The Estate of the late Donald Hartman
"Hartman's Castle" - Selling (2) waterfront properties located on Logan Martin Lake, at 1298 Davis Acres Drive, Apline, Talladega County, Alabama 35014.
Lot #1 - Parcel ID#11-06-23-0-000-143.000 (Includes the Castle)
Lot #2 - Parcel ID#11-06-23-0-000-142.000 (Includes guest house)
This property is famously known as the "Hartman Castle". The lots include (2) homes that are in need of repair. Mr Hartman passed away in 2022. The homes have not been occupied recently and have damage from leaks and also have mold present. The successful buyer of the property will have the opportunity to refurbish and repair or tear the homes down to build new homes on these highly desirable waterfront lots!
This auction features an "Extend One, Extend All" feature. If either of the parcels receive a bid in the last 5 minutes, both will extend another 5 minutes and will continue to extend as long as bidding takes place. This feature allows the bidder the opportunity to bid on both lots and defend their bids without a parcel ending too soon.
BIDDING will end on Tuesday, May 2nd starting at 1:00pm central time.
INSPECTION - Due to the condition of the homes, we will not allow anyone to enter the houses without a representative from Pearce & Associates there. You can visit the property anytime up until the auction ends to inspect the exterior of the homes and the land. We will post an open house date for those who wish to view the interior of the home. We will recommend that you bring a mask due to the mold that is present.
OPEN HOUSE - Monday, May 1st 10:30am - 12 Noon
Terms & Conditions of Sale: A 10% buyers premium will be added to the winning bid to determine the final sales price. The Heirs of the estate will have right of refusal of the final bid. Successful buyer will have to submit 15% down within 24 hours and close within 30 days. This is a cash sale, without contingencies. Seller guarantees free and clear title. Purchaser pays closing cost and title insurance. All bidders will be required to accept the terms and conditions of this auction before you are allowed to bid online. Brokers Participation: If you are a broker representing a buyer, you will be required to register your client with Pearce & Associates. Your commission will be added to the buyers premium! Example: $100,000 bid, plus 10% auctioneers buyers premium equals $110,000 gross sales price. Broker/Buyer you will add 5% for your commission for a total of 15% buyers premium.
Auction manager - Larry "Chip" Pearce AL#1088
Madelyn Pearce - Certified Estate Specialist
REAL ESTATE AUCTION
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.
The property will be sold by legal description and transferred by warranty deed.
A 10% buyers premium will be added to the winning bid to determine the final sales
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price.
The terms are 10% down payment with the balance due within 30 days.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.
Ad Valorem taxes will be prorated at closing.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As
Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.
Bidding: Bidding info- When you bid your max the current bid price doesn't automatically go to your max bid. Someone else has to bid to increase the current price and the
computer will automatically bid up to your max in the increments specified.
This auction has what is called an auto extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.