ATTENTION: ROYAL, ARKANSAS HOME BUYERS, BUSINESS OWNERS & INVESTORS!
4.84+/- Acres Fronting on HWY 270 West & Meadow Creek Road, Minutes from Lake Ouachita in Royal, AR ~ Offered in 2 Tracts & in its Entirety ~ 7,300+/- SF, 7 Bedroom/ 5.5 Bathroom Home on 2.84+/- Acres ~ 2.0+/- Undeveloped Acres w/ 274’+/- Frontage on HWY 270 West
REAL ESTATE DESCRIPTION: This 7,300+/- SF, 7 Bedroom/ 5.5 Bathroom Home on 4.84+/- Acres Fronting on HWY 270 West & Meadow Creek Road, Minutes from Lake Ouachita in Royal, will be Offered in 2 Tracts & in its Entirety ~ Lake Hamilton School District ~ Utilities are Electricity, Well w/City Water Available, Septic System ~ Offers Made Prior to Auction Day are Welcome & Encouraged!
(TRACT 1) will be 2.0+/- Undeveloped Acres w/ 274’+/- Frontage on Highway 270 West w/an Average Daily Traffic Count of 5,000+/- Vehicles Per Day ~ Tract is Cleared & Mostly Level Overlooking the Highway ~ 274’+/- Wide & Approximately 300’ Deep ~ Electricity & City Water Available on HWY 270 & Meadow Creek Road Frontage.
(TRACT 2) will Contain the 7,300+/- SF, 7 Bedroom/ 5.5 Bathroom, 3-Story, Rock & Metal Siding Exterior Home w/New Roof & 3-Car Attached Carport on 2.84+/- Acres ~ Move-in-Ready 3,220+/- SF Main Level Consists of an Entry Foyer w/Crystal Chandelier, Sunken Living Room w/Woodburning Fireplace, Den/2nd Living Area, Master Suite w/Private Bathroom, Tub, Separate Shower, Vanity Area & Multiple Closets, Kitchen w/Island, Built-in Appliances, Custom Cabinets & Pantry Closet, Dining Room, Laundry Room, Half Bath, 2nd & 3rd Bedrooms, 2nd Full Bathroom, Front & Back Covered & Uncovered Porches & Patios ~ 800+/- SF Upper-Level Consists of 3 Bedrooms, 2 Bathrooms & Ample Floored Attic Storage ~ Lower Level is a Partially Finished Full Basement w/a Bedroom, Bathroom Plumbed for a Tile Shower, Office/Theater Room, Tool Room/Hobby Room, 2nd Laundry Room & Tons of Storage Closets ~ Triple Zoned HVAC.
INSPECTION: Property can be Viewed 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 2023: $3,296.00 (entire property)
SCHOOL DISTRICT: Lake Hamilton
TERMS: (TRACT 1) $10,000.00 ~ (TRACT 2) $40,000.00, Each in the Form of a Cashier’s Check made Payable to 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% Auction/ Buyer’s Premium ~ Offers Prior to Auction Day are Welcome.
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