Tallapoosa Riverfront Opportunity
9 Tracts ~ 6 with Water Frontage
Approximately 178+/- acres of property with over 2400+/- feet of frontage on the Tallapoosa River navigable to Lake Wedowee. This property is being offered in 9 tracts 6 of which have frontage on the Tallapoosa River (Lake Wedowee). This property is less than 29 miles by water from the RL Harris dam (Lake Wedowee), 19 Miles from Highway 48 bridge, 8 miles from County Road 82 bridge, 5 miles from County Road 88 bridge and public boat launch. By road the property is minutes from the town of Wedowee, Lineville, Heflin, and only a few mins from I-20. This property is located on County Road 201, Randolph County, Wedowee, Alabama.Power is located on the property currently. The property is less than 90 minutes from downtown Birmingham and Atlanta. This property is unrestricted with no zoning. The possibilities are endless. Purchase a smaller tract or the property as an entirety. Use as you're off the grid or outdoorsman’s paradise. For Directions the last residential address is 2766 Co Rd 201, Delta, Alabama 36258 from this location continue 1.5 miles watch for signs.
Tract 1 - 11.5+/- acres - 450+/-ft Water Frontage
Tract 2 - 5.6+/- acres - 550+/-ft Water Frontage
Tract 3 - 5.3+/- acres - 300+/-ft Water Frontage
Tract 4 - 6.4+/- acres - 430+/-ft Water Frontage
Tract 5 - 14+/- acres - 380+/-ft Water Frontage
Tract 6 - 44+/- acres - 300+/-ft Water Frontage
Tract 7 - 29+/- acres
Tract 8 - 20+/- acres
Tract 9 - 39+/- acres
Tracts 1 - 6 These properties are navigable to Lake Wedowee and the R.L. Harris Dam of Lake Wedowee. Any shoreline work will require a permit from Alabama Power shoreline management department. The Alabama power shoreline guidelines can be found in the document tab for this auction. For further questions please contact the Alabama Power Shoreline management office on Lake Wedowee. 256-396-5093
Call for you showing appointment today
Ron Young, 334-885-1787
The last residential address is 2766 Co Rd 201, Delta, Alabama 36258 from this location continue 1.5 miles watch for signs.
Online Auction Starts Ending
Thursday, May 9, 2024 at 6:00 PM CST
Please Read Terms and Conditions
Buyer's Premium Fee of 10% is added to High Bid
SOLD "As Is” "Where Is"
Must Provide Proof of Funds or Pre-Approval Letter Before Bidding
Please call to schedule your showing
Auctioneer, Ron Young 334-885-1787 AL#5390 GA#4397
Agents - We offer a referral program for you. Give us a call for more information.
For your finance needs contact
First South Farm Credit
Chris Strain
Loan Officer
256-831-6778 or 256-610-5158
Lex Brown
256-831-6778
First South Farm Credit
Oxford Branch
2341 AL Highway 21 South | P.O. Box 3288 | Oxford, AL 36203
Office: (256) 831-6778 | cell: (256) 610-5158 | fax: (256) 831-6882 | NMLS #2173823
Link to First South Farm Credit
Terms and Conditions of the Auction Sale
Auction: Tallapoosa Riverfront Opportunity 9 Tracts ~ 6 with Water Frontage
Please carefully read these Terms and Conditions. This document describes the Bidder/Purchaser’s responsibility and many disclosures the Bidder/Purchaser should be aware of. Failure to read and understand these Terms and Conditions is a failure of the Bidder/Purchaser and not a cause to void a bid placed or a contract signed by the Bidder/Purchaser. ALL SALES ARE FINAL.
Southern Auction Solutions, Ron Young Auctioneer, Al #5390, Southern Auction Solutions staff will hereby be known as “Auction Company” throughout this document.
Viewing the property
Bidders may schedule viewings of the property. In most cases the auction company will require the bidder meet registration requirements and be approve to bid prior to scheduling a person viewing. Some properties are open for public viewing at anytime. Please contact the auction company for viewing instructions.
***Disclosure***
- Alabama Power Company shoreline management controls a scenic easement of up to 50 linear feet or the 800 foot elevation line along the river front. Alabama Power owns the property up to the 795 foot elevation line along the river front.
- This property is navigable to Lake Wedowee and the R.L. Harris Dam of Lake Wedowee. Any shoreline work will require a permit from Alabama Power shoreline management department. The Alabama power shoreline guidelines can be found at https://apcshorelines.com/wpcontent/uploads/Lake-Harris-Guidelines.pdf
For further questions please contact the Alabama Power Shoreline management office on Lake Wedowee
@ 256-396- 5093
- Utility Access Easements will be required. Each tract purchaser agrees to sign a utility easement allowing power to be located throughout the other tracts in this auction. Power is currently located on Tract 4 coming from across the river. It is anticipated in the future utilities such as power and water may be installed to service the property being sold. All bidders and ultimate purchasers of the property being sold hereby acknowledge that future utility easements for the installation of utility services may be required. All bidders and ultimate purchasers hereby acknowledge that future utility easements may be placed on the property they are bidding on in this auction and the property they are purchasing if they are the winning bidder. All winning bidders shall be required to sign an acknowledgement related to future utility easements at the closing of the purchase of the property in which the winning bidder shall state they understand that future utility services and utility easements may be placed on the property they are purchasing. The winning bidder shall NOT be able to prevent the placement of future utility services on their property which may service adjoining and other properties. The terms and conditions set forth in this paragraph shall survive the closing of the purchase of the property being sold whether another acknowledgment is signed at closing or not.
- Access Easements All access will be along what is shown as County Road 201 on the Randolph County GIS site. All tract purchasers will be required to sign an easement allowing ingress and egress along County Road 201 for all tracts in the auction. The easement access will be 60 feet 30 feet from the center line of each side of the existing County Road 201. Any road maintenance will be the responsibility of the purchasers, the seller nor the auction company will not accept any responsibility for any roads.
- Survey All tracts will be surveyed at a cost to the Purchaser. The cost of each tract is posted below. Multiple tract purchases may be allowed a discount. Please contact Turner Surveying for pricing beyond what is posted below.
- The flags and markings on the ground are for the bidder convenience and are not exact. Tract sizes are not exact until the survey is complete. No reduction in price will be due for tracts surveying to be less acreage than advertised. Our sizes are estimates only.
- Campers - Tract 3 and 4 There are two campers located on these Tracts. The campers will remain on the property and will not be removed. The purchaser is bidding and purchasing the property with the campers as is. The Seller nor the auction company have the titles for the campers. The seller will provide a bill of sale to the purchaser for the campers.
- Tract 3 and 4 There is a buried/underground power wire running along the north side of the small road of Tract 3 and 4 to the camp site which is on the line of Tracts 3 and 4. This wire runs to a breaker panel. The breaker panel is inoperable and the wire is disconnected from the service pole.
“As Is” “Where Is”
- Due Diligence – It is the Bidder/Purchaser’s responsibility to examine the property they are bidding on independently. We have disclosed any known defects. We believe the information provided is factual but not guaranteed. We strongly urge you to perform your own study of the property before placing a bid.
- The information provided in the property information package in regards to the size of the property, or any other factors are estimates only used for the convenience of the Bidder/Purchaser unless confirmed by recent survey. Auction Company is not responsible for exact size amounts or number of feet shown.
- All information is believed to be either estimates or to be accurate. Neither the descriptions, nor any oral statements made by the Auction Company, shall be construed as a warranty, either expressed or implied. I, the Bidder/Purchaser, have inspected the property I am bidding on and accept it and any and all faults.
1. Purchase Contract: The property is offered under the specific terms provided in the Real Estate Sales Contract. A sample Real Estate Sales Contract is available under the document tab.
a. Bidder/Purchaser will be manually approved for registration to bid online.
b. Deposit is 10% of the high bid. The deposit is due to the Auction Company by 5:00 pm CST the day after the online auction is concluded via wire transfer or cashier’s check. Bidder/Purchaser must provide Proof of Funds to be approved to bid. This can be a letter from your bank, a pre-approval letter or intent to loan from a lender, a screenshot of your bank account, anything to show you have the ability to cover the amount of your bid.
Notice to Non-U.S. Citizens: All deposits must be arranged through wire transfers to Southern Auction Solutions. Non-U.S. Citizens’ Certified checks will not be accepted.
c. The winning Bidder/Purchaser will be required to sign a binding, non-contingent Real Estate Sales Contract immediately following the auction close.
d. Bidding Increments are a minimum of $1,000.00 for each Tract. However, this may change as the Auctioneer sees fit. Bidder/Purchaser may enter a higher amount, but no bids below said amounts can be accepted for the property.
THE BID AMOUNT THAT IS SHOWN AS THE HIGH BID IS WITHOUT A BUYER’S PREMIUM. ALL BIDS WILL HAVE A 10% BUYER’S PREMIUM ADDED TO DETERMINE THE FINAL SALES PRICE PLUS THE COST OF CLOSING.
2. Terms of Sale: At the conclusion of the auction, the winning Bidder/Purchaser will be emailed a Real Estate Sales Contract to be executed and returned to Ron@SouthernAuctionSolutions.com. Successful Bidder/Purchaser will deposit Ten Percent (10%) of the High Bid Price by wire transfer or certified check to the Auction Company, Southern Auction Solutions trust account with the signed Real Estate Sales Contract by 5:00 pm CST the day after auction conclusion. If not the Contract documents are not received by this date and time the purchaser shall be in default. The entirety of the remaining balance is due at closing on or before 30 DAYS.
Bidder/Purchaser shall pay for the survey. Each tract has a price quoted by Turner Surveying. Multiple tracts would receive a discount based on the shared property lines. Survey Cost
Tract 1 - $700
Tract 2- $450
Tract 3 - $450
Tract 4 - $550
Tract 5 - $850
Tract 6 - $2400
Tract 7 - $1750
Tract 8 - $1200
Tract 9 - $2200
3. Bidder Verification: Bidder/Purchaser must register to participate in the auction. Southern Auction Solutions will verify all Bidder/Purchaser registrations. If the Auction Company is unable to verify the Bidder/Purchaser and/or the Bidder/Purchaser does not comply with the online terms the bidding rights shall be terminated or extinguished without notice. The Auctioneer may require a proof of funds letter to be submitted prior to or during bidder participation. Deposit is 10% of the high bid. The deposit is due to the Auction Company by 5:00 pm CST the day after the online auction is concluded via wire transfer or cashier’s check. You must provide Proof of Funds to be approved to bid. This can be a letter from your bank, a pre-approval letter or intent to loan from a lender, a screenshot of your bank account, anything to show you have the ability to cover the amount of your bid.
4. Buyer's Premium: A 10% Buyer’s Premium will be added to the bid price to determine the final sale price. Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Sale Price: $110,000
5. Bidding Format: BidWrangler and affiliated companies, utilize timed auction events in an online setting. You will need a continuous internet connection. High speed connection is recommended. Our online only real estate auctions also include an auto-extend feature. Any bid placed within 2 minutes of the auction ending will automatically extend the auction for an additional 2 minutes from the time the bid is placed. A maximum bid can be placed on any property. For technical assistance please, call Rita Young at 334-646-9627.
Example: If an auction scheduled to end at 4:00 p.m. receives a bid at 3:59 p.m., the conclusion of the auction automatically extends to 4:01 p.m. The auto-extend feature remains active until no further bids are received within the 2-minute time frame. The winning Bidder/Purchaser is the final Bidder/Purchaser whose bid has not been raised in the 2-minute time frame.
6. Auction Bid Default: In the event a winning Bidder/Purchaser fails to submit the executed Real Estate Sales Contract as well as the required non-refundable down payment as provided in the Auction Terms, there may be remedies for the seller as a result of default, including legal action for seller’s losses.
7. Closing: Closing will occur within 30 days of the auction. The Seller shall convey the property by Warranty Deed or other appropriate deed, free of all encumbrances. The Seller shall pay for their prorated share of property taxes. The Bidder/Purchaser shall be responsible for all other costs of closing and transfer, including survey. Bidder/Purchaser acknowledges that this sale is not contingent upon post sale inspections or financing approval. Any closing that is delayed beyond 30 days without the written authorization of Seller and Auction Company due to any actions or inactions of Bidder/Purchaser or anyone working on behalf of Bidder/Purchaser, including lenders, inspectors, appraisers, etc., will cause Bidder/Purchaser to be considered to be in breach of contract. Bidder/Purchaser will forfeit all down payment and will be held responsible for any costs incurred by either Auction Company or Seller from the resale of the properties. All legal claims will be properly filed in Randolph County, in the State of Alabama.
8. Agency Disclosure: Southern Auction Solutions, Ron Young, and all affiliates and partners represent the SELLER in ALL transactions.
9. Disclaimer: All information contained herein is believed to be correct. By Accepting the Terms & Conditions you acknowledge you have read and understand them. The information is being furnished to Bidder/Purchaser for the Bidder/Purchaser’s convenience. However, it is the responsibility of the Bidder/Purchaser to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the Bidder/Purchaser’s risk. Each Bidder/Purchaser must conduct and rely solely upon their individual investigation and inspection. The property is being sold “AS IS, WHERE IS” with any and all faults. All properties are sold subject to any and all existing matters of record, all easements, and local zoning regulations. There are NO CONTINGENCIES for financing, appraisals, repairs, inspections or any other requirements that may be required by a mortgage company. Please review all information supplied and seek appropriate assistance prior to bidding.
Bidder/Purchaser acknowledges that hardware malfunctions, software malfunctions, viruses and similar issues do occur and are beyond the knowledge, scope, and control of the Auctioneer. We are NOT responsible for your system malfunctions, connection to the Internet or your email stopping any of our emails to you in regard to bid confirmations and/or outbid notifications.
Read the descriptions and view photographs carefully. If you have any questions, please call the Auctioneer at 334-885-1787. Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. The property is SOLD AS-IS, WHERE IS; this is an AUCTION and ALL SALES ARE FINAL. Bids cannot be retracted and are binding contracts between Bidder/Purchaser and Auctioneer/Seller. Bidder/Purchaser is accountable to be informed about property and associated costs before bidding. The starting bid is not the Reserve Price. Auctioneer reserves the right to reopen bidding. Auctioneer’s decisions will be final. Some auctions have a minimum selling price established by Seller (“Reserve Price”). Except where prohibited by law, Auctioneer may counter bid on behalf of Seller on any property up to the amount of the Reserve Price (and no such bid will result in a sale of the property). If the Reserve Price is not met, Seller is under no obligation to sell the property; however, Seller may accept a bid that is below the Reserve Price at their sole discretion. Auctioneer’s decisions will be final.
10. Merchantable Title: The Seller shall convey good and merchantable title in fee simple to said property to the Bidder/Purchaser by warranty deed or other appropriate deed, free of all encumbrances. Should the title chain have any issues, both parties agree to extend the closing time for a reasonable length of time to correct the issue. In the event that the title is unmerchantable, then the non-refundable down payment shall be refunded to the Bidder/Purchaser.
11. Changes, Alterations and Announcements: The Auctioneer reserves the right to deny any person admittance to the auction, to postpone or cancel the Auction, to withdraw the property from Auction and to change or alter the terms of the Auction upon announcement prior to or during the course of the Auction sale, without prior notice.
12. Auction subject to Prior Sale: Auction subject to prior sale does not mean it is our intention or goal to sell the property before the auction OR that there is a listed price posted on the property. Southern Auction Solutions is legally bound to present any and all offers to the Seller at the time they are presented. Although we endeavor not to encourage pre-auction offers unless they are exceptional, we are obligated to present all of them, regardless of when, how or from whom they arrive. Although the intent is to auction the listed property, the ultimate goal is to sell the property for a price satisfactory to the Seller or Court, which has jurisdiction. If the property is sold prior to auction, the Auctioneer will do his best to give notice to all other interested parties.
