Auction Description
ONLINE ONLY AUCTION
Zoned Residential Development R-1 Single Family
Begins to close: Friday March 19, 2021 5:00 p.m. (Unless sold prior to closing date.)
Property offered in 2 Parcels
Cedar River Developers LLC. is selling this Residential Development Opportunity in Austin, MN Mower County. With the increased demand for housing in the Austin, MN Community, this is an Excellent opportunity for Developers, Investors & Builders to take advantage of this opportunity and design your way!
Parcel 1:
Total Acres: 32 +/- PIN: 34.839.0150 Legal: OUT LOTS 23 103 18 08059 OL 9 EXC S1049.59FT & EXC 3.56AC IN NE1/4 & PIN: 34.139.0070 Legal: 23 103 018 CEDAR RIDGE 08047 OUTLOT D
RE Taxes: Prorated to day of Closing
Zoned: R-1 Single Family Residential
Parcel 2:
704 38th Ave NE, Austin, MN Total Acres: 0.48 Residential – PIN: 34.839.0195 Legal: OLS W1/2 23-103-18 APPROX W66.5FT OL 9 ADJ TO E LINE OL 7
Agency: Thompson Auction Service & Infinity Real Estate & Management Group represent the Seller in this Transaction.
Taxes: Taxes in 2021 shall be prorated between Seller & Buyer(s).
Conditions: Sale subject to any and all easements, restrictions, covenants and assessments. Buyer(s)/Bidder(s) responsible for conducting their own assessment/due diligence of risk concerning the subject properties. Sale of property is AS-IS WHERE IS without guarantee or warranty, expressed, written or implied.
Title: Contract: Sale is non-contingent on buyer(s) financing. Winning/Highest Bidder will enter into a real estate purchase agreement and provide earnest money to be deposited into Infinity Real Estate & Management Group trust account, Sale to include updated abstract and clear title.
Terms & Possession: 10% - Nonrefundable down for each Parcel day of sale. Balance due: on or about April 20th, 2021. 6% Buyers Fee applies to both Parcels.
Thompson Auction Service act as agents for sellers. Auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Thompson Auction Service. and staff for any errors or omissions regarding the item(s) being sold. Bidder agrees that everything is sold as is and that they may not return any item they purchase. ALL ITEMS ARE SOLD AS-IS WHERE-IS unless specifically specified otherwise.
City Code & Building information available online at: http://www.ci.austin.mn.us/public-works/planning-zoning
Questions regarding planning & zoning, infrastructure & Structures can be directed to the following Austin, MN city officials.
Holly Wallace – Planning & Zoning (platting – subdivision) hollyw@ci.austin.mn.us 507-437-9952
Steven Lange – Engineering (Infrastructure – subdivision) slang@ci.austin.mn.us 507-437-9949
Fred Husemoller – Building Official (Structures) fredh@ci.austin.mn.us 507-437-9954
Austin Utilities – (Gas & Electric services) www.austinutilities.com 507-433-8886
Cedar River Developers LLC - Owners
Auction Conducted & Clerked by: Thompson Auction Service: Col. Dave Thompson (50-114) 507-438-9646 Member: MN State & National Auctioneers Assoc.
Notes
Attention Developers: With some of the development work complete, It's your turn to begin your design layout!
Online Bidding