Eagle Lake Rd
Beecher, IL 60401
Nantucket Cove Subdivision · Land For Sale · 39.00 AC

AUCTION STARTS MARCH 4, 2020 visit www.awproperties.com for details and terms of the auction. Transwestern has been engaged as the exclusive sales representative to market and sell the fully-developed and unsold residual single-family home lots in the Nantucket Cove subdivision located in Beecher, Will County, Illinois. Beecher is located approximately 41 miles and a 50-minute drive from downtown Chicago. The offering includes 112 vacant single-family home lots, 13 common-area lots, a partially completed model home on a lot, and a partially completed foundation on a lot for the combined acreage of approximately 39 acres +/- for a total of 127 lots. The subdivision’s development started in 2005 with 171 marketable single-family home lots. To-date approximately 55 lots have been sold and most of these lots have homes and occupants. New home values have averaged in the mid to high $200’s. There are some homes in the $300’s++ range. Nantucket Cove is zoned as a R1-Planned Unit Development (“PUD”). The entire development is nearly complete with all roadways and utility infrastructure. A future Bike Path throughout the subdivision is the only remaining development requirement of the Village of Beecher. There are some excess dirt mounds on the property. For Sale by Court Appointed Receiver. PRICE = GOING TO AUCTION All Buyers must submit PROOF OF READILY AVAILABLE CASH or PRE-QUALIFIED FINANCING with all offers. Seller reserves the right to reject any offer. SOLD “AS IS”, “WHERE-IS” with NO WARRANTIES AND NO GUARANTEES. All inspections must be completed by prospective Buyer prior to submitting an offer. All inspections are at the Buyer’s expense. DIVISIBLE AT AUCTION. 10% Earnest Money Deposit is required to be deposited within 24 banking hours of a signed purchase agreement. Buyer will be responsible for all inspection and survey costs.