Srn-3-5 Autio

Covington, MI, 49919, United States

Property ID: #83306 // LAND
- ft²
470 acres
- beds
- baths
  • Address
    Srn-3-5 Autio
  • City
    Covington
  • State
    MI
  • Zip
    49919
  • Country
    United States
  • County
    Baraga
  • Property Type
    Land
  • Additional Types
    Land, Other, Waterfront
  • Lot Size
    470 Acres
  • Data Source
    Upper Peninsula Association of Realtors
  • Listing Link
  • MLS Number(s)
    1099443, 1099443, 1099443, 1099443, 1099443, 1099443
PROPERTY INFORMATION

This tract of waterfront timberland is just north of Covington in Baraga County of Michigan's Upper Peninsula. Located on the famous Sturgeon River and having frontage on the Rock river as well, the tract features extensive timber lands that are remote but accessible. This tract would lend itself to a very private, hunting and fishing lodge/camp and support itself for years from the timber income. This is some of the best recreation land in the entire area featuring excellent trout fishing, hunting for trophy bucks and coveys of grouse along with hiking, canoeing, biking, snowshoeing and just about any other type of woodland or waterfront recreation you can think of. This parcel lends itself to the sports family who enjoys the north woods. If you are looking for a remote parcel of timber land with a wonderful waterfront features, then this tract could be for you.

DIRECTIONS

From M28/US141 intersection, go west 1/4 mile to E Cemetary Rd. Take right and go north 1.3 miles, take left on Section 16 Rd and go west 1/2 mile, take right on E Autio Rd and go north 3/4 mile to private easement, continue for 3/4 mile to south-west corner of property.

DISCLAIMERS & AGENCY DISCLOSURE
  • Buyer's Fee: 0%
  • Earnest Money: 5% of the negotiated purchase price/successful high bid or $500, whichever is greater.
  • Brokers and Agents are fully protected and encouraged to participate.
  • RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.

Read More...
SOURCE DISCLAIMER
Copyright © 2018 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
SOURCE MODIFICATION TIMESTAMP: 2018-07-04 00:09:00

As is true with any major purchase, you should thoroughly investigate your investment before you go through with a real estate transaction. Always do your homework. Although it may be tempting to purchase a property without taking time to dig into it, we do not recommend it. Here are a few suggestions:

  • Read the contract in full.
  • If possible, physically visit the property.
  • If the property is a multi-family, acquire rental history, vacancy rates, etc.
  • Know the area in which you are buying, so you know what to expect of that market.
  • Consult a local broker.
If a buyer is not certain that he or she want to purchase a particular property, then that buyer is advised not to bid on the property. If a buyer has not inspected and/or not performed due diligence on a property and desires to do so before purchasing the property, then that buyer is also advised not to bid on the property. As always, feel free to contact a RealtyHive representative at 888-869-5672 with any further questions.

Tips for Buying a Home

So you’ve decided to buy a home? Congrats, that’s great!
Here are some great tips to get you on your way to home ownership.

1. Determine Your Budget & Save

Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?

2. Secure a Loan

Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.

3. Be Prepared

Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.

4. Stay Informed

Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.

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Online Only Event/Auction:
January 30th 10:00am - 4:00pm CST
List Price:
$745,000.00
Sugg. Opening Bid:
$595,000.00
Enter $595,000.00 or more

What is a Pre-Auction Offer? This property can be purchased prior to the auction's start date. If accepted, this property will be removed from the upcoming auction. Benefits to purchasing prior to auction.

Want to wait until the auction day to bid?
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Agent Contact & Showing Info
  • BOB SULLIVAN
  • Northern Michigan Land Brokers
  • License # 6502362192
Financing

Please contact your local lender