Ohio Foreclosures > Auctions > 245 Acres – Peebles, OH – Tract 2 of Multi-Tract Sale

245 Acres – Peebles, OH – Tract 2 of Multi-Tract Sale

Auction ID :
#9877
Reserve :
Reserve price not met.
Location :
Posted On :
22nd of October 2019 at 1:26 PM
Ending On :
12th of November 2019 at 11:03 AM
Watch List :
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Property Specifications
Year Built 1973
Annual Taxes New parcel / Unknown
Lot Size 245.70 acres
Parcel ID New parcel / Unknown
Defendant Not a Foreclosure
File No. N/A
Case No. N/A
Appraisal Amount N/A
City Peebles
Square Feet (per auditor)
Showings & Availability Yes
Description

*** THIS IS NOT A FORECLOSURE SALE ***

This sale includes a total of 245.70 acres (“Tract 2”).  Tract 2 encompasses the 104-acre mineral spring fed lake, the campground business and all sites, a single-family home, dam access, and all outbuildings and improvements.

Tract 2 will own the ENTIRE lake, control ALL lake access, and includes ALL lake amenities.

Tract 2 is being offered subject to seller confirmation.  This means the highest bid placed will be presented to the seller for consideration.  The seller reserves the right to accept or reject the highest bid.  The bidding for this sale concludes on November 12, 2019 at 11:00 AM EST.  The seller will decide to accept or reject the high bid no later than November 19, 2019.

 

The property offered in this sale is known as Tract 2 of a multi-tract sale of Mineral Springs Lake Resort & Campground.

Tract 1: includes 246.79 acres total, which plays host to an estimated 70 tillable acres, approximately 7 miles of riding trails throughout 200 acres of woods, slate flats, and lake frontage with lake views, but NO LAKE ACCESS. – Opening Bid: $500,000.

Tract 2: (this sale) includes 245.7 acres total, which encompasses the 104-acre Mineral Spring Lake, includes ENTIRE LAKE ACCESS AND ALL LAKE AMENITIES, the campground business and all sites, a single-family home, dam access, and all outbuildings and improvements. – Opening Bid: $1,000,000.

Tract 3: includes 84.08 acres total, which consists of approximately 30 tillable acres, a single-family home, and lake frontage with lake views, but NO LAKE ACCESS. – Opening Bid: $350,000.

Tract 4: includes everything listed for Tract 1, Tract 2, and Tract 3 put together as one.  These 3 tracts combined, creating Tract 4, are comprised of 573.7 acres total, embodying approximately 100 tillable acres, an estimated 7 miles of riding trails throughout 200 wooded acres, the 104-acre lake with 5.5 miles of immaculate shoreline, all lake amenities and lake access, the campground business and all sites, two single-family homes, and all outbuildings and improvements.  Unlike the sales on Tract 1, Tract 2, and Tract 3, which are subject to seller confirmation, the sale of Tract 4 is being sold with an unpublished reserve price.  If the reserve price is met, or exceeded, Tract 4 will be sold to the high bidder. – Opening Bid: $1,800,000.

 

Sale Requirements:

To tour Tract 2 and receive confidential property condition and financial reports available within the virtual data room (VDR), prospective bidders must submit:

  1. Completed bidder registration form
  2. Executed confidentiality agreement
  3. Proof of $1,000,000 in immediately available funds

To be granted bidding privileges prospective bidders must submit:

  1. Executed purchase agreement (available in the VDR)
  2. $25,000.00 participation deposit to the title company

 

*Buyer Premium equal to 10% of the high bid, paid by the buyer, and added to the high bid to determine the final sale price in effect*

 

CLICK HERE FOR: OFFERING MEMORANDUM

CLICK HERE FOR: CONFIDENTIALITY AGREEMENT

 

*** Documents may be submitted to [email protected] ***

Posted Bids
BidderBid AmountDate MadeWinner
te*******p$1,000,400.0012-Nov-2019 10:57:03 
Ba*************t$1,000,300.0012-Nov-2019 10:57:02 
te*******p$1,000,100.0012-Nov-2019 10:53:17 
Ba*************t$1,000,000.0012-Nov-2019 08:55:00 
Map Location

In order to bid on this property you must pre-authorize a deposit of $ on your credit card. NO hold will be placed on your credit card and your credit card will NOT be charged, UNLESS you are the high bidder and do not pay the required deposit within 24 hours of the advertised auction end. A $200 administrative fee will be added to any deposit that is charged to a credit card.