3-Bedroom Home & Lot: 505 19th Avenue, Lanett
Lot Number:1
Connecting
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End Time:3/9/2024 4:00:00 PM
Bid Count:29
Current High Bidder:5001 (Tennessee)
Starting Bid:$50,000.00
Bid Increment:$1,000.00
Current Bid:$100,000.00

LIVE AUCTION WITH ONLINE PRE-BIDDING

3-BEDROOM HOME & LOT

BROOKWOOD SUBDIVISION, 1ST ADDITION

505 19th Avenue, SW · Lanett, AL  (Chambers County)

LIVE ON SITE:  Saturday, March 9th · 11 AM EASTERN
Pre-Bid ONLINE at www.fowlerauction.com until Saturday, March 9th at 10 AM Eastern

 

· Foyer
· 3 Bedrooms
· 2.5 Baths
· Living Room With Fireplace And Doorway To Back Porch
· Dining Room
· Kitchen With Breakfast Area
· Laundry Room With Cabinets & Mud Sink
· Basement
· 2-Car Garage

Watch For Auction Signs!

· Results of this auction are subject to approval by Chambers County Circuit Court; Case #CV-2023-900064.
· This is a LIVE auction with ONLINE pre-bidding that will close at 10 AM EASTERN time auction day. The winning pre-bidder at 10 AM will be eligible to participate in the LIVE auction.
· A 10% Buyer's Premium will be added to the highest bid to arrive at the total bid price.

· A 20% deposit (escrow money) of the total purchase price of the real  property will be due auction day with the balance being due within 30 days or five (5) days following court approval.
· Closing will take place in the office of Claud E. McCoy, Jr.  Office is located at 117 North Lanier Avenue, Suite 201 in Lanett, AL.  Office phone number is (334) 644-1171.
· Real Property will be conveyed by Deed Description.
· 2023 Taxes = $1787.  2024 Taxes will be pro rated.
· No Broker Participation will be available for this auction.

 

 All announcements made auction day take precedence over all printed and web material.


NOTE:  It is very IMPORTANT that every Bidder read & understand the terms & conditions BEFORE bidding (either ONLINE or LIVE).  Each Bidder is solely responsible for inspecting this property BEFORE bidding.  Property is sold AS IS, WHERE IS.

We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.

No donations for this lot

SIMULCAST:  LIVE/ONLINE Auction:  Saturday, March 9th, 2024 at 11 AM, Eastern Time.
Auction results are subject to Circuit Court Of Chambers County approval; Case #CV-2023-900064
Lot 9, Block "I" of Brookwood Subdivision located at 505 19th Avenue, SW in Lanett, AL.

Pre-bidding will close at 10 AM auction day. The highest reasonable pre-bid will be the opening bid for the LIVE/ONLINE auction which will begin at 11 AM. All registered pre-bidders will be eligible to participate in the simulcast auction.

Real Estate:  A 10% Buyer's Premium will be added to the highest bid price to arrive at the total bid price.  A non-refundable deposit of 20% (escrow money) of the total purchase price is required auction day. The remaining balance will be due at closing, which will occur within thirty days (30) of auction date or five (5) days following court approval, whichever is later.  All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility.  

Property will be conveyed by deed description.

Closings will take place in the office of Claud E. McCoy, Jr.  Office is located at 117 North Lanier Avenue, Suite 201 in Lanett, AL.  Office phone number is (334) 644-1171.

No Broker Participation will be available for this auction.

Announcements made auction day take precedence over ALL printed material.

If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.

SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.

Disclaimers & Absence of Warranties:
* Home may contain lead-base paint.  Prospective Buyers may inspect ten (10) days prior to auction day at the sole expense of the prospective Buyer.
* Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc. 
* In all transactions, the Auctioneers are acting as agents for the Seller only. 
* Property will be sold 'AS IS, WHERE IS' with no guarantees,expressed or implied, by Fowler Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.

Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.

Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. & John Stewart Auctions will reject the registration, and bidding activity will be terminated. The Seller, Fowler Auction & Real Estate Service, Inc. & John Stewart Auctions reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.

Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.

When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.

DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.

Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, buyer agrees to all terms and conditions set forth.

Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

Conducted By
Fowler Auction & Real Estate Service, Inc.
(256) 420-4454 · www.fowlerauction.com

505 19th Avenue, SW ·
Lanett, Alabama 36863
United States