3600 Rocky Branch Rd, Cantonment, FL 32533

Online Only Absolute Auction of 11± Acre Agricultural Lot

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: Contact Auctioneer for instructions. Sale Manager: Julian E (Jeb) Howell 11.75± acre Agricultural lot, per the Escambia County Property Appraiser. Approximately 8± acres are Upland and considered buildable and approximately 4± acres are deemed Wetlands. A creek runs through the southern half of the property. The US Fish and Wildlife Service National Wetlands Inventory Wetlands Mapper identified this area as a freshwater forested wetland that is semi‐permanently flooded. Flood insurance is required. The site is gently sloping. Other than the previously discussed wetlands, the topography does not result in any particular development limitations. The subject property has a barn located within the north‐central portion. The barn is considered an accessory use structure, typical of rural/agricultural properties. The barn appears to be in fair condition. Public Water and Electricity Utilities are available, but sewer is Private Septic. The existence of septic on site in not evident or confirmed. During our site inspection, and based on GIS parcel outlines, it appears that there is a driveway which provides connectivity for the parcel to the northwest that encroaches upon the very northernmost portion of the subject. Although the parcel which is served by the driveway is "landlocked", according to the Escambia County Property Appraiser, it is under common owner with the parcel to the north which does have legal access to Rocky Branch Road. Based upon a review of the deed, there do not appear to be any easements, encroachments, or restrictions that would adversely affect value. This auction features a grouped bid extension - please see details in terms below. Zoned Agr - Agricultural Sec. 3-2.2 Escambia County Tax ID# 12-0426-160 Parcel Ref.# 242N311401000007 2017 Taxes Due $1,054.86 Assessed Value $72,556 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