LIVE AUCTION: SATURDAY, JUNE 28TH · 10 AM, EASTERN
167.476 ACRES± OF PRIME REAL ESTATE
& 2 HOUSES IN 4 TRACTS
Magnolia Road · Lanett, Alabama (Chambers County)
· INTERSTATE FRONTAGE ·
Whether you're looking to invest in a new property or expand your portfolio, this auction presents a unique opportunity to acquire prime real estate. With a range of options available, from homes ready for occupancy to plots of land ripe for development, there's something to suit every investor's needs. Don't miss your chance to secure a valuable asset that promises both immediate and long-term benefits.
Tract 1A (803 Magnolia Road) contains 2 acres± with road frontage on Magnolia Road and a brick home.
Tract 1 contains 125.649 acres± with road frontage on Magnolia Road & Interstate 85.
Tract 2 contains 31.978 acres± with frontage on Interstate 85.
Tract 3 (Magnolia Road) contains 7.849 acres±with a home and road frontage on Magnolia Road
AUCTION NOTES
· This is a LIVE auction.
· A 10% Buyer's Premium will be added to the highest bid to arrive at the total bid price for real.
· A 20% deposit (escrow money) of the total purchase price of the real property will be due auction day with the balance being due within 30 days.
· Closing will take place in the office of Claud E. McCoy, Jr. Office is located at 117 North Lanier Avenue, Suite 201 in Lanett, AL. Office phone number is (334) 644-1171.
· Real Property will be conveyed by survey description.
· 2025 Taxes will be pro rated.
· No Broker Participation will be available for this auction.
NOTE: It is very IMPORTANT that every Bidder read & understand the terms & conditions BEFORE bidding (either ONLINE or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding. Property is sold AS IS, WHERE IS.
We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.
This auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Daniel Culps, CAI, CES; ALSL5070, TNSL5890, TNFIRM2315
8719 Highway 53 · Toney, Alabama 35773
(256) 420-4454
www.fowlerauction.com
167 Acres± & 2 Houses In Chambers County, AL
Real Estate: A 10% Buyer's Premium will be added to the highest bid price to arrive at the total bid price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required auction day. The remaining balance will be due at closing, which will occur within thirty days (30) of auction date. All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility.
Closing will take place in the office of Claud E. McCoy, Jr. Office is located at 117 North Lanier Avenue, Suite 201 in Lanett, AL. Office phone number is (334) 644-1171.
The real property will be conveyed by survey descriptions.
No Broker Participation will be available for this auction.
Announcements made auction day take precedence over ALL printed material.
If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.
SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.
Disclaimers & Absence of Warranties:
* Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc.
* Homes may contain lead-based paint. Prospective Buyers may inspect ten (10) days prior to auction date at the sole expense of the prospective Buyer.
* In all transactions, the Auctioneers are acting as agents for the Seller only.
* Property will be sold 'AS IS, WHERE IS' with no guarantees,expressed or implied, by Fowler Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.
Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.
Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. & John Stewart Auctions will reject the registration, and bidding activity will be terminated. The Seller, Fowler Auction & Real Estate Service, Inc. & John Stewart Auctions reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.
Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.
When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.
DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.
Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, buyer agrees to all terms and conditions set forth.
Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Conducted By
Fowler Auction & Real Estate Service, Inc.
(256) 420-4454 · www.fowlerauction.com