Builder’s Auction – 4 Lots Sold as a Package Poconos, PA
Don’t miss this opportunity to purchase four buildable lots being sold together in one bid in a desirable, amenity-filled Pocono Mountains community with very low HOA fees.
This is an absolute auction with a starting bid of $10,000.
Online bidding closing on Sunday, April 19th at 6:00pm
Preview and Inspections are by appointment or drive by.
Location: Shadblow Rd, Pocono Summit, PA 18346
View the property details and register to bid on our ONLINE BIDDING PLATFORM: bid.geyerauctions.com
Located in Stillwater Lake Estates, a private community in the heart of the Poconos, this property offers the perfect setting for full-time living, vacation homes, or future development. The community features over 750 property owners who enjoy access to a beautiful lake for boating, fishing, and swimming.
Community amenities include:
Lake access with boat dock area
Private beach
Community center
Playground and park area
Basketball court
Tennis and pickleball courts
The central location provides easy access to the region’s top attractions, including ski resorts, snow tubing, indoor and outdoor waterparks, hiking and biking trails, casinos, shopping, dining, and entertainment.
Recent home sales in the community are in the low to mid $400,000 range, making this an excellent opportunity for builders, investors, or buyers looking to build in a sought-after Pocono location.
There are a total of 4 Lots. Lot 415, 416, 417, and 418. They are joined into 2 parcels at this time to reduce the carrying costs.
HOA Fees: $850.00 x 2
Lot Size:0.47 acres X 2 and 0.54 x 2
Taxes:$239.00 & $251.00
Parcel Numbers:19.4B.1.227 & 19.111934
Water & Sewer: Will require on-site utilities
Zoning: Residential
Area: Land
View the property details and register to bid on our ONLINE BIDDING PLATFORM: bid.geyerauctions.com
Geyer Auction Companies
AY-000243-L
484-239-3273
Buyer’s Premium
A 10% buyer's premium will be added to the final bid amount on all real estate purchases. This premium is in addition to the winning bid and will be included in the total purchase price that is due at closing.
Deposit
A 10% deposit of the total purchase price will be required at the close of the auction, immediately following the auction's conclusion. This deposit will be held in escrow until closing.
Balance Due / Settlement
The remaining balance of the purchase price (i.e., the total amount minus the deposit) will be placed in the escrow account of Seller’s attorney within 72 hours of auction ending. Settlement will be completed by Seller’s attorney.
Free and Clear Title
The property will be conveyed with a free and clear title, meaning there are no outstanding liens or encumbrances on the property. The seller guarantees that the title to the property will be marketable and will be delivered to the buyer at closing.
Sale Subject to Seller’s Confirmation
The sale of the property is subject to seller’s confirmation. The seller has the right to accept or reject the final bid within a specified period after the auction closes. If the final bid is not confirmed by the seller, the deposit will be refunded to the bidder.
No Contingencies
This sale is not contingent upon financing, inspections, or any other conditions. The buyer is purchasing the property as-is, and it is the buyer's responsibility to perform any due diligence or inspections prior to bidding. By placing a bid, the buyer agrees to purchase the property as-is, with all faults, and with no right of rescission.
Closing Costs
The buyer pays closing costs, including but not limited to, title insurance, recording fees, and settlement charges as well as PA transfer tax.
No Auctioneer Liability
The auction company, auctioneer, and seller make no representation or warranties regarding the property, including but not limited to the accuracy of the property description, square footage, lot size, zoning, or environmental condition. Buyers are encouraged to verify all information before placing a bid.
Default
If the buyer fails to close the transaction within 5 days or fails to pay the required deposit, the seller may cancel the sale and retain the deposit as liquidated damages. The auction company and seller reserve the right to pursue any legal remedies available to enforce the terms of the sale.
Legal Compliance
By registering for and participating in the auction, the buyer agrees to comply with all applicable local, state, and federal laws concerning the purchase of real estate. The buyer also agrees to accept responsibility for any applicable zoning, permits, or other legal requirements associated with the property.
Auction Finality
All bids are final and binding. Once a bid is placed, it cannot be retracted. By bidding, you are entering into a legally binding agreement to purchase the property in accordance with these terms and conditions.
