Auction Detail
Awesome updated home South of Cantrell
Details
Fabulous Little Rock home with 3 bedroom, 2 1/2 bath has been designed for comfort.Totally updated home has it all inside and out! Approx. 3557 SF, loft overlooking large landscaped back yard and open downstairs living area. Updated kitchen and bathrooms. Master bath as oversized whirlpool tub, heated tiles in guest bathroom. Extra large master bed and large quest bedroom/inlaw quarters. Plenty of storage upstairs and down. Low maintenance yard includes mosquito mist and outlets around deck, flower sink, outdoor shower with separate water heater, water feature, dry creek bed, dog run, dog ouse and outside storage. MUST SEE!
LIVE AUCTION: Saturday, December 3, 2011 at 11:03 a.m.
Come Tour Property on:
November 20th 2:00 - 4:00 p.m.
November 27th 2:00 - 4:00 p.m.
For details, contact Meg France 501-351-1635 or
Johnny Mitchum 501-940-3231
Auction Terms
Terms and Conditions
REGISTRATION
In order to receive a bidder’s number, you must register by presenting a driver’s license and guaranteed funds (cashier’s check) made payable to yourself in the amount of $5000. In lieu of presentation of guaranteed funds, you may present a letter from your bank with language similar to the following: “As a customer of our bank, we will guarantee payment of checks drawn on account #_____________ not to exceed the aggregate amount of $_________for purchases at the auction of RPM-Mitchum Auctions, LLC on December 3, 2011.
DAY OF AUCTION DEPOSIT
If you are the successful bidder, you will endorse the cashier’s check over to the auction company as part of your day of auction deposit of 10% of your bid. The balance of your deposit may be paid with a personal or company check accompanied by a bank letter of guarantee or Certified Funds.
CONTRACT OF PURCHASE
The successful bidder must sign a real estate purchase contract immediately upon the conclusion of the bidding. No contract will be contingent on any matter such as financing.
BUYER’S PREMIUM
A Buyer’s Premium of ten percent (10%) will be added to the successful bidder’s high bid to determine the Total Purchase Price.
CLOSING
Closing shall take place no later than thirty (30) days after the auction at the offices of Janice Clayton, First National Title. The entire Purchase Price less the day of auction deposit must be paid by cashier’s check other certified funds. Buyer's day of auction deposit is non-refundable.
SELLER’S WARRANTY
The only warranty by the seller is good, merchantable title. The property is selling “as is, where is.” Title Insurance is available at buyer’s expense. The cost of providing good title such as title searches will be borne by the seller. Real Estate Taxes will be pro-rated and all other closing costs will be split evenly between the buyer and the seller.
AGENCY
RPM-Mitchum Auctions, LLC represents the seller(s) exclusively and acts solely on their behalf.
PRE-AUCTION OFFERS WILL BE ACCEPTED AND WILL BE PRESENTED.
Directions/Map
I-430 S and take exit 9 to merge onto AR-10 E Cantrell Road. Turn right onto Reservoir Road, turn left onto Old Forge Drive. Property on the right.
