12 Unit Condo Lots Available in Spring Lake, Michigan
Includes 6 boat slips!
Looking for some waterfront property for your next investment? Check out one of our next auctions coming up on Wednesday, December 18th! 12 Condo Unit Lots and 6 Boat Slips on the Grand River in Spring Lake, Michigan are being sold in an online real estate auction. This land is currently bank owned, and is located in Marina Bay Condominiums. This land is in a prime location on M-104 (Savidge Rd) and just off US-31 between the Grand River and Spring Lake, and presents a great investment opportunity for any buyer. The condo lots have cement pads already poured. However, the boat slips are in need of repair. Please see additional information about the property on the auction site. Quarterly dues for the un-built condos are $7,950 per quarter. (half of the normal assessment). There was a lawsuit in 2014 about the dues and the settlement states that the owner/ buyer is responsible for half of the dues until there is a certificate of occupancy ($7,950 is half of the normal). Have you always wanted to have a place to dock your boat? This auction lot includes 6 boat slips! The boat slips are $4,400 yearly, due in January. The association has issued notices for repair of the slips and it will be the responsibility of the buyer to repair the damages.
If you are interested in bidding on this property, check out the information below or click the purple button to go straight to the auction site! If you have any questions about our auction process, please feel free to contact us! We want to make sure that you feel confident when bidding so that you can win the property of your dreams!
Lot Contact: Jordan Miedema
Phone: (616) 460-8936
Address: 0 Savidge St. City: Spring Lake State: Michigan Zip: 49456
SEV: $297,000 (2019 combined)
Taxable Value: $157,590 (2019 combined)
Winter Taxes: $1,100.34 (2019 combined)
Summer Taxes: $8,212.38 (2019 combined)
School District: Spring Lake Schools
The starting bid for this property is $5,000 with a bid increment of $500.00. Pre-bidding will take place until the auction opens on December 18th. The auction will close the same day at 7pm. Happy bidding!