Auction Information

Contact Information
Beau Cole
Email: beaucole@msn.com
Phone: 256.337.1219
Auction Type

Simulcast Auction

Auction Schedule
Auction Dates

Start Date: Aug 27, 2024

End Date: Sep 28, 2024


Auction Preview Dates
Sep 28, 2024 from 4:00AM-5:00AM
Auction Location
Corum Lane
(Next to 120 Corum Lane)
Lexington, AL 35648




Highway 72 W, left on Lauderdale County Road 51, left on Lauderdale County Road 50/51, right on Lauderdale County Road 51 and left on Lauderdale County Road 35 which becomes Corum Lane
Auction Description

Simultaneous LIVE and ONLINE Auction held LIVE ON-SITE Saturday, September 28, 2024 @ 10:00 AM
Beautiful 33± Acres with Creek
Experience the allure of rural living with this exceptional 33± acre property located in Lexington. Situated amidst picturesque landscapes, this property features a tranquil creek that adds to the natural charm and appeal. There are ample opportunities for exploration and development, including private home, farming or recreation. The possibilities are endless.
Auction in association with Jonathan Berryhill
(National Land Realty) 256-874-7354

Auction Documents

Plat

Catalog
Terms & Conditions
  • Online bidders must contact W. Todd Hess at 256-541-2964 within a minimum of 24 hours prior to the auction to complete registration for bidding online. No exceptions! A bank Letter of Guarantee in the amount of 10% of the minimum bid price may be required to complete registration.
  • A 10% Buyers Premium to be added to the final bid to determine the contract price on the Real Estate.
  • All property is sold “AS IS, WHERE IS”. Cole Auction works strictly as an agent for the seller.
  • 10% down day of the sale, balance to be paid in 30 days or less.
  • Property is selling subject to all restrictions, easements and rights-of-ways.
  • Seller to pay prorated taxes and provide clear deed and title.
  • Purchaser to pay all of their own closing costs.
  • All decisions of the Auctioneer are final in case of bidding disputes.
  • Seller reserves the right to deny or expel anyone who attempts to disrupt the sale.
  • Property is to be considered to be sold under reserve unless otherwise specified. Cole Auction does not disclose the reserve price prior to the live auction.
  • Seller reserves the right to accept a winning bid prior to the live auction.
  • Property maps, surveys, inspections, etc. are for reference and sale purposes only. Neither the Auction Company nor the seller guarantees any of the information given.
  • It is the responsibility of the buyer to verify all specifications and conditions of the property.
  • No warranties or guarantees are being made as to condition, age or value prior to sale date.
  • No contingencies shall apply to the sale of the property, including a buyer receiving financing.
  • Buyers & Sellers and/or their agents may bid at the live auction, online, or by phone. Employees of Cole Auction may bid on behalf of others up to and including online bids, phone bids, absentee bids, and prebids.
  • All information that is being given is believed to be correct and reliable but is not guaranteed by the Auction Company.
  • Announcements made day of the sale take precedence over any written material.
  • Cole Auction will pay outside brokerage 2% of net commission. Sales price minus concessions (i.e., expenses and/or commission reductions). Agents must register with Beau Cole at beaucole@msn.com prior to auction. NO EXCEPTIONS! Agents and/or their clients must participate in the live ON-SITE auction to qualify for the payment.
Payment (Real Estate)
  • Cole Auction does not accept credit cards for real estate purchases.
  • 10% Premium due within 24 hours after close of auction. Contact Beau Cole at 256-837-0701 for wiring instructions. Remaining balance due upon closing. $25 fee for wire transfers is waived for real estate purchases.
  • Purchaser has 30 days to close, but time to close may be extended on a case-by-case basis.
  • Purchaser pays their own closing costs, but has the right to choose the closing attorney or title agent.
License Information:
Cole Auction Liquidators, LLC
AL #284
Cole Properties & Auction, Inc.
AL #120

Principal Auctioneers:
Personal Property:
W. Todd Hess
AL #5536

Real Estate:
W. Todd Hess
AL #5536

Arthur Cole III
AL #1417

Cole Auction

1580 Sparkman Drive, Suite 102
Huntsville, Alabama 35816
Phone: (256) 837-0701
Fax: (256) 837-3830

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