SPACE 1020 PUBLIC AUCTION

Lakefront Opportunity in
Corvallis, OR

Looking for a rare lakefront space to make your own? This beautiful location on Colorado Lake offers peaceful water views and the chance to create a fresh start in a friendly, resident-owned community.

The existing 1972 Broadmore manufactured home (Home ID 157575, Serial No. S0892AB) will likely need to be removed. The space also requires yard cleanup and landscaping, but the reward is a lovely lakefront homesite in one of Corvallis’s most desirable cooperative communities.

Minimum Bid: $2,010.78 (includes October space rent)
Address: 34360 NE Colorado Lake Drive #1020, Corvallis, OR 97333
Monthly Space Rent: $565 (includes water, sewer, and basic household trash)

The successful bidder will be responsible for:

• All repairs, cleanup, and removal as needed

• Compliance with community rules and standards using licensed contractors and required permits

• Disposal of any remaining personal property

Note: The home and contents are sold as is. The home may contain toxins such as asbestos, lead, or mold. Bidders are encouraged to perform their own due diligence before submitting offers.

Bidding Details:

• Sale is by private, sealed bid

• Minimum bid: $2,010.78 (offers below this amount may be considered)

• Bids must be received by October 31, 2025, at 11:00 a.m.

• Deliver sealed bids to:
  Tamie Kaufman, Cooperative Management, Inc.
  PO Box 490, Gold Beach, OR 97444

Community approval is required prior to entering a lease or storage agreement. As a member of the cooperative, you’ll enjoy the benefits of resident ownership—stable lot rent, a strong sense of community, and the opportunity to have a voice in shaping the future of your neighborhood.

PUBLIC AUCTIONS

Sometimes, abandoned homes are sold to the public. If you are interested in buying one, follow these steps:

Step 1: Visit the Home

Make an appointment to see the home and space.

It is a good idea to bring a home inspector or a licensed general contractor. Homes are sold “as is” (in their current condition), so you need to know what repairs are needed before you bid.

Step 2: Make a Bid

If you decide to bid on a home, follow these instructions:

1. Write your bid on a piece of paper and include:

Your full name

Your address

Your phone number

Your email (if you have one)

The amount you are bidding (in US Dollars)

The Home ID and space address

Your signature

2. Put your bid in a blank envelope and write on the front:

“Sealed bid for (Home ID and space address)”

3. Put that envelope into a mailing envelope and send it to the address in the sale advertisement.

Your bid must arrive before the deadline at the published address to be valid.

Step 3: What Happens Next?

Management will open all bids and pick the highest one.

If two bids are the same, the one with the earlier postmark (date mailed) will win.

If it is still a tie, a coin flip will decide the winner.

-Important Rules-

Bidders must be able to pay with a cashier’s check for the purchase price and have enough funds to also cover:

-Property Taxes-

-Title Transfer Fees-

-Monthly Space Lease Fees-

Buyers must become members of the cooperative and meet the membership requirements and full time residents. Please review the member benefits and the perpetual space lease for more information.

If a buyer does not want to join the cooperative, they must sign a storage agreement to store the home on the space until the home is removed.

If the investor plans to resell the unit and not remove it:

Any remodeling must be done by licensed contractors with permits.

Sale must be handled by a manufactured home dealer per ORS 446.

All electrical, plumbing and structural work must be completed to code (no covering up defects).

Roof must have at least three years of life based on an independent inspection.

If you have questions, check the cooperative’s webpage (see “Co-ops” at the top of this page) or contact management at 541-425-7272 or info@coopmgt.com