Attention Home Builders, Developers & Pulaski County Real Estate Investors!
ONLINE ONLY REAL ESTATE AUCTION – UNDER CONTRACT
903 E. Lee Ave. Sherwood, AR 72120
A pre auction offer was made and accepted by the Seller. This property is currently under contract. Don’t miss this opportunity to increase your net worth with this prime 6.53+/- acre tract located at 903 E. Lee Ave. in Sherwood, AR. This is one of few large tracts of land in this area. The property features a 1,544+/- SF home with mature trees throughout providing plenty of shade. There is an additional homesite on the property that has been deemed salvage. The property would make an excellent home site or residential development. A 10% Buyer’s Premium will apply.
Additional Information
Utilities: North Little Rock Electric, Central Arkansas Water, Septic
Pulaski County Parcel No. 23S0240013800
School District: Sherwood Pulaski County Special School District
Estimated Taxes: $987.09
Land Type: RA23000
Zoned: Single Family Residential.
Auctioneers Disclosure: According to the City of Sherwood and North Little Rock Sewer, there is currently no sewer available for this lot.
Terms
903 E. Lee Ave. Real Estate Auction – Terms & Conditions
The Following Terms & Conditions Apply to The Online Real Estate Auction of 6.53+/- Acres Located at 903 E. Lee Ave. Sherwood, AR 72120. Also known as Pulaski County Parcel No. 23S0240013800
Bidder must read and accept all of the terms and conditions set forth below in order to bid. (SCROLL DOWN & READ ALL TERMS BEFORE PLACING ANY BIDS)
Buyer’s Premium: A buyer’s premium of Ten percent (10%) of the high bid will be added to the bid to determine the final purchase price.
Seller has the right to accept or reject any and all offers on real estate.
Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions. (See payment instructions below)
Payment Instructions: Upon the Sellers acceptance of the highest bid, the successful purchaser will be required to make an earnest money down payment in the amount of 20% of the contract purchase price made Payable to __________________Title Company. The balance is due in 30 days at closing. Purchaser will receive a General Warranty Deed at closing. Additionally, Seller will provide the purchaser an Owners Title Insurance Policy at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.
Earnest Money Down Payment: 20% of the contract purchase price is due immediately following the auction. This is a non-refundable earnest money down payment and the balance is due in 30 days at closing. No exceptions
Buyer’s Commitment: Your bids placed on the Wooley Auctioneers website/bidding platform are a FIRM COMMITMENT TO BUY and you are responsible for paying all amounts due.
Abandoned Personal Property Disclosure: Auction company will not be responsible for the removal of abandoned personal property. All abandoned personal property that has not been removed prior to the date of closing will transfer to the purchaser.
Currency Type: USD
Auction Location: Internet Online Only
Additional Terms of Sale:
Your bid is a FIRM COMMITMENT TO BUY should you be the winning bidder.
All property is sold “AS IS”.
By bidding on property, the bidder shows acceptance of the terms of the auction
All announcements made prior to the close of the Internet bidding take precedence over all written or verbal statements.
Wooley Auctioneers attempts to describe the property to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a purpose. Nor shall we be responsible for any errors or omissions in the description of the property.
Wooley Auctioneers, Inc. is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Auction Company reserves the right to withdraw or re-catalog items in this auction.
EXPLANATION SOFT CLOSE: if an item receives a bid within the last 5 minutes, then the close time will be extended 5 minutes from the time the bid is placed. The time will continue to be extended for 5 minutes with each newly placed bid and the item will not close until 5 minutes has elapsed with no additional bid activity. This does eliminate “snipers” from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers
Auctioneers Disclosure: According to the City of Sherwood and North Little Rock Sewer, there is currently no sewer available for this lot.
