Shepherd Meadows Subdivision

Print

Shepherd Meadows First Addition
 DESCRIPTION  PIN  ADDRESS Zoning
 MINIMUM biD * New special Assessments
 BID

Twin A

58.728.0030

58.728.0040

3044 41 Ave S

3034 41 Ave S

 RLD-2 $70,800 $3,926.60  $3,926.60
Opens May 4
Twin B

58.728.0050

58.728.0060

3030 41 Ave S

3026 41 Ave S

 RLD-2 $70,800
$3,926.60 $3,926.60
Opens May 4
 Twin C

58.728.0070

58.728.0080

3022 41 Ave S

3018 41 Ave S

 RLD-2 $70,800  $3,926.60 $3,926.60
Opens May 4

 Twin D

58.728.0090

58.728.0100

3014 41 Ave S

3010 41 Ave S

 RLD-2 $72,500 $3,926.60 $3,926.60
Opens May 4
 Single Family
58.728.0160
3017 41 Ave Ct S
 RLD-1 $65,000 $6,544.34 Opens May 4
 Single Family
58.728.0280
3054 41 Ave Ct S
 RLD-1 $56,800 $6,544.34 Opens May 4

*Price Includes Land & Prior Specials. Up to 60% of the lot price may be assumed as special assessment and will be prorated and amortized over 20 years at existing special assessment projects and interest rates. After closing, the owner has two (2) years to construct a home upon the lot. If a home is not completed within two years (documented by a Certificate of Occupancy), the lot will revert back to City ownership and the buyer forfeits all cash payments.

Twin Home Lots

Twin home lots are offered for sale in pairs only. However, it is possible that three styles of homes could be constructed on the properties: 1) a standard attached twin home; 2) two detached twin homes known in the market as “skinnies;” or 3) a single family home by combining the two parcels and capping services to one parcel.

New & Prior Special Assessments

The first installment for new & prior special assessments within Shepherd Meadows will begin in 2018.

Process to Purchase

  1. Review Period - Information will be available for review before and during the bidding process.
  2. Electronic Bidding - Electronic bidding will be open for a period of 48 hours not including weekends. Bids will be accepted beginning May 4, 2017, at 8:00 a.m. and will close on Monday, May 8, 2017, at 8:00 a.m.
  3. Winning Bid - The highest bid which is equal to or greater than the minimum purchase price listed above will be notified and may proceed to a purchase agreement. In the event that a purchase agreement does not proceed, the next highest bidder will be notified and proceed to purchase. In the event of a tie bid, both bidders will be allowed another 24 hours to submit a bid and the highest bid in that round will proceed.
  4. No Bid - If no bid is submitted for a given lot(s), it will be sold on a "first come, first serve" basis.

Purchase Agreement

Highest Bidder will submit a “Buyer Intake Form” and earnest money check of $500 per single family or twin home lot pair within 24 hours of notification. The check holds the lot for 7 business days to give both parties time to execute a purchase agreement(s). In the event a purchase agreement is not signed within 7 business days, the earnest money is returned and the parcel(s) is once again available to the next highest bidder and proceed as above. Once a Purchase Agreement is signed by both parties, conditions of the Purchase Agreement apply and the earnest money is not refundable.

Date of Closing

Parties should be prepared to close on the real estate sale within 60 days from the date of the signed Purchase Agreement, as stated in the Purchase Agreement.

 Related Documents - Shepherd Meadows

Questions? Contact Us
  • Email
  • Phone - 218.284.LAND (5263)