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Saturday JUNE 26th 10 A.M.
Beautiful Bay Springs Estates at ZERO PERCENT (0%) Owner Financing!!!
Buy now and build later! High Bidder's choice from 1 up to 10 restricted building lots in prestigious Bay Springs Estates ranging from 0.61 +/- acres to 1.04 +/- acres.
Plus an additional 2.5 +/- Acre wooded lot on the corner of Magnolia Trail and County Road 116 at the entrance of Bay Springs Estates.
Bay Springs Estates is a residential development, restricted to site-built homes only, containing a minimum of 2,000 square feet of heated area. Lots have sewer, power, natural gas, public water, cable, and high speed internet on paved city streets. All lots are level, open, and ready for you to build your dream home on.
Bay Springs Estates in conveniently located to WEISS Lake (The Crappie Capital of the World) and nestled between the Bay Springs and Tate's Chapel Communities in Centre, Alabama.
Don't miss this once in a lifetime opportunity to purchase real estate at ZERO % financing.
Selling on location at Bay Springs Estates on Magnolia Trail in Centre, AL.
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Lot 5: 0.73 +/- acres
Lot 6: 0.61 +/- acres
Lot 7: 0.61 +/- acres
Lot 8: 0.61 +/- acres
Lot 9: 0.61 +/- acres
Lot 10: 0.63 +/- acres
Lot 11: 0.63 +/- acres
Lot 13: 0.63 +/- acres
Lot 17: 0.96 +/- acres
Lot 19: 1.04 +/- acres
Parcel A Lot: 2.5 +/- Acres
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Things to know for this auction:
Auction Site: Bay Springs Estates on Magnolia Trail in Centre, AL.
Directions to Auction Site: From Centre at the intersection of Hwy 9 and Hwy 68 Bypass (CVS Pharmacy), take Hwy 68 Bypass West 1.5 miles to County Road 61 (Jack's Restaurant) and turn right, go 6/10 of a mile to County Road 116 and stay straight, go 1/2 mile and turn right onto Magnolia Trail. Auction signs are posted.
Preview: Property can be previewed at any time.
Registration: Registration begins 1 hour prior to auction start time. All interested persons must register to bid prior to bidding.
OWNER FINANCING: Ten (10%) Down due at Closing.
ZERO PERCENT (0%) as follows:
1 lot ZERO (0%) for 3 Years (36 Months).
2 lots ZERO (0%) for 4 Years (48 Months).
3 + lots ZERO (0%) for 5 Years (60 Months).
Terms: There is a 10% Buyer’s Premium on the Real Estate that will be added to Purchaser’s bid to arrive at the final bid price. The ten percent (10%) Buyer's Premium is due on day of auction for the Real Estate and will serve as the deposit. The deposit will be held in escrow until closing. Balance is due at closing. Closing will be held on or before July 26th, 2021.
This sale is not contingent on a potential buyer’s ability to obtain financing.
All property is being sold "AS IS" without any warranties, guarantees, or promises.
Survey Fees: There is a $200 reflagging fee on each lot except Parcel A Lot.
Parcel A Lot will be surveyed and purchaser will be responsible for survey fee.
Concessions: Free BBQ will be served following the auction.
ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY ORAL, PRINTED, or PUBLISHED INFORMATION.