Undivided Interest Land Auction in Catahoula Parish For Sale at Online Only Auction
Ended: 03/18/20 at 2:00 PM EST
UNDIVIDED INTEREST LAND AUCTION!! ONLINE ONLY AUCTION
Great old timbered tracts adjacent to J.C. Sonny Gilbert WMA near Leland and Sicily Island, LA in Catahoula Parish. The wooded tracts have excellent hunting, big deer, and turkey. One tract has a beautiful lake on it. Below is the the tract schedule and legal description.
Most tracts have good access.
Tracts with 34 1/2% Undivided Interest
#2-119.95 Acres—TION R7E Sec 3–Good Timber
#3-41.27 Acres—TION R7E Sec 10–Good Timber
Tracts with 29% Undivided Interest
#4-19.93 Acres—TION R7E Sec 27–Good Timber
#6-40.40 Acres—TION R7E Sec 27–Good Timber (Only NE/4 of NE/4 of Sec 27)
***Some Tracts have 29 1/2% interest and some tracts have 34 1/2% interest. This is an example of a tract with 29 1/2% interest.
EXAMPLE BID– 100 Ac x 29 1/2% interest = 29.5 Ac x 2000.00/Ac = $59,000 Bid
REAL ESTATE TERMS & CONDITIONS
REGISTRATION: In order to register for the auction you must submit a bank letter of guarantee, or a pre-approval letter from a finance company after you have registered online.
BUYERS PREMIUM: 10% will be added to the final bid price, to be included in the total purchase price. For example, if the property sells for $100,000.00, then the total sales price would be $110,000.00.
DEPOSIT: 10% down day of auction. Balance due at closing on or before 30 days. Guaranteed good title. For example if the property sells for a total sales price of $110,000.00 including buyer’s premium, then a deposit of $11,000.00 would be put down the day of the auction.
FINANCING: Purchasers to obtain their own financing. Purchase Agreements are not subject to financing or qualification. All bidders are encouraged to pre-qualify.
DISCLAIMER: All property to be sold “as is, where is”, with any and all faults and no implied warranties by Seller or Auctioneer. Please feel free to have an inspector or contractor look at the property with you. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property and records, including, but not limited to, all documents recorded in the county or parish where the property is located. All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Properties not sold absolute will be offered subject to seller’s confirmation within 2 business days. LA Lic#818
TAXES: Taxes will be pro-rated.