tax records, mapping software, assessor’s office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to the exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.
All sale day announcements will take precedence over any and all prior advertising or announcements.
- Broker Participation
Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.
- Disclaimer:Online Bidding
Disclaimer: Online Bidding
Please review the following disclaimer regarding online bidding for our auctions:
Internet Service: Bidder acknowledges that Auction Company, auctioneer, broker, or any other party
involved cannot be held responsible for any issues related to internet service before or during the auction.
Auction Company, auctioneer, and broker do not guarantee the seamless transmission or receipt of bids
placed online in a timely fashion.
Delays and Failures: Bidders should be aware that internet bidding is prone to delays and potential
failures that are beyond the control of the auction company. Bidder acknowledges and agrees that
Auction Company, auctioneer, and broker cannot be held liable for any interruptions or disruptions during
the online bidding process.
Auction Suspension or Cancellation: The Company reserves the sole discretion to suspend, postpone, or
cancel the auction if the internet service is unstable or disrupts the online portion of the event. Such
decisions will be made in the best interest of all participants.
Auctioneer's Discretion: The auctioneer has the sole discretion to accept or refuse any bid. The Auction
Company, auctioneer, and broker may also change the sale order, regroup items, or modify the auction as
needed, without prior notice.
Timely Bidding: Online bidders are encouraged to use the max bid feature and place their bids in a timely
fashion. Waiting until the last minute to place a bid may result in the auctioneer recognizing another high
bidder because your bid may not instantaneously show up.
By participating in the online bidding process, you agree to the terms outlined in this disclaimer. You
release Auction Company, auctioneer, broker, and their employees from any claims, losses, or damages
resulting from interruptions, disruptions, or failures related to online bidding.
Please carefully review and understand the terms and conditions provided by the auction company before
participating in the online bidding process.
- Auction Type
Live & Online
Sells Absolute
- Licensing
IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (40316821)
Jeff Evans, Minnesota Broker, License # 40316820
Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332
Jason Ziegler, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 701.367.2376
Sara Bergstrom, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 218.341.8853