Public Estate Auction - Robinson Estate
Bidding ends Friday, September 1st @ 12:00pm
By order of the Shelby County Probate Courts
Residential Property - Brick House & Lot located at 129 Revolutionary Way, Montevallo, Alabama 35115. Located in the Colonial Oaks Subdivision.
This public auction is being conducted on behalf of the heirs of the late owner. The property will sell subject to the approval of the Shelby County Alabama Probate Courts. Court approval is expected within 14 days of the auctions ending. Property Sells in As is Condition. Property will sell free and clear with no liens or encumbrances.
Data taken from a recent home appraisal:
Parcel ID#23-7-35-1-002-001.000
House located in the Colonial Oaks Subdivision in Montevallo, Alabama - Shelby County
Utilities include: Power/Gas/Water/Sewer
5 Bedrooms * 3 Bathrooms * 2 car garage * All Brick * Slab * Porch * Patio * Fireplace * 11,326 Sq Ft Lot *
2647 Sq Ft gross living area *
A home inspection has been recently conducted on this property. It will be posted on this site for your review and downloading. We have also had a recent professional appraisal conducted on the house by order of the probate courts. The appraisal was used by the appraiser utilizing the home inspection report with the values reflected in As Is condition.
This auction is being conducted subject to the approval of the courts. A 2% brokers participation fee is available to qualified brokers. To qualify, an agent/broker must complete and submit a signed brokers participation form on behalf of your client. Once a bidder has registered, they cannot qualify for brokers participation. You must submit your clients information prior to registering for the auction. Brokers participation forms are available to download on this site or you can email [email protected] or call 205-664-4300 for a form. Please complete and return before registering.
A lockbox will be installed on the house for use by qualified agents/brokers.
Larry "Chip" Pearce, CES,GPPA,ATS,AARE
Auctioneer/Broker/Appraiser
AL#1088
205-664-4300.
REAL ESTATE AUCTION - By order of the Shelby County Probate Courts.
Robinson Estate
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
An Auction is considered to be at "CASH PURCHASE" and is not subject to financing. It is without contingencies.
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.
The property will be sold by legal description and transferred by warranty deed.
Selling Subject to Court Approval.
A 10% buyers premium will be added to the winning bid to determine the final sales
price.
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price.
The terms are 10% down payment with the balance due within 30 days.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.
Ad Valorem taxes will be prorated at closing.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As
Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
or tender.
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.
Bidding: Bidding info- When you bid your max the current bid price doesn't automatically go to your max bid. Someone else has to bid to increase the current price and the
computer will automatically bid up to your max in the increments specified.
This auction has what is called an auto extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.