ATTENTION: LAKE HAMILTON HOME BUYERS, VACATION RENTAL OWNERS & INVESTORS!
Great Location! ~ 1/2 Mile from MLK Expressway ~ Year-Round Water w/Main Channel View ~ Excellent Income-Producer w/Current STR Permit w/City of Hot Springs ~ 4,560+/- SF Home, Custom-Built in 2008 ~ 5 Bedroom/ 7 Bath ~ 105+/- Ft. of Lake Frontage ~ Covered Boat Dock ~ In-Ground Pool & Hot Tub ~ Selling On-site w/Live, Online Bidding Available!
REAL ESTATE DESCRIPTION: Location! Location! Location! ~ Located 1/2 Mile from Exit 2 of the MLK Expressway & Visible from the HWY 70/ Airport Road Bridge over Lake Hamilton in the Desirable Bridgeview Subdivision ~ This Cape Cod Style, 4,560+/- SF Home, Custom-Built in 2008 w/Blue & White Painted Concrete Board Exterior & Silver Metal Roof, is Less than 5 Miles from Oaklawn Racing Casino Resort & Convenient to the Many Amenities, Attractions & Restaurants of Hot Springs! ~ This Beautiful Property Features Breathtaking Main Channel Views ~ 105+/- Ft. of Main Channel Lake Hamilton Frontage ~ Floating Covered Boat Dock ~ 3 Levels of Covered Back Decks & Balconies Overlooking the Lake ~ Covered Front Patio ~ In-Ground Pool w/Infinity Edge Waterfall Feature, Poured Concrete Sun Deck & Hot Tub ~ Large Stamped Concrete Driveway/Parking Pad & 2-Car Detached Garage ~ The Luxurious Interior Features Upgraded Floor Coverings, Designer Paint Colors, Heavy Crown Molding, Tasteful Built-ins & Consists of 5 Bedrooms, All w/Ensuite Bathrooms & 2 Additional Guest Bathrooms ~ 20+/- Ft. High Ceiling Living Room w/Gas Log Fireplace & Built-ins ~ Eat-in Kitchen w/Breakfast Bar, Breakfast Nook, Granite Countertops, Custom Cabinetry & S/S Appliances ~ Formal Dining Room ~ Additional Sitting Room ~ Large Game Room & Bonus Room that Could be Used for an Additional Bedroom on Lower Level ~ Laundry Room w/Sink ~ This Home has a Current Short-Term Rental Permit & is an Exceptional Income-Producing VRBO/STR Property, Renting w/a 2-Night Minimum at a Minimum Charge of $800/Night ~ House Will be Sold Mostly Furnished & Would Make an Incredible Primary Residence or Vacation Home ~ Inside City Limits ~ Hot Springs School District ~ All City Utilities ~ NO POA DUES ~ Quiet Street w/Minimal Traffic ~ Offers Made Prior to Auction Day are Welcome & Encouraged!
INSPECTION: Property can be Viewed by Appointment Only ~ Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at 1:00 p.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 2021: $6,546.00
SCHOOL DISTRICT: Hot Springs
TERMS: $100,000.00 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.
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