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GARLAND COUNTY ABSOLUTE HOME & LAND AUCTION

Auction Description

ATTENTION: HOT SPRINGS HOME BUYERS, BUILDERS & DEVELOPERS!
6.57+/- Acres Containing (2) Homes Conveniently Located 1/4 Mile from MLK Expressway, Exit 2 (Airport Rd. Exit) Adjoining the Hot Springs Airport ~ Excellent Development Potential ~ Offered in (2) Tracts & its Entirety ~ Selling On-site w/Live, Online Bidding Available ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

REAL ESTATE DESCRIPTION: This 6.57+/- Acres inside the City Limits of Hot Springs, Containing (2) Homes, is Conveniently Located 1/4 Mile from MLK Expressway, Exit 2 (Airport Rd. Exit), Adjoining the City of Hot Springs Airport Property ~ Property Will be Offered in (2) Tracts & in its Entirety on Auction Day & it’s Selling Regardless of Price to the Highest Bidder on Auction Day! ~ (TRACT 1) 215 John Owens St. ~ 5.56+/- Acres Containing the 2,190+/- SF Single-Story, 3 Bedroom/ 2 Bath Brick Home w/Metal Roof, Built in 1967, w/Attached 2-Car Carport ~ Home is Well-Maintained but in Need of Interior Updating ~ Tract 1 Also Contains a 2nd 844+/- SF Home, Currently Used for Storage & Additional Outbuildings ~ (TRACT 2) 235 John Owens St. ~ 1.01+/- Adjoining Acres Containing a 2,400+/- SF Home Originally Built in 1945 & Added onto Over the Years ~ Home Needs Remodeling & Updating ~ This 6.57+/- Acres is in an Exceptional Location & has Excellent Development Potential ~ You can View this Property Anytime by Appointment ~ REMEMBER, THE ENTIRE PROPERTY IS SELLING REGARDLESS OF PRICE ON AUCTION DAY!

INSPECTION:
Property can be Viewed Anytime by Appointment ~ Contact Agent,
Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 10:00 a.m. for Inspection on Auction Day.

CLOSING COMPANY: Lenders Title Company ~ Closing Agent: Shanda Dunlap ~ 110 Ouachita Avenue, Hot Springs, Arkansas 71901 ~ (501) 624-2541 ~ Fax/ 623-4552.

REAL ESTATE TAXES FOR YEAR 2020:
(TRACT 1)
$824.97
(TRACT 2) $822.14


SCHOOL DISTRICT: Hot Springs

TERMS: (TRACT 1) $20,000.00 ~ (TRACT 2) $5,000.00, 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 ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.

Auction Location

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