Online Only Auction
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Date(s)
7/19/2023 - 7/23/2023
AUCTIONEER INFORMATION
Bidding Notice:

Owner Financed Land. Your winning bid is the down payment plus a one time $249 processing fee and 17.5% Buyer's Premium. No credit checks and guaranteed financing.


Information
Lot # 8
Group - Category Real Estate - Residential
Lead Sharp County Arkansas: Cherokee Village Financed
Description
Cherokee Village has seven beautiful lakes within the city limits all maintained by the distract with hundreds of miles of surface area at no cost to investors! These lakes and other amenities are private to only be used by Cherokee Village property owners and guests. There are two amazing links golf courses or more amenities like swimming pools, pickleball and tennis courts or perfect areas for RVing and camping! Spend the days with all ages fishing, hiking, biking, camping, swimming or just relaxing away in a hammock. Start your land portfolio today with a beautiful property in a booming and great investment area! Great for recreation like golfing, hiking, swimming, relaxing and so much more! Low HOA less than $99/year and low property tax among the most affordable areas in the entire country! Your winning bid is your down payment on the property and subtracted from the sale price of $4,900, you then make monthly installment payments at $129/month and the interest rate (APR) is 12%. There is a Buyer’s Premium of 17.5% on your down payment amount only and a low $249 closing cost. There are no prepayment penalties so you can pay the property off at any time which allows you to save on any future interest expense.<p>Some images are of the general area and not of actual property.</p><p>Asset Type: Arkansas Bid & Assume</p> Size: 0.33 State: Arkansas County: Sharp County APN/PID: 318-00394-000 Legal Description: Lot 60 Block 7 Addition UTE Gov File #: L-29283
Name Gov. Forclosure! Starting at $99/mo
Auctioneer
Type Online-Only Auction
Date(s) 7/19/2023 - 7/23/2023
Location
Description
Auction Descriptions We are one of the worlds largest private land auction companies. The vast majority of our properties come from government agencies such as counties, states, cities and more. Dealing in such large amounts of properties from these agencies allows us to pass the savings on to you. All land sold through our online surplus auctions are guaranteed to have a free and clear title or your money back. Most of our land sold comes with no credit checks, no qualifying financing and low down and monthly payments. We have some farm land, also undeveloped and raw land, hunting and various other types of land for sale. Land can become a fantastic investment. Many of the world's wealthiest individuals have made their fortune from buying and selling land. Year over year, land typically produces income for those who rent it or develop it. As the supply of land decreases while the demand increases, land can continue to increase in value over the long term. Owning land is the quintessential American dream. When you own land, you own a part of America. When you purchase land in the U.S., it is yours forever unless you sell it. There are many reasons why land investment is beneficial. A few of the most popular reasons for buying land include: - To pay for a child's college education or your retirement with the profits from selling land - To custom-build a home for a vacation, retirement or primary residence - To use for sporting activities such as hunting and fishing - To realize tax advantages - To use as an investment for a self-directed IRA
Payment Terms/Returns You have 2 days to complete your payment. We recommend you review each item listing in detail and contact customer support as necessary. Don't forget all sales are final, unless under special conditions. All invoices must be paid in full 2 days after the auction-NO EXCEPTIONS Payments Methods: Visa, MasterCard, American Express, PayPal, Cashier's Check, Wire Transfer 17.5% Auction Buyer's Premium added to all purchases. Please do not bid if you cannot pay for the items. Good luck bidding! Re-lists Occasionally you may notice that an item is re-listed. This can be due to a variety of reasons such as a winning bidder in a previous auction not paying for the item, multiple types of the same item or it is one of the few items listed with a reserve and the reserve was not met. In the case that an item has a reserve, the auctioneer/computer will take the item to the agreed upon reserve. Item & Property Condition All properties at Governmentauction.com have clean titles and no leans. You can have peace of mind when purchasing property. All legal information on properties will be available in the descriptions or on the associated county websites. This is Owner Financed Land At GovernmentAuction.com, many of our financed land sales in the continental United States-in which your bid is your down payment and you then make monthly payments on the balance due on the property if you win the auction-have built-in financing at only 12% APR fully amortized. All buyers qualify for this affordable financing. There are no credit checks or pre-qualifications. Winning bidders for financed land sales in the continental United States will pay the cost of the down payment (which is subtracted from the purchase price) and a $249 processing fee plus a 17.5% buyers premium on your down payment amount only, then assume the remaining balance due at 12% interest. If you win a financed sale, we will send you detailed instructions regarding payment and vesting information requirements. Contract Details You can make your monthly payment by: - Paying online with a credit card-Visa, MasterCard, American Express, Discover-using our AutoPal option (see below) - Mailing your payment (personal check, cashier's check or money order) - Sending your payment via wire transfer Auto-payment Option for Financed Sales: AutoPal is the easiest way! With AutoPal, the company we use to manage our land Seller Notes, you don't have to remember any payment due dates, you don't have to worry about late payment charges and you don't have to put a check in the mail. To add or update your billing information, simply log in to your AutoPal account and go to the Profile page. We accept Visa, MasterCard, American Express and Discover credit cards, or you may use your checking or savings account to pay. With GovernmentAuction.com, there's never a need to pre-qualify and we never impose any pre-payment penalties! Do Your Research Before Buying Property All of the rural land, lots, home sites, recreational properties and foreclosures you see on GovernmentAuction.com have been purchased for resale on a sight-unseen basis. Pictures of government land shown for sale are of the general area in which the land is located. They are not actual pictures of the land, unless otherwise noted on the land profile page. Most of the land we feature is specified as raw land. This means the land is in its natural state. There is usually some, but limited road access; but there are no utilities such as water; electricity; gas or communications; drainage; landscaping, or structures of any kind. For these reasons, we encourage every buyer to do your research before any purchase. One of the best ways to perform your research is to call the state or county agency in which the government land is located. You can also find information for state and county agencies below. GovernmentAuction.com is dedicated to helping you complete your due diligence before bidding on government property for sale through our online government land auctions. Each tract of land is assigned a unique APN, or Assessor Parcel Number, by the tax assessor. The APN can be used to identify land and property details. In the case of raw land, which does not have a traditional address, an APN is used in place of an address. On GovernmentAuction.com, you will find the APN located on each land profile page. The APN is unique to each parcel of government land for sale. As a prospective buyer, you can call the Tax Assessor or County Clerk's office in which a particular parcel is located, give them an APN, and receive additional information about the property you are interested in bidding on or purchasing. If possible, you should personally examine the land, even take an inspector with you to ask the right questions and give you an accurate assessment of its value. When buying land, some important factors to consider include: - Zoning requirements (if you're planning to develop the land) - Surrounding sounds and smells - Natural hazards (soil or water problems, history of or potential for fires, floods, landslides, earthquakes, etc.) - Elevation and stability of the land - Easements, boundaries and restrictive covenants - Utilities (water rights and potability, depth of the water table, access to utilities and sewage, etc.) - Appraisal Legal Descriptions of Properties You should also make sure you understand the four types of Property Legal Descriptions. GovernmentAuction.Com is dedicated to helping you complete your research before bidding on government property for sale on the internet. Use our State and County Resource reference to help you with your research. GovernmentAuction.com has no direct affiliation with any government entities.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 20.00 2.00 USD
20.01 - 50.00 5.00 USD
50.01 - 100.00 10.00 USD
100.01 - 500.00 25.00 USD
500.01 - 1,000.00 50.00 USD
1,000.01 - 2,000.00 100.00 USD
2,000.01 - 5,000.00 250.00 USD
5,000.01 - 10,000.00 500.00 USD
10,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Payment Terms
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