80 ACRES Real Estate-Independence Property, Oregon

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HUNTSVILLE, UT 84317

Date(s)

4/8/2024 - 6/1/2024

AUCTIONEER INFORMATION

Gold Rush Art Gallery

385-421-2276

Catalog

Bidding Notice:

Properties are sold as is, where is. Buyer to verify all information. It is recommended that perspective buyers conduct their due diligence including in person visit to the properties. Properties are all sold free and clear of all liens and encumbrances. 6% Buyer's Premium on final hammer price $649 Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on ... Show More

Auction Notice:

Earnest Money deposit of $5000 due at auction close. Request for earnest money deposit will be sent to email address of winning bidder within 24 hours of auction close. Failure of this charge will negate your bid and item will revert to next high bidder. Full payment due within 5 business days. Payment for Property balance must be made by guaranteed funds. Wire Transfer, Cashiers Check, ... Show More

Lot #	22
Group - Category	Real Estate - Ag / Farm Land
Lead	80 ACRES Real Estate-Independence Property, Oregon
Description	NO RESERVE Auction for 100% ownership of the Independence Mineral Property. Eighty (80) Acres. Ordered foreclosure due to lessee default. Property appraised at $415,000. Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. Please see legal description for more information. 6% Buyers Premium $695 Documentation/Closing fee. It is recommended that perspective buyers conduct their due diligence, including in person visit to the properties. If you are unclear on any aspects of ownership of real property, MRO, SRO or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations. The Independence Property will be sold to highest bidder with NO RESERVE. Legal Description: Independence Property - MRO Serial: ORMC176447, ORMC176448, ORMC172897 Grant County, Oregon SEC 22, T8S R35-1/2HE, Willamette Meridian. 100% MRO The property has been appraised at $415,000 based on value of Measured Blocked Reserves and Surface Material. The Independence is a fully surveyed, Eighty (80) Acre Mineral property located in Grant County, Oregon. The property was surveyed and verified in 2016 and 2020. The Independence Mine is the larger development of the Cougar/Independence Mines. The Independence consists of over 2000’ of workings on gold veins and lodes running through the property. The mine was last worked in 1950 and had produced 22,509 oz of gold since 1907. Reserves have been estimated but not blocked. The ore at the 650 (main) level was reported assayed at 1.06 oz/T AU, and Gold has been recovered intermittently by small operators since 1957 until 1983. The Independence property also boasts a large mill which was in production as late as 1942 when it was completely rebuilt. Today it is largely collapsed and unusable. There are considerable tailings, of which some are working into the creek in the form of fine black sands with some fleck gold. The maps of the workings at the Independence are not complete by any means and blocked reserves are mapped and noted. The mine was shut down in 1950 due to the death of the mine foreman and never re-opened on a commercial scale. Today the mine has fallen largely into disrepair. There are some buildings intact at the main camp. The main drift is open and accessible but contains a few inches of water from blockages at the front of the mine. The entire workings have not been fully mapped since 1983 and the conditions are overall unknown. The mill building is visible and contains good waste dumps that were “poorly processed” according to historical reports. These dumps assayed 0.7 oz/T AU and 4 oz/T AG in 2016. The mine is ready for immediate development and according to oral communications shows exposed gold veins in or around the 900’ area with lodes trending generally WSW. This assertion lines up with outcrops located at old mine sites in direct line with the veins. There is running water on the property, this could be utilized for operations or for drinking water if properly treated. Riparian rights apply to water and timber. No permitting is included or implied. Bidder is responsible for all diligence and validation of information provided. This is a NO RESERVE auction. 100% interest and ownership of the properties will be transferred to the winning bidder. Winning bidder will receive the deed to the property, clear and unencumbered title of ownership. Property conveyance includes 100% interest and ownership (MRO) of all locatable minerals. Rights to development are also included with ownership of the mineral properties. Conveyance does not include exclusive surface ownership(SRO). These properties are suitable for mineral development and mining activities. It is recommended that potential bidders obtain legal advice if they are unclear of the caveats or stipulations related to mining properties. Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide. Ownership transferred by Quit Claim Deed with no caveats or restrictions. Warranty Deed is available at additional fee.

Name	Western States Land & Real Estate Foreclosure Auction
Auctioneer	Gold Rush Art Gallery
Type	Online-Only Auction
Date(s)	4/8/2024 - 6/1/2024
Auction Date/Time Info	Auction will Start Monday, April 8th 8:00am (MST). Auction will end on Saturday, June 1st starting at 12:00PM MST. Each lot will soft close.
Preview Date/Time	Perspective Bidders/Buyers may visit properties without prior permission from 04/09/2024 until 05/29/2024. Buildings and locked structures are not accessible without a property representative. Please contact us to set up a time for access. Seller is not responsible for access, weather or other impediments.
Checkout Date/Time	Earnest Money deposit of $5000 per lot is due within 24 hours of auction close. Request for payment will be sent to the winning bidders email on file. Failure to meet this deposit will result in forfeiture of bid and item will be offered to next high bidder. Full payment due within 5 business days from the end of the auction. By Friday, June 7th, 2024 at 4:00PM MST.
Location	7355 E 200 S HUNTSVILLE, UT 84317
Buyer Premium	6% buyers premium required
Description	Spring collection of properties from all over the western United States. Utah, Montana, Colorado, California, Nevada, Oregon and New Mexico. Properties have been ordered sold at NO RESERVE. Residential, Recreational, Historic, Patent, SRO, MRO and more. Properties are professionally surveyed and will be sold with clear title. No back-taxes, liens or other encumbrances. Properties are sold fee simple absolute. These are properties that have gone under foreclosure for lack of payment and are now clear and ready for transfer. Residential properties with well and septic in Montana. Rare buildable lots in the hills above Idaho Springs in Colorado. Tax foreclosure in Utah, Mining cities in Oregon, Silver Mines in Colorado, Gold mines in Montana, Colorado, Oregon and much, much more. All to be sold at NO RESERVE. 6% Buyer's Premium on final hammer price. $649 Closing/Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on title. Additional owners may incur additional fees. Transfer of interests via Quit Claim Deed. Warranty deed available at additional cost. Ownership of the property transferred in full with no caveats or restrictions. No HOAs or other title restrictions. It is recommended that perspective buyers conduct their due diligence prior to any bidding, including "in person" visit to the properties. Map links to property is included in auction links for each property. If you are unclear on any aspects of ownership of real property or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations.

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment

Currency	USD
Buyer Premium	6% buyers premium required
Payment Terms	An Earnest money deposit is required for each lot at closing. This earnest deposit is $5000. A request for payment will be send upon close of auction. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits will be given. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. Full Payment is due within 5 days of Auction Closing. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. Payment in full is required within 5 business days of auction end without exception. Failure to make payment in required time will result in the lot being offered to the next highest bidder. Earnest money deposit will NOT be refunded. Invoices must be paid by guaranteed funds (Wire Transfer, Certified Bank Check, Cash). This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any back taxes, encumbrances or liens. Warranty deed is available for $1295 on any property.

Lot # : 22 - 80 ACRES Real Estate-Independence Property, Oregon