Florence, OR 97439 - Lane County

PROPERTY INSPECTION: Gated community, call Auction Information Office for inspection.

FINANCING: Subject to Seller's approval of Purchaser's credit: A 50% down payment with the balance secured by a first deed of trust, amortized over 20 years at 6.5% interest, calling for monthly payments of principal and interest; all due and payable at the end of three years.

These six homesites and 1.2± acre development parcel are located in the gated hillside community of Rhodoview Dunes Estate, overlooking the Oregon Dunes golf links and city of Florence, with views of the Pacific Ocean. The homesites have excellent access to two golf courses, Three Rivers Casino and Hotel, Old Town Florence, and ocean beaches. The auction reserve prices have been established at up to a 70% discount from last asking prices by the developer in order to accelerate sales of this remaining inventory by year-end. Special financing is being provided as an additional incentive. The wooded homesites are primarily west-facing slopes along a hillside, providing opportunity for views from both main and upper levels. All utilities are underground with protective CC&R's and architectural guidelines. Annual homeowner association fees are $120. (See Supplemental Information Package for details.)Auction Property #114 is a 1.25 acre parcel along Ocean View Drive that could be subdivided into four homesites, or divided into two large homesites. Rhodoview Dunes Estate has a total of 60 homesites with 29 homes that have been constructed in the $300,000 to $350,000 price range. Ronald G. Mann Building, a custom homebuilder in Florence and a seller, is offering buyers of any of the auction properties a special incentive program for construction of a custom home. (See Supplemental Information Package for details.)

Township 18 South, Range 12 West, Section 24. From Highway 126 take Munsel Lake Road to 31st Street and then right up the hill to the entry of Rhodoview Dunes Estate.