Investment Property on Highway 25 - Montevallo, AL - Montevallo, AL

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Investment Property

Highway 25 - 2 Homes and Acerage

Montevallo, Alabama

Part of The Shelby County Mega Auction!

Owner Financing Available - Call for Details!

Thursday • October 30th, 2008 • 12:00 NOON CST

PROPERTY HIGHLIGHTS:

Selling Individually or as a Whole
Great Investment Property
25± Acre Residential Development Property
2 Homes on property
Current Monthy Income - $1,350
Zoned AO (Agricultural Open District)
Approximately 260' frontage on Highway 25
Utilities Include Water and Electric
Annual Property Taxes $2,594.83 (entire parcel)

OFFERING:

The two homes and the raw land will be offered individually. Then all 25 acres including the homes will be offered as a whole with a 5% raise.

AUCTION REGISTRATION AND PROPERTY VIEWING:

Auction registration will begin at 10:00 AM. Registration will begin 2 hours prior to the auction to answer any questions you might have about the property. Please feel free to drive by the property at your leisure.

AUCTION TIME AND LOCATION:

Auction will begin at 12:00 Noon and will be held at The American Village located at 3727 Highway 119 in Montevallo, Alabama 35115. Please go to the Directions section of the web page for detailed directions to The American Village.

BROKER PARTICIPATION:

If you are a Broker and have a client that you would like to represent at this auction, please fill out the Broker Participation Registration Form and send it to us back to us by email: ebarran@gatewaycommercial.net Fax: 256.350.9100 or hand delivery. Please feel free to contact us if you have any questions at 1.877.766.AUCTION or 256.353.7525.

ABSENTEE BIDDING AND PHONE BIDDING:

For information on absentee bidding or phone bidding please call the home office at 1.877.766.AUCTION(2828) or 256.353.7525.

CONTACT INFORMATION:

For information or private showing please contact Emmette Barran, CCIM, at 256.303.1703 or Bryan C. Knox at 256.898.5985 or contact the home office at 1.877.766.AUCTION or 256.353.7525. We will be happy to meet on your schedule to show you the property at anytime!

Auction Manager(s):

Bryan C. Knox, AL# 1587: bknox@amerisouthauctions.com office: 256.353.7525 cell: 256.898.5985

Emmette Barran, CCIM, AL# 5076: ebarran@gatewaycommercial.net office: 256.353.7525 cell: 256.303.1703

Documents related to this auction may be updated from time to time. Please review all documentation on a regular basis to ensure that you have reviewed the most current information related to this auction.

Auction Terms

The following are Terms and Conditions of the Auction. Please review and if there is any item that you do not understand, please call us at 256.353.7525 or see one of our auction staff members at the auction!

Bidding:

All bidding is open to the public. Everyone must register for a bidder number. Bidder registration will begin one hour prior to auction. Down Payment accepted in the form of cash, personal or business check, or certified funds. Auctioneer represents the Seller in all transactions.

Amerisouth Auction, Inc. is acting exclusively for the Seller as Auctioneer and Broker.

Deposits:

At the conclusion of the auction, the high bidder will make a down payment equal to 10% of the Contract Sales Price. The contract form is in your Auction Information Package for you to review beforehand. The sale is not contingent upon financing or any other contingencies. Upon acceptance by Sellers the deposit is non-refundable.

Closing:

Balance of purchase price due at closing by Sellers' appointed closing agent within 30 days after the auction. Seller will prepare a warranty deed. All other closing costs will be the Purchaser's expense. Taxes will be prorated from date of closing.

Conditions:

A 10% Buyer's Premium will be added to the final bid price and included in the Total Purchase Price.

All property to be sold "As Is, Where Is", with any and all faults and no implied warranties by Seller or Auctioneer. The information included herein is a summary of information available from a variety of sources including the Seller, most of which have not been independently verified. This summary has been provided for the use of the prospective bidders at public auction. All information and opinions are supplied herein without warranties or representations; either expressed of implied whatsoever from Amerisouth Auction, Inc., the Sellers, or any of their respective representatives, agents, of employees. Buyers shall rely on their own information, judgment and inspection of the property, records and documents.

All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Conduct of the auction and increments of bidding are at the direction of the Auctioneer. The selling price of each property shall be determined by competitive bidding at the auction.

No property will be sold with contingencies in the contract(s) including any financing contingency.

Seller reserves the right to sell at anytime without notice but intends to sell at auction.

Directions/Map

To Property:

At I-65 Exit #228 go west on Hwy 25 for 0.75mile. Turn left on Hwy 31 and go 0.16 mile. Turn right on Hwy 25 and go 4.55 miles to property on right. Watch for Amerisouth Auction signs!

To Auction Site (The American Village):

From Birmingham:

Travel south on I-65 and take exit #234 (Shelby County Airport) and go 0.2 miles. Turn left on CR-87 and go 0.3 miles. Continue on Smokey Road (CR-12) for 1.3 miles. Turn right on Highway 22 (CR-22) and go 2.8 miles. Turn left on Montevallo Road (Highway 119) and go 1.5 miles to auction site on right.

From Montgomery/Clanton:

Travel north on I-65 and take exit #231 (Saginaw) and go 0.2 miles. Turn right on Montgomery Highway (US-31) and go 0.9 miles. Turn left on Highway 22 (CR-22) and go 4.4 miles. Turn left on Montevallo Road (Highway 119) and go 1.5 miles to auction site on the right.

AMERISOUTH AUCTIONS: REAL ESTATE SPECIALISTS!

Investment Property on Highway 25 - Montevallo, AL

Details

Auction Terms

Directions/Map

Amerisouth Auctions, Inc.