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June 25-29 - Frazee Real Estate Auction

Online Only Real Estate Auction

11 Tracts Located in the City of Frazee

4 Lake Lots on Town Lake, 2 Side Lots, and 5 Back Lots

Located on Walnut Ave in Frazee

Opens Monday, June 25th - Closes 12PM, Friday, June 29th

Location/Directions:

From the gas station in Frazee go across the rail road tracks, immediately turn right and head NW on Old Hwy 10 (Juniper Ave W), go 4/10ths of a mile and turn left on 4th street by the dollar general, follow 4th street and turn right on Walnut Ave W and follow to the lots.  All lots have signs.  From Detroit Lakes head East on hwy 10 turn left on the first Frazee Exit, turn right on 4th street, turn right on Walnut Ave W.

Auctioneer’s Note:

11 Tracts Located in the City of Frazee

4 Lake Lots on Town Lake, 2 Side Lots, and 5 Back Lots - Located on Walnut Ave in Frazee

Auction bidding opens Monday June 25th and Closes Friday June 29th at 12PM Noon

Watch the online bidding and websites for updates.  Buyers make sure to read all terms on the online bidding before bidding! 

No Special Assessments on any of these lots!

Sellers will consider a Contract for Deed for a Financing option with the following terms: 20% down, monthly payments, 6% interest, can be amortized over 10 years with a balloon payment in 2 years for the back lots, and 5 years for the lake lots.  Ask for more details.  Contract for deed options can be subject to change per lot depending on the price and the seller has to right to accept or reject any contract for deed options.

City sewer and water are ran to the edge of these lots.  Septic system pump will be needed for each property as this is a pressure septic system.

Terms: Call or ask for full terms or view when bidding online.  Property sells with confirmation of the seller.  This is an online only bidding auction.  Earnest money is $2000 per lot.  There is a 3% buyer’s premium on this auction.  There are covenants and restrictions on these lots.  Call to have a copy emailed or mailed to you.  All lots have been surveyed. 

Tract 1 - Lake Lot with sandy beach, 435 Walnut Ave, Lot 2 Block 1, parcel number 500234202, approximate dimensions 96 ft x 305 ft, and approximately 32,700 square feet, taxes are $678 for 2018.

Tract 2 - Lake Lot with sandy beach, 431 Walnut Ave, Lot 4 Block 1, Parcel Number 500234204, approximate dimensions 105 ft x 315 ft, approximate square feet 34,400, taxes are $678 for 2018.

Tract 3 - Lake Lot with sandy beach, Split from 417 Walnut Ave, Block 1 Lot 6 and parcel number 500234206.  Also known as Tract A from the recent survey, approximate dimension 135 ft x 340 ft, approximate square feet 51,100, taxes are to be determined and for both Tract 3 and 4 the taxes were $1988 for 2018.

Tract 4 - Lake lot with sandy beach, Split From 417 Walnut Ave, Block 1 Lot 6 and parcel number 500234206.  Also known as Tract B from the recent survey, approximate dimension 135 ft x 350 ft, approximate square feet 52,400, taxes are to be determined and for both Tract 3 and 4 the taxes were $1988 for 2018.

Tract 5 - Side Lot, 413 Walnut Ave, Lot 7 Block 1, parcel number 500234207, approximate dimensions 224 ft x 276 ft and 185 ft, approximate square feet 54,524, taxes are $332 for 2018.

Tract 6 - Side Lot, 409 Walnut Ave, Lot 8 Block 1, parcel number 500234208, approximate dimensions 183 ft x 276 ft, approximate square feet 54,333, taxes are $332 in 2018.

Tract 7 - Back Lot, 420 Walnut Ave, Lot 7 Block 2, parcel number 500234227, approximate dimensions 188 ft x 378 ft, approximate square feet 71,307,  taxes are $350 in 2018.

Tract 8 - Back Lot, 424 Walnut Ave, Lot 6 Block 2, parcel number 500234226, approximate dimensions 207 ft x 378 ft, approximate square feet 88,155, taxes are $316 in 2018.

Tract 9 - Back Lot, 430 Walnut Ave, Lot 4 Block 2, parcel number 500234224, approximate dimensions 105 ft x 354 ft, approximate square feet 37,425, taxes are $314 in 2018.

Tract 10 - Back Lot, 432 Walnut Ave, Lot 3 Block 2, parcel number 500234223, approximate dimensions 105 ft x 341 ft, approximate square feet 36,149, taxes are $312 in 2018.

Tract 11 - Back Lot, 434 Walnut Ave, Lot 2 Block 2, parcel number 500234222, approximate dimensions 104 ft x 242 ft and 341 ft, approximate square feet 31,549, taxes are $302 in 2018.