Second Sale Date:
Wednesday, September 9th @ 12:00 PM
More Information
5055 State Route 60 Wakeman, OH 44839 Wakeman TWP
Bidding starts at $1,466,667
An extraordinary 77-acre private estate featuring two exceptional custom homes built in 2003 and 2005, with nearly one mile of frontage along the scenic Vermilion River. This truly one-of-a-kind property offers breathtaking natural beauty, complete privacy, and endless possibilities.
A gated entrance with a charming guard house and artist's loft welcomes you to the estate, where a picturesque pond leads to the stunning main residence and separate guest home. The impressive two-story main home showcases an open-concept floor plan, a luxurious owner's suite, and an attached five-car garage that was thoughtfully designed to be easily converted into additional living or entertaining space.
The guest residence is equally remarkable, offering convenient single-level living with a full kitchen, spacious living suite, large bedroom, indoor swimming pool, fitness room, and two additional full bathrooms—ideal for extended family, guests, or a private retreat.
The land is simply spectacular. Towering mature trees, extensive wooded areas, gently rolling hills, open meadows, productive tillable acreage, and meticulously landscaped grounds create an unforgettable setting.
Adding to the property's unique appeal is an approximately 800-square-foot, climate-controlled luxury dog house featuring vaulted ceilings, HVAC, and two secure outdoor fenced exercise pens—a true canine dream home.
Whether envisioned as a prestigious equestrian estate, working farm, family compound, corporate or wellness retreat, luxury event venue, or future development opportunity, this remarkable property offers limitless potential. Rarely does an estate combine this level of privacy, natural beauty, thoughtful design, and versatility in one extraordinary offering.
Lot Size: 77.669 acres
Annual Taxes: $11,128
Plaintiff
Huntington National Bank
Defendant Name
James W. Steigner III, et al
Attorney
Carlisle Law
Viewing Dates
No interior viewings. Please do not trespass. This is considered a cash only sale with no financing allowed.
Property Map
Basic Terms:
* This is a Foreclosure Auction ordered by the Huron County Common Pleas Court. The foreclosure process intends to clear all liens and encumbrances on the subject property. You are encouraged to purchase Title Insurance at closing for an extra layer of protection.
* The property sells with a minimum opening bid of $1,466,667.
* The required deposit is $10,000.
* The successful bidder will be required to wire or direct deposit the above amount into the trust account of Ohio Sheriff Sales by 5:00 pm day of auction. If the deposit has not been made by stated time, the purchaser automatically authorizes Ohio Sheriff Sales to charge the credit card provided at the time of registration for the required deposit amount plus a 10% processing fee.
* The real estate is sold As-Is with no contingencies.
* Closing required within 30 days of court confirmation.
* No contract is signed after the auction. A one-page Purchaser Information Form is the only document that is required by the Court. See the Documents section of this listing for the form.
* A 10% buyer's premium will be added to the high bid to obtain the final selling price.
* Buyer pays all closing costs.
* Private Selling Officer Deed or equivalent given at closing.
* Provisional Auction Date: In the event the $ 1,466,667 minimum bid is not achieved on the first auction date, a second online auction will take place ending on Wednesday, September 9th @ NOON subject to no minimum bid.
* The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. This generally only comes into play when a property goes to the 2nd auction with no minimum bid, or the property sells for less than is owed for back taxes and court costs.
* BUYER DEFAULT: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and penalties including being found in contempt of court.
* CASH ONLY SALE: All sales are considered CASH ONLY with no contingencies. You MAY be able to obtain financing on properties where interior access is available. Banks and Mortgage Co’s will only lend on properties when they can receive an interior appraisal. Keep in mind, the purchase of the property is not contingent upon the result of the appraisal or being denied for financing. The property is being sold AS IS with no warranties or guarantees.
* BIDDING NOTES:
Bid Increment: Required bidding increment is $1,000 up to $500,000 and $5,000 thereafter. Max Bid: Place your 'Max Bid' in the bid box, click the bid button and select whether you want to raise to your maximum or bid the next increment allowing the system to bid on your behalf up to your max bid. You will be notified by email and or text if your maximum is exceeded by another bidder if you enable texts and emails. Bid Extensions: If a bid is placed in the last 3 minutes before the scheduled auction end time, bidding will extend back out to 3 minutes. Bid extensions will continue until a 3-minute period of time elapses after the stated auction end time with no advance in the bidding.