Legal Notice STATE OF IDAHO LAND SALES PUBLIC AUCTION SALE Auctions with Published Reserve

Transcription

1 Legal Notice STATE OF IDAHO LAND SALES PUBLIC AUCTION SALE Auctions with Published Reserve Pursuant to Idaho Code , notice is hereby given that the State of Idaho, Department of Lands (hereinafter IDL ), will conduct a public auction for multiple real property parcels pursuant to Article IX of the Idaho Constitution. This will be an auction for a fee simple interest in fifty (50) separate parcels of land with reserve ( VAFO ). IDL has retained Corbett Bottles Real Estate Marketing, LLC, to conduct this auction. Auction activities will begin at 3:00 PM on August 24 th, 2018 and 10:00 am on August 25th, at the Coeur d Alene Resort, 115 S. 2 nd St. Coeur d Alene, ID for each of the following described parcels of real property situated in Bonner County, Idaho, to wit: Street Address, Legal Description, Reserve amount for land ( RES ), Appraised Personal Property ( APP ): Bear Creek Subdivision Upper Bear Creek Bay Road, Coolin, ID Lot 8, Block 1 of State Subdivision - Bear Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 168, records of Bonner RES $360,000 APP $260, Upper Bear Creek Bay Road, Coolin, ID Lot 7, Block 1 of State Subdivision - Bear Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 168, records of Bonner Res $416,000 APP $371,000 Camp Cudge Landing Subdivision N Camp Cudge Road, Coolin, ID Lot 7, Block 1, State Subdivision - Camp Cudge Landing, according to the plat thereof, recorded in Book 10 of Plats, Page 155, records of Bonner Res $458,000 APP $67, N Camp Cudge Road, Coolin, ID Lot 3 in Block 1 of State Subdivision - Camp Cudge Landing, according to the plat thereof, recorded in Book 10 of Plats, Page 155 as Instrument No , records of Bonner RES $497,000 APP $308,000 Cougar Creek Subdivision E Cavanaugh Bay Road, Coolin, ID Lot 14, Block 1 of State Subdivision - Cougar Creek, according to the plat thereof, recorded in Book 10 RES $444,000 APP $36, E Cavanaugh Bay Road, Coolin, ID Lot 16, Block 1 of State Subdivision - Cougar Creek, according to the plat thereof, recorded in Book 10 Res $537,000 APP $356, E Cavanaugh Bay Road, Coolin, ID Lot 12, Block 1 of State Subdivision - Cougar Creek, according to the plat thereof, recorded in Book 10 RES $456,000 APP $100, E Cavanaugh Bay Road, Coolin, ID Lot 5, Block 1 of State Subdivision - Cougar Creek, according to the plat thereof, recorded in Book 10 RES $495,000 APP $235, E Cavanaugh Bay Road, Coolin, ID Lot 1, Block 1 of State Subdivision - Cougar Creek, according to the plat thereof, recorded in Book 10 RES $476,000 APP $194,000 Hidden Cove Subdivision Hidden Cove Road, Coolin, ID 83821

2 Lot 2, Block 1 of State Subdivision - Hidden Cove, according to the plat thereof, recorded in Book 10 of Plats, page 167, records of Bonner RES $605,000 APP $800, Hidden Cove Road, Coolin, ID Lot 1, Block 1 of State Subdivision - Hidden Cove, according to the plat thereof, recorded in Book 10 of Plats page 167, records of Bonner RES $475,000 APP $75,000 Horton Creek Subdivision Eight Mile Road, Coolin, ID Lot 30, Block 1 and an undivided one-twelfth (1/12th) interest in Lot 3, Block 4 of State Subdivision - RES $580,000 APP $590, Eight Mile Road, Coolin, ID Lot 33, Block 1 and an undivided one-twelfth (1/12th) interest in Lot 3, Block 4 of State Subdivision - RES $585,000 APP $715, Eight Mile Road, Coolin, ID Lot 43, Block 1 and an undivided one-twelfth (1/12th) interest in Lot 3, Block 4 of State Subdivision - RES $551,000 APP $101, W Horton Creek Road, Coolin, ID Lot 25, Block 1 and an undivided one-eleventh (1/11th) interest in Lot 1, Block 4, State Subdivision - RES $492,000 APP $126, Two Creeks Road, Coolin, ID Lot 5, Block 1 and an undivided one-ninth (1/9th) interest in Lot 1, Block 2 of State Subdivision - Horton Creek, according to the plat thereof, recorded in Book 10 of Plats, page 151, records of Bonner County, Idaho. RES $421,000 APP $212,000 Hunt Creek Subdivision Cutthroat Road, Coolin, ID Lot 26 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a one-sixth interest in Drainfield Lot 1, Block 2 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner Res $413,000 APP $175, Bull Trout Road, Coolin, ID Lot 19 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a one-quarter interest in Drainfield Lot 17 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $377,000 APP $273, Bull Trout Road, Coolin, ID Lot 18 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a one-quarter interest in Drainfield Lot 17 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner. Res $469,000 APP $193, N Hunt Creek Road, Coolin, ID Lot 48 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/8 interest in

3 Drainfield Lot 47, in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $561,000 APP $194, S Mackinaw Road, Coolin, ID Lot 38 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a one-fourteenth interest in Drainfield Lot 1, Block 3 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $415,000 APP $108, N Hunt Creek Road, Coolin, ID Lot 50 in Block 1 of State Subdivision - Hunt Creek - according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/8 interest in Lot 47 in Block 1 of State Subdivision - Hunt Creek - according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $611,000 APP $84, S Hunt Creek Road, Coolin, ID Lot 59 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/9th interest in Drainfield Lot 1 in Block 5 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $352,000 APP $123, S Rosalia Bay Road, Coolin, ID Lot 13 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $530,000 APP $331, S Mackinaw Road, Coolin, ID Lot 40, Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/14th interest in Drainfield Lot No. 1 in Block 3 of State Subdivision - Hunt Creek - according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $393,000 APP $69, Ripple Way, Coolin, ID Lot 1 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/6 interest in Drainfield Lot 7 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $630,000 APP $255, Eastshore Road, Coolin, ID Lot 43 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/8 interest in Drainfield Lot 47 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $494,000 APP $263, N Mackinaw Road, Coolin, ID Lot 30 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner And a 1/14th interest in Drainfield Lot No. 1 in Block 3 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, as Instrument No , records of Bonner RES $424,000 APP $316, S Mackinaw Road, Coolin, ID Lot 33 in Block 1 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, records of Bonner And a 1/14 interest in Drainfield Lot 1 in Block 3 of State Subdivision - Hunt Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 159, records of Bonner RES $395,000 APP $1,220,000

4 Kokanee Point Subdivision Sherwood Beach Road, Coolin, ID Lot 11 in Block 1 of State Subdivision - Kokanee Point, according to the plat thereof, recorded in Book 10 of Plats, Page 177, as Instrument No , records of Bonner Res $349,000 APP $197,000 Pinto Point Subdivision Pinto Point Road, Coolin, ID Lot 37, Block 1 and an undivided 1/53rd interest in Lot 1, Block 2 of State Subdivision - Pinto Point, Res $546,604 APP $755, Pinto Point Road, Coolin, ID Lot 4, Block 1 and an undivided 1/53rd interest in Lot 1, Block 2 of State Subdivision - Pinto Point, RES $542,604 APP $132, Pinto Point Road, Coolin, ID Lot 30, Block 1 and an undivided 1/53rd interest in Lot 1, Block 2 of State Subdivision - Pinto Point, Res $419,604 APP $164, Pinto Point Road, Coolin, ID Lot 9, Block 1 and an undivided 1/53rd interest in Lot 1, Block 2 of State Subdivision - Pinto Point, Res $425,604 APP $260, Cape Horn Road, Coolin, ID Lot 49, Block 1 and an undivided 1/53rd interest in Lot 1, Block 2 of State Subdivision - Pinto Point, RES $637,604 APP $273, Cape Horn Road, Coolin, ID Lot 46, Block 1 and an undivided 1/53rd interest in Lot 1, Block 2 of State Subdivision - Pinto Point, RES $619,604 APP $182,000 Powerline Subdivision Cape Horn Road, Coolin, ID Lot 3, Block 2 of State Subdivision - Powerline, according to the plat thereof, recorded in Book 10 of Plats, Page 150, records of Bonner RES $382,000 APP $73, Cape Horn Road, Coolin, ID Lot 2, Block 5 of State Subdivision - Powerline, according to the plat thereof, recorded in Book 10 of Plats, Page 150, records of Bonner RES $610,000 APP $1,230, Janet Lane, Coolin, ID Lot 9, Block 3 of State Subdivision - Powerline, according to the plat thereof, recorded in Book 10 of Plats, Page 150, records of Bonner RES $521,000 APP $73,000 Tanglewood Point Rocky Point Road, Coolin, ID Lot 26, Block 1 of State Subdivision - Tanglewood Point, according to the plat thereof, recorded in Book 10 of Plats, Page 162, records of Bonner

5 Res $473,000 APP $118, Rocky Point Road, Coolin, ID Lot 24, Block 1 of State Subdivision - Tanglewood Point, according to the plat thereof, recorded in Book 10 of Plats, Page 162, records of Bonner RES $513,000 APP $319, S Rocky Point Road, Coolin, ID Lot 17, Block 1 of State Subdivision - Tanglewood Point, according to the plat thereof, recorded in Book 10 of Plats, Page 162, records of Bonner RES $491,000 APP $101, S Rocky Point Road, Coolin, ID Lot 14, Block 1 of State Subdivision - Tanglewood Point, according to the plat thereof, recorded in Book 10 of Plats, Page 162, records of Bonner RES $472,000 APP $363, S Rocky Point Road, Coolin, ID Lot 18, Block 1 of State Subdivision - Tanglewood Point, according to the plat thereof, recorded in Book 10 of Plats, Page 162, records of Bonner RES $446,000 APP $189,000 Two Mouth Creek State Cabin Road, Coolin, ID Lot 1, Block 1 of State Subdivision - Two Mouth Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 153, records of Bonner RES $629,000 APP $82, State Cabin Road, Coolin, ID Lot 10, Block 1 of State Subdivision - Two Mouth Creek, according to the plat thereof, recorded in Book 10 of Plats, Page 153, records of Bonner RES $586,000 APP $904,000 Woody s Point Powerline Road, Coolin, ID Lot 13 in Block 1 of State Subdivision - Woody's Point, according to the plat thereof, recorded in Book 10 of Plats, Page 154, as Instrument No , records of Bonner And Drainfield Lot 1 in Block 2 of State Subdivision - Woody's Point, according to the plat thereof, recorded in Book 10 of Plats, Page 154, as Instrument No , records of Bonner RES $515,000 APP $93, Powerline Road, Coolin, ID Lot 8 in Block 1 of State Subdivision - Woody's Point - according to the plat thereof, recorded in Book 10 of Plats, Page 154, as Instrument No , records of Bonner RES $539,000 APP $91, Cape Horn Road, Coolin, ID Lot 50 in Block 1 of State Subdivision - Woody's Point, according to the plat thereof, recorded in Book 10 of Plats, Page 154, as Instrument No , records of Bonner RES $554,000 APP $546, Char Lane, Coolin, ID Lot 21 in Block 1 of State Subdivision - Woody's Point, according to the plat thereof, recorded in Book 10 of Plats, Page 154, as Instrument No , records of Bonner RES $429,000 APP $56,000 Terms and Conditions: 1. The auction, for the land only, will be with a reserve amount as stated in the above list of properties. All bids are subject to acceptance by IDL at close of bidding. The winning bid accepted by IDL (the Successful Bid ) must equal or exceed the reserve amount. 2. All bidders at the auction must be citizens of the United States, eighteen (18) years of age or older, of sound mind, and legally competent to own and transfer real property in the State of Idaho. 3. The State of Idaho owns the land in fee simple and will transfer the fee simple estate in the land to the successful bidder. 4. Bids for each parcel are for the purchase of the land only, and do not include the personal property, generally perceived to be improvements and fixtures located on the land (the Personal Property ), which is owned by someone other than the State of Idaho.

6 5. The land shall be sold AS IS, subject to all existing easements or claims of easements, rights of way, protective covenants, encumbrances, zoning ordinances and applicable building codes, laws and regulations, encroachments, overlaps, boundary line disputes and all other matters, whether or not of record (collectively referred to as encumbrances ). IDL does not guarantee the accuracy of the encumbrances or acreage, if any, identified in the property description. 6. A bidder who is not the current lessee of the auctioned land shall be required to provide a bid deposit ( Bid Deposit ) in the amount of Fifty Thousand Dollars ($50,000) for an lot in the form of a cashier s check in order to bid. The Bid Deposit shall be paid at the close of auction and applied to the purchase of the land at the close of escrow. The Bid Deposit shall be nonrefundable in the event the successful bidder fails to close the Purchase and Sale Agreement ( PSA ). 7. The successful bidder ( Bidder ) shall be required to pay at the close of auction the sum listed for the Personal Property in the list of properties above, which sum is equal to the appraised or lesser agreed to value of the Personal Property ( Personal Property Value ), in accordance with Idaho Code In addition to the Bid Deposit and the Personal Property Value to be paid at the close of auction, Bidder shall pay the following auction costs at the close of auction: a) an administration fee in an amount equal to One Percent (1%) of the appraised value of the land; b) an appraisal fee for appraisal of the land in the amount of One Thousand Dollars ($1,000), and, c) a title deposit in the amount of Eight Hundred Dollars ($800). Additional costs and fees identified in the PSA, including an additional administration fee for non-lessees in the amount of Four Percent (4%) of the Successful Bid, and closing costs, shall be paid at close of escrow. 9. At the close of auction, Bidder shall execute a PSA with IDL, the form of which can be reviewed at CorbettBottles.com as set forth above. 10. The PSA shall include the purchase and sale of both the land and Personal Property. 11. A close of escrow date shall be established by IDL not sooner than thirty (30), but no more than sixty (60) days following the close of auction unless otherwise agreed upon in writing. 12. Upon close of escrow, if any, the owner of the Personal Property shall receive an amount equal to the Personal Property Value. 13. At close of escrow, after paying the balance due pursuant to the PSA, Bidder will receive a State Deed, without warranty, conveying title to the land, and a Bill of Sale transferring title to the Personal Property from the owner. The form of the State Deed and Bill of Sale may be reviewed at CorbettBottles.com. 14. If Bidder fails to pay all amounts due and owing as required at the close of the auction or by the PSA at close of escrow, then all amounts paid by Bidder at the time of auction or thereafter, including the Bid Deposit and the amount paid equal to the Personal Property Value, shall be forfeited to IDL without any further action required by IDL; the PSA shall be deemed terminated; and, IDL shall be entitled to place the land for re-auction immediately, or as IDL deems appropriate in its discretion. 15. IDL may cancel this auction at any time prior to IDL s acceptance of a final bid. Detailed information on this land can be obtained from Corbett Bottles Real Estate Marketing by visiting their office located at 839 S. Bridgeway Place, Eagle, ID 83616; by telephone at ; or by visiting their website at CorbettBottles.com.