Online Only Absolute Auction of 2,450±SF SFR on 8± Acres

Please note: Whereas it is possible that this listing is posted with a stated price, this asset could sell for more or less than the stated price since this is an Absolute Auction with no minimum bid. Bidding Opens: Monday, April 2 at 2:00 PM CT Bid Deadline: Wednesday, April 11 at 11:00 AM CT Inspection: PLEASE CONTACT AUCTIONEER FOR SPECIAL INSTRUCTIONS. Sale Manager: Julian E (Jeb) Howell The asset is a 2,450±SF single family residence on 8.27± Acres, per the Escambia County Property Appraiser. It consists of concrete slab cinder block structure with stone exterior, built approximately 1958, 3BR/ 2BA with a covered front porch and 2 vehicle carport. Central heating and air. Detached 1,000±SF cinderblock and wood beam unfinished workshop. Asset is occupied and tenant may not allow access. Please contact Auctioneer prior to entering property. This auction features a grouped bid extension - please see details in terms below. Zoned HC/LI Heavy Commercial & Light Industrial Escambia County Tax ID# 03-0481-000 Parcel Ref.# 231S301201001058 2017 Taxes Due $1,548.44 Assessed Value $99,332 Terms: Bank Proof of Funds Required to Bid, 10% Buyer's Premium added to winning bid to determine sale price, 20% Earnest Money Deposit, close by May 10, 2018. Buyer to pay all 2018 taxes plus past due taxes and penalties. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures. All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window. This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid. With that in mind, don't wait out the bid until the last second, because the auction will remain open. Waiting it out can only put you at risk for not getting your bid in before the 5-minute clock runs out. Julian E. Howell #BK3008009; FL Broker AMC# CQ1029847