Scott Gatewood
Owner / Managing Broker
Ask Scott Gatewood
Real Estate will be sold in 2 Tracts
BIDDING WILL BE IN TERMS OF WHOLE DOLLARS PER TRACT. THE AUCTION WILL BE CONDUCTED LIVE, IN PERSON.
Attorney: Ron Hoskin, Lowry & Hoskin LLP
Tract 1: 35.25 acres more or less including a 2 Story Historic Brick Home built in 1865, 3348 sq ft, well maintained with 5-6 Bedrooms, 2 Bath, 4 Outbuildings including a large barn in great condition, spring water, two creeks, all fenced. Updates on house; all new windows in 2004, complete new roof in 2015, several interior updates. Property offers great turkey and deer hunting. Mature timber, several walnut and oak trees.
Tract 2: 12.11 acres with 4 outbuildings including a workshop with a concrete floor, two creeks, all fenced, mature timber with great deer and turkey hunting opportunities. This Tract has an abundance of opportunities from a new homesite, farming, livestock operation or recreational.
AUCTION METHOD
PROPERTY WILL BE OFFERED IN TWO SEPARATE TRACTS. TRACT 1 AND TRACT 2.
BIDDING WILL BE IN TERMS OF WHOLE DOLLARS PER TRACT. THE AUCTION WILL BE CONDUCTED LIVE, IN PERSON.
ALL SALES WILL BE SUBJECT TO SELLER APPROVAL.
TERMS & CONDITIONS
IMMEDIATELY AFTER THE CONCLUSION OF THE AUCTION, BUYERS WILL ENTER INTO A WRITTEN PURCHASE AGREEMENT WITH THE SELLER AND WILL PUT 10% NON-REFUNDABLE EARNEST MONEY AS A DOWN PAYMENT, WITH THE BALANCE BEING DUE IN FULL ON THE DATE OF CLOSING, ON OR BEFORE FRIDAY, JULY 26, 2024.
SELLERS ARE RESPONSBIBLE FOR PROVIDING TITLE INSURANCE AND A CLEAN, MERCHANTABLE TITLE, AND WARRANTY DEED TO BE CONVEYED TO BUYER UPON CLOSING. THE 2023 REAL ESTATE TAXES WILL BE THE RESPONSIBILITY OF THE SELLER. THE 2024 REAL ESTATE TAXES WILL BE PRORATED TO THE DATE OF CLOSING. MOVING FORWARD, BUYER WILL BE RESPONSIBLE TO PAY ALL SUBSEQUENT TAX BILLS ISSUED FOR THE TRACT BEING PURCHASED. POSSESSION TO BUYER CONVEYS AT CLOSING.
THE BIDDING IS NOT SUBJECT TO FINANCING, APPRAISALS, OR INSPECTIONS OF PROPERTY. ALL INFORMATION PRESENTED IN RELATION TO THE SUBJECT PROPERTY INCULDING, BUT NOT LIMITED TO THE DETAILS, ACREAGES, MAPS, PHOTOS ARE DEEMED ACCRUARTE, BUT ARE NOT WARRANTED. EACH TRACT IS BEING SOLD "AS IS." ALL ANNOUCEMENTS ON DAY OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUS ADVERTISING.
