PRIME RESIDENTIAL SUBDIVISION LAND AUCTION
Homesite Lots will be sold Individually with the Option of Buying as a Bulk Package!
Majestic Lakes Subdivision
| Lot Number |
Square Footage |
Acres |
|
Lot Number |
Square Footage (ft) |
Acres |
| 1 |
16,932 |
0.39 |
38 |
9, 310 |
0.21 |
| 2 |
14,275 |
0.33 |
39 |
14, 337 |
0.33 |
| 3 |
15,928 |
0.37 |
40 |
9, 324 |
0.21 |
| 4 |
10,737 |
0.25 |
41 |
13, 981 |
0.32 |
| 5 |
9,506 |
0.22 |
42 |
10, 174 |
0.23 |
| 6 |
9,310 |
0.21 |
43 |
10, 291 |
0.24 |
| 7 |
9,310 |
0.21 |
44 |
10, 238 |
0.24 |
| 8 |
9,310 |
0.21 |
45 |
9, 100 |
0.21 |
| 9 |
10, 277 |
0.24 |
46 |
9, 310 |
0.21 |
| 10 |
12, 037 |
0.28 |
47 |
9, 505 |
0.22 |
| 11 |
15, 051 |
0.35 |
48 |
15, 085 |
0.35 |
| 12 |
16,429 |
0.38 |
49 |
13, 919 |
0.32 |
| 13 |
9,401 |
0.22 |
50 |
9, 261 |
0.21 |
| 14 |
10, 531 |
0.24 |
51 |
9, 310 |
0.21 |
| 15 |
9, 526 |
0.22 |
52 |
9, 310 |
0.21 |
| 16 |
9, 310 |
0.21 |
53 |
9, 310 |
0.21 |
| 17 |
10, 558 |
0.24 |
54 |
9, 313 |
0.21 |
| 18 |
16, 933 |
0.39 |
55 |
9, 426 |
0.22 |
| 19 |
13, 359 |
0.31 |
56 |
9, 342 |
0.21 |
| 20 |
17, 201 |
0.39 |
57 |
9, 434 |
0.22 |
| 21 |
13, 548 |
0.31 |
58 |
9, 540 |
0.22 |
| 22 |
16, 000 |
0.37 |
59 |
9, 677 |
0.22 |
| 23 |
9,956 |
0.23 |
60 |
9, 506 |
0.22 |
| 24 |
15, 281 |
0.35 |
61 |
9, 295 |
0.21 |
| 25 |
9, 348 |
0.21 |
62 |
14, 993 |
0.34 |
| 26 |
9, 998 |
0.23 |
63 |
16, 108 |
0.37 |
| 27 |
10, 044 |
0.23 |
64 |
9, 310 |
0.21 |
| 28 |
9, 941 |
0.23 |
65 |
7, 980 |
0.18 |
| 29 |
9, 927 |
0.23 |
66 |
9, 310 |
0.21 |
| 30 |
15, 097 |
0.35 |
67 |
9, 310 |
0.21 |
| 31 |
9, 310 |
0.21 |
68 |
9,315 |
0.21 |
| 32 |
9, 310 |
0.21 |
69 |
9, 342 |
0.21 |
| 33 |
16, 478 |
0.38 |
70 |
11, 254 |
0.26 |
| 34 |
8, 591 |
0.2 |
71 |
18, 901 |
0.43 |
| 35 |
9, 780 |
0.22 |
72 |
12, 895 |
0.30 |
| 36 |
12, 229 |
0.28 |
73 |
16, 320 |
0.37 |
| 37 |
9, 954 |
0.23 |
74 |
15, 553 |
0.36 |
| |
75 |
17, 325 |
0.40 |
Lots & Acreage Being Sold:
75 Developed Single-Family Home Lots
269.26+- Undeveloped Acres
Location:
The Majestic Lakes Subdivision
Unincorporated Lincoln County, MO
Typical Lot Size:
The "typical" lot (those lots that are not located ina cul-de-sac) average apporximately 10,000 sq. ft. and a lot width of 70 ft.
Typical Lot Frontage: 70 ft.
Highest & Best Use: Residential Development
Zoning: There are no zoning requirements in Lincoln County, MO
General Location:
Land is located approximately 50 miles northeast of the City of St. Louis. According to the 2000 Census, Lincoln County is the fastest growing county in the St. Louis Metro Area. The City of Troy serves as the county seat.
Nearby Cuivre River State Park provides 6000 acres of woods, creeks and grasslands and 38 miles of trails. There's swimming, boating and fishing in Lincolon County with plenty of campsites, 2 wild areas and three natural sites noted for their high-quality ecosystems.
There are numberous parochial schools, preschools and daycare centers, higher education may be persued at St. Charles Community College, Lindenwood University in St. Charles and Missouri Baptist College. A satellite branch of Missouri Baptist College is located in Moscow Mills.
Access:
The public and private street systems are in place, are in good condition and adequate for the local traffic needs. Direct access to the subject lots is available from interior streets. Access tot he subdivision is available from Highway MM. The subject has good access to commercial, recreational, and institutional areas, as well as the employment centers of Lincoln and St. Charles Counties.
Easements: There appear to be no adverse easements affecting the subject lots, but only the standard utility and road right-of-way easements.
Utilities:
All public utilities will be available to the developed single family home sites.
Subdivision Amenities:
The planned soccer fields, baseball diamonds, etc. have not been developed as of yet; however, the clubhouse and pool at the subdivision entrance are complete.
Broker Participation Welcome!
Please download and complete the "Broker Participation Form" located under the "Documents" link to the right!
Please see the Terms and Conditions listed under the "Auction Terms" link to the right
75 Developed Lots and 269.26 +- Undevelopted Acres
Majestic Lakes Subdivision, Lincoln County, Missouri
Date: February 20, 2010 at Noon
Address: 33 Majestic Lakes Court, Moscow Mills, MO 63362
Physical Features
§ Size/Dimensions – The “typical” lot (those lots that are not located on a cul-de-sac) average approximately 10,000 square feet and a lot frontage of 70 feet.
§ Type of Property – 75 detached single-family home lots, approximately 269.26 acres of undeveloped land
§ Topography/Drainage – Topography is best described as gently rolling. Drainage of the lots appears to be adequate.
§ Flood Plain – According to the FEMA Flood Insurance Rate Map panels 290869 0185C dated April 2, 1993, it appears that a portion of the subject site (undeveloped/excess ground) lies in the flood plain. It appears that all of the developed lots which are the subject of the auction are not in the flood plain.
§ Access – Direct access to the subject lots is available from interior streets. Access to the subdivision is available from Highway MM. The subject has good access to commercial, recreational, and institutional areas, as well as the employment centers of Lincoln and St. Charles Counties.
Legal
§ Zoning Analysis – There are no zoning regulations in Lincoln County.
§ Easements/Encumbrances/Moratoriums – There appear to be no adverse easements affecting the subject lots, but only the standard utility and road right-of-way easements.
§ Encroachments – There appear to be no encroachments on the subject property.
§ Utilities – All public utilities will be available to the developed single family home lots.
Auction Terms and Conditions
§ Earnest Money - (10%) non-refundable earnest money in US Funds (cash or cashier’s check) shall be deposited by the highest bidder on the individual lots, which is due the day of the auction. For the highest bidder on the undeveloped land, a cashier’s check for $75,000 made payable to BCL Auction shall be deposited on the day of the auction.
§ Brokers Participation Accepted - A broker fee of 2% will be paid to the properly registered and licensed real estate brokers. Call for pre-registration form or visit www.bclauction.com for additional information.
§ Real Estate Terms -These properties are selling at a public auction in their present condition & are accepted by the buyer(s) without any contingencies. It is the buyer(s) responsibility to exercise their own due diligence and inspection prior to bidding on these properties. Secured Creditor has the right to accept or reject any and all bids. All properties are offered As-Is Condition. Any announcements made day of sale shall take precedence over anything previously stated or printed. Closing will be approximately 30 days from the date of the sale. Taxes will be pro-rated and paid at closing.
Live Auction Protocol
§ The 269.26 undeveloped acres will be the first item auctioned, and it will be auctioned as a single lot. However, the bidding will be per acre. For example, if the highest bidder bids $6,000 then they will
owe: $6,000 X 269.26= $1,615,560.
§ The 75 lots will be the second item to be auctioned. The bidding will start by auctioning off just one of the 75 lots. The winner of the first bid will have their option to purchase as many lots as they wish at the winning bid price. For example, if the highest bidder bids $20,000 then they can pick a single lot and just owe $20,000. On the other hand, the winner bidder could take multiple lots: 15, 35, 40-45 which would result in them owing a total of $160, 000 ($20,000 X 8). This process will continue until all the lots are sold.
§ Lastly, the lots and undeveloped acres will be offered in bulk as a single package. There will be a single winning bid for all 75 lots an 269.26 undeveloped acres.
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