Cedar and Wolf Lake Real Estate Auction

Filed as: Past Auction, Past Real Estate Auction, Sold Real Estate 
Posted on: Friday, June 6th, 2008

wolf lake pastoral lakeside When: Saturday June 28, 2008 @ 9:30am
Where: 40525 305th Avenue, Melrose, MN

The spirit of the north woods lakes can now be yours . . .
You can be at your Cedar Lake home one moment and alone on secluded private Wolf Lake the next … This legendary land is a pure slice of natural beauty! The property provides solitude and privacy within an easy drive of the Twin Cities. Great fishing, abundant wildlife and unmatched seclusion ensure outdoor entertainment year-round! A true end of the road property! The property is rich in wildlife from the slap/splash of beaver, to nesting and rearing sites for numerous waterfowl during the summer. Fish with the loons as the early morning fog lifts and bass jump at sunup from Cedar & Wolf Lakes.

The possibilities for outdoor adventure are as numerous as the sky blue waters!

Parcel A
A place for being close to what matters most!
This beautiful 3.5 acres on the point overlooks the North side of Cedar Lake with a southern exposure, and a very gentle slope to over 200 feet of shore line. The parcel feature an excellent shaded home site with a 14×70 mobile home and a 26×36 multi-use garage with bathroom and a 26×36 pole shed for boat and toy storage. Cedar Lake is located 3.5 miles northeast of Melrose in Stearns County. It has an area of 90 acres, a maximum depth of 36 feet, and water clarity of 13.5 feet.

Parcel B
Not your everyday property! Not your everyday lifestyle!
Walking thru the shimmering trees. Exploring the secluded meadow surrounded by wild flowers. Sledding down a snow covered hill. This approximately 40 acre parcel on North and South Wolf Lakes has it all! This natural estuary features a colorful hardwood hillside, rushes, tamarack, and secluded meadow. It overlooks North and South Wolf Lakes and provides solitude and privacy.

Real Estate Previews:
Friday June 13 (5:30–7:00pm)
Saturday June 21 (8:30–10:30am)
Or By Appointment

Real Estate Terms:
Earnest Money: The sum of Six Thousand Dollars ($6,000.00) per parcel shall be deposited as earnest money by the high bidder in the trust account of Schultz Auctioneers Landmark Realty, Inc. but to be returned to the Seller if the Buyer fails to perform pursuant to the Purchase Agreement.  Therefore, the earnest money is non-refundable.
Buyer’s Premium: An eight percent (8%) buyer’s premium will be added to the high bid price to equal the contract price used in the purchase agreement. For example, a bid price of $100,000.00 would equal a contract price of $108,000.00 ($100,000 + $8,000).
Brokers Participation Accepted: A broker co-op will be paid to properly registered brokers. The broker registration form must be returned at least 48 hours prior to the auction.
Terms: Cash, due and payable at time of closing. Successful bidder will enter into a standard Minnesota Purchase Agreement. It will be at the Auctioneer’s discretion as to the increments of bids and process to reach the top and final bid.  Any financing (mortgage or otherwise), if necessary, should be made prior to the auction.  The property is sold without contingencies.
Closing: Remaining balance due on or before the 24th day of July 2008.
Preview of the property is essential prior to the auction!
Agency Disclosure: Schultz Auctioneers Landmark Realty, Inc. is acting as a Seller’s broker in this transaction. A Seller’s broker is a broker who represents the Seller and acts on behalf of the Seller. Therefore, Schultz Auctioneers Landmark Realty, Inc. must act in the Seller’s best interest and must tell the Seller any information disclosed to him or her. Therefore, the Buyer will not be represented and will not receive advice and counsel from the broker or salesperson. For further information, please contact our office for an Agency Relationships in Real Estate Transactions disclosure.
Reservations: Property is sold subject to easements of record.
Survey: View the survey online.
Property Disclosures: View the property disclosures online. This is a 6.6MB file, and will take a few minutes to download to your computer.

Cedar L M home and garage back side cedar lake garage bb cedar lake garage Cedar lake mobile home Cedar lake shoreline P A Cedar lake  boat toy shed w lake scenic 3 w lk lakeshore w lk scenic W lk shoreline Wolf lake c wolf lake meadow & trees wolf lake woodland Aerial