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At 9:42 AM on Auction Day (May 4th) Please enter the live auction by clicking the blue enter auction box in the light blue box. If you can't hear the auction please click view live stream above lot picture.
Tract 6-1.42± acres
RESERVATIONS & RESTRICTIONS: The real estate will be sold subject to “any and all” restrictions, public utilities, encroachments, zoning ordinances, easements, Cherokee County, AL regulations, protective covenants, any existing rights of way, and all other matters now of record or shown on attached plat. No onsite sewage and disposal systems may be installed on these tracts without meeting the requirements set forth by the Cherokee County Health Department.
SURVEY: Subject property being depicted by survey by Larry W. Walker, RLS 21183 dated December 16, 2022, recorded in the Office of the Clerk of Superior Court of Cherokee County, AL in Plat Book 15 -- Page 57. The accuracy of the survey is the sole liability of the surveyor and the Purchaser, and the Purchaser does hereby release the Seller and Dempsey Auction Co from all liability in all matters concerning the survey.
There are no bids for the lot at this time
Saturday, May 4, 2024 at 10:00 am Central — SELLING ON-SITE
Cedar Bluff, Cherokee County, Alabama
7 Building Lots
Selling in Tracts, Combination of Tracts, or as a Whole
Auction to be conducted ONSITE under the DEMPSEY Tent
Property located towards the end of County Road 182, Cherokee County, AL
Lots on Weiss Lake:
Discover the epitome of serene lakeside living with our exclusive offering of 7 prime building lots, perfectly positioned at the end of Cherokee County 182. Each lot, ranging in size from .86 +/- acres to 1.42 acres, presents a unique opportunity to create the home of your dreams with a breathtaking view of Weiss Lake as your backdrop.
These meticulously selected lots boast a dual landscape personality; each features a generous flat area, promising ease in construction and design of your residence, while the rear portion gently slopes towards the lake, ensuring your home is embraced by the tranquil beauty of its surroundings. The lots’ orientation offers an unobstructed panorama of Weiss Lake, celebrated for its stunning sunsets and peaceful waters.
Strategically located, these lots offer more than just a place to build; they provide a lifestyle. Proximity to Ladd Campground, Ball Play Creek, and the Coosa River opens up a world of recreational opportunities right at your doorstep. Whether you are an angler, a boating enthusiast, or simply someone who appreciates the beauty of nature, this location caters to all.
This exclusive enclave is ideal for those envisioning a retirement sanctuary or a peaceful family home. With county water available and the charm of the area, each lot encapsulates the essence of high-quality country living while maintaining the convenience of nearby amenities.
Embark on the journey to build your lakeside dream home, where each day ends with the soothing vistas of Weiss Lake. Don’t let this unparalleled opportunity to live in harmony with nature pass you by.
EXHIBIT “A”
TERMS AND CONDITIONS
Cedar Bluff, Cherokee County, AL
Saturday, May 4th at 10:00 AM CT
These “Terms and Conditions” supersede all other printed and oral statements and will be attached to and become a part of the Real Estate Sales Contract as Exhibit “A”, which will prevail over this document and any other agreement between the Buyer and Seller.
CONDITIONS OF SALE: Dempsey Auction Company (Auctioneer/Broker) has entered into a contract with Treadstone, LLC, through its Agent – Walter Hudson, ETAL (Sellers), TO OFFER AT AUCTION: 7 BUILDING LOTS ON COUNTY ROAD 182, CEDAR BLUFF AL, DESCRIPTION ATTACHED AND MADE A PORTION OF THIS TERMS AND CONDITIONS.
All property, real and personal, is selling “AS IS, WHERE IS” and being conveyed by Seller as provided for below. It is offered for sale and sold “AS IS and WITH ALL FAULTS, IF ANY” without representation or warranty of any kind as to their condition; and any repairs, alterations, damage, cleanup, removal of debris, waste, personal property, etc., are the sole responsibility of the buyer. No warranties, either statutory or otherwise, expressed or implied, including those as to the fitness for a particular use or purpose, habitability, merchantability, or environmental condition including, but not limited to, any hazardous substances, hazardous waste, petroleum or petroleum by-products (collectively Hazardous Materials), concerning the property are given by the Auctioneer or Seller. Neither the Seller nor the Auction Company makes any representation concerning the property whatsoever. All bidders acknowledge and agree by their participation in the Auction that he/she has inspected the Property and is not relying on any warranty or representation of the Seller, Auctioneer, or any agent thereof.
We require all bidders to register and obtain a bid number in order to participate in the bidding process. All decisions of the Auctioneer will be final, including the increments of bidding, disputes among bidders, or any other issues that might arise before, during, or after the auction.
The Seller has the right, at their sole discretion, to add or withdraw all or any portion of the property before the auction’s opening announcement on Saturday, May 4th at 10:00 am. This Property is Selling Subject to Owner Confirmation, reserving the right to keep ALL offers open until Monday, May 6th at 5:00 PM.
CONVEYANCE: All property will be conveyed by a Limited Warranty Deed with title insurance available at the Purchaser’s expense.
RESERVATIONS & RESTRICTIONS: The real estate will be sold subject to “any and all” restrictions, public utilities, encroachments, zoning ordinances, easements, Cherokee County, AL regulations, protective covenants, any existing rights of way, and all other matters now of record or shown on attached plat. No onsite sewage and disposal systems may be installed on these tracts without meeting the requirements set forth by the Cherokee County Health Department.
ONLINE PURCHASERS’ PAYMENT: At the close of the auction, successful Purchaser(s) will be emailed the contract package to execute and return to Dempsey Auction Co. Successful Purchaser(s) will deposit 10% of the Contract Sales Price as earnest money in the form of cashier’s check or bank wire transfer with Dempsey Auction Co within 24 hours of receipt of the contract package. The entirety of the remaining balance is due at closing as stipulated in the “Terms and Conditions”. Purchaser(s) shall be responsible for all wire transfer fees. Successful Purchaser(s) 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 (as defined below). All Administrative Fees are non-refundable.
TECHNICAL SOFTWARE ISSUES: NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Dempsey Auction Company is providing online bidding as a service to Bidder. The Bidder acknowledges and understands that this service may or may not function correctly on the day of the auction. Under no circumstances shall Bidder have any kind of claim against Dempsey Auction Company or anyone else if the internet service fails to work correctly. Dempsey Auction Company will not be responsible for any missed bids from any source.
DEFAULT: In the event, a winning bidder fails to submit the signed “Sales Contract” and deposit earnest money as provided in the pre-stipulated Terms and Conditions, the winning bidder will be charged an administrative fee of $2,500 on the credit card provided at auction registration. Additional default remedies are reserved by Dempsey Auction Co and the Sellers as provided in the Terms and Conditions and the Sales Contract.
PAYMENT: A 10% Buyer’s Premium on Real Estate will be added to the Bid Price on all real estate today to arrive at the final purchase price. The purchaser will be required to sign the Real Estate Sales Contract and pay a non-refundable earnest money deposit equal to 10% of the final purchase price immediately following the Auction. This payment may be made with either a personal or company check. This deposit will be held in a non-interest-bearing escrow account under the control of Dempsey Auction Co. No disbursements will be made from this escrow account until closing or otherwise in accordance with this agreement. In the event the purchaser fails to close and pay his/her balance when due, the deposit may be retained by the Seller and Auctioneer as liquidated damages in addition to any other remedies available to the Seller and Auctioneer.
SURVEY: Subject property being depicted by survey by Larry W. Walker, RLS 21183 dated December 16, 2022, recorded in the Office of the Clerk of Superior Court of Cherokee County, AL in Plat Book 15 -- Page 57. The accuracy of the survey is the sole liability of the surveyor and the Purchaser, and the Purchaser does hereby release the Seller and Dempsey Auction Co from all liability in all matters concerning the survey.
CLOSING: Closing shall take place within 30 days of auction, in accordance with the Real Estate Sales Contract, or on a date mutually agreed upon by the Seller and Purchaser(s) in writing. The closing attorney is Mr. Shane Givens, Shane Givens Law, 1615 W. Main St., Centre, AL. 35960. We encourage you to contact Erica Smith as soon as possible to discuss and schedule the closing – 256.927.7490 or esmith@shanegivenslaw.com.
CLOSING COSTS: The Seller will provide a Limited Warranty Deed, unless otherwise disclosed, at closing. If for some reason the Seller is unable to convey good and marketable title to the property, unless otherwise noted, the Purchaser(s) Earnest money deposit will be returned.
All other costs including, but not limited to, Attorney’s Closing Fees, Recording and Handling Fees, Deed Transfer Taxes, Title Search, Title Insurance, Loan Origination Fees, etc., will be at the Purchaser’s expense.
POSSESSION: Purchaser(s) will be granted possession of real estate at closing, on or before June 3, 2024.
TAXES: The Real Estate property taxes will be prorated to the date of closing. If any additional taxes are assessed resulting from the change of use by the purchaser, they will be the responsibility of the purchaser.
AGENCY: The Auctioneer is acting as agent for the seller only in this transaction and is to be paid a fee pursuant to a separate written agreement between the seller and the Auctioneer. The Auctioneer is not acting as an agent for the purchaser in this transaction. Any third-party broker is not a sub-agent of the Auctioneer.
BUYER’S NOTE: Dempsey Auction Company and the Seller reserve the right to amend any terms or conditions of the auction by announcing such amendments prior to or during the auction. All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller or the Auctioneer. The Auctioneer makes no warranty or guarantee as to the correctness and completeness of any information. Personal on-site inspection of the property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer, or earnest money after its opening tender. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information.
METHOD of SALE: DAC reserves the right to offer the property any way we see fit to obtain the seller the most money.
In accordance with Alabama Agency Disclosure Law, Dempsey Auction Company is the “Listing Agent and Selling Agent for the Seller”, and our fiduciary duties of loyalty and faithfulness are owed to the Sellers, Treadstone, LLC, Mr. Walter Hudson; ETAL.
NOTE: This auction is being recorded by audio in its entirety for legal purposes.
I have received, read, understand and agree to the information in these “Terms and Conditions” which will become a part of the sales contract and will hereafter be Exhibit “A”.
Cedar Bluff, Alabama 35959
United States
PROJECT MANAGERS:
- Tom Lindsey – 770.546.2510 – tlindsey@dempseyauction.com
- John Norris – 706.346.3228 – jnorris@dempseyauction.com
INSPECTION: Dempsey Representative will be onsite on Friday, May 3rd, 1:00-4:00 PM. The property is also available for Private Inspection. Please Contact our Office for your Personal Tour.
TERMS AND CONDITIONS: 10% Buyer’s Premium to be charged on ALL Purchases. 10% down on sale day, balance due at closing.
CLOSING: All real estate sales close 30 days from sale date.
SALE SITE: All property will be SOLD onsite.
ONLINE BIDDING: Simulcast Online Participation/Bidding is available now for Real Estate through our Online MarkNet Platform.
BROKER PARTICIPATION: Dempsey Auction Co will pay any licensed Broker/Agent a referral commission for any registered client who successfully closes on the property. CONTACT OUR OFFICE FOR PRECISE DETAILS.
For plats, brochures, inventory catalogs or further sales information on this auction, call us by name at 800.DEMPSEY (800.336.7739)