Name 2 Vacant River Front Buildable Lots Sell at Online Bidding
Auctioneer Jones Auction & Realty
Type Online-Only Auction
Date(s) 5/8/2017 - 8/31/2017
Bidding is open and closes on Thursday, August 31, 2017 at 3:00 p.m. (CT)
Preview Date/Time Contact listing broker, Stan Jones at (920) 261-6820 for details.
Checkout Date/Time Upon the close of the auction the winning bidder will be forwarded a Contract to Purchase. The signed copy must be returned to Unified Jones Auction & Realty by end of business day or 5:00 p.m. (CT) Thursday, August 31, 2017. 10% of total purchase price as earnest money due upon acceptance of the Sales Contract.
Location 753 and 757 Sand Street Online Bidding Only Sale
Watertown, WI 53098
Buyer Premium 10.00%
Description
2 buildable, vacant river front lots sell for one price. Successful high bidder will own both lots. The starting bid of $20,000 meets the reserve. Bid increments of $100. Lots located at 753 and 757 Sand Street, Watertown, WI. Both lots are located in the floodplain of the Rock River. Per a letter from the City of Watertown, as of March 29, 2017 and subject to change, both lots are currently recorded as buildable lots, zoned Single-Family with a list of allowable principal land uses. Complete information from the City of Watertown regarding these lots found under the Terms and Conditions tab. The responsibility is on the buyer of 753 and 757 Sand Street to delineate all floodplain boundaries. The delineation must be complaint with Chapter 532 of the City of Watertown General Code and Wisconsin Statute NR 116. Along with any required delineation, any development in the Flood Fringe would require a CLOMR and a LOMR, with the possibility that both a CLOMR-F and LOMR-F would be required. The cost and responsibility of delineation, CLOMR and LOMR (possible CLOMR-F and LOMR-F) fall upon the buyer. It is also the buyers responsibility of developing (including costs) Sand Street to access 753 and 757 Sand Street . This development must also comply with applicable City of Watertown Code. This is a 10% buyers fee sale. High bid plus the buyers fee equals the total purchase price offered. 10% of the total purchase price as earnest money upon acceptance of the Sales Contract. Closing within 30-45 days of the end of the sale. Property sells As Is, Where Is, No Contingencies or Exceptions. Seller reserves the right to accept, reject or counter any offers. All Terms and Conditions of the sale apply and become part of any offer. Included in the sale price are the parcel maps and the letter from the City of Watertown that the lots are currently recorded as buildable lots, zoned Single-Family Residential. Not included in the sale price is the cost of developing Sand Street to access 753 and 757 Sand Street. This cost is the responsibility of the buyer. Contact listing broker, Stan Jones at (920) 261-6820 for more details. Contact Jacob Maas, City of Watertown Zoning Administrator at (920) 262-4041 with questions regarding the allowable principal land uses, the floodplain delineation and the developing of Sand Street for access.
This is a 10% Buyers Fee sale. Successful high bid plus the 10% Buyers Fee shall equal the total price offered. 10% of total purchase price will be required as earnest money upon acceptance of the Sales Contract. Closing within 30-45 days of sale. Property sells As Is, Where Is, No Contingencies, No Exceptions. Starting bid of $20,000 is for both lots and meets the reserve; Bid increments of $100. When the starting bid is met, lots will sell to the highest bidder. Included in sale price: Parcels maps and a letter from the City of Watertown that the two lots, 753 and 757 Sand Street, located in the City of Watertown are currently recorded as buildable lots, zoned Single-Family Residential. Not included in sale price: The cost of developing Sand Street to access 753 Sand and 757 Sand Street. This cost is the responsibility of the buyer. ALL TERMS & CONDITIONS Apply and Become Part of Any Offer 1. Online Bidding Only: Bidding ends Thursday, August 31, 2017,3:00 p.m. (CT). Starting bid for this sale is $20,000 with $100 bid increments. Starting bid meets reserve. These vacant lots sell As Is, Where Is, No Contingencies or Exceptions. All terms and conditions apply and become part of any offer. Seller reserves the right to accept, reject or counter any offer. 2. This is a 10% buyers fee sale. The successful high bid plus the 10% buyers fee equals the total price offered. 10% of total purchase price will be required as earnest money upon acceptance of the Sales Contract. Upon accepted offer all earnest money becomes non-refundable. Closing within 30-45 days of the end of the sale. 3. Qualification for financing must be approved prior to the sale. Bidding is not contingent upon financing. You are responsible for the balance of the purchase price at closing within 30-45 days of the end of the sale. Possession shall be given at closing. 4. Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the sale the winning bidder will be forwarded via email a Contract to Purchase. A signed copy of the contract must be received by Unified Jones Auction & Realty by end of business or 5:00 P.M. (Daylight Saving Time), Thursday, August 31, 2017. Contract to Purchase may be hand delivered, faxed to (920) 261-6830 or emailed to info@jonesauctionservice.com In the event the buyer refuses to sign the Contract to Purchase and tender the earnest money deposit the auctioneer may resell the property. The original buyer shall be responsible for any damages and expenses for resale and collection, including reasonable attorneys fees. The only condition under which the earnest money and prepaid closing shall be refunded is if the seller fails to confirm or accept the bid or is unable to deliver clear title. If buyer refuses for any reason to close, the earnest money and prepaid fees will be forfeited. All earnest money, less incurred expenses, will be given to the seller. Upon acceptance of Contract to Purchase by both parties, earnest money becomes non-refundable. 5. The sale will be subject to existing zoning, ordinances, roads, restrictions of record and easements of record. Real Estate taxes for the year of closing will be prorated to the date of closing. Seller will provide and arrange for all title evidence. All contracts will be prepared by the listing broker to be entered into the date of the auction. Seller will convey title by warranty deed free and clear of all liens and encumbrances. Any zoning or use permits, if needed, will be at the buyer’s expense. 6. Unified Jones Auction & Realty has been contracted as an agent of the seller to offer this property AS IS, WHERE IS with no warranties to buildings, wells or septic systems. Requirements to meet DILHRs energy code are the responsibility of the buyer. 7. This information is from sources deemed reliable but no warranty or representation is made to its accuracy. Any information on this auction is subject to verification and no liability for errors, omissions or changes are assumed by Unified Jones Auction & Realty as an agent of the seller or the seller. 8. Under no circumstances shall bidder have any kind of claim against Unified Jones Auction & Realty as an agent of the seller, seller, or anyone else if the internet service fails to work correctly. 9. This property sells AS IS, WHERE IS condition without warranty of any kind, expressed or implied, No Exceptions Whatsoever. Buyers should verify all information to their satisfaction. Make all inspections and financing arrangements prior to the end of bidding. Buyer acknowledges and agrees that Seller has not made and is not making any representation statement, or warranty to Buyer about the Property, including, but not limited to, physical aspects and condition of any portion of the Property, including personal property included in this transaction, if any, condition of soil, feasibility, desirability, suitability, fitness or adaptability of any part of Property, including personal property included in this transaction, if any, for any particular use, availability of any utility service, assessments, fees or charges that may be assessed against the Property, value of Property or projected income and expenses, or any other matter. Buyer is purchasing Property in an AS IS and WHERE IS condition and acknowledges that Buyer must rely solely on Buyers own investigation of Property. All prior negotiations and discussions have been merged into this Offer to Purchase. Buyer acknowledges and agrees that Buyer has not and will not rely on any representation or statement made by Seller and waives any and all claims against Seller or its agents for any misrepresentation, negligence, fraudulent advertising under section 100.18 of the Wisconsin Statutes, or breach of warranty. 10. All buyers must acknowledge and accept the Terms and Conditions provided at the time of online registration. All Terms and Conditions apply and become part of any offer. 11. Buyer acknowledges that Seller has given Buyer adequate time and opportunity to inspect the Property and Buyer has either already exercised this opportunity to inspect to the extent that Buyer deems appropriate or knowingly agreed to waive such opportunity. 12. Auctioneer is licensed by the Wisconsin Department of Licensing & Regulation. 13. This property is offered for sale to qualified purchasers without regard to perspective purchasers race, color, sex, marital status, religion or national origin. PAYMENT INSTRUCTIONS Winning bidder is contractually bound and will enter into Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. (Paragraph 4 of Terms and Conditions) Upon the close of the auction the winning bidder will be forwarded a Contract to Purchase via email or fax. The signed copy must be returned to Unified Jones Auction & Realty before end of business or 5:00 P.M. (CT), Thusday, August 31, 2017. The Contract to Purchase may be hand delivered, faxed to (920) 261-6830, or emailed to: info@jonesauctionservice.com 10% of total purchase price as earnest money will be due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. All financing arrangements must be made prior to the end of the bidding. The successful bidder is required to pay 10% of total purchase price as earnest money with a cashiers check, or approved personal check with Bank Letter of Guarantee submitted to our office. Upon accepted offer all earnest money becomes nonrefundable. Contact us at (920) 261-6820 with questions. Seller: ___________________________________________ Date: _______________ Buyer: ___________________________________________ Date: _______________ Broker: __________________________________________ Date: _______________ PLEASE READ Carefully and Completely the following information from The City of Watertown, March 29, 2017 pertaining to these lots: This letter is in regards to two properties, 753 Sand Street and 757 Sand Street, located in the City of Watertown. The contents of this letter are applicable as of the date of this letter, March 29, 2017, and are subject to change. 753 Sand Street and 757 Sand Street, as they are currently recorded are buildable lots. These two lots, 753 Sand Street and 757 Sand Street, are zoned Single-Family Residential (SR-4). Under Section 550-248, the following are a list of allowable principal land uses: B. List of allowable principal/and uses (per Article Ill). (1) Principal/and uses permitted by right (per§ 550-45A): (a) Single-family: lot of 8,000 square feet. (b) Cultivation. (c) Selective cutting. (d) Passive outdoor public recreation. (e) Active outdoor public recreation . (f) Public services and utilities. (g) Community living arrangement (one to eight residents). (2) Principal/and uses permitted as conditional use (per§ 550-45B):[1] (a) Clear-cutting. (b) Indoor institutional . (c) Outdoor institutional. (d) Community living arrangement (nine to 15 residents) . (e) Bed-and-breakfast establishments . 753 Sand Street and 757 Sand Street are both located in the floodplain of the Rock River. The entirety of 753 Sand Street and portions of 757 Sand Street are located in the Flood Fringe district of the floodplain. Under Section 532-18A through Section 532-18C(2): Flood-fringe district (FF). A. Applicability. The provisions of this section apply to all areas within the flood-fringe district, as shown on the official floodplain zoning maps, and to those portions of the general floodplain district that are determined to be in the flood-fringe area. B. Permitted uses. Any structures, land use or development, including accessory structures and uses, are allowed within the flood-fringe district and flood-fringe portions of the general floodplain district, provided that the standards contained in§ 532-16A and Subsection C below are met, that the use is not prohibited by any other ordinance or local, state or federal regulation, and that all permits or certificates required under this chapter have been issued. C. Standards for developments in flood-fringe areas. All of the provisions of§ 532-16A shall apply in addition to the following requirements according to the use requested: (1) Residential uses. Any structure or building used for human habitation which is to be erected, constructed, reconstructed, altered or moved into the flood-fringe area shall meet or exceed the following standards: (a) The lowest floor, excluding the basement or craw/way, shall be placed on fill at or above the flood protection elevation (which is a point two feet above the regional flood elevation) except where Subsection C(1)(b) is applicable. The fill elevation shall be one foot or more above the regional flood elevation extending at least 15 feet beyond the limits of the structure. (b) The basement or craw/way floor may be placed at the regional flood elevation, provided that it is floodproofed to the flood protection elevation. No permit or variance shall allow any floor, basement or craw/way below the regional flood elevation. (c) Contiguous dry land access, defined in § 532-49 as a vehicular access route above regional flood elevation, shall be provided from a structure or building to land which is outside the floodplain, except as provided in Subsection C(1)(d) below. (d) In existing developments where existing streets or sewer fines are at elevations which make compliance with Subsection C(1)(c) above impractical, the municipality may permit new development and substantial improvements where access roads are at or below the regional flood elevation, provided: [1} The municipality has written assurance from the appropriate focal units of police, fire and emergency services that rescue and relief will be provided to the structure(s) by wheeled vehicles, considering the anticipated depth, duration and velocity of the regional flood event; or [2} The municipality has a DNR-approved emergency evacuation plan. (2) Accessory structures or uses. An accessory structure or use (not connected to a principal structure), including nonresidential agricultural structures, shall meet all the applicable provisions of § 532-17C(2) and D. It should also be noted that a small portion of 753 Sand Street is located in the Flood Way district of the floodplain. Under Section 532-17C(2): (2) Structures. Only structures which are accessory to permitted open space uses, or are essential for historical areas, or are functionally dependent on a waterfront location, may be allowed by permit, provided the structures meet all of the following criteria: (a) The structures are not designed for human habitation or associated with high flood damage potential; (b) The structures do not obstruct the flow of floodwaters or cause any increase in flood levels during the occurrence of the regional flood. Structures shall be constructed with the longitudinal axis parallel to the direction of flow of floodwaters, and approximately on the same line as those of adjoining structures; (c) The structures are firmly anchored to resist flotation, collapse and lateral movement; and (d) The structures have all service facilities, such as electrical and heating equipment, at or above the flood protection elevation for the particular area and shall have a minimum of two openings on different walls having a total net area not less than one square inch for every square foot of enclosed area, the bottom of all such openings being no higher than one foot above grade. The openings shall be equipped with screens, louvers or other coverings or devices, provided that they permit the automatic entry and exit of floodwaters. The onus is on the property owner of 753 Sand Street and 757 Sand Street to delineate all floodplain boundaries. The delineation must be compliant with Chapter 532 of the City of Watertown General Code and Wisconsin Statute NR 116. Along with any required delineation, any development in the Flood Fringe would require a CLOMR and a LOMR, with the possibility that both a CLOMR-F and LOMR-F would be required. The cost and responsibility of delineation, CLOMR and LOMR (possible CLOMR-F and LOMR-F) fall upon the property owner. It should also be noted that the onus of developing (including costs) Sand Street to access 753 Sand Street and 757 Sand Street is on the property owner. This development must also comply with applicable City of Watertown Code. Including, but not limited to, Section 532-18C(6): (6) Public utilities, streets and bridges should be designed to be compatible with the local comprehensive floodplain development plans and: (a) When failure or interruption of public utilities, streets and bridges would result in danger to the public health or safety or where such facilities are essential to the orderly functioning of the area, construction of and substantial improvements to such facilities may only be permitted if they are floodproofed to the flood protection elevation in compliance with § 532-42. (b) Minor or auxiliary roads or nonessential utilities may be constructed at lower elevations, provided that they withstand flood forces to the regional flood elevation.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100,000.00 100.00 USD
100,000.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 10.00%
Payment Terms
Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the sale the winning bidder will be forwarded via email a Contract to Purchase. A signed copy of the contract must be received by Unified Jones Auction & Realty by end of business or 5:00 P.M. (CT), Thursday, August 31, 2017. Contract to Purchase may be hand delivered, faxed to (920) 261-6830 or emailed to info@jonesauctionservice.com .
10% of the total purchase price as earnest money upon acceptance of the Sales Contract. You are responsible for the balance of the purchase price at closing within 30-45 days of the end of the sale. Possession shall be given at closing.