12 Lots in
The Cove at Old Red Bluff
Auction Details
Online Bidding is Open - Closes March 30th
6+/- Acres and Deepwater
Dock on White Oak Creek
40+/- Acres
Undeveloped
| Auction # | The Cove Lot # | Legal Description | Acreage | Map/Parcel |
| 1 | Lot 7 Old Red Bluff Trail | V/L 7 THE COVE AT OLD RED BLUFF P2 | 5.03 | 075 022 |
| 2 | Lot 11 Old Red Bluff Trail | V/L 11 THE COVE AT OLD RED BLUFF P2 | 5 | 075 026 |
| 3 | Lot 12 Old Red Bluff Trail | V/L 12 THE COVE AT OLD RED BLUFF P2 | 5.04 | 075 027 |
| 4 | Lot 13 Old Red Bluff Trail | V/L 13 THE COVE AT OLD RED BLUFF P2 | 5.02 | 075 028 |
| 5 | Lot 14 Old Red Bluff Trail | V/L 14 THE COVE AT OLD RED BLUFF P2 | 7.19 | 075 029 |
| 6 | Lot 15 Old Red Bluff Trail | V/L 15 THE COVE AT OLD RED BLUFF P2 | 5.18 | 075 030 |
| 7 | Lot 16 Old Red Bluff Trail | V/L 16 THE COVE AT OLD RED BLUFF P2 | 5.44 | 075 031 |
| 8 | Lot 17 Old Red Bluff Trail | V/L 17 THE COVE AT OLD RED BLUFF P2 | 5.04 | 075 032 |
| 9 | Lot 18 Old Red Bluff Trail | V/L 18 THE COVE AT OLD RED BLUFF P2 | 5.06 | 075 033 |
| 10 | Lot 19 Old Red Bluff Trail | V/L 19 THE COVE AT OLD RED BLUFF P2 | 5.03 | 075 034 |
| 11 | Lot 20 Old Red Bluff Trail | V/L 20 THE COVE AT OLD RED BLUFF P2 | 5.04 | 075 035 |
| 12 | Lot 23 Old Red Bluff Trail | V/L 23 THE COVE AT OLD RED BLUFF P2 | 5.01 | 075 038 |
| There is not a home owner’s association, nor are there any monthly or yearly fees. | ||||
| Auction # | Not part of The Cove | Legal Description | Acreage | Map/Parcel |
| * 13 | Undeveloped Acreage Tract | V/L DRURY ESTATE | 39.81 | 074 056 |
| * 14 | 186 White Oak Creek Drive , with Dock | DOCK/L DRURY TRACT-WHITE OAK CREEK | 5.67 | 075 012B |
| * The seller is offering owner financing on these two properties with 30% down, 12 year amortization, 7.5% interest with a 30 month balloon. | ||||
PROPERTY LOCATION:
Old Red Bluff Road off of Hwy 17, just South of Waverly, and 5 miles North of Woodbine.
Located 40 miles North of Downtown Jacksonville, 20 Miles South of Brunswick.
Sale Manager:
For Auction Information – Mark Maier (912) 661-1990
TERMS AND CONDITIONS:
REGISTRATION: All bidders must register online stating that you agree with the terms and conditions and will perform your duties as a bidder as such.
OFFERING METHOD: The property will be offered in total dollars as a lump sum bid.
DOWN PAYMENT: 10% earnest money down payment immediately following auction. The down payment may be made in the form of cashier’s check, or bank wire transfer.
FINANCING CONTINGENCY FORBEARANCE: YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. THE PURCHASE AND SALES CONTRACT WILL NOT HAVE A FINANCING CONTINGENCY CLAUSE IN IT so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid to determine the final contract price.
PURCHASE SALE CONTRACT: All successful bidders will be required to sign a Purchase Sale Contract immediately by email following the close of the auction.
DEED: Seller shall provide Limited Warranty Deed. Real estate sold subject to all rights of way, legal highways, leases and easements.
CLOSING: The balance of the purchase price is due at closing, which will take place no later than Friday, April 29th, 2016. Attorney’s fee will be paid by the purchaser(s). All lender costs shall be paid by the purchaser(s).
POSSESSION: Possession of real estate will be granted at closing.
REAL ESTATE TAXES: The 2016 taxes will be prorated on the day of closing. All previously owed taxes have or will be paid by the seller.
ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: If a new survey is needed for any tracts the cost shall be paid by the purchaser(s).
PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Please feel free to inspect the land at any other time at your own risk.
EASEMENTS: Subject to any and all existing easements.
AGENCY: Maier Auctions, LLC and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
