445 Waldeck Dr, Twin Lakes, WI 53181

Up for Auction is a Lake Mary Cottage and 2 Lakefront Lots Auction Date: Monday, May 25th ? 2:00pm CST Property Tours: May 3rd 2-4pm, May 13th 5-7pm, May 17th 2-4pm The bidding will begin at $100,000 for the cottage and $50,000 for each of the lots. Nestled on a ½ acre with 60 feet of swimmable frontage, the rustic 2 bedroom, 2 bathroom cottage is perfect for creating the priceless memories of summer spent at the lake. This cottage currently generates $40,000 in gross revenue per year when rented nightly or weekly. The two lots are both a ¼ acre and would easily accommodate a new home on each lot. Lot A offers 33 feet of level frontage, while Lot B offers 32 feet of level frontage. Since the lots are adjacent, one could purchase both and combine them for a total of 64 feet of frontage and a ½ acre lot. Both lots feature sandy beaches with excellent swimming and permanent floating piers. Auction Registration: To register and bid you will need a valid photo ID. Registration will be from 1pm to 2pm on Monday, May 25, 2009. Registration and the auction event will take place at 445 Waldeck Drive, Twin Lakes, WI 53181. Terms: A $10,000 earnest money payment will be due immediately after being declared the winning bidder. The balance is due at closing within 60 days of the auction date. It shall be buyer's responsibility to verify all information as the property is being sold in "AS-IS" condition with no contingencies. Buyer's Fee: A 7% Buyer's Fee will be added to the winning bid price to arrive at the total contract price paid by the purchaser. Those who submit an offer at least 48 hours prior to the auction will only pay a 5% Buyer's Fee. If there are offers submitted prior to the auction, the highest offer will become the starting bid. William Jensen, Registered Wisconsin Auctioneer #2469-052 For more information please call 262-244-0708 or visit us online at: www.CapitalCrownAuctions.com