Own Your Own Mountain Top

Action Auction

Action Auction

Auction Location: 5292 Morning Star Loop, Finland, MN 55603

Phone: 320-980-6424

Lot Categories: Commercial Property (1)

Auction Closed
11/01/2019 07:00 pm

Closed



Showing 1 to 1 of 1 items

Current Bid: $216,000.00
Next Required Bid: $217,000.00
High Bidder: #240849

Reserve Not Met

Began Closing:
Friday 11/01/2019
07:00 pm CDT

Lot is Closed

 


Auction Details:

LOOKOUT MOUNTAIN

OWN YOUR OWN MOUNTAIN TOP IN FINLAND MN.

100 Acres Of PRIME NORTH WOODS with 43 Houses and RV Hookups

5292 Morning Star Loop 1 Hour 15 Minutes From Duluth Off Highway 61

 

 

LOOKOUT MOUNTAIN 

OWN YOUR OWN MOUNTAIN TOP IN FINLAND MN.

100 Acres Of PRIME NORTH WOODS with 43 Houses and RV Hookups

5292 Morning Star Loop 1 Hour 15 Minutes From Duluth Off Highway 61

 

 

Inspection

Auction Closing:

Fri, Nov 01, 2019
07:00 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Buyer's Premium
2.00%


This auction is contracted and managed by: Action Auction

Manager: Suzie Scoles


This auction is contracted and managed by Action Auction House   

This affiliate accepts Visa, Mastercard, Discover, American Express and Cash

There is a 2% Buyers Premium that will be charged on this auction to establish the purchase price. 

$10,000 Earnest Money Down 

Buyer Broker Compensation 2% - must be submitted and approved within 48 hours of the auction close.  Please call Action Auction with questions.  

Need to be registered 48 hours before the  end of auction.

Tri County Abstract From St Cloud Will be handling the closing.


Auction Terms Addendum

This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

  • Items with a reserve will not sell unless the reserve price is met.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.



5292 Morning Star Loop
Finland
MN, 55603


Phone: 320-980-6424

Shipping available upon request.

Buyer pays all shipping charges plus a $5.00 handling fee for each package shipped.

Everything shipped through the United States Postal Service.