ABSOLUTE AUCTION!
REGARDLESS OF PRICE!
BIDDING OPEN NOW - ENDS: THURS, SEPT 18 at 6:00 PM
LAKEFRONT LIVING: Overlooking 1,300 ac Lake Lou Yaeger
190ft of Water Frontage on Quiet Wooded Area
1.05 ac Cul-de-sac Lot with Tall, Mature Trees – Country Feel
Custom 3,240sf: 4 Bedroom, 2 Full Baths, and 2 Half Baths
Plus 2,548 sf Full-Walkout Finished Basement
Total of 5,788 sf Luxury Lake Front Living!
EVERYTHING AS GOOD AS IT GETS!
IMPORTANT: OPEN HOUSE/INSPECTIONS: SUNDAYS, SEPT 7 & 14 FROM 1-4 PM
NO MINIMUM * NO RESERVE
Originally Listed at $749,000 – NOW SET YOUR OWN PRICE!
*Also selling great furniture, recreational items, tools...HOUSE FULL! Click Here To See!*
LOOK THROUGH THIS LIST OF AMENITIES!
- Incredible Views from High on the Hill
- Asphalt Driveway All The Way To Your Private Lakeside Retreat!
- 120 ft of Steel Sea Wall
- Built-in Steel Boat Lift, Dual Docks, L-Shaped Floating Dock
- Party Area with Small Manicured Lawn
- Soaring Ceilings and Open Floor Plan
- Granite Countertops and Custom Cabinetry and Cabinetry Appliance Fronts
- ALL Top of the Line Appliances: Sub-Zero, Thermador, Asko, Kitchenaid
- Sub-Zero Double Door with Ice and Water in Door
- Thermador Cook Top with Grill and Griddle
- Kitchenaid Double Ovens
- Asko Swedish Dishwasher - Arguably One of the Best Dishwashers Made
- Home Theater Room off of the Beautiful Foyer Area
- 2 Beautiful Fireplaces – One Upstairs and One Down
- Fabulous Carpet, Tile and Laminate Wood Floorings
- Screened, Covered Deck, Open Deck, Covered Porch
- Downstairs 24 X 50 Recreation Room with Full Bar Area
- Perfect Workout Mirrored Room, Large Home Office Area
- Safe Room Downstairs
- Oversized 3-Car Attached Garage
- Central Air Cooling With Separate A/C Unit for Each Level
- Propane Forced Air Heat With 4 Zoned Heating
- Thermal Windows and Doors, Whole House Fan
- Easy Care Exterior: Brick and Vinyl Siding
- Large Storage Areas – One Could Be Finished as 5th Bedroom!
- Tremendous Laundry/Mud Room Between Garage and Kitchen
- Central Vacuum System
Built in 1999 – City Water, Private Septic
2013 Taxes: $9,650.94. This number is with no exemptions - Homestead Exemption would lower your tax bill.
Tax ID Number: 10-14-327-002
Legal Description: LOT 5 WEST LAKE OAKS SUB 9-5-226-2
This Property is Leasehold – The lease for the property is $50 annually. These are 60-year leases, which are automatically renewed.
Lake Lou Yaeger Information
One of the hidden gems in the central Illinois heartland, Lake Lou Yaeger provides over 1200 acres of recreational enjoyment to residents and visitors alike. Built in 1966 for flood control, recreation and water supply, Lake Lou Yaeger has become a major focus of outdoor activities nearly year round. Stretched along eight miles of the flooded West Branch of Shoal Creek, the lake holds a wealth of coves, inlets and bays with a combined 45 miles of shoreline. Much of the southern portion is residential, graced with year-round homes. The lake is a favorite among visitors from both the St. Louis and Springfield areas who can travel to the lovely swimming beach in less than an hour. Although created for primarily utilitarian purposes, Lake Lou Yaeger has become one of the area's best-known recreational destinations.
The long expanse of open water makes Lake Lou, as it is fondly called, a boating destination for many visitors. Two marinas along the shore offer boat slips, sell gas and snacks, offer launch facilities, and rent small boats. There are no speed or motor restrictions on the lake, although personal watercraft are restricted to certain hours on the weekends. Some areas are posted 'no-wake' zones, reserved for sailing and paddle-sports. All visiting boats must purchase a daily boating permit, available at launch sites. This contributes to Lake Lou Yaeger being one of central Illinois' favorite locations for water skiing, tubing, and jet skiing. Here water lovers can sail, power boat, pontoon, wake board, canoe, kayak and row. In August, racing boat events are held on the lake. Most private homes have their own docks and swim areas; some even have rather elaborate swim docks and boating decks. Annual local events such as July 4th fireworks and the 'Lake Lou Triathlou' bring visitors from Chicago and beyond.
Fishing is a favorite pastime at Lake Lou Yaeger. Owned by the City of Litchfield, the lake is stocked yearly with largemouth bass and hosts several bass club fishing tournaments each summer. The lake also holds a healthy population of crappie, bluegill and catfish. The many coves provide excellent spawning areas for panfish.
Shoal Creek Nature Conservation Area was established in 1990 to provide a great hiking experience with opportunities for birders, botanists, and nature photographers. Over 700 species of plants and over 70 different kinds of butterflies have been identified within the Shoal Creek Conservation Area. Two self-guided nature trails were constructed to observe wildflowers and wildlife in a unique barrens-savanna habitat. Two hiking trails are available, easy enough for a young child while offering a nice scenic walk in the outdoors. The local Rotary Club and the Shoal Creek Volunteers, Inc. help to maintain and preserve this area by monitoring plants and animals. Since 2005, a pair of bald eagles has nested at the lake where their housekeeping efforts can be seen with binoculars from near one of the marinas. The less developed areas along the shoreline are wooded and often allow for glimpses of deer, small mammals, waterfowl and large numbers of birds. The reservoir attracts large numbers of visitors to Milnot Beach swimming area. Equipped with lifeguards, a sand beach area and high-and low-diving boards, the pay beach brings many visitors to enjoy a day of water and sand. The beach house has showers, restrooms and a snack bar. The 266-acre Shoal Creek Conservation Area provides picnic areas, playgrounds, pavilions, rest rooms and outdoor stoves. Two campgrounds offer both primitive and trailer camping. Trailer pads include hookups, flush restrooms, city water, and free shower facilities. There are horseshoe pits in the shaded campground area. A series of camping cabins are being constructed for placement at Lake Lou. The local school district's building and trades program is building these cabins for those campers who prefer a more solid structure to tent camping. The park area also allows horseback riding on specified trails; the Blake Lowry Horse Camp is a unique facility that provides oversize campsites for horse owners. The area is open to the public without reservations and provides a camping area with space available for vehicles and horse trailers. City water, night lights, and outhouses are on site. Several miles of horse trails lead from the camp area through the woods surrounding the lake.
The City of Litchfield is a quiet and historic small town which once was the junction of six railroads. Later, famed Route 66 skirted the town. Besides the usual village amenities, Litchfield also holds several nostalgic locations of interest to Route 66 fans; one is the drive-in theater which has survived the longest on Route 66 in continuous operation. An old diner is still serving meals, and a local winery offers a vintage 'saloon' experience with such antique amusements as pinball, darts and a gift shop. Therefore, the occasional rainy or chilly day at Lake Lou Yaeger will quickly become an adventure with nearby local points of interest. Only 45 miles to the north, the Illinois capital of Springfield contains a wealth of historic venues such as the Lincoln Library and Museum, the old State Capitol with costumed interpreter guides, Shea's Gas Station Museum filled with Route 66 memorabilia, Lincoln's Home Historic Site with its surrounding neighborhood preserved for posterity, and many more locations pertaining to Illinois' most famous resident and the achievement of Statehood for the state itself. Both Litchfield and Springfield offer several conventional hotels and other forms of lodgings such as bed-and-breakfasts.
If you thought a central Illinois vacation had little to offer, you obviously haven't seen Lake Lou Yaeger. The lake provides everything necessary for a fun-filled vacation at a reasonable driving distance from Midwestern cities. Occasionally, visitors may be lucky enough to find a private home to rent directly on the shore of Lake Lou Yaeger. Real estate is often available at Lake Lou, both lakefront and with deeded lake access. So, come for a visit. Bring the boat, the kids and the camping gear.
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PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY<br>
PROPERTY.<br>
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IF YOU HAVE NOT READ AND UNDERSTAND TERMS, PLEASE DO NOT BID<br>
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BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY<br>
UNDER THE FOLLOWING TERMS AND CONDITIONS: <br>
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UPON CONCLUSION OF THE AUCTION: <br>
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The Winning Bidder will receive a Real Estate Contract by email and be required to print and fully and correctly complete and properly sign the Real Estate contract without any modifications and pay the specified $25,000.00 non-refundable earnest money deposit as stated in the property description by 12:00 Noon of Friday, September 19, 2014 or the Buyer(s) may come to Aumann Auctions, Inc. Gallery at 20114 IL Rt. 16, Nokomis, IL 62075 before noon on Friday, September 19, 2014 and sign the Sales Contract there. The earnest money deposit for this parcel is $25,000, which is payable by check or wire transfer. Upon request, wire transfer information can be provided to the winning bidder along with the Sales Contract. This $25,000.00 non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer(s) as part of the purchase price of the property.<br>
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By bidding on this property, Buyers enter into a contractual agreement to complete the transaction and purchase the property. Successful bidder not executing the contract and providing the earnest money deposit after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc. In addition, Aumann Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer.<br>
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Both the Successful Bidder and Seller shall indemnify Aumann Auction, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.<br>
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• BUYER’S PREMIUM:<br>
A 6% Buyer’s Premium will be added to the winning bid to determine the total purchase price of the real estate.<br>
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• DATE OF CLOSING:<br>
The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. All taxes will be prorated to the day of closing. <br>
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• NO CONTINGENCIES: <br>
This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.<br>
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• TITLE: <br>
Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment.<br>
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• ZONING AND EASEMENTS: <br>
Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances and as the property is leasehold, it is subject to the current lease. <br>
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• AERIAL PHOTOS, IMAGES AND DRAWINGS:<br>
are for illustration purposes only and not surveyed boundary lines unless specified.<br>
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• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of the Seller. <br>
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• CONDITION OF PROPERTY: <br>
Property is sold 'AS IS, WHERE IS' condition neither Aumann Auctions, Inc, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Open House/Inspection times have been provided and each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Aumann Auctions, Inc. or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless and indemnify Aumann Auctions, Inc. and their Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.<br>
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• DISCLAIMER:<br>
All information included herein was derived from sources believed to be correct, but is not guaranteed. <br>
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NEW DATA, CORRECTIONS, and CHANGES: <br>
Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. <br>
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• DISPUTES:<br>
Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Montgomery County, IL or (b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc.<br>
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• CONDUCT OF THE AUCTION:<br>
Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions are final.<br>
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YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.<br>
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BIDDING/REGISTRATION INFORMATION<br>
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CREDIT CARD FOR BIDDER VERIFICATION: <br>
The entry of your credit card information is for identification purposes. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Aumann Auctions, Inc. will reject the registration, and bidding activity will be terminated.<br>
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The Seller and Aumann Auctions, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.<br>
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Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Aumann Auctions, Inc, then Aumann Auctions, Inc. reserves the right to delete the bidder from bidding. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.<br>
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MAXIMUM BID: <br>
When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified.<br>
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AUCTION END TIMES: <br>
Aumann Auctions, Inc. online only auctions are timed events and all bidding will close at specified time. For this auction, the end time for the Real Estate is 6:00 PM Central on Thursday, September 18, 2014. However, our auctions also have an 'Auto Extend' feature: Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes. <br>
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Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last seconds without having another opportunity to bid again. <br>
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TECHNICAL ISSUES: <br>
In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor AUMANN AUCTIONS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Aumann Auctions, Inc.