ONLINE ONLY AUCTION
3.20 ACRE± COMMERCIAL / RESIDENTIAL CORNER LOT IN ARAB, AL
Highway 231 & Chambers Road · Arab, AL (Marshall County)
ONLINE Bidding Only Closes Tuesday, May 27th · 7 PM
· PRIME DEVELOPMENT OPPORTUNITY WITH HIGH VISIBILITY ·
This undeveloped corner lot checks all the boxes for entrepreneurs.
✔ Easy accessibility
✔ Commercial Opportunities on Highway 231
✔ Quick travel to Huntsville & Guntersville
✔ Property Joins a Residential Community
✔ LOCATION! LOCATION! LOCATION!
Property is located on corner of Highway 231 & Chambers Road next to Life Gate Baptist Church in Arab, AL
Watch for Horton Auction signs!
AUCTION NOTES
· This is an ONLINE auction only.
· A 10% Buyer's Premium will be added to the highest bid price to arrive at the final purchase price for real estate.
· A 20% deposit (escrow money) of the total purchase price for the real estate will be retained within 24 hours of auction with balance due on or before 30 days.
· Real Property will be conveyed by deed description.
· 2024 Taxes = $188.25. 2025 Taxes will be pro rated.
· No Broker Participation will be available for this auction.
THIS AUCTION FEATURES AN AUTO BID EXTEND: When a bid is placed in the final 5 minutes of bidding, the auction bidding will be automatically extended 5 minutes from the time the bid was placed (i.e., if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:04). The auto extend feature remains active until no further bids are received within a 5-minute time frame.
NOTE: It is very IMPORTANT that every Bidder read and 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.
This auction will be conducted by Horton Auction & Real Estate Service, Inc.
Daniel Culps, CAI, CES; ALSL5070, TNSL5890, TNFIRM2315
8719-A Highway 53 · Toney, AL 35773
(256) 536-7497 · www.hortonauctions.com
3.20 ACRE± COMMERCIAL / RESIDENTIAL CORNER LOT · Arab, AL
Parcel #12-08-34-0-000-022.000
Real Estate: A 10% Buyer's Premium will be added to the highest bid to arrive at the final purchase price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required within 24 hours of the auction's closing. The remaining balance shall be paid at closing, which must occur within thirty (30) days of auction date. 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.
A Horton Auction representative will contact the winning bidder Wednesday morning to arrange a meeting time/place to sign the contract and secure the non-refundable 20% deposit.
NOTE: The real property will be conveyed by deed description.
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 HORTON 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 Horton Auction & Real Estate Service, Inc.
Disclaimers & Absence of Warranties:
* Home may contain lead-based 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 Horton 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 Horton Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.
Horton Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.
Horton 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, Horton Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Horton Auction & Real Estate Service, Inc. 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 Horton 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 Horton 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 Horton Auction & Real Estate Service, Inc.
Any dispute between Horton 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 Horton 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 Horton 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
Horton Auction & Real Estate Service, Inc.
(256) 536-7497 · www.hortonauctions.com