SEALED BID INVENTORY REDUCTION AUCTION RESIDENTIAL HOME LOTS FROM ¾ to 2 ACRES Oronoco, MN
Details
Inspections
Bidders are welcome to inspect the lots at their convenience, an auction representative will be on location at the following times:
Thursday, November 3 • Noon to 5 pm
Thursday, November 17 • Noon to 5 pm
Sunday, November 20 • Noon to 5 pm
Other times by Appointment
Bid Deadline
Monday, November 21
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Location
Details
River Park Subdivision
Sealed Bid
IMPROVED AND UNIMPROVED LOTS
River Park is a 118 acre community made up of 85 residential lots, located along the Zumbro River in southeastern Oronoco. River Park welcomed its first families in 2006 and has a scenic layout with woods, winding streets, city water, community septic and family friendly amenities. Oronoco is located north of Rochester on Highway 52, the main north south route between Southern Minnesota and the Twin Cities.
AUCTION MANNER OF SALE:
Journey Developing is Offering the Following:
• Choice of 10 Unsold Developed Lots to be Sold Individually
• 15 Acre Tract with Residence known as Tract 6/5
• Entirety Purchase of River Park Subdivision
CHOICE OF 10 BUILDER READY LOTS TO BE SOLD INDIVIDUALLY!
Over 61 Improved Lots Available
Lots range in size from ¾ to 2 Acres
Original Selling Prices $65 – $130,000
All Builders Welcome
Covenant Restrictions
Winding Paved Roads
Walk Out, Wooded or Open Lots
15 ACRE UNDEVELOPED TRACT:
715 Timberline Drive SE
15 Acre Wooded Tract with Residence, Well and Shared Septic,
Known as Tract 6/5. Was to be subdivided into 14 additional lots
Tract 6 lots 1-5 • Tract 5 lots 25-32
ENTIRETY PURCHASE OF RIVER PARK SUBDIVISION:
Includes All Unsold Lots and Development Land that makes up River Park
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Visit the River Park Subdivision Website!
River Park Subdivision is ideally located in Oronoco at 5th Street and 2nd Avenue SE, a mere three minutes from Highway 52 offering an 8 minute commute to downtown Rochester, 50 minutes to the Mall of America or the Minneapolis-St. Paul Airport. The new 200 Acre Elk Run BioBusiness Park is within 5 minutes of the development.
Oronoco is home to the famous Gold Rush antique show every August. Gold Rush welcomes over 400 vendors and 1,200 antique and collectable booths for this well known event.
Oronoco residents enjoy the nearby benefits of Rochester while still living in an idyllic Midwest community.
River Park Subdivision also boasts a fantastic family park with 1300’ of Zumbro River Frontage. The park highlights include: full playground, regulation size basketball/tennis court, BBQ grills, horseshoe pits, swings, picnic tables and river access for canoeing or tubing.
SCHOOLS: Gibbs Elementary, Kellogg Middle School, Century High School or Pine Island Open Enrollment.
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Lot Sizes Chart
Protective Covenants
SEALED BID PROCESS:
Sealed Bid offers must be received by the deadline and be accompanied by a first non-refundable deposit of $5,000 along with a fully completed and notarized bidder kit. Bids must be delivered via traceable courier to Maas Companies Inc at 6923 10th Avenue SW, Rochester, MN 55902, (507) 285-1444. Deposit monies are payable to Holt Title Trust Account. All bids are subject to Seller’s acceptance. At no time may Bidders revoke their Sealed Bid Offers; deposit monies will be returned to nonwinning bidders within 7 days. The Sealed Bid Auction process is binding and offers are non-revocable. Buyers should request a Bidders Kit and thoroughly review all documents prior to submitting a sealed bid offer.
If you are the successful bidder you will be required to place a 20% NON-REFUNDABLE deposit and sign a sales contract within 24 hours of the bid acceptance.
Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, prior to the sealed bid deadline, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she hold an interest, is not entitled to a commission.
10% Buyer Premium. Sealed Bid offers must be received by the deadline and be accompanied by a first non-refundable deposit of $5,000 along with a fully completed and notarized bidder kit. If you are the successful bidder you will be required to place a 20% NON-REFUNDABLE deposit and sign a sales contract within 24 hours of the bid acceptance. Deposits are payable to Holt Title Trust Account.
Real Estate selling Subject to Owner Confirmation. Attorney David M. Pederson with Wendland Utz is overseeing the closings. Real Estate is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. Subject to Prior Sale. See Bidder Kit for complete terms.
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.
Principle Auctioneer, Tyler Maas #55-145; Diane Maas, President.
Re: SEALED BID INVENTORY REDUCTION AUCTION RESIDENTIAL HOME LOTS FROM ¾ to 2 ACRES Oronoco, MN
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
