Residential Property - 5311 Jameswood Lane, Birmingham (N.Shelby County), Alabama
YOU ARE BIDDING ON A RESIDENTIAL PROPERTY LOCATED IN THE JAMESWOOD SUBDIVISION IN NORTH SHELBY COUNTY, ALABAMA.
The Estate of the Late Raymond Paprota. By order of the Heirs. Online bidding ends Wednesday, December 7th @ 1:00pm central (soft ending).
Open House - TUESDAY, NOV 22, 12NOON - 1PM * WEDNESDAY, NOV 30, 12NOON - 1PM & TUESDAY, DEC 6, 10AM - 3PM. Brokers can access the home by lockbox. Please email us or call our offices for access codes.
Address: 5311 Jameswood Lane, Birmingham (North Shelby County), Alabama 35244.
Description: A one level house containing 4 bedrooms, 2.5 bathrooms and 2357 square feet M/L. The subject property is located just off Highway 17 and is the first residential lot on the left when you enter the subdivision (Jameswood). LOCATION.LOCATION.LOCATION! It is in a highly desirable area of North Shelby County Alabama. The home is handicap accessible.
Parcel ID#10-4-20-0-002-018.000
2021 Property Taxes - $1202.44
2022 appraisal (If presented in excellent, sellable condition) - $370,000. This appraised value was presented as if the property was repaired. The house needs repairs and we do not have any estimates on repair costs.
Condition: The subject property appears to have some issues that will need to be addressed by a new purchaser/owner. Specifically, we have noted that this home appears to have some water damage around some windows/doors/eaves and the interior sheetrock walls and trim show insect damage as well. We encourage all prospective bidder/buyers to inspect the property in person so you are fully informed as to the condition of the property prior to bidding. This property will sell in "as is" condition and "without contingencies".
Home Inspection Report: Pearce & Associates, with approval of the Heirs and Courts, has had a recent home inspection report prepared on this property. We will share that report with you or your realtor upon your request. Pearce & Associates, nor the sellers, legal representative or courts make any reprentations as to the information contained in this report. We encourage all potential buyer/investors to conduct your own inspection by a professional prio to bidding. If you would like to receive a copy of this report, please email Chip@AuctionByPearce.com. We will also have a hard copy available at the open houses.
Information provided by the Family Heirs:
Development is right off Valleydale Road, across the street from the affluent South Lake Community. The entrance opens into a manicured development entrance that leads into a secluded private entrance that expands to a beautiful tree lined three cul-de-sac community with 50 custom built single family homes on large .5 to 6 acres lots. Wide roadways provide amble walking, jogging and dog walking year round. Easy access; located directly off Valleydale Road just one mile from exit 237 on I-65 and a short drive with direct access to HWY 280. Close to Oak Mountain State Park as well as Spain Park High school and other parks, that include hiking, biking, boating numerous sports fields and near every type of shopping imaginable. Entire attic designed and intended for expansion nearly doubling square footage with minimal effort, ideal for growing families and in-laws. Four year new premium asphalt roof. Large wood burning focal point marble fireplace with gas starter. The ultimate ADA Accessible home without any indication of the unique wheelchair accessible floor plan. 36” doors throughout allow easy access to this flat level floor plan and prepared site. Nearly floor to ceiling windows with screens. Premium ceiling fans located in living room, eat in kitchen and master suite provides comfort year round
Fenced backyard has a hard line gas barbecue with large outdoor picnic area. Backyard has upper area intended for a built in pool. 220 service in the three car garage (for welder etc ) and in the backyard for the hot tub left left in place. 3 Garage size offers possibility of sealing of first bay attached at the kitchen to provide a self sufficient In-law suite while maintaining a2 car garage if desired. Doggie door from kitchen into garage and garage into backyard.
Terms
REAL ESTATE AUCTION - The Estate of the Late Raymond Paprota
Selling "Subject to the approval of the Shelby County Probate Courts"
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
Winning bidder must sign a non contingent contract and pay earnest money within 24 hours of auctions end.
The property will be sold by legal description and transferred by warranty deed.
A 10% buyers premium will be added to the winning bid to determine the final sales
price.
Example: $100,000 bid, plus $10,000 (10% buyers premium) equals $110,000 gross sales price.
The terms are 10% down payment with the balance due within 30 days.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.
Ad Valorem taxes will be prorated at closing.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As
Is†without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening
or tender.
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
AGENCY DISCLOSURE: Larry “Chip†Pearce Jr. has not been an agent for the Buyer in this
transaction. Larry “Chip†Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Auctioneer reserves the right to reject bids from anyone who does not comply
with the terms and conditions of this auction.
Bidding: Bidding info- When you bid your max the current bid price doesn't automatically go to your max bid. Someone else has to bid to increase the current price and the
computer will automatically bid up to your max in the increments specified.
This auction has what is called an auto extend feature, meaning the auction will not close until all bidding parties are satisfied. If any bids are placed within the last 5 minutes of the auction, the bid on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.
United States