Oversized On-Water Lot in Lake Tanglewood! House is in need of major repair including roof , interior mold, and items that Lake Tanglewood will not pass at time of sale. Those known items are the boat dock and boat, the septic system, a buried gas tank, etc. We are working closely with the HOA to get clarity on what must be done on these items. ALL OF THESE ITEMS WILL BE AT THE BUYERS COST!! We are also working with the HOA on a variance in case the new owner want to tear down the existing home and build new. *PLEASE LOOK AT REQUIREMENTS PAGE IN DOCUMENTS!!
Opening Bid: $50,000
Square Foot ±: 4963
Lot Size ±: 3.45
Year Built: 1975
Neighborhood: Lake Tanglewood 4154
HOA: Lake Tanglewood Homeowners
Being Sold "AS-IS WHERE-IS" .
A buyer's premium is a percentage of the high bid that will be added to the high bid and become part of the purchase amount at settlement.
Closing is on or before December 29, 2023
There will be a 10% buyer's premium ($2,500 minimum) added to the winning bid to calculate the contract price.
An Earnest Money Deposit of 10% ($2,500 minimum) of the contract price is due immediately after the Auction by personal or company check for onsite bidders and by wire transfer for online bidders. The Real Estate Taxes will be prorated through the date of closing. The property is being sold "AS IS" and is NOT subject to financing, inspection or appraisal. Personal Property is not included in the auction.
Contract Packages will be sent by e-mail to the successful high bidder at the end of the auction. Successful high bidder must execute, and fax, email or hand deliver the package back to Assiter Auctioneers within 24 hours of receipt. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee.