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LAKE HAMILTON ABSOLUTE HOME AUCTION

Auction Description

ATTENTION: LAKE HAMILTON HOME BUYERS, VACATION RENTAL OWNERS & INVESTORS!
Don’t Miss this Opportunity to Own a Lake Home in the Most Convenient Location in Hot Springs ~ NO POA DUES ~ NO RENTAL RESTRICTIONS ~ High Demand Property Conveniently Located 1/2 Mile from the MLK Expressway Airport Road Exit & Only 1/4 Mile East of the Main Channel of Lake Hamilton & the Airport Road Bridge by Boat ~ Selling Onsite w/Live, Online Bidding Available ~
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!


REAL ESTATE DESCRIPTION: This High Demand Property, Conveniently Located 1/2 Mile from the MLK Expressway Airport Road Exit, Less than 10 Minutes from Oaklawn Racing & Gaming Casino & Only 1/4 Mile East of the Main Channel of Lake Hamilton & the Airport Road Bridge by Boat, is SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER on Auction Day! ~ Don't Miss this Incredible Opportunity to Own a Lake Hamilton Home in the Most Convenient Location in Hot Springs ~ No POA Dues ~ No Rental Restrictions ~ Quiet Loop Street w/Minimal Traffic ~ HOME DESCRIPTION: This Neat, Well-Maintained, Single-Story, 3 Bedroom/ 2 Bathroom, Wood Siding Exterior Home, w/ 8-Year Old Architectural Shingle Roof, was Built in 1975 on Lots 5 & 6 in Lakeshore Subdivision w/ 164 Ft. of Lake Hamilton Frontage, Well-Built Rock & Concrete Seawall, Permanent 2-Stall Dock w/ 1 Covered Slip ~ There is Plenty of Room on this Lot to Add to the Existing House or Build Another Structure ~ The 1,310+/- SF Interior Consists of 3 Bedrooms ~ Living Room w/Wood-Burning Fireplace ~ Dining Room, Kitchen w/Solid Wood Cabinets, Tile Countertops & Island ~ 2 Full Bathrooms & Laundry Closet ~ Covered Front Porch w/Storage Room ~ New Back Deck ~ Attached Carport ~ Detached Carport ~ Portable Storage Building ~ Paved Driveway ~ 0.4+/- Acre Mostly Cleared Lot w/Sprinkler System & a Few Mature Trees ~ Hot Springs School District ~ Inside City Limits ~ Utilities Include Electricity, City Water, Sewer & Natural Gas ~ This Move-in-Ready Home is being Sold Furnished, Needs Some Cosmetic Interior Updating & Will Make an Excellent Primary Residence, Weekender, or Vacation Rental Property ~ Offers Made Prior to Auction Day are Welcome & Encouraged! ~ REMEMBER, THIS INCREDIBLE LAKE HAMILTON PROPERTY IS SELLING REGARDLESS OF PRICE ON AUCTION DAY!

INSPECTION:
Property can be Viewed Anytime ~ 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: $2,877.00

SCHOOL DISTRICT: Hot Springs

TERMS: $40,000.00 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.

Property Location

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