Kamas, Utah Real Property DOWN PAYMENT Auction
Listing ID#: 1725218

Auction Location

Salt Lake City, UT 84116
Auction Dates and TimesSALE IS COMPLETED
Bidding Starts: Wednesday Apr 16
Bidding Ends: Thursday May 15
Auction Type
 Online Auction  VIEW ONLINE CATALOG
Company Information
Statewide Auction Company

Website: www.statewideauctionco.com

GoToAuction.com ID#: 8570
View company information and listings

Free Email Notifications

Sign up for the GoToAuction.com email notifications and we will let you know about sales in your area!  You may set up alerts by area (zip and radius), keywords, and by company.  It is FREE and only takes a few seconds to sign up.

Listing Terms and Conditions
By proceeding in the process of registering for this auction, Bidders acknowledge and accept the below description and terms: This is a PUBLIC ONLINE, SELLER FINANCED AUCTION of (2) Parcels of Real Property comprised of 316 Total Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah. The Primary Address for this Property is 3090 NORTH ROCKY ROAD, KAMAS, UTAH 84036 THE TOTAL SALE PRICE IS SET AT $7,500,000. THE AUCTION IS FOR THE DOWN PAYMENT ONLY and is to be Auctioned to the Highest Bidder with NO BUYER'S PREMIUMS. THE BIDDER WITH THE HIGHEST DOWN PAYMENT IS SUBJECT TO THE FULL PRICE OF $7,500,000 FOR THE PROPERTY. The Seller will carry the balance over 30 years at 7.5% interest with no balloon payment. Winning Bidder may escalate the Down Payment at auction close to maximize the highest discounted property price and interest at Winning Bidder's Discretion. Highest Bid on Down Payment is SUBJECT TO SELLER APPROVAL This Auction is being conducted under the directon of Seller by Statewide Auction Company and David A Brunet of Homie Broker, LLC Principal and Interest Discounts Available as Down Payment Increases - (See Tier Descriptions Below). The 'Buy It Now'; Cash Price with no Seller Financing is $6,500,000 and will cancel the auction. Seller reserves the right to rescind this offer at any time for any reason Property Price and Seller Finance Interest Rate will reduce in 3 Tiers according to each $100k bid on DOWN PAYMENT TIER 1 $1-$500,000 bid on DOWN PAYMENT activates a discount of .001 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00), up to 500k bid on DOWN PAYMENT. 500k bid on DOWN PAYMENT would close price at $7,462,500 (-$7,500 per 100k bid on DOWN PAYMENT) with an APR of 7.4625% (-.0075% per 100k bid on DOWN PAYMENT) or will lock discount and add it to tier 2 discount. Tiers are only retro-active to prior tier. TIER 2 $501k-$1 mil bid on DOWN PAYMENT activates tier 2 discount of .002 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00) over 500k up to 1 mil. 1 mil bid on DOWN PAYMENT would close price at $7,387,500.00 and an APR of 7.3875% (-.015 per 100k bid on DOWN PAYMENT from 501k to 1 mil) which includes tier 1 and 2 discounts or will add to tier 3 discounts. Tiers are only retro-active to prior tier. TIER 3 $1,001,000.00 and higher will add .005 discounts per 100k from purchase price (-$37,500 purchase -APR .0375% per 100k bid on DOWN PAYMENT) calculated using 7.5 mil starting price. Discounts can accumulate down to a minimum purchase price of $6,500,000 with an APR of 6.5%. Tiers are only retro-active to prior tier. (Examples): $1,100,000.00 bid on DOWN PAYMENT=Purchase price of $7,350,000 APR=7.35% $1,200,000.00 bid on DOWN PAYMENT=Purchase price of $7,312,500 APR=7.3125% $1,300,000.00 bid on DOWN PAYMENT=Purchase price of $7,275,000 APR=7.275% $1,400,000.00 bid on DOWN PAYMENT=Purchase price of $7,237,500 APR=7.2375% $1,500,000.00 bid on DOWN PAYMENT=Purchase price of $7,200,000 APR=7.2% $1,600,000.00 bid on DOWN PAYMENT=Purchase price of $7,162,500 APR=7.1625% $1,700,000.00 bid on DOWN PAYMENT=Purchase price of $7,125,000 APR=7.125% $1,800,000.00 bid on DOWN PAYMENT=Purchase price of $7,087,500 APR=7.0875% $1,900,000.00 bid on DOWN PAYMENT=Purchase price of $7,050,000 APR=7.05% $2,000,000.00 bid on DOWN PAYMENT=Purchase price of $6,975,000 APR7.0125=% $2,100,000.00 bid on DOWN PAYMENT=Purchase price of $6,937,500 APR=6.975% $2,200,000.00 bid on DOWN PAYMENT=Purchase price of $6,900,000 APR=%6.9375 Discount against bid on DOWN PAYMENT continues to a minimum price of $6,500,000.00 (Buy it now and cancel auction price at $6,500,000.00 cash) The Highest Bidder is to schedule closing with the title company within 14 Business Days after the close of auction bidding. Buyer and seller to split closing costs unless the down payment bid is over $1M, at which point; the Seller will pay all closing costs. Estimated Closing Costs: Owners Policy: $14,066.00 Settlement Fee: $370 Lenders Policy: $7,337.00 Only "Qualified Bidders" may be bidders in this Auction. To be a Qualified Bidder, the Bidder must provide a valid credit card number and information to Statewide. The Bidder represents and warrants as follows: - The contact information provided by the Bidder above is true and correct; - The Bidder has provided the Credit Card Information to Statewide; - The Bidder has the ability to perform at the Auction and will not make any bid for the Down Payment that is greater than the amount the Bidder has the ability to pay in cash within 14 Business Days of the close of the Auction Bidding; - The Bidder understands that the Property is being sold "AS IS WHERE IS" with no representations or warranties of any kind, and Bidder has done any and all due diligence Bidder has deemed necessary related to the Property prior to the Auction. - The Bidder with the highest bid for the Down Payment for the Property and shall be registered as the "Successful Bid", which Bid shall be irrevocable. - Successful Bidder agrees to defend and indemnify Statewide, and its agents, attorneys and employees, from and against any claim, demand, cause of action, liability or expense (including reasonable attorneys' fees and costs) asserted against Statewide in connection with the ownership or use of the Property after Closing of this Agreement. -Every person enters the Property at his or her own risk with notice of the condition of the Property and the activities that will be or have been conducted on the Property. Buyer shall so advise its agents and employees. No person shall have any claim against Statewide, or Statewide's agents, attorneys, or employees, for any injuries sustained or for damages that may occur at the Property. It is Buyer's sole responsibility to meet all governmental safety and environmental standards in using the Property. Certain portions of the Property may contain "hazardous substances," "hazardous wastes," "hazardous materials," or "oil" as those terms are defined under federal, state or local environmental laws and regulations (collectively, "Hazardous Substances"). Statewide has no duty to remove any Hazardous Substances that are contained in or are a part of the Property. -This Agreement is made pursuant to, and shall be governed by, the laws of the State of Utah. -This Agreement shall be construed as a whole in accordance with its fair meaning and in accordance with governing law. This Agreement has been negotiated by each of the Parties (or their respective counsel), and the language of this Agreement shall not be construed for or against any particular party. The headings to the sections of this Agreement are solely for the convenience of the Parties, and shall not be used to explain, modify, simplify, or aid in the interpretation of the provisions of this Agreement. -This Agreement has been carefully read by the Parties and has been reviewed by the Parties' respective legal counsel (or, if not represented, such Parties had the opportunity to engage counsel to review this Agreement); the contents hereof are known and understood by the Parties; and each of the Parties acknowledges that such Party is under no duress or undue influence and that each of the Parties executes this Agreement as its own free and voluntary act. -This Agreement shall constitute the entire agreement and understanding of and between the Parties in relation to matters described herein, and no statements, representations, inducements, or promises other than as expressly set forth herein have been given or received by any of the Parties (nor by their respective agents, employees, attorneys, or representatives) in return for the same. All negotiations, oral conversations, statements, representations, and/or agreements prior to the execution of this Agreement are merged herewith and shall not be the basis for any legal rights, claims, or defenses in relation to any litigation or otherwise. No parole or extrinsic evidence may be used to contradict any of the terms of this Agreement. Any amendment to this Agreement must be in writing, signed by duly authorized representatives of the Parties hereto, and specifically state the intent of the Parties to amend this Agreement. -To the extent that any portion of this Agreement is held unenforceable by a court, tribunal, or arbiter of competent jurisdiction, the remainder of this Agreement shall remain binding and enforceable, provided that the primary purposes of this Agreement are not frustrated.
Listing Information
This is a PUBLIC ONLINE, SELLER FINANCED AUCTION of (2) Huge Parcels of Real Property comprised of 316 Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah (11 Miles from Park City). The Primary Address for this Property is 3090 NORTH ROCKY ROAD, KAMAS, UTAH 84036 THE TOTAL SALE PRICE IS SET AT $7,500,000. The DOWN PAYMENT ONLY is to be Auctioned to the Highest Bidder with NO BUYER'S PREMIUMS. THE BIDDER WITH THE HIGHEST DOWN PAYMENT IS SUBJECT TO THE FULL PRICE OF $7,500,000 FOR THE PROPERTY. The Seller will carry the balance over 30 years at 7.5% interest with no balloon payment. Winning Bidder may escalate the Down Payment at auction close to maximize the highest discounted property price and interest at Winning Bidder's Discretion. Highest Bid on Down Payment is SUBJECT TO SELLER APPROVAL This Auction is being conducted under the directon of Seller by Statewide Auction Company and David A Brunet of Homie Broker, LLC No Bank Needed, No Prepayment Penalties. Priced under appraisal. BIDDING IN THIS AUCTION IS FOR THE DOWN PAYMENT ONLY (Principal and Interest Discounts Available as Down Payment Increases - see Tier Descriptions Below). The 'Buy It Now'; Cash Price with no Seller Financing is $6,500,000 and will cancel the auction. Seller reserves the right to rescind this offer at any time for any reason... Remarkable Park City area property backed by thousands of acres of national forest. This property is high fenced (75% completed) and qualifies for Elk, Bison, or other Domestic Herds. The property is a total of 326 acres. The seller is keeping 10 acres including 1 (the lower one) of the container buildings. Approximately 30 acres are outside of high fence. A subdivision was planned to be built outside of high fenced area, as well as a campground before the publicly accessible portion of the forest entry. There was also a plan to build 10 cabins and an RV park, along with a zip line inside the high fenced area for elk tour and zipline adventures. This property has tremendous potential. The seller will pass all information regarding engineering and permitting upon closing if the buyer desires to seek permitting for any of the previous plans. 13 bedrooms, 6.5 bathrooms, inclusive of house, mobile home, and entertainment barn. Barn includes movie theater, game room, casino room, digital dance floor, etc. Property comes with a plow truck. The property has an underground bunker with a surface storage building consisting of 8 containers total, plus other structures. The property can run off grid. Solar generates approximately 2k a month into the power grid if not used. There is a monstrous low hour generator tied in which was a backup for a hospital, so power is not an issue. The generator is full of 1000 gallons of diesel fuel and runs excellently - has not been needed since relocating to the property. The property has two, 1k gallon underground propane tanks. There is no water bill, just a $150 annual fee for the spring water usage. There is a stream running through the property. The property comes with 600 shares of Marion Waterworks water via certificate and 48.5 shares of Smith and Morehouse water via certificate. Upon Seller Approval of Highest Bidder on Down Payment, a Real Estate Purchase Contract ("REPC") is to be provided by and executed with David A. Brunet of Homie Broker, LLC. Closing is to be scheduled with the title company within 14 Business Days after the close of auction bidding. Buyer and seller to split closing costs unless the down payment bid is over $1M, at which point; the Seller will pay all closing costs. Estimated Closing Costs: Owners Policy: $14,066.00 Settlement Fee: $370 Lenders Policy: $7,337.00 Owner selling due to health and other reasons. Property Price and Seller Finance Interest Rate will reduce in 3 Tiers according to each $100k bid on DOWN PAYMENT TIER 1 $1-$500,000 bid on DOWN PAYMENT activates a discount of .001 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00), up to 500k bid on DOWN PAYMENT. 500k bid on DOWN PAYMENT would close price at $7,462,500 (-$7,500 per 100k bid on DOWN PAYMENT) with an APR of 7.4625% (-.0075% per 100k bid on DOWN PAYMENT) or will lock discount and add it to tier 2 discount. Tiers are only retro-active to prior tier. TIER 2 $501k-$1 mil bid on DOWN PAYMENT activates tier 2 discount of .002 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00) over 500k up to 1 mil. 1 mil bid on DOWN PAYMENT would close price at $7,387,500.00 and an APR of 7.3875% (-.015 per 100k bid on DOWN PAYMENT from 501k to 1 mil) which includes tier 1 and 2 discounts or will add to tier 3 discounts. Tiers are only retro-active to prior tier. TIER 3 $1,001,000.00 and higher will add .005 discounts per 100k from purchase price (-$37,500 purchase -APR .0375% per 100k bid on DOWN PAYMENT) calculated using 7.5 mil starting price. Discounts can accumulate down to a minimum purchase price of $6,500,000 with an APR of 6.5%. Tiers are only retro-active to prior tier. (Examples): $1,100,000.00 bid on DOWN PAYMENT=Purchase price of $7,350,000 APR=7.35% $1,200,000.00 bid on DOWN PAYMENT=Purchase price of $7,312,500 APR=7.3125% $1,300,000.00 bid on DOWN PAYMENT=Purchase price of $7,275,000 APR=7.275% $1,400,000.00 bid on DOWN PAYMENT=Purchase price of $7,237,500 APR=7.2375% $1,500,000.00 bid on DOWN PAYMENT=Purchase price of $7,200,000 APR=7.2% $1,600,000.00 bid on DOWN PAYMENT=Purchase price of $7,162,500 APR=7.1625% $1,700,000.00 bid on DOWN PAYMENT=Purchase price of $7,125,000 APR=7.125% $1,800,000.00 bid on DOWN PAYMENT=Purchase price of $7,087,500 APR=7.0875% $1,900,000.00 bid on DOWN PAYMENT=Purchase price of $7,050,000 APR=7.05% $2,000,000.00 bid on DOWN PAYMENT=Purchase price of $6,975,000 APR7.0125=% $2,100,000.00 bid on DOWN PAYMENT=Purchase price of $6,937,500 APR=6.975% $2,200,000.00 bid on DOWN PAYMENT=Purchase price of $6,900,000 APR=%6.9375 Discount against bid on DOWN PAYMENT continues to a minimum price of $6,500,000.00 (Buy it now and cancel auction price at $6,500,000.00 cash)

1
DOWN PAYMENT on 3090 N Rocky Rd, Kamas, Utah 84036
YOU ARE BIDDING ON THE DOWN PAYMENT ONLY - Price for Property is Set At $7,500,000 for (2) Huge Parcels of Real Property comprised of 316 Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah (11 Miles from Park City...

Photo Gallery

Save Listing As Favorite

Print Listing information

Share This Listing

  • Facebook
  • Email this Listing to a Friend






Other Sales by
This Company

Jun 16
Salt Lake City, UT



Sponsored Links

Kamas, Utah Real Property DOWN PAYMENT Auction

Statewide Auction Company

Statewide Auction Company


Contact:
Phone:
Sale Location
ONLINE AUCTION (No Onsite or Floor Bidding) Statewide Auction Company Address: 155 North 1000 West
Salt Lake City, UT 84116
Sale Dates and Times
Sale Terms and Conditions
By proceeding in the process of registering for this auction, Bidders acknowledge and accept the below description and terms: This is a PUBLIC ONLINE, SELLER FINANCED AUCTION of (2) Parcels of Real Property comprised of 316 Total Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah. The Primary Address for this Property is 3090 NORTH ROCKY ROAD, KAMAS, UTAH 84036 THE TOTAL SALE PRICE IS SET AT $7,500,000. THE AUCTION IS FOR THE DOWN PAYMENT ONLY and is to be Auctioned to the Highest Bidder with NO BUYER'S PREMIUMS. THE BIDDER WITH THE HIGHEST DOWN PAYMENT IS SUBJECT TO THE FULL PRICE OF $7,500,000 FOR THE PROPERTY. The Seller will carry the balance over 30 years at 7.5% interest with no balloon payment. Winning Bidder may escalate the Down Payment at auction close to maximize the highest discounted property price and interest at Winning Bidder's Discretion. Highest Bid on Down Payment is SUBJECT TO SELLER APPROVAL This Auction is being conducted under the directon of Seller by Statewide Auction Company and David A Brunet of Homie Broker, LLC Principal and Interest Discounts Available as Down Payment Increases - (See Tier Descriptions Below). The 'Buy It Now'; Cash Price with no Seller Financing is $6,500,000 and will cancel the auction. Seller reserves the right to rescind this offer at any time for any reason Property Price and Seller Finance Interest Rate will reduce in 3 Tiers according to each $100k bid on DOWN PAYMENT TIER 1 $1-$500,000 bid on DOWN PAYMENT activates a discount of .001 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00), up to 500k bid on DOWN PAYMENT. 500k bid on DOWN PAYMENT would close price at $7,462,500 (-$7,500 per 100k bid on DOWN PAYMENT) with an APR of 7.4625% (-.0075% per 100k bid on DOWN PAYMENT) or will lock discount and add it to tier 2 discount. Tiers are only retro-active to prior tier. TIER 2 $501k-$1 mil bid on DOWN PAYMENT activates tier 2 discount of .002 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00) over 500k up to 1 mil. 1 mil bid on DOWN PAYMENT would close price at $7,387,500.00 and an APR of 7.3875% (-.015 per 100k bid on DOWN PAYMENT from 501k to 1 mil) which includes tier 1 and 2 discounts or will add to tier 3 discounts. Tiers are only retro-active to prior tier. TIER 3 $1,001,000.00 and higher will add .005 discounts per 100k from purchase price (-$37,500 purchase -APR .0375% per 100k bid on DOWN PAYMENT) calculated using 7.5 mil starting price. Discounts can accumulate down to a minimum purchase price of $6,500,000 with an APR of 6.5%. Tiers are only retro-active to prior tier. (Examples): $1,100,000.00 bid on DOWN PAYMENT=Purchase price of $7,350,000 APR=7.35% $1,200,000.00 bid on DOWN PAYMENT=Purchase price of $7,312,500 APR=7.3125% $1,300,000.00 bid on DOWN PAYMENT=Purchase price of $7,275,000 APR=7.275% $1,400,000.00 bid on DOWN PAYMENT=Purchase price of $7,237,500 APR=7.2375% $1,500,000.00 bid on DOWN PAYMENT=Purchase price of $7,200,000 APR=7.2% $1,600,000.00 bid on DOWN PAYMENT=Purchase price of $7,162,500 APR=7.1625% $1,700,000.00 bid on DOWN PAYMENT=Purchase price of $7,125,000 APR=7.125% $1,800,000.00 bid on DOWN PAYMENT=Purchase price of $7,087,500 APR=7.0875% $1,900,000.00 bid on DOWN PAYMENT=Purchase price of $7,050,000 APR=7.05% $2,000,000.00 bid on DOWN PAYMENT=Purchase price of $6,975,000 APR7.0125=% $2,100,000.00 bid on DOWN PAYMENT=Purchase price of $6,937,500 APR=6.975% $2,200,000.00 bid on DOWN PAYMENT=Purchase price of $6,900,000 APR=%6.9375 Discount against bid on DOWN PAYMENT continues to a minimum price of $6,500,000.00 (Buy it now and cancel auction price at $6,500,000.00 cash) The Highest Bidder is to schedule closing with the title company within 14 Business Days after the close of auction bidding. Buyer and seller to split closing costs unless the down payment bid is over $1M, at which point; the Seller will pay all closing costs. Estimated Closing Costs: Owners Policy: $14,066.00 Settlement Fee: $370 Lenders Policy: $7,337.00 Only "Qualified Bidders" may be bidders in this Auction. To be a Qualified Bidder, the Bidder must provide a valid credit card number and information to Statewide. The Bidder represents and warrants as follows: - The contact information provided by the Bidder above is true and correct; - The Bidder has provided the Credit Card Information to Statewide; - The Bidder has the ability to perform at the Auction and will not make any bid for the Down Payment that is greater than the amount the Bidder has the ability to pay in cash within 14 Business Days of the close of the Auction Bidding; - The Bidder understands that the Property is being sold "AS IS WHERE IS" with no representations or warranties of any kind, and Bidder has done any and all due diligence Bidder has deemed necessary related to the Property prior to the Auction. - The Bidder with the highest bid for the Down Payment for the Property and shall be registered as the "Successful Bid", which Bid shall be irrevocable. - Successful Bidder agrees to defend and indemnify Statewide, and its agents, attorneys and employees, from and against any claim, demand, cause of action, liability or expense (including reasonable attorneys' fees and costs) asserted against Statewide in connection with the ownership or use of the Property after Closing of this Agreement. -Every person enters the Property at his or her own risk with notice of the condition of the Property and the activities that will be or have been conducted on the Property. Buyer shall so advise its agents and employees. No person shall have any claim against Statewide, or Statewide's agents, attorneys, or employees, for any injuries sustained or for damages that may occur at the Property. It is Buyer's sole responsibility to meet all governmental safety and environmental standards in using the Property. Certain portions of the Property may contain "hazardous substances," "hazardous wastes," "hazardous materials," or "oil" as those terms are defined under federal, state or local environmental laws and regulations (collectively, "Hazardous Substances"). Statewide has no duty to remove any Hazardous Substances that are contained in or are a part of the Property. -This Agreement is made pursuant to, and shall be governed by, the laws of the State of Utah. -This Agreement shall be construed as a whole in accordance with its fair meaning and in accordance with governing law. This Agreement has been negotiated by each of the Parties (or their respective counsel), and the language of this Agreement shall not be construed for or against any particular party. The headings to the sections of this Agreement are solely for the convenience of the Parties, and shall not be used to explain, modify, simplify, or aid in the interpretation of the provisions of this Agreement. -This Agreement has been carefully read by the Parties and has been reviewed by the Parties' respective legal counsel (or, if not represented, such Parties had the opportunity to engage counsel to review this Agreement); the contents hereof are known and understood by the Parties; and each of the Parties acknowledges that such Party is under no duress or undue influence and that each of the Parties executes this Agreement as its own free and voluntary act. -This Agreement shall constitute the entire agreement and understanding of and between the Parties in relation to matters described herein, and no statements, representations, inducements, or promises other than as expressly set forth herein have been given or received by any of the Parties (nor by their respective agents, employees, attorneys, or representatives) in return for the same. All negotiations, oral conversations, statements, representations, and/or agreements prior to the execution of this Agreement are merged herewith and shall not be the basis for any legal rights, claims, or defenses in relation to any litigation or otherwise. No parole or extrinsic evidence may be used to contradict any of the terms of this Agreement. Any amendment to this Agreement must be in writing, signed by duly authorized representatives of the Parties hereto, and specifically state the intent of the Parties to amend this Agreement. -To the extent that any portion of this Agreement is held unenforceable by a court, tribunal, or arbiter of competent jurisdiction, the remainder of this Agreement shall remain binding and enforceable, provided that the primary purposes of this Agreement are not frustrated.
Listing Details
This is a PUBLIC ONLINE, SELLER FINANCED AUCTION of (2) Huge Parcels of Real Property comprised of 316 Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah (11 Miles from Park City). The Primary Address for this Property is 3090 NORTH ROCKY ROAD, KAMAS, UTAH 84036 THE TOTAL SALE PRICE IS SET AT $7,500,000. The DOWN PAYMENT ONLY is to be Auctioned to the Highest Bidder with NO BUYER'S PREMIUMS. THE BIDDER WITH THE HIGHEST DOWN PAYMENT IS SUBJECT TO THE FULL PRICE OF $7,500,000 FOR THE PROPERTY. The Seller will carry the balance over 30 years at 7.5% interest with no balloon payment. Winning Bidder may escalate the Down Payment at auction close to maximize the highest discounted property price and interest at Winning Bidder's Discretion. Highest Bid on Down Payment is SUBJECT TO SELLER APPROVAL This Auction is being conducted under the directon of Seller by Statewide Auction Company and David A Brunet of Homie Broker, LLC No Bank Needed, No Prepayment Penalties. Priced under appraisal. BIDDING IN THIS AUCTION IS FOR THE DOWN PAYMENT ONLY (Principal and Interest Discounts Available as Down Payment Increases - see Tier Descriptions Below). The 'Buy It Now'; Cash Price with no Seller Financing is $6,500,000 and will cancel the auction. Seller reserves the right to rescind this offer at any time for any reason... Remarkable Park City area property backed by thousands of acres of national forest. This property is high fenced (75% completed) and qualifies for Elk, Bison, or other Domestic Herds. The property is a total of 326 acres. The seller is keeping 10 acres including 1 (the lower one) of the container buildings. Approximately 30 acres are outside of high fence. A subdivision was planned to be built outside of high fenced area, as well as a campground before the publicly accessible portion of the forest entry. There was also a plan to build 10 cabins and an RV park, along with a zip line inside the high fenced area for elk tour and zipline adventures. This property has tremendous potential. The seller will pass all information regarding engineering and permitting upon closing if the buyer desires to seek permitting for any of the previous plans. 13 bedrooms, 6.5 bathrooms, inclusive of house, mobile home, and entertainment barn. Barn includes movie theater, game room, casino room, digital dance floor, etc. Property comes with a plow truck. The property has an underground bunker with a surface storage building consisting of 8 containers total, plus other structures. The property can run off grid. Solar generates approximately 2k a month into the power grid if not used. There is a monstrous low hour generator tied in which was a backup for a hospital, so power is not an issue. The generator is full of 1000 gallons of diesel fuel and runs excellently - has not been needed since relocating to the property. The property has two, 1k gallon underground propane tanks. There is no water bill, just a $150 annual fee for the spring water usage. There is a stream running through the property. The property comes with 600 shares of Marion Waterworks water via certificate and 48.5 shares of Smith and Morehouse water via certificate. Upon Seller Approval of Highest Bidder on Down Payment, a Real Estate Purchase Contract ("REPC") is to be provided by and executed with David A. Brunet of Homie Broker, LLC. Closing is to be scheduled with the title company within 14 Business Days after the close of auction bidding. Buyer and seller to split closing costs unless the down payment bid is over $1M, at which point; the Seller will pay all closing costs. Estimated Closing Costs: Owners Policy: $14,066.00 Settlement Fee: $370 Lenders Policy: $7,337.00 Owner selling due to health and other reasons. Property Price and Seller Finance Interest Rate will reduce in 3 Tiers according to each $100k bid on DOWN PAYMENT TIER 1 $1-$500,000 bid on DOWN PAYMENT activates a discount of .001 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00), up to 500k bid on DOWN PAYMENT. 500k bid on DOWN PAYMENT would close price at $7,462,500 (-$7,500 per 100k bid on DOWN PAYMENT) with an APR of 7.4625% (-.0075% per 100k bid on DOWN PAYMENT) or will lock discount and add it to tier 2 discount. Tiers are only retro-active to prior tier. TIER 2 $501k-$1 mil bid on DOWN PAYMENT activates tier 2 discount of .002 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00) over 500k up to 1 mil. 1 mil bid on DOWN PAYMENT would close price at $7,387,500.00 and an APR of 7.3875% (-.015 per 100k bid on DOWN PAYMENT from 501k to 1 mil) which includes tier 1 and 2 discounts or will add to tier 3 discounts. Tiers are only retro-active to prior tier. TIER 3 $1,001,000.00 and higher will add .005 discounts per 100k from purchase price (-$37,500 purchase -APR .0375% per 100k bid on DOWN PAYMENT) calculated using 7.5 mil starting price. Discounts can accumulate down to a minimum purchase price of $6,500,000 with an APR of 6.5%. Tiers are only retro-active to prior tier. (Examples): $1,100,000.00 bid on DOWN PAYMENT=Purchase price of $7,350,000 APR=7.35% $1,200,000.00 bid on DOWN PAYMENT=Purchase price of $7,312,500 APR=7.3125% $1,300,000.00 bid on DOWN PAYMENT=Purchase price of $7,275,000 APR=7.275% $1,400,000.00 bid on DOWN PAYMENT=Purchase price of $7,237,500 APR=7.2375% $1,500,000.00 bid on DOWN PAYMENT=Purchase price of $7,200,000 APR=7.2% $1,600,000.00 bid on DOWN PAYMENT=Purchase price of $7,162,500 APR=7.1625% $1,700,000.00 bid on DOWN PAYMENT=Purchase price of $7,125,000 APR=7.125% $1,800,000.00 bid on DOWN PAYMENT=Purchase price of $7,087,500 APR=7.0875% $1,900,000.00 bid on DOWN PAYMENT=Purchase price of $7,050,000 APR=7.05% $2,000,000.00 bid on DOWN PAYMENT=Purchase price of $6,975,000 APR7.0125=% $2,100,000.00 bid on DOWN PAYMENT=Purchase price of $6,937,500 APR=6.975% $2,200,000.00 bid on DOWN PAYMENT=Purchase price of $6,900,000 APR=%6.9375 Discount against bid on DOWN PAYMENT continues to a minimum price of $6,500,000.00 (Buy it now and cancel auction price at $6,500,000.00 cash)

1
DOWN PAYMENT on 3090 N Rocky Rd, Kamas, Utah 84036
YOU ARE BIDDING ON THE DOWN PAYMENT ONLY - Price for Property is Set At $7,500,000 for (2) Huge Parcels of Real Property comprised of 316 Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah (11 Miles from Park City...

Gallery Images Loading, Please Wait...
  • Home
  • Hire an Auction Company
  • Add Your Auction Company
  • Member Login
  • Contact Us
  • Desktop Site
Return
Kamas, Utah Real Property DOWN PAYMENT Auction
 Online Only Auction
Auction Date(s)
Bidding Starts: Wednesday Apr 16
Bidding Ends: Thursday May 15
Auction Location

Salt Lake City, UT 84116
Company
Statewide Auction Company

Website: www.statewideauctionco.com

Listing Terms and Conditions
By proceeding in the process of registering for this auction, Bidders acknowledge and accept the below description and terms: This is a PUBLIC ONLINE, SELLER FINANCED AUCTION of (2) Parcels of Real Property comprised of 316 Total Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah. The Primary Address for this Property is 3090 NORTH ROCKY ROAD, KAMAS, UTAH 84036 THE TOTAL SALE PRICE IS SET AT $7,500,000. THE AUCTION IS FOR THE DOWN PAYMENT ONLY and is to be Auctioned to the Highest Bidder with NO BUYER'S PREMIUMS. THE BIDDER WITH THE HIGHEST DOWN PAYMENT IS SUBJECT TO THE FULL PRICE OF $7,500,000 FOR THE PROPERTY. The Seller will carry the balance over 30 years at 7.5% interest with no balloon payment. Winning Bidder may escalate the Down Payment at auction close to maximize the highest discounted property price and interest at Winning Bidder's Discretion. Highest Bid on Down Payment is SUBJECT TO SELLER APPROVAL This Auction is being conducted under the directon of Seller by Statewide Auction Company and David A Brunet of Homie Broker, LLC Principal and Interest Discounts Available as Down Payment Increases - (See Tier Descriptions Below). The 'Buy It Now'; Cash Price with no Seller Financing is $6,500,000 and will cancel the auction. Seller reserves the right to rescind this offer at any time for any reason Property Price and Seller Finance Interest Rate will reduce in 3 Tiers according to each $100k bid on DOWN PAYMENT TIER 1 $1-$500,000 bid on DOWN PAYMENT activates a discount of .001 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00), up to 500k bid on DOWN PAYMENT. 500k bid on DOWN PAYMENT would close price at $7,462,500 (-$7,500 per 100k bid on DOWN PAYMENT) with an APR of 7.4625% (-.0075% per 100k bid on DOWN PAYMENT) or will lock discount and add it to tier 2 discount. Tiers are only retro-active to prior tier. TIER 2 $501k-$1 mil bid on DOWN PAYMENT activates tier 2 discount of .002 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00) over 500k up to 1 mil. 1 mil bid on DOWN PAYMENT would close price at $7,387,500.00 and an APR of 7.3875% (-.015 per 100k bid on DOWN PAYMENT from 501k to 1 mil) which includes tier 1 and 2 discounts or will add to tier 3 discounts. Tiers are only retro-active to prior tier. TIER 3 $1,001,000.00 and higher will add .005 discounts per 100k from purchase price (-$37,500 purchase -APR .0375% per 100k bid on DOWN PAYMENT) calculated using 7.5 mil starting price. Discounts can accumulate down to a minimum purchase price of $6,500,000 with an APR of 6.5%. Tiers are only retro-active to prior tier. (Examples): $1,100,000.00 bid on DOWN PAYMENT=Purchase price of $7,350,000 APR=7.35% $1,200,000.00 bid on DOWN PAYMENT=Purchase price of $7,312,500 APR=7.3125% $1,300,000.00 bid on DOWN PAYMENT=Purchase price of $7,275,000 APR=7.275% $1,400,000.00 bid on DOWN PAYMENT=Purchase price of $7,237,500 APR=7.2375% $1,500,000.00 bid on DOWN PAYMENT=Purchase price of $7,200,000 APR=7.2% $1,600,000.00 bid on DOWN PAYMENT=Purchase price of $7,162,500 APR=7.1625% $1,700,000.00 bid on DOWN PAYMENT=Purchase price of $7,125,000 APR=7.125% $1,800,000.00 bid on DOWN PAYMENT=Purchase price of $7,087,500 APR=7.0875% $1,900,000.00 bid on DOWN PAYMENT=Purchase price of $7,050,000 APR=7.05% $2,000,000.00 bid on DOWN PAYMENT=Purchase price of $6,975,000 APR7.0125=% $2,100,000.00 bid on DOWN PAYMENT=Purchase price of $6,937,500 APR=6.975% $2,200,000.00 bid on DOWN PAYMENT=Purchase price of $6,900,000 APR=%6.9375 Discount against bid on DOWN PAYMENT continues to a minimum price of $6,500,000.00 (Buy it now and cancel auction price at $6,500,000.00 cash) The Highest Bidder is to schedule closing with the title company within 14 Business Days after the close of auction bidding. Buyer and seller to split closing costs unless the down payment bid is over $1M, at which point; the Seller will pay all closing costs. Estimated Closing Costs: Owners Policy: $14,066.00 Settlement Fee: $370 Lenders Policy: $7,337.00 Only "Qualified Bidders" may be bidders in this Auction. To be a Qualified Bidder, the Bidder must provide a valid credit card number and information to Statewide. The Bidder represents and warrants as follows: - The contact information provided by the Bidder above is true and correct; - The Bidder has provided the Credit Card Information to Statewide; - The Bidder has the ability to perform at the Auction and will not make any bid for the Down Payment that is greater than the amount the Bidder has the ability to pay in cash within 14 Business Days of the close of the Auction Bidding; - The Bidder understands that the Property is being sold "AS IS WHERE IS" with no representations or warranties of any kind, and Bidder has done any and all due diligence Bidder has deemed necessary related to the Property prior to the Auction. - The Bidder with the highest bid for the Down Payment for the Property and shall be registered as the "Successful Bid", which Bid shall be irrevocable. - Successful Bidder agrees to defend and indemnify Statewide, and its agents, attorneys and employees, from and against any claim, demand, cause of action, liability or expense (including reasonable attorneys' fees and costs) asserted against Statewide in connection with the ownership or use of the Property after Closing of this Agreement. -Every person enters the Property at his or her own risk with notice of the condition of the Property and the activities that will be or have been conducted on the Property. Buyer shall so advise its agents and employees. No person shall have any claim against Statewide, or Statewide's agents, attorneys, or employees, for any injuries sustained or for damages that may occur at the Property. It is Buyer's sole responsibility to meet all governmental safety and environmental standards in using the Property. Certain portions of the Property may contain "hazardous substances," "hazardous wastes," "hazardous materials," or "oil" as those terms are defined under federal, state or local environmental laws and regulations (collectively, "Hazardous Substances"). Statewide has no duty to remove any Hazardous Substances that are contained in or are a part of the Property. -This Agreement is made pursuant to, and shall be governed by, the laws of the State of Utah. -This Agreement shall be construed as a whole in accordance with its fair meaning and in accordance with governing law. This Agreement has been negotiated by each of the Parties (or their respective counsel), and the language of this Agreement shall not be construed for or against any particular party. The headings to the sections of this Agreement are solely for the convenience of the Parties, and shall not be used to explain, modify, simplify, or aid in the interpretation of the provisions of this Agreement. -This Agreement has been carefully read by the Parties and has been reviewed by the Parties' respective legal counsel (or, if not represented, such Parties had the opportunity to engage counsel to review this Agreement); the contents hereof are known and understood by the Parties; and each of the Parties acknowledges that such Party is under no duress or undue influence and that each of the Parties executes this Agreement as its own free and voluntary act. -This Agreement shall constitute the entire agreement and understanding of and between the Parties in relation to matters described herein, and no statements, representations, inducements, or promises other than as expressly set forth herein have been given or received by any of the Parties (nor by their respective agents, employees, attorneys, or representatives) in return for the same. All negotiations, oral conversations, statements, representations, and/or agreements prior to the execution of this Agreement are merged herewith and shall not be the basis for any legal rights, claims, or defenses in relation to any litigation or otherwise. No parole or extrinsic evidence may be used to contradict any of the terms of this Agreement. Any amendment to this Agreement must be in writing, signed by duly authorized representatives of the Parties hereto, and specifically state the intent of the Parties to amend this Agreement. -To the extent that any portion of this Agreement is held unenforceable by a court, tribunal, or arbiter of competent jurisdiction, the remainder of this Agreement shall remain binding and enforceable, provided that the primary purposes of this Agreement are not frustrated.
This is a PUBLIC ONLINE, SELLER FINANCED AUCTION of (2) Huge Parcels of Real Property comprised of 316 Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah (11 Miles from Park City). The Primary Address for this Property is 3090 NORTH ROCKY ROAD, KAMAS, UTAH 84036 THE TOTAL SALE PRICE IS SET AT $7,500,000. The DOWN PAYMENT ONLY is to be Auctioned to the Highest Bidder with NO BUYER'S PREMIUMS. THE BIDDER WITH THE HIGHEST DOWN PAYMENT IS SUBJECT TO THE FULL PRICE OF $7,500,000 FOR THE PROPERTY. The Seller will carry the balance over 30 years at 7.5% interest with no balloon payment. Winning Bidder may escalate the Down Payment at auction close to maximize the highest discounted property price and interest at Winning Bidder's Discretion. Highest Bid on Down Payment is SUBJECT TO SELLER APPROVAL This Auction is being conducted under the directon of Seller by Statewide Auction Company and David A Brunet of Homie Broker, LLC No Bank Needed, No Prepayment Penalties. Priced under appraisal. BIDDING IN THIS AUCTION IS FOR THE DOWN PAYMENT ONLY (Principal and Interest Discounts Available as Down Payment Increases - see Tier Descriptions Below). The 'Buy It Now'; Cash Price with no Seller Financing is $6,500,000 and will cancel the auction. Seller reserves the right to rescind this offer at any time for any reason... Remarkable Park City area property backed by thousands of acres of national forest. This property is high fenced (75% completed) and qualifies for Elk, Bison, or other Domestic Herds. The property is a total of 326 acres. The seller is keeping 10 acres including 1 (the lower one) of the container buildings. Approximately 30 acres are outside of high fence. A subdivision was planned to be built outside of high fenced area, as well as a campground before the publicly accessible portion of the forest entry. There was also a plan to build 10 cabins and an RV park, along with a zip line inside the high fenced area for elk tour and zipline adventures. This property has tremendous potential. The seller will pass all information regarding engineering and permitting upon closing if the buyer desires to seek permitting for any of the previous plans. 13 bedrooms, 6.5 bathrooms, inclusive of house, mobile home, and entertainment barn. Barn includes movie theater, game room, casino room, digital dance floor, etc. Property comes with a plow truck. The property has an underground bunker with a surface storage building consisting of 8 containers total, plus other structures. The property can run off grid. Solar generates approximately 2k a month into the power grid if not used. There is a monstrous low hour generator tied in which was a backup for a hospital, so power is not an issue. The generator is full of 1000 gallons of diesel fuel and runs excellently - has not been needed since relocating to the property. The property has two, 1k gallon underground propane tanks. There is no water bill, just a $150 annual fee for the spring water usage. There is a stream running through the property. The property comes with 600 shares of Marion Waterworks water via certificate and 48.5 shares of Smith and Morehouse water via certificate. Upon Seller Approval of Highest Bidder on Down Payment, a Real Estate Purchase Contract ("REPC") is to be provided by and executed with David A. Brunet of Homie Broker, LLC. Closing is to be scheduled with the title company within 14 Business Days after the close of auction bidding. Buyer and seller to split closing costs unless the down payment bid is over $1M, at which point; the Seller will pay all closing costs. Estimated Closing Costs: Owners Policy: $14,066.00 Settlement Fee: $370 Lenders Policy: $7,337.00 Owner selling due to health and other reasons. Property Price and Seller Finance Interest Rate will reduce in 3 Tiers according to each $100k bid on DOWN PAYMENT TIER 1 $1-$500,000 bid on DOWN PAYMENT activates a discount of .001 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00), up to 500k bid on DOWN PAYMENT. 500k bid on DOWN PAYMENT would close price at $7,462,500 (-$7,500 per 100k bid on DOWN PAYMENT) with an APR of 7.4625% (-.0075% per 100k bid on DOWN PAYMENT) or will lock discount and add it to tier 2 discount. Tiers are only retro-active to prior tier. TIER 2 $501k-$1 mil bid on DOWN PAYMENT activates tier 2 discount of .002 per 100k bid on DOWN PAYMENT (against purchase price of $7,500,000.00) over 500k up to 1 mil. 1 mil bid on DOWN PAYMENT would close price at $7,387,500.00 and an APR of 7.3875% (-.015 per 100k bid on DOWN PAYMENT from 501k to 1 mil) which includes tier 1 and 2 discounts or will add to tier 3 discounts. Tiers are only retro-active to prior tier. TIER 3 $1,001,000.00 and higher will add .005 discounts per 100k from purchase price (-$37,500 purchase -APR .0375% per 100k bid on DOWN PAYMENT) calculated using 7.5 mil starting price. Discounts can accumulate down to a minimum purchase price of $6,500,000 with an APR of 6.5%. Tiers are only retro-active to prior tier. (Examples): $1,100,000.00 bid on DOWN PAYMENT=Purchase price of $7,350,000 APR=7.35% $1,200,000.00 bid on DOWN PAYMENT=Purchase price of $7,312,500 APR=7.3125% $1,300,000.00 bid on DOWN PAYMENT=Purchase price of $7,275,000 APR=7.275% $1,400,000.00 bid on DOWN PAYMENT=Purchase price of $7,237,500 APR=7.2375% $1,500,000.00 bid on DOWN PAYMENT=Purchase price of $7,200,000 APR=7.2% $1,600,000.00 bid on DOWN PAYMENT=Purchase price of $7,162,500 APR=7.1625% $1,700,000.00 bid on DOWN PAYMENT=Purchase price of $7,125,000 APR=7.125% $1,800,000.00 bid on DOWN PAYMENT=Purchase price of $7,087,500 APR=7.0875% $1,900,000.00 bid on DOWN PAYMENT=Purchase price of $7,050,000 APR=7.05% $2,000,000.00 bid on DOWN PAYMENT=Purchase price of $6,975,000 APR7.0125=% $2,100,000.00 bid on DOWN PAYMENT=Purchase price of $6,937,500 APR=6.975% $2,200,000.00 bid on DOWN PAYMENT=Purchase price of $6,900,000 APR=%6.9375 Discount against bid on DOWN PAYMENT continues to a minimum price of $6,500,000.00 (Buy it now and cancel auction price at $6,500,000.00 cash)

1
DOWN PAYMENT on 3090 N Rocky Rd, Kamas, Utah 84036
YOU ARE BIDDING ON THE DOWN PAYMENT ONLY - Price for Property is Set At $7,500,000 for (2) Huge Parcels of Real Property comprised of 316 Acres, House, Barn, Underground Bunker, Mobile Home, Water Shares & More in Kamas, Utah (11 Miles from Park City...