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HUGE REAL ESTATE AUCTION
SATURDAY, NOVEMBER 19, 2011
12:00 NOON — ABSOLUTE
NO RESERVES!
4438 GATES LANE, SPRUCE CREEK, PA, 16683
Largest Absolute Public Real Estate Auction Of Its Kind In Central Pennsylvania.
Stream Properties To Be Sold With No Reserve At Auction.
8 out of 12 Residences and Parcels offered include ownership of Spruce Creek stream including both banks.
REAL ESTATE AT 12:00 NOON
3 main Spruce Creek properties will be sold at the cash only auction SALE TERMS for 3 parcels:
The high bidder will buy each of the properties as offered.
The properties will not be offered together as a unit. There will be no holding of bids to group parcels together.
The properties will be offered in the following order:
A. The Cottage Residence “rental property”: 300 feet ± of prime Spruce Creek water, both banks: located less than 75 feet from the west bank of Spruce Creek with one of the best holes in Spruce Creek; 2 units; swimming pool; spring water, operating septic system.
B. Residence #1: Fire damage Sept. 17, 2011, partially restored. This is a complete country cottage, 3 BR, 1 bath, ( 1200 sq. ft ± ), with potential for additions for more living space if desired; 300 ± of Spruce Creek; Spring water; approved operating septic system.
C. The Upper Wooded Lot: 8 acres ± see draft; includes 100 feet ± and a great hole in Spruce Creek; adjoins State Game lands.
THE AUCTION CONTINUES — OFFERING 9 PARCELS WITH OWNER FINANCING.
TROUT PARADISE
The first 5 miles of Warriors Mark Run, the main breeding branch of Spruce Creek, flows through Trout Paradise. This premier trout stream is owned by fewer than 10 owners.
Click Here To See A List Of Comparables For The Spruce Creek Watershed Properties
The Trout Paradise Subdivision will be offered at auction — featuring 20 acres ± sub-divided into 7 parcels, all unimproved, and offered in the following order and offering the owner financing as described hereinafter.
1. Trout Paradise Tract #1: 1.5 acres ± with 200 feet ± of prime trout stream; septic permit issued.
2. Trout Paradise Tract #2: 200 feet ± of prime trout stream; building site on shared area; beautiful views, especially sunsets; two alternatives for septic area.
3. Trout Paradise Tract #3: 75 feet ± of prime trout stream; building site on shaded area; beautiful views, especially sunsets; two alternatives for septic area.
4. Trout Paradise Tract #4: 3 acres ±; expansive views; access to building site over bridge to be constructed, see plan; building site on shaded area; conventional sewer system possible.
5. Trout Paradise Tract #5: 1 acre ±; expansive views; access to building site over bridge to be constructed, see plan; building site on shaded area; conventional sewer system indicated by soil test pits examined by a soil scientist.
6. Trout Paradise Tract #6: 1 acre ±; expansive views; access to building site over bridge to be constructed, see plan; building site on shaded area; conventional sewer system indicated by soil test pits examined by a soil scientist.
7. Trout Paradise Residue: 10 acres ±; 600 feet ± of prime trout stream plus 1200 feet ± of side streams for raising trout and for fishing; beautiful meadow property with additional potential for subdivision; beautiful views; conventional sewer system indicated by soil test pits examined by a soil scientist.
*Trout Paradise Tracts #1, #2 and #3 front and Old Mill Road.
**Access to Trout Paradise Tracts #4, #5 and #6 and Residue 10 acres Tract #7 will be gained over a common roadway as shown on the attached plan over a bridge to be constructed from monies held in escrow from the sale of these tracts.
$10,000 will be retained in escrow from the proceeds of Tracts #4, #5 and #6 and $20,000 from the sale of the Trout Paradise. Residue Tract #7 for construction of the bridge and roadway.
Presently access is gained to part of all Trout Paradise parcels over a common roadway and for across the stream. This roadway will be reserved only for Tracts #1 and #2 and to be the other parcels for emergency use only after the bridge is constructed.
The Final 2 Lots to be sold are from Spruce Creek Estates a.k.a The Hemlocks Subdivision with the same owner financing.
D. Lower Wooded Lot: includes 7 acres ±, side streams for fishing and/or raising trout; adjoins State Game Lands; spring water ( not tested for septic ).
E. Hemlock Lot: 100 feet ± of stream with part of one of the best holes in Spruce Creek; beautiful building site, out of the flood way, 50 feet from the west bank of Spruce Creek, appropriate sites for primary and alternate septic on lot.
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