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Oscoda, MI Sec 24-27N-2E
Oscoda, MI Sec 24-27N-2E
Oscoda, MI Sec 24-27N-2E
Lot Number:5520.45
Quantity:1
Buy Now:$31,500.00

This is a line item from the Michigan Basin Mineral Estate PICK YOUR TRACT list. Additional information and a list of all tracts being sold is available in BidEx Auction Lot 5520.

140 Net Mineral Acres (140 Gross Acres) in Section 24, Township 27N, Range 2E in Oscoda County, Michigan.  

All minerals are perpetual and include all formations.

There is no cost whatsoever in owning minerals in Michigan. No property taxes, etc. Also, there is no Michigan Income Tax on Royalty Income. Severance Tax is in lieu of Michigan Income tax on royalty.

Fixed Price $225/NMA.

MCEE will file the Mineral Deed for the winning bidder.  The recording fee is $120.00 and will be added to the invoice. 

This is a Buy-It-Now auction with one lot available for immediate purchase. To purchase this lot, click on 'Buy Now' and click 'Buy'. The total amount will be shown. Click 'Buy Now' to complete the purchase.  An invoice will automatically be sent immediately following the sale.

County:Oscoda
State:MI
Acres:140 NMA (140 Gross)
Legal Description:E/2 NW/4 & W/2 NE/4, EXCEPT parcel of land described as: Commencing at N/4 corner of said Section 24 which is P.O.B.; thence S 88 deg 28’30” E, along North Section line, 130.00 feet; thence S 00 deg 15’05” E, 1000.00 feet; thence N 76 deg 52’44” W, 994.49 feet; thence N 00 deg 15’05” W, 800.00 feet to North Section line; thence S 88 deg 28’30” E, along North Section line, 838.00 feet back to P.O.B. Sec 24-27N-2E.
Lot Summary 5520- 45.pdf