10 ACRES W/MOBILE HOME

10 ACRES W/MOBILE HOME

SELLING TO THE HIGHEST BIDDER

REAL ESTATE AUCTION

TUESDAY, JULY 26, 2011 @ 6:00 P.M. (NOTE TIME)

 

LOCATION:

2767 Ponderosa Trail, Bismarck, Arkansas. Ponderosa Trail is off of Hickory Grove Road, which is east of Bismarck and west of Hwy 128. Look for auction signs.

 

If you are in the market for a nice quiet secluded piece of property with a nice building site on rolling hills that already has a 1997 model 14'x54' one bedroom, one bath mobile home on it, this could be it.

 

It is all fenced and cross-fenced w/approximately 60% in mostly hardwood timber and 40% open pasture for your livestock.

 

You will want to check this out because due to health reasons, the owner says sell it. "Remember... it will sell to the highest bidder on auction day."

 

INSPECTION:

You may drive by any time or auctioneer will be there to show the property on Sunday afternoon July 24^th from 2 till 4 p.m.

 

TERMS:

We will require $5,000 down day of auction as earnest money w/balance at closing in 30 days. A 10% buyer’s premium will be added to the final bid to determine the total contract price.

 

1. Q. What is the size of the property?

A. Property consists of approximately ten acres.

2. Q. What is the size of the mobile home?

A. It is a 1997 model 14'x54' one bedroom, one bath mobile home.

3. Q. What are the total real estate taxes?

A. 2010 taxes were approximately $207.25 before the Homestead Credit.

4. Q. How will the real estate be sold?

A. This property will be sold to the highest bidder on auction day.

5. Q. Do you offer any warranties or guarantees on this real estate?

A. Owner will guarantee you good, clear title by providing title insurance and warranty deed. Other than that, the property sells "as is, where is."

6. Q. Is there any special financing offered?

A. No, this is a cash sale. We will require $5,000.00 earnest money day of auction. Balance due at closing in 30 days. If you need to obtain financing, this should be done prior to the auction. If you can not get the balance needed by closing, you will lose your earnest money.

7. Q. What will be the Buyer’s closing costs?

A. Buyer will pay ½ of closing fee plus $3.30 per thousand for stamps (State Transfer Tax), and $20.00 to record the deed.

8. Q. When and where will closing take place?

A. On or before 30 days after the auction at the offices of McClure Title & Abstract.

9. Q. Is there a Buyer’s Premium and what is it?

A. Yes, a 10% Buyer’s Premium will be added to the bid price to determine the total contract price.

 

Auctioneer’s Note: Due to health reasons, owner will be selling this property to the highest bidder on auction day. Please come prepared to bid. There will be a new owner when the auction is complete.