SOLD – Absolute Auction: 5,340 Acres offered in 23 Tracts

SOLD – Real Estate Land Auction: 2500± Acres, Agricultural and Timberland along the Ohio River

Maysville, Kentucky
Real Estate Auction
2500± Acres, Agricultural and Timberland along the Ohio River
Sold

PROPERTY LOCATION:
Directions: From Maysville Kentucky go east on AA Highway (Hwy. 9) approximately 11 miles to State Road 57, turn north (left) on State Road 57 go 8.2 miles to tract #1. Tract #2 also located on State Road 57.
Tracts 3, 4, 9-14, 17, 19, 35 & 36: From tract #1 continue north on State Road 57 for an additional .9-mile to Crooked Creek Road. Turn left on Crook Creek Road and watch for various tracts with frontage on Crooked Creek Road.

Tracts 5-9: Go .4 mile from intersection of State Road 57 and Crooked Creek Road to Highfield Road. Turn left on Highfield Road and watch for signs.

Tracts 15-18, 20-28, & 33-34: Go .9 mile from intersection of State Road 57 and Crooked Creek Road on Crooked Creek Road to Y in road. Veer to right on Engle Road (gravel road) and watch for tract signs.

TRACT 29-32, 37 & 38: Go 2.6 miles from intersection of State Road 57 and Crooked Creek Road on State Road 57 to State Road 8 in Concord Kentucky. Turn left on State Road 8, go 2.3 miles to tract #30.

AUCTION LOCATION:
608 Bernard Coughlin Ave. Maysville, KY.
Directions: From AA Highway (Hwy. 9) and State Road 68 go north on State Road 68 approximately 3 miles (State Road 68 turns into Bernard Coughlin Ave.

PROPERTY DESCRIPTION:

Tract #1: 91 acres with frontage on State Route 57. This tract features 24 acres of white pine trees, 10 acres of tillable land, 9 acres of open land and 48 acres of mixed hardwood trees. This tract offers a wide variety of opportunities including potential building sites plus hunting and recreational benefits.

Tract #2: 59 acres with 14 acres of open land balance in mixed hardwood trees. This tract includes a scenic ravine plus large amount of road frontage of State Route 57. Excellent potential building site and hunting/recreational potential.
Tracts # 1 and #2 have rural water available.

Tract #3: 6 acres with frontage on Crooked Creek Road, of which about half is open land, balance in mixed hardwood trees. Great potential home site.

Tract #4: 44 acres with approximately 5 acres of white pine trees balance in mixed hardwood trees with road frontage on two roads. Investigate the potential of this tract. Scenic ravine, prime potential building sites and excellent hunting. Frontage on Crooked Creek and Highfield Road.

Tract #5: 75 acres with approximately 70 acres of productive tillable farmland. Easy access from Highfield Road.

Tract #6: 52 acres featuring 14 acres of white pine, 14 acres of tillable land (hay field), with the balance in mixed hardwood trees. The varied features of this tract create a wide array of opportunity for the buyer. Located on Highfield Road.

Tract #7: 163 acres with 41 acres of white pine trees with scenic rolling terrain plus open meadow areas scattered randomly throughout the property. Prime hunting/recreational tract. Privately located at the end of Highfield Road.

Tract #8: 69 acres mostly mixed hardwood trees plus 6 acres of hay land.

Tract #9: 75 acres with approximately 25 acres of white pine trees balance in mixed hardwood trees. Excellent hunting/recreational tract.

Tract #10: 17 acres with 15 acres of white pine trees plus small pond. Prime potential building site with easy access from Crooked Creek Road. Enjoy the natural beauty of this tract.

Tract #11: 26 acres with approximately 20 acres of white pine trees with road frontage on two roads. Excellent investment property, easily subdivided into smaller tracts.

Tract #12: 57 acres featuring 45 acres of mixed hardwood trees and 12 acres of white pine trees.

Tract #13: 39 acres with approximately 10 acres of white pine trees, balance in mixed hardwood trees. Combine tracts #12 & #13 for 96 acres of prime hunting/recreational property.

Tract #14: 84 acres with 50 acres tillable productive farmland balance in mixed hardwood trees plus a small pond. This is a rare opportunity to purchase excellent hunting tract with good income potential. The small pond plus wooded borders around tillable land provide excellent wild life habitat.

Tract #15: 431 acres of mixed hardwood trees. Excellent Wildlife Habitat, prime hunting area. Abundant Deer and Turkey population. Timber appraisal for Tract 15 (PDF format).

Tract #16: 40 acres featuring 32 acres of mixed hardwood forest and 8 acres of white pine trees. Own your private hunting/recreational land.

Tract #17: 26 acres with 50% tillable and 50% mixed hardwood trees. Enjoy the natural beauty of this tract. Long road frontage on two separate roads gives this tract excellent subdivision potential.

Tract #18: 71 acres featuring a combination of productive tillable land and hardwood woodlands. Small Pond. Perfect tract for a small farm.

Tract #19: 43 acres with easy access from Crooked Creek Road. This tract is predominately mixed hardwood trees plus 3 acres of white pine trees.

Tract #20: 72 acres with 23 acres of white pine trees and the balance of 49 acres in mixed hardwood stand.

Tract #21: 47 acres – This tract features approximately 11 acres of white pine trees, 10 acres of tillable land with balance in mixed hardwood trees. The diversity of this tract offers a wide range of opportunities.

Tract #22: 38 acres with 11 acres of white pine trees balance in mixed hardwood trees.

Tract #23: 46 acres with 11 acres of white pine trees, 12 acres open and 23 acres of mixed hardwood trees. Excellent hunting and recreational tract.

Tract #24: 67 acres with 18 acres of white pine trees balance in mixed hardwood trees.

Tract #25: 65 acres featuring 8 acres of white pine trees with balance of acreage in mixed hardwood trees.

Tract #26: 25 acres featuring 10 acres of white pine trees with balance of acreage in mixed hardwood trees.

Tract #27: 46 acres of mixed hardwood trees featuring picturesque panoramic views of Ohio River and surrounding area.

Tract #28: 25 acres of mixed hardwood trees featuring excellent views of the Ohio River. The scenic views from this tract offer opportunity for secluded picturesque panoramic views.

Tract #29: 36 acres with remodeled country home located on 36 acres of pastureland. This home features 2 bedrooms, 2 bathrooms (1 bath includes spa tub), dining room, living room, kitchen, utility room, all carpeted except kitchen plus central air and heat. The roof on the room is approximately 4 years old. This is a very comfortable cozy home that offers peaceful country living.

Tract #30: 43 acres of pasture land plus country home with 4 bedrooms, kitchen, living room and bathroom. This home is heated with a wood stove and water source is from a cistern.

Tract #31: 14 acres with several out buildings including 70×150 barn, 28 x77 open front equipment shed plus two other wood frame buildings. Combine tracts #29 and #31 for 50 acres with potential for small livestock operation.

Tract #32: 91 acres of prime productive farm land. This tract includes some of the most productive soils in Lewis County plus features a Railroad and River frontage on the Ohio River.

Tract #33: 77 acres with 17 acres of tillable land balance of acreage in mixed hardwood trees. Investigate the recreational and hunting opportunities this tract offers.

Tract #34: 143 acres featuring approximately 20% of acreage in open spaces with balance in mixed hardwood trees.

Tract #35: 163 acres of mixed hardwood trees. Access from two roads along the north and south borders.

Tract #36: 81 acres with several small groves of hardwood trees balance of acreage in open land with scattered cedar and hardwood trees.

Tract #37: 39 acres featuring 10 acres of open land with balance in mixed hardwood trees.

Tract #38: 43 acres featuring frontage on the Ohio River. This tract also has a small pond, wooded ravines plus open meadow area. This is truly a unique tract of land.

Basic Terms & Conditions:
PROCEDURE: Tracts 1-38 will be offered in individual tracts, in any combination of these tracts, and in its entirety. Any qualified registered bidder may bid on tracts, tract combinations, and the total property.
DOWN PAYMENT: Successful bidders shall deliver on day of sale to Schrader Real Estate & Auction Co., Inc. 10% of the final contract sales price as an escrow deposit via cash, cashier’s check, or pre-approved personal check. Personal checks should be accompanied by a bank letter stating “___________ is a customer of this bank and we guarantee payment of checks written on account number __________ up to (specify amount) dollars for purchase at the auction being conducted by Schrader/Woltz on May 19, 2005”. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. If a successful bidder fails to close within the time specified, Seller shall have the right to terminate the Purchase Agreement and retain the down payment as liquidated damages in addition to other legal remedies or at Seller’s option, extend the closing past the designated closing date. However, a charge of 1% of the total contract price will be charged to the Buyer per month until closing.
ACCEPTANCE: Seller reserves the right to accept or reject bids..
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final bid price and included in the total purchase contract price.
DEED: Seller will provide Special Warranty Deeds conveying the property to successful bidders subject to matters of record, general condition of title, and similar or related matters. As necessary or appropriate, deeds will reserve easements over parcels sold and will impose maintenance obligations on roads.
EVIDENCE OF TITLE: The Seller agrees to furnish bidders a preliminary Owner’s title insurance commitment to review prior to Auction. The cost of the insurance, if Purchaser elects to have the title commitment executed, will be the responsibility of the Purchaser. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold “AS IS”.
REAL ESTATE TAXES: At closing, all real estate taxes shall be prorated.
CLOSING: Closing shall take place within 30 days after the auction day, or as soon thereafter as Seller’s applicable closing documents are completed. Announcements on the day of the auction will state the projected closing date for each property.
POSSESSION: Possession of the property shall be given at closing.
SURVEY: Seller to furnish a new survey for any division of parent tract into smaller tracts. When individual, contiguous tracts are combined, seller to furnish a perimeter survey of those tracts only (they will not be surveyed individually). All tracts sold in their entirety shall be by an existing survey plat of public record. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.
PROPERTY INSPECTION: Each potential bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel; please feel free to inspect any other time. Also, tracts are marked with surveyor’s corner markers along roadways and there are auction tract signs for your convenience.
BROKER PARTICIPATION: Any broker actively licensed in the State of Kentucky who properly registers the successful high bidder will be paid a 2% commission at settlement by the Seller. Registration must be on a Schrader Real Estate & Auction Co., Inc. Buyer Broker Form and contains the name, address, and signature of agent and prospect, as well as broker’s license number and Federal Tax ID number. The form must be received in the offices of Schrader Real Estate & Auction Co., Inc. no later than May 16.
AGENCY: Schrader Real Estate & Auction Co., Inc. and Woltz & Associates, Inc. and their representatives are Exclusive Agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Agreement to Purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS“ basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches, acreages and dimensions in this brochure and other information provided by the Auction Company are approximate. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, financial ability, etc. All decisions of the Auctioneers are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
STOCK PHOTOGRAPHY: Some photography in this brochure reflecting wildlife are used for illustrative purposes.
OWNER: Mead Realty Group, Inc.

SOLD – Auction: West Elk Ranch

Woltz Auction – Glenwood Springs, CO
34 Acreage Tracts of 35± to 66± Acres Each
10 Tracts SOLD ABSOLUTE
Located Between Aspen & Vail

West Elk Ranch is located 24 miles Northwest of Glenwood Springs, Colorado. This magnificent ranch, with its beautiful Aspen, Spruce and Lodge Pole Pine covered ridges, is adjacent to thousands of acres of the White River National Forest and borders both lands of the Bureau of Land Management and the Rifle Mountain Park.

Recreational opportunity abounds on all sides of the ranch. The world-renowned ski areas of Aspen, Vail and Beaver Creek are located within 70 miles of this pristine property. There are also 100 miles of snowmobiling and cross country skiing trails, most of which are groomed, within 1.5 miles of the upper property entrance. The ranch could easily be considered the entranceway to the notorious Flat Tops Wilderness Area. An extensive network of roads throughout the ranch offers everyone the opportunity to purchase their own piece of beautiful Colorado countryside. The topography of West Elk Ranch offers magnificent long-range views. Sopris Mountain, The Mamm Peaks and the Grand Hog Back are three of the most recognized ranges viewed from the beautiful building sites located throughout the property. The ranch provides an extremely valuable and pristine habitat for many species of wildlife, including big game species like elk, mule deer, black bear and wild turkeys. This area has one of the largest herds of elk in the entire state. For the avid fisherman, the ranch is strategically located between the Colorado River and the White River. Other recreational choices in close proximity are the Rifle Gap State Park, Harvey Gap State Park, Rifle Mountain Park and Rifle Creek Golf Course.

Buyers can purchase a single tract, any combination of tracts, or the entire ranch.

This is an OUTSTANDING OPPORTUNITY
TO OWN PROPERY AT YOUR PRICE!

5% Buyer’s Premium Added to High Bid

Directions

From Glenwood Springs take I-70 West for 10 miles to Exit 105 (New Castle). At the end of the ramp, turn right and cross over Hwy 6, then continue straight on Castle Valley Blvd. through the stop signs for 2 miles to a “T” intersection. Turn right on CR 245 (Buford Rd).
 
Go 1.1 miles and bear left, continue an additional 5.3 miles and road becomes Grass Valley Road (CR226). Make a hard right onto North Cut Off (CR 247). Go 2.5 miles and turn Left onto CR 245 . Go 6 miles to beginning of Property. Proceed 6/10 mile to lower road exit of Property and continue 1.3 miles to upper entrance of Property where auction staff will be located for preview.
 

Basic Terms & Conditions

 
PROCEDURE: Tracts 1-34 will be offered in individual tracts, in any combination of these tracts, and in its entirety. Any qualified registered bidder may bid on tracts, tract combinations, and the total property.
DEPOSIT: Successful bidders shall deliver on day of sale to Woltz & Associates Inc., 10% of the final contract sales price as an escrow deposit via cash, cashier’s check, or pre-approved personal check. A bank letter stating “____________, account number ________, is a customer of this bank in good standing” should accompany personal checks. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
SELLER FINANCING: Registered Bidders who have been approved for Seller financing prior to the auction will be required to pay a minimum down payment of 25% in cash (which includes the 10% deposit day of sale) and may finance up to 75% of the purchase price with an annual interest rate of 6.99%, amortized for 20 years with a balloon payment due at the end of year five (5).
MINIMUM BIDS: Some tracts show minimum bids “per acre”. Tracts will be sold by the “boundary”, which is the total acreage of the tract.
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final high bid price to determine the total purchase contract price (i.e. high bid $100,000 + 5% buyer’s premium = $105,000 as the purchase contract price).
REAL ESTATE TAXES: All real estate taxes shall be prorated at closing.
CLOSING: Tracts 12, 13, 14, 15, & 16 shall close on or before November 10, 2003 and all other tracts shall close on or before August 26, 2003, or as soon thereafter as Seller’s applicable closing documents are completed and can be scheduled with Stewart Title Company. Announcements on the day of the auction will state the projected closing date for each property.
POSSESSION: Possession of the property shall be given at closing.
PROPERTY INSPECTION: Each potential bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect any other time. Also, tracts are marked with surveyor’s corner markers along roadways and there are auction tract signs for your convenience. Please inspect each tract before bidding
AGENCY: Woltz & Associates, Inc. and its representatives are Exclusive Agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Agreement to Purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS“ basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. All sketches, acreages and dimensions in this brochure and other information provided by the Auction Company are approximate. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, financial ability, etc. All decisions of the Auctioneer are final.
BROKER ASSOCIATION: This auction is being conducted in association with the real estate firm of Bain Hutzley & Leverich Real Estate Co., Ltd; 555 East Durant Street, Site 4A, Aspen, CO 81611. One of the principals in each of the partnership entities (Seller) is a licensed Colorado real estate broker.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. The auction sale begins at 12:00 Noon. Registration begins at 10:30 AM.

 

SOLD – Absolute Auction: Fox Island – 263± Acre Island

 Historic Fox Island- Lake Ontario, New York
ABSOLUTE AUCTION
Fox Island – 263± Acre Island
.5± Acre Mainland Access Parcel with a dock and plenty of parking space
Gustav Stickley Furniture
SOLD – August 2007

Boats depart from Martins Marina 10:00 AM to 5:00 PM and on Day of Sale beginning at 9:00 AM.
“Where the Lake meets the River” and known as the “Garden of the Great Spirit”

The History: This incredible wonderland of islands, wildlife, fish and game was discovered in the early 1600’s and was known to the natives as the “Garden of The Great Spirit.” This beautiful island is one of the last remaining, wholly owned islands of The Thousand Islands Region in the St. Lawrence River/Lake Ontario area. It was owned for years by the late Governor Horace White who purchased the Island in 1905. The lodge dates back to the turn of the century as well as many of the other support buildings. Fox Island has been a private retreat to governors, senators, politicians and people of notoriety and has been unaccessible to the public, having only 4 owners over the past 100 years. Well known for its magnificent duck hunting and fishing, Fox Island offers something special with the ownership of its own duck marsh, which was obtained from the state of New York in 1906.

The Antiques: This will be a rare opportunity to purchase over 40 pieces of Gustav Stickley furniture in situ at the Fox Island hunting lodge. It was originally ordered for Governor White and three partners who bought four of every piece of bedroom furniture directly from Gustav Stickley in 1905-1910 to furnish the lodge. Included are 3 sets of twin beds, chests, mirrors, chairs, 3 Morris recliners, 2 porch swings, settle bench, etc. An abundance of other important items to be auctioned including artwork and the original leather mail pouch for the island, from the early 1900’s.

Fox Island is located at the Eastern end of Lake Ontario at the headwaters of the St. Lawrence River, where you enter the famous Thousand Islands region. Fox Island offers you peace and tranquility, an escape form the hustle and bustle of every day life. The island is minutes by boat from the mainland, close to Cape Vincent, NY. The village of Cape Vincent is quaint and full of history, dating back to 1615. This area is known for its fantastic fishing. Anglers come from all over the world to fish the St. Lawrence for bass; walleye, pike and muskellunge; in addition to Lake Ontario which is stocked with trout and salmon. All this, literally outside your front door!

Fox Island continues a century old reputation as one of the Northeast’s finest water fowling destinations. Fox Island is over 260 acres of rolling pastures, dense hardwoods and 6 miles of pristine shoreline with deeded native marshes. This insures privacy and manageability for the serious waterfowl or nature enthusiast. There is a resident herd of white tail deer and just recently, several families of wild turkeys have inhabited the island.

The Thousand Islands are easily accessible by boat where one can experience the turn of the century summer mansions and visit the magnificent Boldt Castle.

Air Strip: 3,000 ft. private grass landing strip located on the island.

Renovated lodge (circa 1905) with three native stone fireplaces, 8 bed rooms and 5 baths, large kitchen, formal dining room, living room and game room, wet bar with ice maker, hunting and fishing storage room, and laundry room. The kitchen has a large stove top, 2 ovens, dishwater, microwave, garbage disposal and 2 refrigerators. The Guest House has 4 bedrooms, 1 bath, and kitchen with appliances.

Harbors & Docks: Large front dock and mainland dock recently constructed with 70 year steel pilings and pressure treated staving. Newly constructed protected harbor and docks.

Outbuildings: Large steel storage barn for maintenance equipment, boats, etc. Harbor house, Decoy house, Pump house.

Fox Island is one of the last largest privately held islands in the 1000 Island region of the St. Lawrence River and Lake Ontario. With it’s expansive accommodations, and complete furnishings, combined with a private mainland access tract located only minutes from the island, make this a truly unique and enchanting place.

All of the interior furniture is original to the property (early 1900s) to be sold at auction with majority being Gustav Stickley.

Directions to Fox Island:

Driving Time a little less than 2 hrs from Syracuse, NY. Take 81 North to exit 46 (Coffeen Street/Airport). At the exit ramp, turn left for about 2 miles into Paddy Hill. Just past the Nice N Easy Gas station, get in the right lane and turn right onto Route 12E. This will go over the Black River to a stop sign. Turn left, drive through Brownville, Limerick, Chaumont and Three Mile Bay. In Three Mile Bay, you will pass the fire department and cemetery (on your right), from this point drive for approximately 4.4 miles. At this point you will see a green sign for Mud Bay, and a blue sign for Martins Marina) turn left here onto Bates Road, take this all the way to the stop sign. At the stop sign turn right past Martins Marina, up the hill and turn left onto Humphrey Road. Drive down the road approximately one mile all the way to the end to Martins Marina Pier II. Martins Marina for boat rentals: 315-654-3104.

Basic Auction Terms and Conditions:

PROCEDURE: The property will be offered at ABSOLUTE AUCTION.
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final bid price to determine the contract purchase price. A 15% buyer’s premium shall be added to the high bid to determine the final selling price for any antiques and personal property sold.
DOWN PAYMENT AND CLOSING: 10% down payment on the day of auction with the balance due in cash within 60 days at closing. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. Personal and corporate checks should be accompanied by a letter from the bank on which the check is written stating that the account is a current account and in good standing with the bank. BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
PAYMENT FOR ANTIQUES AND PERSONAL PROPERTY: Payment in full day of sale by cash, or approved check. Any customers paying by check and unknown to Ken Farmer Auctions will need to supply a bank letter made out to Ken Farmer Auctions on original bank stationery.
ACCEPTANCE OF BID PRICES: Successful Bidder will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Purchase agreements are available prior to the auction. Real Estate Purchase Agreement (PDF format)
EVIDENCE OF TITLE: The Seller agrees to furnish Buyer(s) an updated commitment for a Seller’s Policy of Title Insurance. The property will be conveyed by a General Warranty Deed. Commitment for Title Insurance (PDF format)
REAL ESTATE TAXES: To be prorated at settlement.
PROPERTY INSPECTION: Inspection dates have been scheduled and will be staffed with auction personnel. Absolutely no access to the property is allowed without the Seller’s authorization. Further, Seller disclaims any and all responsibility for Buyer’s safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale. This property is only accessible by boat and all bidders and visitors will be asked to register on the mainland before boarding the boat to the island for inspections and day of sale.
ACREAGE: The property is being sold by the boundary and not by the acre and is estimated as 263± acres based on existing maps and deeds. The conveyance will include 1/2± acre and a private dock located on Humphrey Rd. near Martins Marina, Mud Bay, Cape Vincent.
BROKER PARTICIPATION: A 2% Buyer Broker fee for properly registered Buyer’s Agents will be paid to the appropriately licensed real estate broker whose prospect successfully closes on the property sold in this auction. The commission is based upon the Contract Purchase Price at the auction and will be paid at closing. Brokers must strictly follow all guidelines set by Schrader Real Estate and Auction Co., Inc. and must be registered by Wednesday August 22 , 2007 at 5:00 p.m. eastern daylight time. Broker Participation Form (PDF format).
AGENCY: Schrader Real Estate and Auction Company, Inc., Rex. D. Schrader, NY # 32SC1115028, and their representatives are exclusive agents of the Seller. This sale is in conjunction with Woltz and Associates, Inc. and Ken Farmer Auctions and Appraisals. New York State Disclosure Form for Buyer and Seller (PDF format)
DISCLAIMER AND ABSENCE OF WARRANTIES: The information contained herein is subject to independent verification by all parties relying on it. No liability for the accuracy of the sales brochure, marketing materials, or bidding packets or for any errors, or omissions herein is assumed by the Seller or the Auction Company. Announcements authorized by the Seller at the Auction podium during the time of the sale will take precedence over any previously printed material. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property, including without limitation, environmental and physical condition of the property. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final. Buyers assume all responsibility for any antiques and personal items purchased and for the removal and storage of same.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

Contact:

Schrader Real Estate & Auction Co., Inc. (NY# 32SC1115028)

SOLD – 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.