Beautiful 138 Acre Farm, Large Estate Home, pastures, barns/buildings, River Frontage, more! Estate

by Pearce & Associates

When

August 03, 2018

Where

Burdette Horse Farm 2745 Ricetown Road Hayden, AL

How

Online Only

Notes

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An Incredible Farm Auction!  If you are looking for that ideal location to live and raise cattle, horses or any other type of livestock, this is it!

Ideal for many uses:  Farm * Retreat  *  Private Residence with home business opportunities (large buildings)  *  

Pearce & Associates has been hired by the longtime owner and developer to sell her and her late husbands beautiful horse farm.  She has made the difficult decision to sell her beloved farm and retire to a much smaller property.  

They developed this incredible farm over 20 years where they owned and raised horses and other livestock.  This is a fantastic opportunity for the right buyer who is looking for ready to use farm. It offers many uses.

This auction includes:

11,000 Sq Ft Executive Home with (8) Bathrooms, 5 Bedrooms, Full apartment upstairs with its on entrance, full finished basement with kitchen, elevator,   *  (6) Buildings  *  (10) stall Horse Barn with (60X90') covered riding arena  *  (2) private lakes with boat houses and docks  *  Over 1/4 mile frontage on the Mulberry Fork Branch to the Black Warrior River  *  Shops/Sheds/Garages  *  138 prime acres with pasture.  So much more!  Live - Farm - Raise Livestock for business or pleasure - Run a business - Fish - Hunt - Relax - Retire!

Located just off I-65 in Blount County, Alabama.  A short 30 minutes to Birmingham.  Simply beautiful and very private!



2% BROKERS PARTICIPATION!  Call our offices for a brokers participation form.  205-664-4300.

Online Bidding ends Friday, August 3rd @ 1:00pm central time.  

OPEN HOUSE DATES:  Monday, July 16th, 10am - 12noon.  *  Saturday, July 21st, 10am - 12noon. * Tuesday, July 31st, 10am until 12noon.  .  Pearce staff will be on site on the last day of bidding Friday, August 3rd for those who need bidding assistance online.

(3) Ways to bid...

1.  Bid Online:  Set up a bidders account then register online for this auction.  Bid online.

2.  Bid Center:  You can attend a bid center on the last day of bidding at the farm or our corporate offices in Alabaster, AL.  Our staff will assist you with registering and placing your bids. 

3.  Absentee Bid Form:  You can request an absentee bid form from Pearce & Associates.  Complete this form with your maximum bid amount and submit a check in the amount of 10% and we will register you and bid on your behalf.  

Terms of Auction:  10% buyers premium.  Property sells subject to sellers approval.  Winning bidder must submit a cashiers check in the amount of 10% and execute a non contingent sales contract within 48 hours of the auctions ending.  Purchaser must close within 30 days.  Purchaser pays closing cost and title insurance.  Time is of the essence.  Closing attorney's: McCleod & Associates, Hoover, Alabama.  Property restricted to just one residence per access.

Seller will require 30 days after closing to move out of the property or no later than September 26th, 2018.

Personal property items are not included with the farm purchase.  Another online auction will be scheduled to sell various personal items.  For more information, please call our offices at 205-664-4300.


Terms

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
price.

Example: $1,000,000 bid, plus $100,000 (10% buyers premium) equals $1,100,000 gross sales price.

The terms are 10% down payment with the balance due within 30 days.

Purchaser to receive possession of the property within 60 days or no later than September 27th, 2018.

Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear. Closing attorneys: 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
or tender.

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.

A 2% brokers/agent participation fee is available to any qualified agent who is licensed in the State of Alabama. You must be an agent for the buyer and not the buyer to qualify.

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.

Conducted By

Pearce & Associates

205-664-4300, 888-783-4056, 251-600-9595

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