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LAKE DEGRAY ABSOLUTE REAL ESTATE AUCTION

Auction Description

(2) Beautiful 3BR Homes, Office Building & Storage Buildings/Workshops, All on 22.6+/- Acres ~ Minutes from Iron Mountain Marina & the Spillway Dam Recreation Area on DeGray Lake! ~ (4) Tracts Offered Individually & in Combinations ~ Live & Online Bidding Available on Auction Day ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DESCRIPTION: (TRACT 1) 3+/- Acres w/a 1-Story, 1,653+/- SF, Brick & Vinyl Siding Home Approx. 40 Years Old ~ Roof is 5 Years Old ~ The Home Features 3 Bedrooms/ 2 Full Baths ~ Central Heating & Air, Plus a 22 KW Generac Generator ~ Kitchen has a Generous Amount of Cabinets w/a Built-in Range & Dishwasher ~ Hardwood Floors in the Bedrooms, Kitchen & Living Room ~ Bathrooms have Vinyl Flooring & the Main Bath has Synthetic Marble Vanity Tops ~ 640+/- SF, 2-Car Garage w/ (2) Overhead Doors w/Automatic Openers ~ A Detached Storage Building is Located at the Rear of this Home ~ Water Provided by Kimzey Regional Water District ~ (TRACT 2) 3+/- Acres ~ This Former Dwelling at 157 Forestry Circle has 1,792+/- SF & was Last Used as an Office Building ~ It has 3 Half Baths & a Kitchenette ~ It Could Easily be Converted Back into a Single-family Home, which Would have 4 Bedrooms ~ Roof is 5 Years Old ~ Built Approx. in 1975 ~ Detached Storage Building is Located Behind this House ~ Water Provided by Kimzey Regional Water District ~ (TRACT 3) 14.34+/- Acres w/ (2) Large Storage Buildings & Considerable Standing Timber ~ Water Service Available from the Kimzey Regional Water District ~ (TRACT 4) 2.3+/- Acres Located at 171 Forestry Circle & has a 1,248+/- SF Single-family Home w/ 3 Bedrooms/ 1 Bath ~ Kitchen has a Range & Vent-a-Hood ~ Home is Centrally Heated & Cooled & Approx. 40 Years Old ~ Roof is 5 Years Old ~ 2-Car Carport w/Attached Storage & a Detached Storage Building ~ Water Provided by Kimzey Regional Water District ~ Special Note: This Dwelling is Currently Occupied & Possession will be 30 Days from Closing ~ These Homes Would be Great for Owner Occupancy or VRBO! ~ The Acreage Tract Would be Great for Rental Cabins! ~ REMEMBER, THESE TRACTS WILL BE OFFERED INDIVIDUALLY & IN COMBINATIONS & ARE SELLING TO THE HIGHEST BIDDER ON AUCTION DAY! ~ Do Not Miss Your Chance to Own These Amazing Properties just Minutes from DeGray Lake! ~

INSPECTION: View the Homes by Appointment Only ~ Contact Broker,
Ken Bethge at 870-550-5274/ ken@wilsonauctioneers.com to View these Properties or Any Questions ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. Day of Auction.


CLOSING COMPANY: First National Title Company ~ Closing Agent: Marsha Bateman ~ 501 Main Street, Arkadelphia, Arkansas 71923 ~ (870) 246-2821 ~ Fax/ 246-9501.

REAL ESTATE TAXES FOR YEAR 2019: $2,184.00 (Entire Property)


SCHOOL DISTRICT: Arkadelphia

TERMS ON REAL ESTATE: (TRACTS 1 or 4) $15,000.00 (PER TRACT) ~ (TRACTS 2 or 3) $10,000.00 (PER TRACT), All in the Form of a Cashier’s Check made Payable in Your Name or Wilson Auctioneers, Inc. Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day are Welcome!

Auction Location

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