Auction Description

ATTENTION: VACATION RENTAL HOME BUYERS, BUILDERS & REAL ESTATE INVESTORS!
2,200+/- SF, 4BR/ 2.5BA Home in Echo Hills Subdivision Overlooking Greers Ferry Lake in Tumbling Shoals ~ 5.5+/- Newly Surveyed Acres ~ Selling in (3) Tracts & Offered in Any Combination on Auction Day ~ Live, Online Bidding Available ~ ALL SELLING TO THE HIGHEST BIDDER!

REAL ESTATE DESCRIPTION: 5.5+/- Acres w/a 2,200+/- SF, 4BR/ 2.5BA Lakeview Home being Offered for Sale for the First Time in Over 40 Years ~ This Wonderful Property Will be Offered in (3) Parcels on Auction Day & All are Selling Regardless of Price to the Highest Bidder! ~ (TRACT 1) 0.6+/- Acre Lakeview Lot in Echo Hills Subdivision Containing the 2,200+/- SF 2-Story, Split-Level, 4 Bedroom/ 2.5 Bath Home & a 16x20 Ft. Shop w/ 220 Electrical Service ~ The House has Rustic Lake Home Charm & Would make a Perfect Income-Producing VRBO Property w/Cosmetic Updating ~ The Home has a Split Floor Plan w/ 3 Bedrooms & 1.5 Baths on the West Side of the House, w/a Kitchen & Dining Area w/Natural Stone Fireplace ~ The East Side of the Home’s Upper Level has a Large Living Area & Master Suite Bedroom w/En-Suite Bath ~ There is a Basement Located on the East Side Lower Level that Could be Another Living Area or Converted to a 5th Bedroom ~ (TRACT 2) 0.6+/- Acre Vacant Lot (Lot 104 Echo Hills Subdivision) Next to Home w/Approx. 130+/- Ft. of Road Frontage on Lookout Drive ~ Year-Round Views of Greers Ferry Lake ~ The Lot Also has an Existing Pole Barn/Storage Shed w/a Well, but City Water is Located Across the Street ~ (TRACT 3) 4.3+/- Acre Wooded Tract is Located behind the Home, w/Access from Lookout Drive & Would be an Excellent Building Site for a Home or Cabin in the Woods ~ Echo Hills Subdivision Offers Lake Access just Past the Home on Lookout Drive ~ Offers Made Prior to Auction Day are Welcome! ~ REMEMBER, THESE PROPERTIES ARE ALL SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

INSPECTION: Home can be Inspected by Appointment ~ Contact Agent, Peter Guerin a 501-733-6795/ peter@wilsonauctioneers.com ~ Auctioneers will be On-site at 10:00 a.m. Day of Auction.

CLOSING COMPANY: First National Title Company ~ Closing Agent: Kelly Haile ~ 1131 Highway 25B North, Suite B, Heber Springs, Arkansas 72543 ~ (501) 365-1260 ~ Fax/ 365-1240.

REAL ESTATE TAXES FOR YEAR 2020: $1,495.00

SCHOOL DISTRICT: Heber Springs

TERMS: (TRACT 1) $15,000.00 ~ (TRACTS 2 or 3) $5,000.00 (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 are Welcome.