Thousand Islands Auction

Clayton, New York
THOUSAND ISLANDS AUCTION
6 Valuable Properties Offered at Auction at the Clayton Opera House
Sold

Sale 1 – Tracts 1, 2, 4, 5, 6, 7

Fox Run – On the magnificent Palisades along the St. Lawrence

Fox Run37247 NY State Route 12E , Clayton, NY, 13624, Jefferson County. This incredible villa with its Italian influence will be offered with 27± beautiful acres. It includes the nationally recognized gardens and grounds accredited and included in the Archives of American Gardens at the Smithsonian Institute. Having been the focus of many magazine articles and stories, this home offers unmatched surroundings and is one of the most spectacular waterfront properties in the 1000 islands region. Waterfalls along a small stream, flowing fountains, stone sculptures, pebbled walking trails, quiet sitting areas all embrace the privacy of this exclusive estate. There is a wonderful secluded garden house that looks like a fairy tale palace offering a peaceful retreat within the grounds. The crystal clear water of the St. Lawrence River splashes on the shoreline for almost 765 feet helping secure its uniqueness. A 50’ boat dock offers easy docking and access to enjoy this one of a kind water wonderland. The home encompasses approximately 6,000 square feet of incredible space having a magnificent 945 sq. ft. entertaining room with 10 foot ceilings and floor to ceiling windows. From the home’s perch on the rock bluff, one is introduced to some of the most exciting views of the St. Lawrence River and the spectacular sunsets over Lake Ontario. The property will be offered in two tracts, one with the manor home and 22 acres, the other with 5.8 acres and the garden house. Both will have river frontage. Suggested opening bid $1,500,000 for Tract 1. Shown on Inspection Dates or by appointment.

Directions: From Clayton – West on Rt. 12E towards Cape Vincent 4.6 miles. Tracts 1 and 2 are on the right; Tracts 4 and 5 on the left; Tract 6 and 7 front on Pelo Rd. From Cape Vincent – 12E towards Clayton, go 10.3 miles.

Sales 1 and 2 – Tracts 1 thru 9

Fox Run Aerial Lion’s Head Aerial

Tract 1 – Fox Run – 22± acres
6000± sq foot Italian villa with 515± feet of frontage on the St. Lawrence River, nationally renowned gardens and incredible grounds, 50’ boat dock, big views of the river.

Tract 2 – Fox Run – 5.8± acres
240± feet of river frontage, a quaint garden house with beautiful arched windows overlooking the gardens and fountains which have been the centerpiece of many articles by national garden magazines.

Tract 3 – Lion’s Head 15.6± acres
5600± sq ft of beautifully finished space, 5 bedrooms, 4.5 baths, 5 fireplaces, huge outdoor stone patio, a swim
platform on the river, large garage and a detached timber frame barn/workshop with an upstairs loft area and 470± feet of river frontage perfectly blended with the existing conservation easement.

Tract 4 – 23.15± acres
Frontage on Route 12E. It is open, level hay/pasture land that would make a great recreational property or farming tract. The existing conservation easement allows for horse/cattle barns, farm buildings and related structures in addition to a residence of your size and design. Sold without Reserve.

Tract 5 – 97.95± acres
Long frontage on 12E just across from tracts 1-3. This is a great agricultural and recreational tract which has the same opportunities as tract 4 with the addition of owning 1/2 of a large duck pond which was installed with the help of Ducks Unlimited and the Corps of Engineers. Sold without Reserve.

Tract 6 – 29.2± acres
Frontage on Pelo Rd. This open, rolling tract has unlimited potential as a development tract, agricultural/ farming or recreational property. It is enhanced by having the property on two sides in a conservation easement. There are great tax benefits, both Federal and State, by placing this in a conservation easement. Please see the link to
the Thousand Islands Land Trust site for additional information. Sold without Reserve.

Tract 7 – 91.9± acres
Long frontage on Pelo Rd. A duck hunters paradise. This tract would be a wonderful recreational boundary which has the other half of the large duck pond mentioned in tract 5. This property is currently under a 30 year easement with the Natural Resource Conservation Service that has 28 years remaining at which time it becomes an unrestricted tract. Sold without Reserve.

Tract 8 – 33.8± acres
Frontage on Pelo Rd. This track has a beautiful 3 acre building envelope with the balance of the land being left in its natural state which is in a conservation easement. This property joins the NRCS easement with the duck pond/habitat. Sold without Reserve.

Tract 9 – 16.72± acres
Excellent home site. This remarkable waterfront parcel offers majestic views of the St. Lawrence River and Canada. Lovely meadow and cedar and hemlock woods. 507 feet of waterfront. Good frontage on public road but no driveway yet established. Protected by conservation easement.

Terms & Conditions (Sales 1- 6):

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 10:00 AM. Please bring a driver’s license for identification.
AUCTION SALE: Sale 1 – Tracts 4 thru 7; Sale 2 – Tract 8; and Sale 4 – Tracts 1 and 2 will be sold absolute to the high bidder. Sale 1 – Tracts 1 and 2; Sale 2 – Tract 3; Sale 3; Sale 5 – Tracts 1 thru 6; and Sale 6 will be sold subject to Seller confirmation of the high bid.
ALL SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its
condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
BIDDING: Qualified bidders may bid on individual tracts, any grouping of tracts or on the whole property as offered at the auction. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
AGENCY: Schrader Real Estate & Auction Company, Inc., (Rex D. Schrader, Broker NY#32SC1115028), Woltz & Associates, Inc. (Auctioneers) and their representatives REPRESENT THE SELLERS.
LEAD PAINT: Some of the residential property in this auction was built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. For property built prior to 1978, bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to: Menter, Rudin & Trivelpiece, P.C., Counselors at Law for Sale 2. For all other properties, checks should be made payable to: Schwerzmann & Wise, P.C. Personal checks will be approved subject to collection if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
REAL ESTATE DEED: The real estate will be conveyed by warranty deed or fiduciary deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before September 29, 2008 for Sale 3. Settlement is due on or before October 29, 2008 for Sales 1, 2, 4, 5 and 6. Property will be deeded to the registered bidder in the manner purchased at the auction.
BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to the survey for exact boundary locations of each property.
BROKER PARTICIPATION: A 2% Buyer Referral Fee will be paid to the appropriately licensed real estate broker whose prospect successfully closes on the property sold in this auction. The referral fee is based upon the actual purchase price and will be paid at closing from the proceeds of the sale. Brokers must strictly follow all guidelines set by Schrader Real Estate & Auction Co., Inc. and must be registered by 5:00 PM (EDT) Wednesday, August 27, 2008. Call Auction Company for details and Broker Registration Forms or download the guidelines and form (PDF format) .
GENERAL: The information contained in this brochure is subject to verification by all parties
relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

Sale is being held in conjunction with Exit More Real Estate.