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Idaho to auction Priest Lake lots Thursday |
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August 26, 2014 |
This is a
press release from the Idaho Department of Lands
that we are including here for the information
of our readers.
The Idaho Department of Lands (IDL) will auction
59 lakefront Priest Lake lots for deeded
ownership during a live public auction Thursday
in Coeur d’Alene.
WHAT: Priest Lake Cottage Sites
Voluntary Auction for Ownership
WHEN: Thursday, August 28, 2014
beginning at 1:00 p.m. PST
WHERE: Coeur d’Alene Resort,
115 S. 2nd St., Coeur d’Alene
Lots will be auctioned in groups of
approximately 15 lots. There are four groupings
of lots. The first group will be auctioned
beginning at 1 p.m., the second group at 3 p.m.,
the third group at 5 p.m., and the fourth group
at 7 p.m. It is expected to take less than an
hour to auction the lots in each grouping.
All auction property is waterfront. A
comprehensive list of lots organized by
neighborhood is available on the Corbett Bottles
web site at this link:
http://www.corbettbottles.com/
The bid price at auction will be for the LOT
ONLY. The land is owned by the State of Idaho
and managed under a constitutional mandate to
maximize long term financial returns for public
schools. The homes and other personal property
on the land are privately owned by the
individuals and families that lease the land
from the State. Property being sold “AS-IS,”
with no contingencies. If someone other than the
individual who currently leases the land is the
successful high bidder, that person must pay the
lessee for the value of their cabin and other
improvements.
For details on the auction,
see the attached fact sheet by clicking here.
Previous announcements from IDL indicated a
higher number of lots to be auctioned, but some
participants chose not to proceed to auction. |
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