NE-33-48-5-W4 - County of Vermilion River
SOLD
425,000.00CAD+ applicable fees & taxes.
This item SOLD at 2024 Jan 16 @ 15:25UTC-7 : PDT/MST
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
Offered for sale is the rare opportunity to purchase a full quarter section located south of Vermilion. Whether you are looking to expand your current land base or purchase your future home quarter for generations to come, you will want to keep a close eye on this auction that commences January 16th, 2024 at 2:00 PM MST (soft close 3:00 PM). The topography of the land provides multiple building locations with walkout basement potential. The land has recently held cattle, in a responsible manner, ensuring fencing is intact and in 2001 a water well was drilled confirming water for your herd. There is a dugout in the southeast quadrant of the quarter. With being just 2.5 miles from secondary highway 619, this property provides easy access to both Lloydminster and Wainwright as well. Surface lease revenue is $3,900 per year with Gear Energy Ltd. occupying the lease on the north side of the property. Annual taxes are an affordable $280.81 annually. Water well report, surface lease information, county soil data, unconditional purchase contract and more available by reviewing the documents above this message.
Directions: South from Vermilion on Highway 41 to Secondary Highway 619. East to Range Road 54. North to Township Road 490, then east to property.
Click here to easily locate the property: https://rem.ax/3QWvI0K
Please ensure financial availability prior to registering.
Note: If you wish to use the max bid feature, it is fully private to you the bidder only and cannot be seen by the selling agent, facilitator or seller.
"In the context of auctions, a soft close refers to a mechanism that extends the bidding time for a specific item if a bid is placed in the last minutes of the auction. This mechanism is often used in online auctions." Our system will extend the bid by 2 minutes if a bid is made in the last 2 minutes. THE AUCTION WILL END/CLOSE ON JANUARY 16TH, 2024.
Please respect property owners decision in the land transaction by using the contacts below as needed:
For further property details or general auction inquiries contact Shawn Jacula, Broker/Owner of RE/MAX Prairie Realty, at 1-780-581-9011 (call or text)
For technical support in registering or preparing for bidding, contact 1-866-313-0123.
All information deemed reliable, but not guaranteed. Buyer agrees to terms and conditions outlined on the website.
Auction Location:
RPR Auction, see item description for property location details, Alberta, Canada
Buyer's Premiums:
| From (Incl.) |
To (Excl.) |
Premium |
| 0.00 |
Infinite |
0% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
As per published Purchase Contract $50,000 due to seller's lawyer by January 23, 2024
Accepted Payment Methods:
1. Registration and Bid Acceptance:
By registering and accepting a Bid Number, participants acknowledge and agree to abide by the Terms and Conditions outlined herein. Registration is required for each auction.
2. Financial Documentation:
Once registered to bid, request for financial pre-approval will be requested via email.
3. Payment:
All payments must be made in Canadian funds. Deposit payment methods include certified cheque or bank draft. G.S.T. will be charged in addition to the accepted bid amount where applicable.
4. Faciliators's Decision:
The highest bid acknowledged by the Facilitator/Auctioneer will be considered the winning bid. In the event of a dispute, the Auctioneer reserves the right to determine the successful bidder or re-offer the lot at their discretion.
5. Solidifying Transaction:
Both Purchaser and Vendor must sign an agreement of sale with written sale terms. No bidder may retract a bid once made and accepted.
6. Property Information:
The property information is based on third-party sources, and RE/MAX Prairie Realty cannot guarantee accuracy. Buyers are advised to confirm the property's suitability for their intended use.
7. Item Condition:
All items are sold "as is" and "where is," and the risk transfers to the buyer once the Auctioneer declares the item sold. All sales are final and binding.
8. Auctioneer's Announcements:
Announcements made by the Auctioneer on the sale day take precedence over printed material.
9. Liability Release:
RE/MAX Prairie Realty will not be held responsible for any injuries sustained by individuals while inspecting the land or during the sale. By registering, participants release RE/MAX Prairie Realty from any legal or financial encumbrances.
10. Force Majeure:
In the event of a situation beyond our control (e.g., power outage, cellular provider issues, internet connection failure), RE/MAX Prairie Realty reserves the right to delay the auction closing until issues are resolved. Additionally, RE/MAX Prairie Realty reserves the right to reopen bids on lots that closed during the issue. The best interests of both sellers and buyers will be prioritized in such situations.
11. Notification to Successful Bidders:
Successful highest bidders will be notified of their success at the sale's expiration and contacted by email after the sale. The email will provide information on the process for delivering the signed Offer to Purchase (OTP) and the deposit amount.
12. Non Completion:
In the event the high bidder does not complete, RE/MAX Prairie Realty and the Seller reserve the right to mitigate damages. The Defaulting Party agrees to pay liquidated damages to the Seller and RE/MAX Prairie Realty, including a non completion fee of 10% of the ending sale agreed upon price.
13. Seller's Approval:
All highest bids are conditional on the Seller's approval. Bidders acknowledge bidding on both price and terms of the Offer to Purchase, agreeing to read and understand posted Offer to Purchase for each Parcel.
14. Acknowledgment by Bidders:
Bidders confirm they have had the opportunity for independent legal advice, fully understand the transaction, bid freely and voluntarily, and bid for their benefit.
Thank you for your trust!