Bonnett Way, Florence, OR 97439 - Lane County

PUBLISHED RESERVE: $68,500

APPRAISAL: $98,000

SIZE: .52± Acre

ZONING: RR - Restricted Residential

PROPERTY INSPECTION: Gated Community - At Any Time. Call Auction Information Office for inspection.

FINANCING: Subject to Seller's approval of Purchaser's credit: A 25% 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.

DESCRIPTION: This half acre homesite is located at Fawn Ridge West, one of Florence's newer gated communities, in the area north of the city. Florence is Oregon's largest central coast resort and retirement community, and Fawn Ridge West is near Heceta Beach, golf courses, a casino and the historic Old Town area along the Siuslaw River. A total of 80 homesites have been developed in Fawn Ridge West and East, with custom homes constructed in the $500,000 to $900,000 price range. The common areas, sidewalks, and roadways are maintained by the homeowners' association, with annual dues of $275 per homeowner.

The homesite is located at the end of Bonnett Way. All utilities are underground. There are CC&R's and architectural design guidelines in place for the development (see Supplemental Information Package for details).