***PREVIEW DAY*** April 4, 2020 10:00am-1:00pm ->Due to the Coronavirus, we ask that anyone who comes to preview the property to please bring your own ATV. ONLINE ONLY AUCTION 1017.4 +/- Acres of prime Big Black River Bottomland with just enough hill high area to keep you high and dry in any river flood situation. This tract is known as Drakes Bayou in Claiborne County located at 3099 Shiloh Road, Port Gibson, MS, just west of Highway 61. This property is secluded with a gated entry, featuring tons of improvements, an excellent interior road system, stocked 65 acre oxbow lake, which is restocked annually by the river, duck sloughs, power and county water to camp, a newer double wide mobile home with 4 beds and 2 baths. This property has Black River frontage, paved road access, and an endless amount of wildlife with excellent fisheries. The property is 60%-65% hardwood bottomland that will flood, leaving 35-40% high ground with the camp that will not flood. The property also has nearly a mile of power line for long range deer hunting if desired. Wildlife opportunities are endless on this property. There is an abundance of deer, turkey, ducks, and fishing. This coupled along with an income investment on the tiber makes for an opportunity to own a unique recreational paradise. Taxes are approximately $5000.00 per year. Property Location: Sections 43, 44, 45, 46 & 60, T13N-R3E and Sections 25, T13N-R2E Claiborne County, MS Any minerals owned will convey Bid on TOTAL price for the 1017.4 Acre Tract EXAMPLE BID: $2,000,000 Bid + 10% Buyer Premium ($200,000) = $2,200,000 Total Gross Sale Price For 1017.4 Acre ***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#818 MS#1255 TAXES: Taxes will be pro-rated.
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