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LAKE HAMILTON ABSOLUTE 23 LAKEFRONT CONDOS, 17 LOTS & 56+/- ACRE RESIDENTIAL DEVELOPMENT LAND AUCTION ~ HOT SPRINGS, AR

Date

Wednesday, Apr. 10, 2019 at 10:00 AM CST

Auction Location

179 River Mill Court, Hot Springs, Arkansas 71913

Real Estate Description

ATTENTION: LAKE HAMILTON CONDO BUYERS, DEVELOPERS & INVESTORS! 
(23) 1 & 2 Bedroom, Lakefront Condo Units in Clearwater Point HPR on Lake Hamilton ~ 17 Residential Building 
Lots in "The Oaks" Subdivision ~ 1.75+/- Cleared Acres Adjoining the Condo Complex ~ 49.4+/- Wooded Acres & 
5+/- Acres of Development Land Offered in Individual Tracts ~ Selling On-site w/Live, Online Bidding Available ~ 
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DESCRIPTION:  23 Condos, 18 Residential Building Lots & 56+/- Acres of Development Land Offered in Multiple Tracts & Combinations, All Selling to the Highest Bidder on Auction Day! ~ (Property 1) 23 Lakefront Condo Units on Lake Hamilton in the Clearwater Point HPR ~ All Units have Metal Roofs & Vinyl Siding Exterior, Remodeled Interiors Include Tile Flooring, Textured Drywall & Ceilings, Granite Countertops, S/S Appliances & A/C Units ~ (11) One Bedroom & (4) Two Bedroom Lower Units & (8) Two Bedroom Upper Units ~ (22) Units Currently Rented Month-to-Month (Most at $550/mo.) ~ $110/mo. POA Dues Covers Water, Trash Collection, Insurance & Common Area Maintenance ~ Condos will be Offered Individually & in Combinations ~ (Property 2) (2) Lakefront & (15) Offshore Residential Building Lots in "The Oaks" Subdivision w/Lake Access & Utilities off Treasure Isle Road in Lake Hamilton School District ~ Offered Individually & in Combinations ~ (Property 3) 49.4+/- Wooded Acres of Prime Residential Development Land at the end of Barbary Road off Treasure Isle Road in Lake Hamilton School District, in Proximity to Lake Hamilton, w/Utilities ~ (Property 4) 5+/- Unrestricted Wooded Acres w/Frontage Along River Mill Point & Utilities ~ (Property 5) 1.75+/- Acres Adjoining the Clearwater Condo Development to the East, Mostly Cleared & Level w/(4) RV Pads & Frontage on Lake Hamilton & River Mill Court ~ Prime for Development, an Excellent Location for a Laundromat for Condos or Perfect for Boat Trailer Parking & Boat Storage for Condo Residents or Renters ~ (Property 6) Small Residential Lakefront Building Lot Located off Barbary Road in the Unrecorded Riverview Paradise Subdivision ~ Remember, All Properties are Selling Regardless of Price on Auction Day from 179 River Mill Court!

TERMS ON REAL ESTATE:  (Property 1) $5,000.00 (PER UNIT) ~ (Property 2) $1,000.00 (PER LOT) ~ (Property 3) $10,000.00 ~ (Properties 4, 5 & 6) $1,000.00 (PER PROPERTY), All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Made Prior to Auction Day are Encouraged & Welcome.

INSPECTION:  Drive by the Land & Lots Today or for Appointment to View Unrented Condos, Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 9:00 a.m. Day of Auction.

DIRECTIONS:  From the West End of MLK Expwy. in Hot Springs, Travel 4 Mi. West on HWY 270 & Turn Right onto Treasure Isle Rd. ~ Travel 1.5 Mi. & Turn Left onto River Oaks Dr. ~ Take 1st Right onto White Oak Dr., Turn Left onto River Mill Pt. & Turn Right onto River Mill Ct. ~ Watch for Auction Sign & Property on the Left.

Aerial View, Property 2, The Oaks Lots

Aerial View, Property 2, Lot 48

Aerial, Property 3

Aerial View, Property 3

Aerial, Property 4

Aerial View, Property 4

Aerial View, Property 5

Aerial View, Property 6

Auction Location

Terms

TERMS AND CONDITIONS:  (Property 1) $5,000.00 (PER UNIT) (Property 2) $1,000.00 (PER LOT) ~ (Property 3) $10,000.00 ~ (Properties 4, 5 & 6) $1,000.00 (PER PROPERTY), All in the Form of a Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Made Prior to Auction Day are Encouraged & Welcome.

CLOSING COMPANY:  Garland County Title Company ~ Closing Agent: Carol Sikorski ~ 403 Ouachita Avenue, Hot Springs, Arkansas 71901 ~ (501) 624-7776 ~ Fax/ 624-7784.

SCHOOL DISTRICT:  Lake Hamilton

TERMS OF AUCTION