Bottles Auctions will be auctioning Priest Lake Area Endowment Land Cottage Sites for the Idaho Department of Lands on August 26, 2023 at the Coeur d’Alene Inn, 506 West Appleway Ave., Coeur d’Alene, ID 83814, commencing at 10:30 PDT. Please contact Bottles Auctions (208) 377-5700, emily@markbottles.com and jacob@bottlesauctions.com with all questions.
The bidding at auction will be for the Endowment Land LOT ONLY, and the cost for the improvements/cabins will be sold at a fixed price of their appraised value in addition to the high bid price for the Lot. The minimum bid for each Lot must meet or exceed the Reserve Price set forth below. Buyer to conduct all due diligence prior to auction. Property being sold “AS-IS” with NO CONTINGENCIES.
Legal Description: Lot 2, Block 1, Hess Point Subdivision, Bonner County
Lot Size: +/- 27,443 SF
Published Reserve (Lot Only): $1,814,000
Improvement: +/- 1,654 Sq. Ft. Improvement – 3 Beds, 2.5 Baths
Cashier’s Check to Bid, TOTAL Due Auction Day: $658,940
- $50,000 (deposit towards the purchased of the Lot)
- $1,800 (Title Commitment Deposit & Appraisal Fee)
- $18,140 (1% of Appraised Lot Value – Administration Fee)
- $589,000 Value of the Improvements
- Cashier Check made payable to: First American Title Insurance Company
Closing: Shall take place 30-60 days after the Auction, with potential 30-day extension.
Administration Fee: 4% of High Bid due at Closing.
The Appraisal is provided for informational purposes only, and neither IDL or Bottles Auction make any representation about the accuracy or completeness of the information therein.
