CUSTOM 2100 SF +- FURNISHED HOME ON WHITE RIVER

Arkansas Real Estate Group Fayetteville test testt

349 McPhearson Terrace

Norfork, AR 72658

Date(s) 8/30/2021 - 9/30/2021

Online bidding will close at 12:00 noon CST on Sept. 30. Highest bid will be taken to live on site auction on Oct. 1 at 11:00 am CST. Live on site auction to begin on October 1 at 11:00 AM CST.

Past Auction

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Catalog

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Bidding Notice:

EVEN IF YOU ARE THE HIGH BIDDER ON THIS AUCTION WHEN THE INTERNET BIDDING HAS CLOSED ON SEPTEMBER 30, 2021, AT 12:00 NOON CST, THIS DOES NOT MEAN THAT YOU HAVE WON THE AUCTION OR THE PROPERTY. YOUR ABSENTEE BID IS TAKEN TO THE LIVE ON SITE AUCTION AT 11:00 A.M. CST ON OCTOER 1, 2021, WHERE YOU WILL HAVE THE OPTION TO BID HIGHER ON AUCTION DAY BY ATTENDING THE LIVE AUCTION IN PERSON.

Auction Notice:

Online bidding will close at noon CST on Sept. 30. Highest bid will be taken to live on site auction on Oct. 1 at 11:00 am CST

Auction Information

Name	CUSTOM 2100 SF +- FURNISHED HOME ON WHITE RIVER
Auctioneer	Arkansas Real Estate Group Fayetteville test testt
Type	Internet Absentee Bidding
Date(s)	8/30/2021 - 9/30/2021
Auction Date/Time Info	Online bidding will close at 12:00 noon CST on Sept. 30. Highest bid will be taken to live on site auction on Oct. 1 at 11:00 am CST. Live on site auction to begin on October 1 at 11:00 AM CST.
Preview Date/Time	OPEN HOUSE: SEP. 10-13 AND SEP. 29-30, 1-5 PM CST
Location	349 McPhearson Terrace Norfork, AR 72658
Buyer Premium	10% BUYER'S PREMIUM
Description	Beautiful custom riverfront home located in the picturesque Ozark Mountains, a getaway on the famous trout-filled White River and just 30 minutes south of the growing Mountain Home area with shopping, restaurants and scenic Norfork Lake, and 30 minutes north of Mountain View with its Ozark music festivals and Blanchard Springs Caverns. This low-maintenance home was designed to maximize the beautiful view of the White River and the surrounding pastoral scenes. Every room in the home is stylishly furnished and ready to entertain family and friends with 2100 sf+-, 3 bedrooms and 2.5 baths. Only used by the owners as a family vacation home, it's in like new condition. The living room features stunning woodwork and a native stone fireplace along with a wall of picture windows that create the perfect frame to view the river scene. Also included is a spacious utility room with a full-size washer and dryer, an upstairs loft, and a cozy screened-in porch which offers a cool spot to watch the birds or read a book. The native stone came from the First Baptist Church, Melbourne, Arkansas. When the building was demolished and replaced, the large stones were dumped in a nearby field and forgotten. The seller grew up in the church parsonage across the street from the church and wanted to find the familiar stones. In 2005 while designing her White River Dream House, she contacted her childhood friends and the stones were recovered and relocated for the construction of the fireplace, front porch and foundation walls. This well-loved home represents her childhood memories of the Ozarks' natural beauty and its calming effect on all who take the time to sit on the porch and enjoy nature. This home is located on Lot 20, in the Sneeds Creek Landing, Phase II Subdivision - Parcel No. 002-11212-020, Baxter County, Arkansas. DIRECTIONS: From 412 Bypass around Mountain Home, take HWY 201 west at the stop light. Go 10 miles and turn right on HWY 341. Travel 11.7 miles and turn left on County Road 73 (at the Sneeds Creek Access White River sign). Go 3.1 miles and turn left on County Road 124. Travel 1.4 miles and veer right at the "Y" onto Sneeds Creek Rd. Go to McPhearson Terrace and turn left. House is the 5th house on right. Look for auction sign.

Terms and Conditions

REAL ESTATE TERMS AND CONDITIONS 1. WHO CAN BID: ANYONE WHO IS QUALIFIED TO PAY FOR THE PROPERTY UPON THE TERMS AND CONDITIONS OFFERED. 2. SUCCESSFUL BIDDER: IMMEDIATELY UPON THE CONCLUSION OF THE AUCTION, THE FINAL HIGH BIDDER WILL BE REQUIRED TO SIGN A REAL ESTATE CONTRACT AT AUCTION IN THE AMOUNT OF THEIR BID PLUS A 10% BUYERS PREMIUM TO DETERMINE THE FINAL CONTRACT SALES PRICE. (EXAMPLE: $100,000 BID PRICE + 10% BUYERS PREMIUM = $110,000 TOTAL CONTRACT SALES PRICE.) 3. DOWN PAYMENT: THE DOWN PAYMENT OF $20,000 MAY BE PAID BY PERSONAL CHECK, CASHIER'S CHECK, OR CERTIFIED FUNDS. THIS AMOUNT WILL BE DEPOSITED IN A REAL ESTATE ESCROW/TRUST ACCOUNT, AND WILL BE APPLIED TO THE PURCHASE PRICE AT CLOSING. IF BUYER FAILS TO FULFILL THEIR OBLIGATION, THE DOWN PAYMENT WILL BECOME LIQUIDATED DAMAGES. 4. FINANCING: THIS IS A CASH SALE. NO SELLER FINANCING. YOU MUST PAY CASH OR PROVIDE YOUR OWN FINANCING AT CLOSING. 5. REAL ESTATE TAXES: TAXES AND SPECIAL ASSESSMENTS, IF ANY, DUE ON OR BEFORE THE CLOSING DATE, WILL BE PAID BY SELLER. TAXES ON THE PROPERTY WILL BE PRORATED ,AT CLOSING, WITH THE SELLER PAYING THE TAXES FROM JANUARY 1, 2021 UNTIL THE CLOSING DATE, AND THE BUYER PAYING THE TAXES FROM THE CLOSING DATE UNTIL THE REMAINDER OF 2021. 6. BUYERS AND SELLERS CLOSING COSTS: THE BUYER AND THE SELLER WILL PAY THE NORMAL SHARED CLOSING EXPENSES. 7. CONVEYANCES: TITLE INSURANCE AND GENERAL WARRANTY DEED WILL BE PROVIDED BY THE SELLER TO THE BUYER, FREE AND CLEAR OF LIENS AND ENCUMBRANCES. 8. CLOSING: CLOSING WILL BE HELD WITHIN THIRTY DAYS. 9. POSSESSION: POSSESSION WILL BE GIVEN TO THE BUYER ON THE CLOSING DATE. 10. INSPECTIONS AND REPAIRS: ALL LAND AND BUILDINGS ON THE LAND ARE SOLD ON AN AS IS, WHERE IS, AND WITH ALL BENEFITS AND ALL FAULTS, BASIS, WITH NO CONTINGENCIES. NO WARRANTIES OR GUARANTEES EXPRESSED OR IMPLIED. BIDDERS AND/OR BUYER'S BROKERS ARE RESPONSIBLE FOR CONDUCTING THEIR OWN INSPECTION OF THE PROPERTY PRIOR TO THE AUCTION AND SHOULD RELY SOLELY UPON THEIR OWN DUE DILIGENCE AND INSPECTION. 11. ERRORS OR OMMISSIONS: ALL INFORMATION VERBAL OR PRINTED IS FROM SOURCES DEEMED RELIABLE. HOWEVER, THE SELLERS, BROKER, OR AUCTIONEERS, ASSUME NO LIABILITY FOR ACCURACY, MEASUREMENTS, ERRORS OR OMMISSIONS. 12. STATEMENT OF AGENCY: ALL PRINCIPALS AND ASSOCIATES OF ARKANSAS REAL ESTATE GROUP FAYETTEVILLE ARE AGENTS OF THE SELLER. IT IS OUR DUTY AND OBLIGATION TO THE SELLER TO OBTAIN THE HIGHEST AND THE BEST BID POSSIBLE. WE HAVE GONE TO GREAT EXPENSE TO HAVE THIS AUCTION AND FULLY INTEND TO HONOR THE HIGH BID OBTAINED TODAY, HOWEVER, THIS IS A RESERVE AUCTION AND THIS PROPERTY IS BEING SOLD SUBJECT TO SELLER CONFIRMATION.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 9,999,999.99	1,000.00 USD

Payment Information

Currency	USD
Buyer Premium	10% BUYER'S PREMIUM
Payment Terms	DOWN PAYMENT: THE DOWN PAYMENT OF $20,000 MAY BE PAID BY CASHIER'S CHECK OR CERTIFIED FUNDS. THIS AMOUNT WILL BE DEPOSITED IN A REAL ESTATE ESCROW/TRUST ACCOUNT, AND WILL BE APPLIED TO THE PURCHASE PRICE AT CLOSING. IF BUYER FAILS TO FULFILL THEIR OBLIGATION, THE DOWN PAYMENT WILL BECOME LIQUIDATED DAMAGES.

Shipping / Pick Up

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.