Craighead County, AR
40.00 Acres M/L

967 CR 960 |
Brookland, AR 72417 |
Listing #17607

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Property Info

Description

Craighead County, AR Land Auction - The Peoples Company of the Delta is pleased to bring to auction a homestead that hasn’t been on the market in generations. Well, located just off Hwy 49N just north of Brookland, AR At 967 CR 960 (Gilliams Folly Rd) east of the Goobertown curve on Hwy 49N. The property has been used for farming and raising a family but with the growth in the area the property is ideal for development. We will be offering a 2-story brink home, approx. 2120 sf with basement with a 768-sf m/l shop building and a 720-sf m/l 3-sided enclosed additional space attached to the shop. The property will be offered in 2 tracts with the house and 10 acres and then 30 acres that are unimproved to the north ideal for residential development. All utilities needed are available for rural development. It is “Subject to Court Approval” but it will be a great opportunity to purchase the property at your price.

Legal Description

SW SE Section 04, Township 15 North, Range 5 East Craighead County, AR containing 40 acres total. Exact legal description to be taken from Title Commitment.

Directions

Off Hwy 49N at Goobertown, AR turn east onto CR 960 and continue for approx. 1.5 miles. The property will be on your right. Be sure and stay right at the intersection of CR 940 and CR 960 property will be on your left.

Sign On Property: Yes
MLS Number: 10114090
Parcel Number: 12-155044-00200;12-155044-00100
School District: Brookland
General Area: Brookland
Gross Taxes: $1,158.00
Auction Date: June 14, 2024
Possession: At Closing
Terms: 10% of high bid down day of sale with balance in 30 days.

Improvements

There are shops located on each tract with concrete floors.

Auction Details

Craighead County, Arkansas Land Auction

Seller: Estate of Stella Johnston

Attorney Robert S. Jones Waddell Cole & Jones PLLC

Auction Location and Date:
967 CR 960
Brookland, AR 72417
June 14, 2024 at 10:00 AM

Tract 1: 10 Acres M/L, Home & Shop
Tract 2: 30 Acres M/l with Shop

Auction: The two tracts will be offered via Public Auction and will take place at 10:00 AM onsite. After establishing a high bid for both tracts, the two tracts will be offered by the whole dollar as an entirety. SEE MINIMUM RAISE FOR THE 2 TRACTS BELOW.

The entirety opening bid will be the high bid for both tracts plus 5% of the high bid. The successful bidder will be the high bidder or bidders depending on which method is the highest amount bid. The auction is "Subject to Court Approval".

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Deposit: A 10%, of the high bid price, deposit payment is required on the day of the auction. The deposit payment may be paid in the form of cash or a check. All funds will be held in Pro Land Title, 1719 Executive Square, Jonesboro AR 72401 (870-333-5200). The balance will be due on or before July 15th, 2024.

Closing: Closing will occur on or before Monday, July 15th, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the properties will be given at closing.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a title insurance. The sale is not contingent upon Buyer financing.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Surveys: No additional surveying or staking will be provided by the Seller.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. The buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the abstract.

Joel King
Broker/Auctioneer
Joel@PeoplesCompany.com
Office: 870-275-6249
Mobile: 870-847-0945

Location

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