Auction Description

ATTENTION: LAKE HAMILTON LOT BUYERS, BUILDERS & INVESTORS!

(2) Adjoining Level, Cleared Lots, Totaling 0.9+/- Acres w/ 219+/- Ft. of Frontage on Lake Hamilton just off the Main Channel in Block 2 (Lots 9 & 10) of the Lake Aire Subdivision ~

Excellent Location in South Hot Springs 6 Miles from Oaklawn Racing & Gaming Casino Resort!

REAL ESTATE DESCRIPTION: Don't Miss this Incredible Opportunity to Purchase (2) Adjoining Level Lots, Totaling 0.9+/- Acres, w/ 219+/- Ft. of Frontage on Lake Hamilton just off the Main Channel in Block 2 (Lots 9 & 10) of the Lake Aire Subdivision ~ Each Lot is Approximately 0.45+/- Acres w/ 105'+/- & 114'+/- Lake Frontage ~ Utilities Include, Electricity, City Water, City Sewer & Natural Gas ~ Drive by & View this Property Anytime ~ Lots will be Offered Individually & as a Package ~ Offers Made Prior to Auction Day are Welcome & Encouraged!

(LOT 9 – 178 Lakeaire Terrace) is Cleared & Ready to Build

(LOT 10 – 184 Lakeaire Terrace) has an Outbuilding, Seawall, an Older Boat Dock & a Mobile Home Pad

INSPECTION: Property can be Viewed Anytime ~ Contact Agent Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com with Questions ~ Auctioneers will be On-site at 10:00 a.m. for Inspection & Registration 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 2023: 

(Lot 9 – 178 Lakeaire Terrace) $1,031.80

(Lot 10 – 184 Lakeaire Terrace) $1,225.87

SCHOOL DISTRICT:  Lakeside

TERMS:  $20,000.00 (Per Lot), Each 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.