Land Development Auction - United Country Real Estate

INTERNET ONLY
Land Development Auction
COMMERCIAL, RECREATIONAL, FARM & RESIDENTIAL
1,300± ACRES & 1,220 LOTS SOLD IN MULTIPLE TRACTS
Bidding Ends OCTOBER
1 at 2:00 pm CDT (soft close)
in conjuction
with
Ken Dayley
St. Louis, MO 63011
Jimmie Dean Coffey
License: #AC30200042 / AU01049934
Seller: Terre Du Lac, Inc. & James Kwon Trust
855.573.5263
- MOLandAuction.com
Table of Contents
3
Property Description
8
Terms & Conditions
10
State Map
11
Tract Map
12
Contacts
13
City/County Information
14
Property Maps
80
Tax Information
81
Seller’s Disclosures
94
Lead Based Paint Disclosure
95
Purchase Agreement
102
Auction Advantages
The information contained herein has been obtained from other third party sources. We have not verified its accuracy. Seller and United Country
Coffey Realty and auction make no guarantee, representation or warranty whatsoever concerning any of the materials or information contained
herein. It is the sole responsibility of anyone reviewing this material to evaluate the accuracy, completeness and usefulness of all information contained herein. The seller and United Country Coffey Realty and Auction make no express or implied warranties, representations or endorsements
whatsoever concerning the material presented or the proposed transaction referenced in herein, including without limitation any warranties of title,
non-infringement, merchantability or fitness for a particular purpose and seller and United Country Coffey Realty and Auction shall in no event be
liable for any damages whatsoever resulting from the use of our reliance on any information contained herein.
Property Description
Terre Du Lac - Missouri Land/Development Opportunity
Online Only Land & Development Auction
1,300+/- Acres & 1,220 Lots Sold in Multiple Tracts
Bid through October 1st at 2:00pm (soft close)
*Preview by appointment only*
Contact Ken Dayley at 1-855-573-5263
Located just an hour south of St Louis, Terre Du Lac is an incredible 5,200+/- acre community with 16 lakes
(including 4 waterskiing lakes), and its own self-contained police and fire departments. This incredible online
auction event consists of 1,300 acres of land, 1,220 building lots and an office building in a unique resort
community with both residential and commercial tracts available. The natural beauty and convenient location
of Terre Du Lac makes it perfect for hunters, anglers and golf enthusiasts that want to live or vacation in a
unique lake community.
Tracts available
1.
2a.
2b.
3.
4.
5.
6.
7.
8.
9.
10.
1,220 building lots & office building
23.624+/- acres - Commercial Site
25.4+/- acres - Commercial Site
27.1+/- acres
111.48+/- acres
94.8+/- acres
172.6+/- acres
101+/- acres
22+/- acres
20.5+/- acres
741.2+/- acres
*Seller Financing Available
Agent/Broker Participation Encouraged (agent/broker registration form must be filled out)
Property Description
Tract 1
1,220 lots and office building---Building lots consists of 1 Pontoon lakefront lot, 36 small lakefront lots,3 1+/acre golf course lots ,141 fairway lots on a 9-hole golf course, 57 3+/- acre estate lots , 5 2 to 5+/- acres condo
sites, 30 extraordinary lake-view lots and 947 regular wooded lots (100x150).
The office building contains about 3,300-sq-ft of floor space with 8 offices and 3 baths. The roof is 2 to 6 years
old. Equipment includes office desks, 4 computers and a conference table. In addition, there are 2 lounges, a kitchen,
laundry room with washer/ dryer, new CH&A unit and 2 large garages. The building was constructed on a concrete
slab in the early 1970s.
Tract 2a
23.6+/- acres - Commercial lot-East Entrance: There exists a Dollar General store, First state Community Bank and
Nash Realty building. Tract is served with central water and sewer.
Tract 2b
25.4+/- acres - Commercial lot-West Entrance: There exists a Photo shop, The Market, and Gateway Subdivision (13
lots). All served by central water and sewer.
Property Description
Tract 3
27.1+/- acres - Commercial Chalet area. This land is suitable for multifamily housing such as condos or retirement
homes a short walking distance to the TDL Clubhouse.
Tract 4
111.48+/- acres - Lafitte East: This property lays well for 5 to 10-acre estate lots. About 20% of its frontage
is on paved road with central water and sewer installed. The balance has waterline installed. Sewer line could be
extended, or aerator or septic system could be installed.
Tract 5
94.8+/- acres - Lafitte West: This land could be subdivided into 2 large gentlemen’s farms or possibly a horse farm.
Central water is available.
Property Description
Tract 6
172.6+/- acres - Plat 31 area: Originally this land was set aside for an additional 9-hole golf course, with the
balance planned to contain about 190 lots to be designated as Plat 31, but was never recorded with St. Francois
County. If a large gated community is built on Plat 30 and 31 there may be a need for an additional golf course.
Alternatively, the land could be subdivided into 16 10-acre estate lots. Central sewers run along the boundary road
with access to central water.
Tract 7
101+/- acres - Lake Marseilles area: This land is bordered by Lake Tiffany, Lake Capri and Lake Marseilles. It
contains about 20 acres of residential, and storage ground for boats/ATV’s. The balance could be allocated for a
shooting range or hunting ground, as there is abundant wild turkey and deer.
Tract 8
Area-22+/- acres - Lake Shayne: This land contains 2 parcels; 7+/- acres with a view of Lake Shayne that could be
subdivided into 3 or 4 building lots. There is also a boat ramp with parking area. 15+/- acres are more suitable for a
large family to build several homes and share the ground between the families.
Property Description
Tract 9
20.5+/- acres - Old Airport Area: About 14 acres of land were used as a small airport in early 70’s. Approx 6.5
acres are hilly and not suitable for aircraft use. 14+/- acres are suitable for retirement homes or townhousesmultiple. The land is fairly flat with central water and sewer. It would be an easy construction and economical
building site.
Tract 10
741.2+/- acres - Big Lake site: 262+/- acres are in St Francois County with the balance being in the county of
Washington; 479 acres. This land has at least 3 lake sites of 90+/-, 39+/- and 15+/- acres which could provide an
extension of current Terre du Lac development. The existing amenities of 16 lakes and 27 holes of golf provide
excellent facilities for residential development. This land could also be broken up to 2 estate tracts for private lake
living with good hunting, golfing and country club living nearby.
Terms and Conditions
TERMS & CONDITIONS
Terre Du Lac - Real Estate Auction
Terre Du Lac
Bonne Terre, MO
Legal Description
See Legal Description in the Auction Sales Contract (copy in PIP)
Ø The property will be sold at Public “Online Only - Internet Auction” ending Wednesday – Oct. 1, 2014
at 2:00pm CDT (soft close)
Ø The property will be Sold Subject to Seller’s Confirmation. The seller reserves the right to accept or
reject any and all bids.
Ø Property sells as-is with no warranties expressed or implied
Ø Included in the sale is the real estate only.
Ø The auction is Subject to prior sale (the property can be purchased prior to the end of the auction)
Ø The seller will provide seller financing. (See attached Land Contract Agreement) (pg. 100)
Ø The seller reserves the right to cancel the auction at any time prior to the final bid closing
Ø Buyers Premium
o An 11% buyer’s premium will be added to the final bid and charged to the buyer, the final bid
plus the 11% buyer’s premium will establish the final sales price.
Ø A 10% down payment must be paid by the successful bidder by direct wire transfer within 24 hours of
acceptance of the auction contract by the Sellers, payable to: Preferred Land and Title Company. The
down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be
sure you are prepared to pay cash at closing, have arranged your financing, or plan to use the available
seller financing (see attached Land Contract Agreement). The balance of the purchase price, if paying
cash, or the balance of the contract down payment plus the buyer’s premium, will be due via a wire
transfer to the closing company, on delivery of insurable title on or before November 14, 2014.
o A promissory note will be signed along with the down payment.
Ø Final closing is NOT contingent upon financing.
Ø The property will be conveyed by a Warranty Deed
Ø The seller agrees to furnish buyer(s) with an owner’s policy of Title Insurance Policy at closing.
Ø Real Estate Taxes: the taxes will be prorated to the day of closing.
Ø Closing:
o Closing shall take place at the office of: Preferred Land and Title Company – 12 West First
Street, PO Box 708, Farmington, MO 63640, paid by the buyer.
o Closing will be held on or before November 14, 2014
Ø Possession will be granted at final closing.
Ø The successful Bidder shall execute an “Auction Real Estate Sales Contract” for the property
immediately after being declared the Successful Bidder by the Auctioneer.
Ø Each potential Bidder is responsible for conducting at their own risk, their own independent inspections,
investigations, and due diligence concerning the property.
o Further; Property sells as-is with no warranties expressed or implied
Ø United Country Trophy Properties and United Country Coffey Realty & Auction and their
representatives are exclusive agents of the Seller.
Ø All announcements made up to the final close of the Auction bidding take precedence over all
advertising, oral or printed material.
Ø All information was gathered from reliable sources and is believed to be correct as of the date this
brochure is published; however the seller or auctioneers have not independently verified this
Terms and Conditions
information. Auction plats and drawings are not to be relied on and are for representation purposes
only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or
auctioneer to update this information.
SALE SITE: Internet Only
VIEWING INSTRUCTIONS: By Appointment Only
The viewing of the property will be at the viewer’s own risk the Seller, neither Auctioneer nor the Listing
Agency be held responsible for accidents.
For questions call Ken Dayley at United Country Trophy Properties (314) 409-4568 or Jimmie Dean Coffey at
United Country Coffey Realty & Auction (812) 824-6000 office (812) 360-6005 cell.
I do hereby agree to these Auction Terms & Conditions.
Seller
Date
Buyer
Date
Buyer
Date
State Map
Terre du Lac
Distance to Nearby Places
63 Miles from St. Louis
19 Miles to Farmington
21 Miles from DeSoto
Tract Map
Contacts
Property Related Contacts
Contacts
Contacts
United Country Coffey Realty & Auction
Jimmie Dean Coffey, CAI, AARE, CES
812.824.6000
[email protected]
United Country Trophy Properties & Auction
Ken Dayley Land Specialist
855.573.5263 x704
[email protected]
www.MOLandAuction.com
Bonne Terre, Missouri
Street Department Water Department
(573) 358-3513 (573) 358-4327
Animal Control Library
(573) 358-3513 (573) 358-2260
Municipal Court Senior/Nutrition Center
(573) 358-2254 (573) 358-3726
Fire Department Bonne Terre Pool
(573) 358-2200 (573) 358-0157
Building/Code Enforcement Utilities
(573) 358-2254 (573) 358-2254
Administration Police Department
(573) 358-2254 (573) 358-2254
Bonne Terre Chamber of Commerce
(573) 358-4000
Economic Development
http://bonneterrechamber.com/economic-development/
DNR Fish & Wildlife
http://www.dnr.mo.gov/
Websites of interest
http://bonneterre.net/
http://bonneterre.net/forms-permits-and-applications/
City/County Information
Bonne Terre, Missouri
At one time the richest lead ore in the world was located in Bonne Terre and
surrounding area. The French discovered lead in Bonne Terre in 1720 and they
called the settlement “La Terre Bonne”, “Good Earth”, in reference to the mineral
wealth. The actual town was formed in April 1864, when St. Joseph Lead Co.
purchased 946 acres of land. The City of Bonne Terre was incorporated as a third
class city in 1917.
Population in 2012: 7,052 (96% urban, 4% rural).
Population change since 2000: +74.6%
Males: 5,290 (75.0%)
Females: 1,762 (25.0%)
Median resident age: Missouri median age: 34.2 years
33.9 years
Zip codes: 63628
Estimated median household income in 2012: $31,166 (it was $29,929 in 2000)
Bonne Terre: $31,166
MO: $45,321
Estimated per capita income in 2012: $11,193
Bonne Terre city income, earnings, and wages data
Estimated median house or condo value in 2012: $81,091 (it was $55,200 in 2000)
Bonne Terre: $81,091
MO: $135,000
Mean prices in 2011: All housing units: $94,313; Detached houses: $94,313
Median gross rent in 2012: $490.
Read more: http://www.city-data.com/city/Bonne-Terre-Missouri.html#ixzz3A7hNFdnW