Auction Description

ATTENTION: MORRILTON BUILDERS, DEVELOPERS & LAND BUYERS!

97.46+/- Acre Maxwell Cattle Farm ~ First Time on the Market in Over 75 Years & Selling with NO RESERVE! ~ Offered in (5) Newly Surveyed Tracts & Combinations ~ Located 2.4+/- Miles from I-40 (Exit 108) in Morrilton ~ SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER!

AUCTION LOCATION: Morrilton Chamber of Commerce - 119 E Broadway St, Morrilton, AR 72110

PROPERTY ADDRESS: 547 AR-287, Morrilton, AR 72110

REAL ESTATE DESCRIPTION: First Time on the Market in Over 75 Years! ~ Don't Miss this Opportunity to Buy Part or All of the Incredible 97.46+/- Acre Maxwell Cattle Farm, Conveniently Located 2.4 Miles from I-40 (Exit 108) in Morrilton, with 600+/- Ft. of HWY 287 Frontage & 2,000+/- Ft. of Frontage Along French Hill Road ~ This Property Features Over 80 Acres of Cleared, Improved Rolling Pastureland with a 15+/- Acre Stand of Mature Timber on the South End of the Farm with 3 Ponds, Several Barns & a 1948 1,200+/- Sq. Ft. Farmhouse in South Conway County School District ~ This Property Will be Offered in Multiple, Newly Surveyed Tracts & Combinations, with All Seller Owned Mineral Rights & it’s ALL SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY! ~ Utilities Include Electricity, City Water (Along the HWY & French Hill Rd.) & Septic Tank ~ Offers Made Prior to Auction Day are Welcome!

TRACT DESCRIPTIONS:

(TRACT 1) 3.73+/- Acre Corner Lot w/Frontage on HWY 287 & French Hill Rd. ~ Cleared & Ready to Build.

(TRACT 2) 2.37+/- Acre Tract w/Farmhouse & Barn Lying West of Tract 1.

(TRACT 3) 9.29+/- Acres Fronting on French Hill Rd. w/Large Pond & Barns ~ Cleared & Ready to Develop!

(TRACT 4) 24.56+/- Acres Fronting on French Hill Rd. w/Pond ~ Cleared & Ready to Develop.

(TRACT 5) 57.51+/- Acres Accessed from French Hill Rd. Mostly Pasture w/a Wooded Ridge Perfect for Building Sites.

INSPECTION: Drive by & View this Property Anytime ~ Contact Agent Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com ~ Auctioneers will be On-site at 10:00 a.m. for Inspection & Registration on Auction Day.

CLOSING COMPANY: Benchmark Title Company ~ Closing Agent: Rane Murders (rane@benchmarktitlellc.com) ~ 212 E. Railroad Ave, Morrilton, Arkansas 72110 ~ (501) 477-2296 ~ Fax/ 477-2339.

REAL ESTATE TAXES FOR YEAR 2024: $161.60

SCHOOL DISTRICT: South Conway County

TERMS: (TRACTS 1-3) $10,000.00 (Per Tract) ~ (TRACT 4) $20,000.00 ~ (TRACT 5) $25,000.00, All 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.