WATERFRONT PROPERTY, 1.7 ACRES W/BOAT DOCK, 3BR/2BA HOME, SHOP BUILDING, ONLY A STONE’S THROW AWAY FROM LAKE CATHERINE, PLUS PERSONAL PROPERTY TO BE SOLD
*** JUST ADDED: Xpress Boat w/Mercury 20hp Jet
ESTATE AUCTION
SATURDAY, JUNE 13, 2009 @ 9:00 A.M.
LOCATION: 682 Couchwood Rd, Hot Springs, Arkansas. This property is between Hot Springs and Malvern just off of Hwy 270 at the Hot Spring and Garland County line (near Gene’s Liquor Store), Couchwood Road goes towards Lake Catherine. Follow signs. If you want to live on the water or have a weekend getaway on Lake Catherine, you will want to check this one out. Real Estate consists of a 1736 sq double wide mobile home sitting on 1.7 acres with 240' of water frontage w/your own boat ramp and dock. The mobile home is a 1997 model with an enclosed two car garage attached, and a large deck across the front of the home which lets you look out over the landscape to the water below. There is a sun room or jacuzzi room just of the dock, a 30'x40' work shop w/office and restroom, paved driveway, garden spot w/fruit trees and an underground sprinkler system. It is ideally located only six miles from Hot Springs and six miles from Malvern and I-30.
PERSONAL PROPERTY: 1998 Cadillac Deville - clean w/115,000 miles, power woodworking tools of all kinds, Lincoln AC/DC arc welder, 5hp 20gal air compressor, Craftsman 46" cut riding mower, Craftsman & Holley tool chests w/hand tools, floor jack, bench grinder, iron welding table w/vice and anvil, Homelite 3500 wt generator, circulating wood heater, weedeater, 12" wood lathe w/tools, Duncan automatic model LT-3K Kiln w/lots of bisque and greenware, EKG Pro-Form SR30 Exerciser, Pro-Form 730CS Treadmill, refrigerator, washer and dryer, oak dining table w/6 chairs, oak China cabinet, couch, 3pc full size bedroom suite, computer cabinet, office chair, 5 drawer chest and lots more.
VIEWING OF REAL ESTATE: Auctioneer will be on premises for you to inspect this property on Sunday afternoon May 31 from 2pm till 4pm and Monday evening June 8 from 4pm till 6pm or call our office for special viewing.
TERMS: $10,000 down on real estate, balance due at closing in 30 days. A 10% buyer’s premium will be added to both real estate and personal property. Payment due day of auction on personal property by cash, good check, Visa, MasterCard and Discover.
“REAL ESTATE AUCTION MARKETING SPECIALIST”
AR. LIC. #372
DONALDSON, AR.
501-384-5352 OR 888-384-4484
www.staffordauction.com
DAVID STAFFORD - AUCTIONEER/BROKER
QUESTIONS AND ANSWERS682 COUCHWOOD RD, HOT SPRINGS, ARREAL ESTATE WILL BE OFFERED AT 10:00 A.M.
1. Q. What is the size and year model of the home?
A. 1997 28'x62' double wide manufactured home with an enclosed two car garage attached, and a large deck across the front of the home which lets you look out over the landscape to the water below.
2. Q. How many bedrooms?
A. 3 bedrooms, 2 bath.
3. Q. What is the size of the lot?
A. Approximately 1.7 acres +/-.
4. Q. Is this property on Lake Catherine?
A. The property has frontage on a canal that, at the property line on the west side, opens into a pocket of Lake Catherine.
5. Q. What are the total real estate taxes?
A. 2008 taxes are approximately $530.04 ($180.04 w/Homestead Credit).
6. 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."
7. Q. Is there any special financing offered?
A. No, this is a cash sale. We will require $10,000.00 earnest money day of auction on the house. Balance due at closing in 45 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.
8. 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.
9. Q. When and where will closing take place?
A. Closing will be held at McClure Title and Abstract, Malvern, Arkansas, on or before 30 days after the auction.
10. 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: This is the property of the late Robert Johnson. The family would like to sell this property. This property is being offered subject to owner’s confirmation, but the owners have every intention of selling day of auction. If you want to live on the water or have a weekend getaway on Lake Catherine, you will want to check this one out.
DISCLAIMER:
Square footage dimensions and acreage amounts are based upon information provided by the Seller and are believed to be correct, however, Purchaser and/or Purchaser’s Agent/Broker shall bear the responsibility to confirm all calculations prior to the auction. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state. The Auctioneer/Auction Company shall not be responsible or liable in any way if the seller fails to honor any bid, or refuses to or cannot close title in accordance with the winning bid or any contract entered in respect thereof. Seller reserves the right to deny any person admittance to the auction. Seller reserves the right to withdraw the property or any parcel, to postpone or cancel the auction, to sell prior to auction, or to change any terms of the auction upon announcement prior to or during the sale. Announcement made at the auction supersede all printed material. All information contained in this brochure was derive from sources believed correct, but is not guaranteed. This Real Estate is subject to sale before the auction.
AR # PB00046546 AR. Auctioneer LIC. #372
David Stafford AARE, CAI Stafford Auction & Realty
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