Public Auction - Online Bidding Only!
BIDDING ENDS THURSDAY, JUNE 29TH @ 12NOON.
OPEN HOUSE INSPECTION: Wednesday, June 21st & Wednesday, June 28th, 10:30am until 12:30pm
Outstanding vacation property in historic Mentone, Alabama including spectacular mountain bluff land with an original rock house on top of Lookout Mountain in the Appalachians! We are also selling (17) lots at Desoto Falls Park on Little River that is located a couple of miles from this mountain house. Please view that auction on our home page as well.
Pearce & Associates has been commissioned to sell this amazing property for estate settlement purposes. The family has owned this property for 4 generations and it has never been offered for sale to the public. This is an amazing opportunity to purchase highly desirable mountain vacation property at your own price.
Parcel #1 - Original home place, rock house with guest house located on 2.5 acres. This house is located on the Scenic Highway and features prime views on Lookout Mountain which is part of the Appliachians. Parcel #28-10-09-32-0-004-002.000
Parcel #2 - 3.6 Acres of land located on Scenic Highway, directly accross from Parcel #1. This is a partically cleared land that is level and offes an ideal homesite as well as a place to build your barn. Parcel ID#28-10-09-32-0-001-053.000
Also selling (7) incredible waterfront lots on Little River right near Desoto Falls State Park and (10) off water lots.
Mentone House from Chip Pearce on Vimeo.
About Mentone Link:
Desoto Falls Link:
Auction - (17) Lots at Desoto Falls, Mentone, Alabam from Chip Pearce on Vimeo.
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.
No bid retractions, no bid withdrawals.
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.
Closing Attorney: McCleod & Associates, Hoover, Alabama.
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 entire auction will extend the time remaining another 5 minutes and will continue to extend as long as bidding takes place. This gives you time to defend your bid and allows bidders to opportunity to bid on both lots being offered.