Nojack Log Home
Sold on May 4, 2018
from 1:00 PM to 1:00 PM UTC
Location
Nojack, AB
Sale Size
1 Parcel, 158.97
Final
$540,000
Located just 90 minutes west of Edmonton, this quarter is truly a diamond in the rough. This stunning custom-built log home sits majestically at the doorstep to the foothills of the Rocky Mountains. The quarter is a mix of open yard, previously harvested regrowth as well as boreal forest.
Located just 90 minutes west of Edmonton, this quarter is truly a diamond in the rough. This stunning custom-built log home sits majestically at the doorstep to the foothills of the Rocky Mountains. The quarter is a mix of open yard, previously harvested regrowth as well as boreal forest.
Sale Details
Documents To Review
Sale Description
The Nojack Log Home Hideaway is located just ninety minutes west of Greater Edmonton. Whether looking to escape the concrete jungle on weekends or wish to live closer to your work, this Log Home Hideaway is truly a diamond in the rough. Situated on a full quarter section, it is located in Yellowhead County, south of Nojack, only four kilometers off Highway 16.
This stunning custom-built log home was constructed in 2011 and sits majestically at the doorstep to the foothills of the Rocky Mountains. Tucked away from the main road, it is a place your family can call its own and make special memories. Aspens and larch in the front give way to mature pine and spruce in the rear of the quarter. The quarter is a mix of open yard, previously harvested regrowth as well as virgin boreal forest. With dozens of trails leading through the forest, the property is perfect for quadding in the summer and snowmobiling in the winter. The log home gives the utmost feeling of serenity. Jump on your ATV and follow the trails for the day, stopping at your little cabin in the back, nestled in the trees. Go camping on your very own property. The quarter is bordered on the west and south by crown land where wildlife is abundant - elk, moose, deer, bear, lynx and rabbits inhabit the area. The perimeter of the quarter is fenced with the interior cross fenced. Approximately ninety acres is cleared providing pasture for livestock.
Entering down the lane, the grandeur of the log home draws one to attention. The wraparound veranda invites you to sit outside with your coffee watching the sunrise, while listening to the birds sing and trees rustle. The home has twenty-five hundred square feet of living space with an additional fifteen hundred square feet of partially developed walk out basement allowing light and beauty to fill the lower level. The exquisitely crafted high vaulted wood ceiling is professinally insulated, making for cozy living areas heated from the wood burning stove in the center of the room. The main floor, with several grand windows, showcases an open concept with beautiful hickory cabinets and granite countertops contrasting the wood features. The master bedroom and its huge ensuite is situated in privacy at the one end of the home. The magnificent log stairway leading upstairs is without a doubt the focal point of the main living space. Upstairs, there are two bedrooms and a sitting area. Throught the home, it is clear to see the fine craftmanship and choice of superior fixtures.
The Log Home Hideaway is perfect for any demographic. Looking to escape the rat race on weekends - this Hideaway offers to Edmontonians what Whistler offers to residents of Vancouver, for millions less. Drive out after work on Thursday or Friday and take a short-day trip to Jasper National park hiking or skiing for the day and return in the evening to the privacy of your own log home, for an evening of warmth and relaxation with friends and family. Spend the evening sitting around the fireplace reading a book or playing a game of cards. Spend your Sunday cross country skiing on your own land before making the short drive back into Edmonton to start the work week. When done with the rat race, make the Hideaway your retirement home in perfect proximity for friends to visit while still close enough to enjoy day trips to the mountains. Having moved, the owners are motivated to sell with the Starting Bit set at well below the cost of the log home alone. Check the website for details including open house dates, for registered bidders only, early in February.
Nojack Log Home is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
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Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.
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