ATTENTION: LAKE CHICOT HOME BUYERS, DEVELOPERS & INVESTORS!
(7) Lake Chicot Homes in Lake Village ~ (2) Prime Development Tracts in Lake Village ~ Undeveloped City Block in Montrose, AR ~ Live, Online Bidding Available ~ ALL SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!
AUCTION LOCATION: 2322 S. LAKESHORE DRIVE ~ LAKE VILLAGE, AR 71653
NOTICE: All 11 Properties will be Selling from the Central Auction Location of 2322 S. Lakeshore Drive in Lake Village & they are ALL Selling Regardless of Price to the Highest Bidder on Auction Day!
PROPERTY #1: (1320 S. Lakeshore Dr.) Currently Rented for $695/mo. ~ (9+/- Yr. Tenant) ~ Older 1,440+/- SF Brick Home Consisting of 3 Bedrooms/1 Bath, Kitchen, Living Room, Dining Area, Laundry Room & Covered Front Porch w/Lake View ~ Well-Maintained Inside & Out ~ Newer Lennox HVAC Unit ~ Large 1+/- Acre Triple Lot w/Frontage on Lake Chicot, S. Lakeshore Drive & S. Cokley Street.
PROPERTY #2: (1516 S. Lakeshore Dr.) Currently Rented for $650/mo. ~ (1+/- Yr. Tenant) ~ Older 1,058+/- SF Concrete Board Siding Home Consists of 2 Bedrooms/ 1.5 Baths, Screened Front Porch w/Lake View ~ Eat-in Kitchen w/New Gas Stove & Fridge, Living Room, Dining Room & Laundry Room ~ Pecan Trees & Storage Building ~ Hardwood Floors ~ 0.6+/- Acre Lot w/Frontage on Lake Chicot & S. Lakeshore Drive.
PROPERTY #3: (1520 S. Lakeshore Dr.) Currently Rented for $625/mo. (7+/- Yr. Tenant) ~ 1,233+/- SF Vinyl Siding Exterior Home Consists of 2 Bedrooms/ 1 Bath, Kitchen, Living Room, Dining Room & Laundry Room ~ Newer Lennox HVAC Unit ~ Covered Back Patio, Pecan Trees & Storage Shed ~ 0.58+/- Acre Lot w/Frontage on Lake Chicot & S. Lakeshore Drive.
PROPERTY #4: (2122 S. Lakeshore Dr.) Currently Vacant but Rent Ready ~ 1,383+/- SF Brick Home w/ 2-Car Attached Carport, Fenced Backyard, Detached Carport & Storage Building Consisting of 2 Spacious Bedrooms/ 1 Bath, Eat-in Kitchen w/Breakfast Bar, Dining Area w/Fireplace, Living Room w/Gas Log Fireplace & Laundry Room ~ Hardwood Floors ~ 0.48+/- Acre Lot w/Frontage on Lake Chicot & S. Lakeshore Drive.
PROPERTY #5: (2322 S. Lakeshore Dr.) Currently Vacant & Newly Remodeled in 2023! ~ 2,543+/- SF Brick Home Built in 1959 w/Attached 3-Car Carport Consists of 3 Bedrooms/ 3 Total Bathrooms ~ Separate Office w/Exterior Front Door & Bathroom w/Shower ~ New LVP Flooring in Dining Room & Bedrooms ~ New Interior Paint ~ New Light Fixtures & Fans ~ Kitchen w/Granite Countertops, Master Bedroom w/Private Bath, Walk-in Shower & 2 Closets ~ 2nd & 3rd Bedrooms Each w/ 2 Closets ~ Full Bath ~ Living Room ~ Dining Room ~ Wet Bar ~ Oversized Laundry Room w/Sink & Storage Closets ~ Rheem HVAC Unit ~ 0.96+/- Acre Lot w/Frontage on Lake Chicot & S. Lakeshore Drive.
PROPERTY #6: (2406 S. Lakeshore Dr.) Vacant for an Extended Time & in Need of Repair & Complete Remodeling ~ 2,040+/- SF Home w/ 2-Car Attached Carport ~ 3 Bedrooms/ 2 Baths, Living Room, Dining Room, Eat-in Kitchen & Laundry Room ~ 0.96+/- Acre Lot w/Frontage on Lake Chicot & S. Lakeshore Drive.
PROPERTY #7: (745 N. Lakeshore Dr.) Vacant, Former Brick Exterior Church Building in Need of Repair & Remodeling ~ 0.38+/- Acre Lot w/Frontage on Lake Chicot & N. Lakeshore Drive.
PROPERTY #8: (4353 Highway 82E) Currently Vacant ~ 2,712+/- SF Brick & Newly Painted Wood Trim Exterior Home w/New Roof in 2023, 2-Car Attached Garage & Additional Boat Garage in Back ~ Interior in Need of Cosmetic Remodeling ~ Consists of 3 Bedrooms/ 3 Total Bathrooms, Kitchen w/Breakfast Bar, Large Living Room, Dining Room, Master Bedroom w/ Walk-in Closet & Private Bath w/Shower ~ 2nd & 3rd Bedrooms w/Closets ~ 2nd Full Bath ~ Bonus Game Room w/Bathroom & Shower ~ Partial Basement ~ Enclosed Sunroom ~ 0.9+/- Acre Lot w/Frontage on Lake Chicot & HWY 82E.
PROPERTY #9: (1317 Park St., Lake Village) 2.82+/- Undeveloped Acres (A Part of Lot “A” Bush’s Addition Subdivision inside City Limits of Lake Village) Level & Mostly Cleared w/Electricity, City Water & City Sewer ~ Conveniently Located 1 Block East of US HWY 65/ HWY 82 ~ 5 Semi Truck Containers Convey w/Property.
PROPERTY #10: (700-900 Block Lakeside St., Lake Village) 2.72+/- Acres Prime for Development inside City Limits of Lake Village ~ Level & Cleared w/ 300+/- Ft. of Frontage Along Mulberry Street & Over 400 Ft. of Frontage Along Lakeside Street ~ Electricity, City Water & City Sewer Available ~ Conveniently Located 1 Block East of US HWY 65/ HWY 82 behind Sullivan’s Grocery.
PROPERTY #11: (200-300 Block W. Walnut St., Montrose, AR) 2.5+/- Undeveloped Acres (1 Entire Block) inside City Limits of Montrose ~ Level & Mostly Cleared ~ Conveniently Located in an Area of Residential Housing 1 Block West of US HWY 165/ Main Street ~ Frontage on Walnut St., W. 2nd St., Market St. & W. 3rd St.
Offers Made Prior to Auction Day are Welcome!
INSPECTION: Vacant Properties & Land Tracts can be Viewed Anytime ~ Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Doors Open & Auctioneers will be On-site at Auction Location at 10:00 a.m. for Registration on Auction Day.
CLOSING COMPANY: Barton & Roper, PLLC ~ Closing Agent: Manda Robinson ~ 106 W. Oakland Street, Monticello, Arkansas 71655 ~ (870) 367-6288.
REAL ESTATE TAXES FOR YEAR 2022:
PROPERTY #1: (1320 S. Lakeshore Dr.) $484.04
PROPERTY #2: (1516 S. Lakeshore Dr.) $583.45
PROPERTY #3: (1520 S. Lakeshore Dr.) $780.56
PROPERTY #4: (2122 S. Lakeshore Dr.) $871.26
PROPERTY #5: (2322 S. Lakeshore Dr.) $1,573.85
PROPERTY #6: (2406 S. Lakeshore Dr.) $1,334.05
PROPERTY #7: (745 N. Lakeshore Dr.) $17.17
PROPERTY #8: (4353 Highway 82E) $2,142.48
PROPERTY #9: (1317 Park St.) $170.45
PROPERTY #10: (700-900 Block Lakeside St.) $101.31
PROPERTY #11: (200-300 Block W. Walnut St., Montrose, AR) $160.38
SCHOOL DISTRICT: Lake Village
TERMS: (PROPERTIES #1, 2, 3, 4, or 6) $10,000.00 (Per Property) ~ (PROPERTIES #5 or 8) $20,000.00 (Per Property) ~ (PROPERTIES #7, 9, 10, or 11) $5,000.00 (Per Property), 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.
TERMS_OF_AUCTION__Lake_Village_11AM.pdf
Legal_Descriptions__Lake_Village.pdf
The app allows you to (1) stay informed about our upcoming auctions; (2) view properties that interest you; (3) get notifications when you’ve been outbid; (4) bid no matter where you are located. This is the go-to-source for up-to-the-minute information on all of our auction listings.
