Name Castle Creek Absolute Real Estate Auction
Auctioneer Bradeen Real Estate & Auctions
Type Live Webcast Auction
Date(s) 7/12/2016
Tuesday, July 12, 2016 at 10:30 am MDT
Preview Date/Time Inspect at your leisure as approximate location of property corners are marked, maps are available onsite. Property Located: From ROCHFORD, SD, go 2.5 miles south on South Rochford Road, left on FS 238 for 2.3 miles. From MYSTIC, SD, go south 1.5 miles on Mystic Road, then west 4.4 miles on FS 181 (Castle Peak Road.). Note: The Forest Service roads and interior roads are primitive. We recommend 4x4 or ATV only. Plan to spend considerable time exploring this unique offering.
Checkout Date/Time Immediately following the auction on Tuesday, July 12, 2016.
Location Auction held at Copper Mtn. Resort, (formerly Golden Spike Inn) 900 Miners Ave.
Lead, SD 57754
Buyer Premium No Buyer's Premium Charged
Description
Black Hills of South Dakota - Pennington County Mystic/Rochford area on "Castle Creek" ABSOLUTE REAL ESTATE AUCTION 234 Acres 7 Tracts & 3 Units - Featuring 1.6+/- miles of beautiful Castle Creek and 16 patented mining claims TUESDAY, JULY 12, 2016 at 10:30 A.M. MDT Auction held at Copper Mtn. Resort, (formerly Golden Spike Inn), 900 Miners Ave., LEAD, SD. Property Located: From ROCHFORD, SD, 2.5 miles south on South Rochford Road, left on FS 238 for 2.3 miles. From MYSTIC, SD, south 1.5 miles on Mystic Road, then west 4.4 miles on FS 181 (Castle Peak Road.). We recommend 4x4 or ATVs on these Forest Service roads! *Seller financing offered Property consists of (15) 7 to 10 acre patented mining claims, as well as a breathtaking 71.92 acre "Nellie consolidated placer" with ever-popular "Castle Creek" running full length! Also selling a separate 9.68 acre "California Lode", 2.5 miles north of main property on FS 238 and FS 238 1B. The spectacular 71.92 acre creek bottom Nellie Placer is mostly native grass meadows, skirted by spruce and ponderosa pine with rock outcroppings, wild flowers, berries and 1.6+/- miles of scenic Castle Creek, a popular trout stream. Wildlife abounds. Remnants of the old Lookout Mill and the town site of Castleton are reminiscent of the area's rich mining past. The 15 mining claims range in size from 7.18 to 10.33 acres and feature mostly timbered, steep to rugged hillside. A recently developed road offers good access to each lot. These lodes offer spectacular views of the surrounding Black Hills and would be perfect for the "weekend prospector"! Auctioneer's Note: If complete seclusion and unspoiled natural beauty interests you. . . take time to inspect this beautiful property. Ownership of over 1.5 miles of trout stream in the Black Hills is a rare opportunity. The area is perfect for rustic cabins, camping, hiking, fishing, horseback or ATV riding, or simply relaxing. The mining claims are rugged and unique. . . stake YOUR claim in the Black Hills of South Dakota! Remember, all selling without minimum or reserve with Seller financing offered. . plan to attend! Property Inspection: Inspect at your leisure as approximate location of property corners are marked, maps are available onsite OR Auctioneers/Brokers will be onsite for directions, questions on Tuesday June 28 and Tuesday July 5 from 1-3 pm. Note: The Forest Service roads and interior roads are primitive. We recommend 4x4 or ATV only. Plan to spend considerable time exploring this unique offering. ABSOLUTE AUCTION. Selling to the highest bidders auction day without minimum or reserve! Selling as follows: Unit 1 - 15 contiguous mining claims offered separately and as one unit, selling in the manner realizing the greater return. All bids will be in dollars x acres. Unit 2 - 71.92 acre "Nellie Placer", offered/selling individually only. Unit 3, the 9.68 acre "California Lode", offered/selling individually only. Successful bidders shall deposit 15% irrevocable earnest money auction day with the balance due upon closing, on or before August 12, 2016. OR, ATTRACTIVE SELLER FINANCING OFFERED, additional 15% down (30%), balance on contract for deed, up to 10 year amortization, including 6.9% interest, with entire balance due within 5 years. Cost of contract/escrow paid by buyer. Seller will furnish a warranty deed and policy of title insurance showing marketable title, this policy is available prior to the auction for inspection. Property is held debt/mortgage free. Mineral rights held by seller to transfer to buyer. Possession upon closing. 2015 taxes paid in full, 2016 taxes, based upon the 2015 levy, will be prorated to closing date. Sold without buyer contingency of any kind, have financial arrangements secured prior to bidding. Descriptions and information are from sources deemed reliable, however, neither Auctioneer/Broker nor Seller are making any guarantees or warranties, actual or implied. Property selling "As-Is". Inspect to the extent deemed necessary, both on and off premise, and rely upon your own judgement when bidding. Announcements made at the auction take precedence over any printed materials and/or prior representations. Auctioneers/Brokers represent the Seller in this transaction. When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Bradeen Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Bradeen Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Bradeen Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Bradeen Auction further reserves the right to cancel and/or reopen the auction in the case of system failures. The following procedure will be used to determine the new owner(s) of the Jack & Mary Lehnert "Castle Creek" property located in Pennington County, SD. Please read the following procedure carefully, the Auctioneers - Brokers will answer any questions you may have prior to the opening bid. 1. To become a qualified bidder you must register and obtain a bidder's number. Property will be offered as follows: Please refer to the computer screen listing lot numbers, amount bid, bidder #, and "Hold"/"Sold" columns throughout the course of the auction. All bids placed will be in US dollars PER ACRE, multiplied by the number of acres in each lot chosen. 2. Three separate auctions will essentially be conducted to complete the sale of the Lehnert property as follows: Unit 1 - Nellie Consolidated Lode on Castle Creek, 71.92 Acres; Unit 2 - 15 contiguous mining claims within Mineral Survey #993, "Blossom et al Lodes"; Unit 3 - California Lode, 9.68 Acres. The entire property (17 lots) will NOT be offered together as a complete package at any time. 3. After opening statements and any questions the Auctioneer will ask for opening bids on high bidder's choice of individual lots 1-17. All bids taken will be in US dollars PER ACRE, multiplied by the number of acres in the lot(s) of your choice. As high bidder, you may choose any individual lots or any combination of lots offered. Auctioneers will calculate the bid, place your bidder number, and note "Hold" in the appropriate columns. 4. Auctioneers will then ask for bids on any remaining lots in the same manner until a price has been established on all 17 individual lots. 5. After a price has been determined on each individual lot, bidding will focus on finalizing the sale of Unit 1 (Lot 24), "Nellie Lode on Castle Creek". 6. Upon finalizing the sale of The Nellie Lode, the electronic board will show the 15 individual lot prices as well as a combined total amount bid on Unit 2 (Lot 2000), "The Blossom Lodes". The entire Unit 2 (Lot 2000) (combined), will then be offered at a price over and above this amount. Auctioneers reserve the right to set the minimum acceptable raise. The high bid on the entire Unit 2 will then be calculated and posted. If no bidding occurs on the entire unit, Auctioneers will offer and SELL the 15 individual Lots in consecutive order. ALL BIDS WILL BE FINAL. 7. However, Unit 2 will be offered in 15 individual lots and as an entire group until no further bids are received one way or the other. Multiple rounds of bidding may occur*. Once the property is offered, either individually or as an entire unit, without establishing an overall amount greater than the current high bid, the property will not be offered in that manner again. Upon determining the manner of sale, either in individual lots or as an entire unit, bidding will be opened briefly to establish the successful bidder(s). *Note: In the event that bidding occurs on the entire unit, individual lot bidders will be given the opportunity to advance their own bids in an attempt to achieve an overall amount greater than the entire unit bid. 8. Your competitive bidding, not the auctioneers, determine how many rounds will be held to determine the sale price and owners(s). 9. Upon completion of the Blossom Lodes, the sale of Unit 3 (Lot 25), the "California Lode" will be finalized, beginning at the price established in the first round bidding. 10. "Sold" will be noted on the screen next to the appropriate lot(s). All property will be sold to the highest bidder(s) at absolute auction without minimum or reserve bid!
Auction Terms & Conditions ABSOLUTE AUCTION. Selling to the highest bidders auction day without minimum or reserve! Selling as follows: Unit 1 - 15 contiguous mining claims offered separately and as one unit, selling in the manner realizing the greater return. Unit 2 - 71.92 acre "Nellie Placer", offered/selling individually only. Unit 3, the 9.68 acre "California Lode", offered/selling individually only. Successful bidders shall deposit 15% irrevocable earnest money auction day with the balance due upon closing, on or before August 12, 2016. OR, ATTRACTIVE SELLER FINANCING OFFERED, additional 15% down (30%), balance on contract for deed, up to 10 year amortization, including 6.9% interest, with entire balance due within 5 years. Cost of contract/escrow paid by buyer. Seller will furnish a warranty deed and policy of title insurance showing marketable title, this policy is available prior to the auction for inspection. Property is held debt/mortgage free. Mineral rights held by seller to transfer to buyer. Possession upon closing. 2015 taxes paid in full, 2016 taxes, based upon the 2015 levy, will be prorated to closing date. Sold without buyer contingency of any kind, have financial arrangements secured prior to bidding. Descriptions and information are from sources deemed reliable, however, neither Auctioneer/Broker nor Seller are making any guarantees or warranties, actual or implied. Property selling "As-Is". Inspect to the extent deemed necessary, both on and off premise, and rely upon your own judgement when bidding. Announcements made at the auction take precedence over any printed materials and/or prior representations. Auctioneers/Brokers represent the Seller in this transaction. METHOD OF SALE The following procedure will be used to determine the new owner(s) of the Jack & Mary Lehnert "Castle Creek" property located in Pennington County, SD. Please read the following procedure carefully, the Auctioneers - Brokers will answer any questions you may have prior to the opening bid. 1. To become a qualified bidder you must register and obtain a bidder's number. Property will be offered as follows: Please refer to the computer screen listing lot numbers, amount bid, bidder #, and "Hold"/"Sold" columns throughout the course of the auction. All bids placed will be in US dollars PER ACRE, multiplied by the number of acres in each lot chosen. 2. Three separate auctions will essentially be conducted to complete the sale of the Lehnert property as follows: Unit 1 - Nellie Consolidated Lode on Castle Creek, 71.92 Acres; Unit 2 - 15 contiguous mining claims within Mineral Survey #993, "Blossom et al Lodes"; Unit 3 - California Lode, 9.68 Acres. The entire property (17 lots) will NOT be offered together as a complete package at any time. 3. After opening statements and any questions the Auctioneer will ask for opening bids on high bidder's choice of individual lots 1-17. All bids taken will be in US dollars PER ACRE, multiplied by the number of acres in the lot(s) of your choice. As high bidder, you may choose any individual lots or any combination of lots offered. Auctioneers will calculate the bid, place your bidder number, and note "Hold" in the appropriate columns. 4. Auctioneers will then ask for bids on any remaining lots in the same manner until a price has been established on all 17 individual lots. 5. After a price has been determined on each individual lot, bidding will focus on finalizing the sale of Unit 1, "Nellie Lode on Castle Creek". 6. Upon finalizing the sale of The Nellie Lode, the electronic board will show the 15 individual lot prices as well as a combined total amount bid on UNIT 2, "The Blossom Lodes". The entire Unit 2 (combined), will then be offered at a price over and above this amount. Auctioneers reserve the right to set the minimum acceptable raise. The high bid on the entire Unit 2 will then be calculated and posted. If no bidding occurs on the entire unit, Auctioneers will offer and SELL the 15 individual Lots in consecutive order. ALL BIDS WILL BE FINAL. 7. However, Unit 2 will be offered in 15 individual lots and as an entire group until no further bids are received one way or the other. Multiple rounds of bidding may occur*. Once the property is offered, either individually or as an entire unit, without establishing an overall amount greater than the current high bid, the property will not be offered in that manner again. Upon determining the manner of sale, either in individual lots or as an entire unit, bidding will be opened briefly to establish the successful bidder(s). *Note: In the event that bidding occurs on the entire unit, individual lot bidders will be given the opportunity to advance their own bids in an attempt to achieve an overall amount greater than the entire unit bid. 8. Your competitive bidding, not the auctioneers, determine how many rounds will be held to determine the sale price and owners(s). 9. Upon completion of the Blossom Lodes, the sale of Unit 3, the "California Lode" will be finalized, beginning at the price established in the first round bidding. 10. "Sold" will be noted on the screen next to the appropriate lot(s). All property will be sold to the highest bidder(s) at absolute auction without minimum or reserve bid! When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Bradeen Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Bradeen Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Bradeen Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Bradeen Auctions further reserves the right to cancel and/or reopen the auction in the case of system failures. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium No Buyer's Premium Charged
Payment Terms
Successful bidders shall deposit 15% irrevocable earnest money auction day with the balance due upon closing, on or before August 12, 2016. OR, ATTRACTIVE SELLER FINANCING OFFERED, additional 15% down (30%), balance on contract for deed, up to 10 year amortization, including 6.9% interest, with entire balance due within 5 years. Cost of contract/escrow paid by buyer. Seller will furnish a warranty deed and policy of title insurance showing marketable title, this policy is available prior to the auction for inspection. Property is held debt/mortgage free. Mineral rights held by seller to transfer to buyer. Possession upon closing. 2015 taxes paid in full, 2016 taxes, based upon the 2015 levy will be prorated to closing date. Sold without buyer contingency of any kind, have financial arrangements secured prior to bidding. When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations.
No shipping or pick up will be available on this auction.