J. P. King Auction Company

AU C T I O N
Premier Lakefront Estate on 2± Acres
S k y
B l u e
W a t e r s
Est.
P remie r D ivision
1915
Also Selling 3 Lakefront Homes and 10 Lakefront Lots on a Private Peninsula at Rest Lake
2 Homes and 7 Lots Selling Absolute
M a n i t o w i s h Wa t e r s , W i s c o n s i n
N ovember 1 4
Saturday, 11:00
AM (CT)
S ky B lue W aters
Selling 4 homes and 10 lots on a private, waterfront peninsula surrounded by state land at Rest Lake
Premier Home on LOT #7
Est.
P remier D ivision
1915
The largest home in the subdivision, this
premier property has cedar siding and
stone façade to match its wooden decks
and patio area. With four bedrooms,
three bathrooms and two half
bathrooms, the home also has an indoor
heated pool and a hot tub along with
a gazebo to bring the pinnacle of
relaxation in the beautiful and serene
atmosphere of Rest Lake. This home is
situated on a 2.13± acre lot and offers
535± feet of lake frontage
Premier Auction Marketing Firm
www . jpking . com
800.558.5464
Fo u r h o m e s a r e i n c l u d e d o n t h i s b e a u t i f u l p e n i n s u l a a n d a r e r e a d y f o r v a c a t i o n e r s a n d r e s i d e n t s t o
take advantage of everything this environment has to offer.
HOME on Lot #4
ABSOLUTE
Sitting on a one-acre lot, this ranch-style
home boasts gorgeous wood work with a
stone façade and a wraparound deck. Its
three bedrooms all have fabulous views
of Rest Lake and it includes a completed
basement with a family room.
325± feet of lake frontage
HOME on Lot #5
A cozy, one-bedroom, one-bathroom
cottage, this home includes a
convenient boat shelter on its
355± feet of lake frontage.
HOME on Lot #9
ABSOLUTE
Sitting on over two acres of land with
325± feet of lake frontage, this home
has three bedrooms and two bathrooms.
With fireplaces in both the living room
and family room, this home also offers a
three-car detached garage and a large
storage building with a heated
workshop.
AUCTION
T h e M a n i t o w i s h Wa t e r s 1 0 l a k e c h a i n p r o v i d e s o v e r 4 , 0 0 0 ± a c r e s o f c o n n e c t e d w a t e r s
for fishing, boating, skiing, canoeing, kayaking, swimming and more!
Lot #1
Lot #8 - ABSOLUTE
Lot #13 - Absolute
Lakefront
2.74± acres
202± ft of frontage of Rest Lake
615± ft of frontage on a pond in the rear
of the property
Lakefront
1.52± acres
236± feet of lake frontage
Lakefront
1.54± acres
202± feet of lake frontage
Lot #2 - ABSOLUTE
Lot #10 - ABSOLUTE
Lot #14 - Absolute
Lakefront
2.83± acres
212± ft of frontage on Rest Lake
460± ft of frontage on a pond on
the rest of the property
Lakefront
1.25± acres
200± feet of lake frontage
Lakefront
4.22± acres
500± feet on pond
100± feet of lake frontage
Lot #3 - ABSOLUTE
Lot #11
Lakefront
4.59± acres
425± ft of lake frontage
450± ft of frontage on a small pond
Lakefront
1.18± acres
270± feet of lake frontage
Lot #6
Lot #12 - ABSOLUTE
Lakefront
1.8± acres
870± ft of lake frontage
Located on the tip of the peninsula
Panoramic views of Rest Lake
Lakefront
1.32± acres
207± feet of lake frontage
14
Unimproved
Access
14
9
Sales Map for Illustration Purposes Only
A n escape that is perf e c t f o r f a m i l y v a c a t i o n s , r e u n i o n s , r o m a n t i c g e t a w a y s o r a r e l a x i n g p l a c e to call home,
each of th e s e p r o p e r t i e s p r o v i d e e xc e l l e n t r e c r e a t i o n a l a c t i v i t i e s f o r a n y t i m e o f y e a r.
800.558.5464
AUCTION
www.jpking.com
AUCTION INFORMATION
Please contact the Auction Information
Center for further details regarding the
auction and the property.
800.558.5464 Fax: 800.707.4204
[email protected]
AUCTION REGISTRATION and SALE SITE
A cashier’s check in the amount of
$10,000.00 per property made payable to
the bidder will be required to register to bid.
Registration begins at 9:30 A.M. (CT). The
sale begins at 11:00 A.M. (CT). The auction
will take place onsite at 59 County Road
K, Manitowish Waters, WI 54545 (refer to
directions to the property).
BUYER BROKER PARTICIPATION
Up to a 2% commission will be paid to
any properly licensed Buyer’s Broker who
registers a successful Buyer according
to the Broker Participation Guidelines.
Broker registration forms are available
online at www.jpking.com. Forms must be
completed and returned no later than 48
hours prior to the auction.
TERMS
A ten-percent (10%) down payment will be
due immediately after being declared the
Buyer. The balance is due in cash at closing
within 30 days.
AUCTION FINANCING
Promotional financing is available through
Peoples State Bank to all buyers of auction
properties. Buyer(s) with at least ten
percent down at auction date and closing
within 30 days will be automatically
qualified for financing provided that within
the last 36 months the buyer has not
had any liens, judgments, bankruptcies,
foreclosures, deeds in lieu of foreclosure,
and has not been in default on current debt
obligations. Annual percentage rates are
5.50% APR with ten percent down or 4.95%
APR with twenty percent down. For more
information please contact:
John Proulx
Senior Vice President
(715) 847-4015
[email protected]
Lots are amortized over 20 years and homes
are amortized over 30 years. An APR of
5.50% on a lot would result in 120 monthly
payments of $687.89 and one final payment
of $64,071.87 per $100,000 borrowed. An
APR of 4.95% on a lot would result in 120
monthly payments of $657.20 and one
final payment of $62,761.16 per $100,000
borrowed. An APR of 5.50% on a home
would result in 120 monthly payments of
$567.79 and one final payment of $83,108.59
per $100,000 borrowed. An APR of 4.95%
on a home would result in 120 monthly
payments of $533.77 and one final payment
of $81,752.94 per $100,000 borrowed.
BUYER’S PREMIUM
A ten-percent (10%) Buyer’s Premium will
be added to the winning bid price to arrive
at the total contract price paid by the
Buyer.
PROPERTY PREVIEW
An auction representative will be available
beginning Saturday, October 31st through
auction day from 10:00 A.M. until 6:00 P.M.
You may contact the J. P. King Auction
representative directly at 256.613.1207
during these designated dates.
ON-LINE INFORMATION
Details on the Sky Blue Waters have been
prepared to assist the buyers in evaluating
this property. Go to www.jpking.com and
click on “Featured Auctions,” select “Sky
Blue Waters” to see detailed information on
this property.
The following information is available:
• Property Information Package
• Additional Property Photos
• Auction Terms and Sales Contract
• Buyer Broker Forms and Guidelines
DIRECTIONS TO PROPERTY
From Wausau, WI
Travel US-51 N approximately 90 miles.
Turn right onto County Road W and travel
approximately 2.2 miles (Continuing on
County Road W). Turn Right on County
Road K and travel 0.7 miles. The property
will be on your right.
Lake
Superior
Sky
Blue
Waters
Manitowish
Waters
Michigan
Minocqua
51
Wisconsin
Wausau
Minneapolis
Minnesota
To
Milwaukee
29
94
Wisconsin
To
Madison
Yo u A r e O f f e r e d T h i s P e r s o n a l
I N V I T A T I O N
S K Y B L U E Wat e r s , M a n i t o w i s h Wa t e r s , W I
AUCTION
S e l l i n g 4 L a k e f r o n t H o m e s a n d 1 0 L a k e f r o n t L o t s o n a P r i v a t e Pe n i n s u l a a t R e s t L a k e
2 Homes and 7 Lots Selling Absolute
1 0 8 Fo u n t a i n A v e . G a d s d e n , A l a b a m a 3 5 9 0 1
Est.
1915
Saturday, November 14 at 11:00 AM (CT)
800.558.5464
First Class Presort
U.S. Postage
PAID
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Permit 101
GADSDEN, AL
#794•09 DISCLAIMER: Square footage dimensions and acreage amounts are based upon information provided by the seller and are believed to be correct; however, purchaser and/or purchasers’ agent/broker shall bear the
responsibility to confirm all calculations prior to the auction. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state. For compliance with SECT 1018 of the
RESIDENTIAL LEAD-BASED PAINT HAZARD REDUCTION ACT OF 1992, interested purchasers have a ten (10) day inspection prior to auction. Announcements made at the auction supersede all printed material. Specifications subject
to change without notice. All information contained in this brochure was derived from sources believed to be correct but is not guaranteed. All sales maps are for illustration purposes only. This brochure may not be reproduced in
whole or in part without the written permission of Multi Media Advertising Agency, Inc. Some photographs may show terrain, improvements, wildlife, activities, lifestyle and other characteristics that could be associated with the
property, but are not images of the property or the surrounding area. Real Estate: Jamie M. Sanger, CRB, Managing Broker, Door County. The Real Estate Group, Inc. dba Coldwell Banker The Real Estate Group, Inc. Auctioneer: J.P.
King Auction Company, Inc., Jerry C. King, Registered WI Auctioneer #2382-052. 10% Buyers Fee