[BIDDING BY THE ACRE]
SURVEY: A recent survey has been performed by Flowers and White Engineers LLC ALS# 31832, survey has been recorded in Plat Book 17, Page 60 in the Office of the Judge of Probate, Houston County, Alabama. The survey fee is $500.00 per tract on tracts 1, 4, 5, 11, 14, 15, 16, 17, 18, 20, 21, and 22 and $750.00 per tract for tracts 2, 3, 6, 10, 12, 13, and 19 and shall be paid today as part of your purchase agreement.
Saturday, February 8, 2025 at 10:00 am Central — SELLING ONSITE
Silo Ridge – An excellent 110 Acre Property being offered in Tracts 5 Acres and up, just minutes from Downtown Dothan, Alabama in Houston County. Great Potential for Residential, High Yield Cropland, Cattle, Equestrian, or farm use.
Experience this opportunity to own land strategically located in Dothan, Houston County Alabama
Perfectly situated at the intersection of Columbia Highway and Omulsee and Husky Roads, this property offers unmatched potential for personal estates, agriculture, recreational activities, high yield cropland, and more. Most utilities are available.
Property Highlights:
- [Click Here to check out a 360-degree tour of the property!]
- [Click Here for Restrictive Covenants]
- Versatile Land Use: This expansive property features open fields and level topography, ideal for residential or estate-size mini-farms. The versatility of the land supports a wide range of uses from residential, agricultural endeavors to leisure, recreational, or cattle/equestrian purposes.
- Strategic Location: Located just minutes from downtown Dothan, AL, this property combines the tranquility of rural living with the convenience of nearby amenities and services. The strategic location enhances its appeal for development or personal use.
- Offering Flexibility: Available in tract sizes starting from 3 acres and up, buyers have the flexibility to purchase land according to their specific needs, whether looking for a modest homestead, estate property, or a sprawling agricultural enterprise
Investment Potential:
- Accessibility and Visibility: The property’s significant road frontage increases its value and ease of access, making it an attractive investment for both private buyers and developers to maximize residential and agricultural use.
Don’t miss this opportunity to own a piece of Alabama’s beautiful landscape in Houston County. Explore the possibilities today and discover how this premier property can serve as the foundation for your lifetime dream estate property or the development potential that lies among these 110 acres.
Referral Form Surveys / Maps
EXHIBIT “A”
TERMS AND CONDITIONS
110 ACRES
DOTHAN, HOUSTON COUNTY, ALABAMA
SATURDAY, FEBRUARY 8th 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 Gavin Ventures LLC. (Seller), TO OFFER AT AUCTION, approximately 110 acres of real estate located in Dothan, Houston County, Alabama at Omussee and Husky Roads
All property, real and/or personal, is selling “AS IS, WHERE IS” and WITH ALL FAULTS, IF ANY” without representation or warranty of any kind as to their condition. 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 conditions including, but not limited to, any hazardous substances, hazardous waste, petroleum or petroleum by-products concerning the property are given by the Auctioneer or Seller. Neither the Auction Company nor the Seller 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 on Saturday, February 8 at 10:00 am CT. These properties are Selling Subject to Owner Confirmation, and all offers may be held open until Monday, February 10 at 5:00 pm CT.
CONVEYANCE: All property will be conveyed by Limited Warranty Deed with title insurance available at the Purchaser’s expense.
SURVEY: A recent survey has been performed by Flowers and White Engineers LLC ALS# 31832, survey has been recorded in Plat Book 17, Page 60 in the Office of the Judge of Probate, Houston County, Alabama. The survey fee is $500.00 per tract on tracts 1, 4, 5, 11, 14, 15, 16, 17, 18, 20, 21, and 22 and $750.00 per tract for tracts 2, 3, 6, 10, 12, 13, and 19 and shall be paid today as part of your purchase agreement.
RESERVATIONS & RESTRICTIONS: The real estate will be sold subject to any and all restrictions (As set forth in Protective Covenants recorded in MISC. Book 921, Page 347 in Houston County, AL.), public utilities, encroachments, zoning ordinances, easements, Dothan and Houston County regulations, any existing rights of way (if any), and all other matters now of record.
ONLINE PURCHASERS’ PAYMENT: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Dempsey Auction Co. Successful bidders will deposit 10% of the Contract 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”. The purchaser shall be responsible for all wire transfer fees. Successful high bidders 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 provides online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly 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.
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. Sam Johnson at Sentinel Title Company at 4371 Marler Road, Pike Road, Alabama. We encourage you to contact Mr. Johnson’s office at 334-215-7596 as soon as possible to discuss and set up a date and time for the closing.
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 Friday, March 7, 2025.
TAXES: The Real Estate property taxes will be prorated to the date of closing.
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. 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.
Dempsey Auction Company is the “Agent of the Seller”, and our fiduciary duties of loyalty and faithfulness are owed to the Seller.
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”.
