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Noteable Observations 11.Spyglass

Noteable Observations 11.Spyglass

AUCTION2

Title Transfer    

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11 Spy Glass Hill Luxury Home Auction

Title  

Seller will warrant the transfer of title. Purchaser may purchaser title insurance at the purchaser’s expense at the time of closing. Subject to terms and conditions.

Appraisal

Purchasers may conduct an independent appraisal prior to bidding.

Certifications  

Purchaser upon proof of payment will be certified the new owner at closing. Certified funds will be required to bid in the amount of 100,000 plus any balance of required earnest deposits and buyer’s premium to be tendered the day of the auction.

Survey

Purchaser may order a survey prior to bidding at purchaser’s expense.

Disclosure  

Disclosures are available up request.

Purchase and Sale Agreement

Will be available for review prior to bidding upon request.

Provenance  

The property acquired and home was built by the current owner in 2009.

Authenticity

The information shall be deemed true and correct; however, the purchaser shall be responsible for independent verification prior to bidding at purchaser’s expense.

Appointments  

Purchasers may schedule an in-person appointment prior to the auction. Such appointments may be related to home inspections, surveys, ground reports, document review, or other inspections the purchaser would request. All will be at the purchaser’s expense in advance of the auction.

AUCTION2

Forward  

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11 Spy Glass Hill Luxury Home Auction

Real Estate Property Report

(Limited)

Purpose

To provide an overview of the subject property.

Inspections

Purchasers may conduct inspections prior to auction date.

Expectations

Purchasers are to inspect the property at their own expense. Escrow deposits in addition to closing costs, buyer’s premium shall be the purchaser’s responsibility. This transaction shall be non-contingent on financing. Close the transaction within 30 days of auction.

Representation

Auctioneer and Brokers represent the seller.

Buyer’s Premium

A 10% Buyers Premium will be added to the highest bid.

Terms and Conditions

Auctioneers will announce final terms prior to start of auction.

Purchase and Sale Agreement

Purchase and Seller shall sign an agreement the day of auction.

Independent Reports Obtained

Examination of the premises may be obtained by the purchaser at purchaser expense.

Intended Use of this Document

Informational purposes only. Purchasers should not rely solely on the information present in this or other documents. Claims against the Auctioneer / Broker will not be applicable.

AUCTION2

Notable Observations

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11 Spy Glass Hill Luxury Home Auction

Subject Property: Compatible with the Neighborhood

Energy Source: Mississippi Power, Back Up Power Generator

Dimensions: Irregular, Three Lots, 1.5+\- Acres

Proximity: Average for Schools, Commerce, Employment

Zoning: Single Family Residential

Location: Suburban, Off North USHWY 49 / Interstate 59

Landscaping: Upgrades: Southern Climate Adaptations

Physical Deficiencies: None Observed

Environment Impact: No Negative Impact Pending

Neighborhood Boundaries: Classic Dr., Rawls | Jackson |4th St., I-59

Market Conditions: Favorable: Balanced Supply and Demand

Overall Condition of the Property: Well Maintained, No Visible Issues

AUCTION2

Actual Construction Costs

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11 Spy Glass Hill Luxury Home Auction

11 Spy Glass Construction Estimated Spend 
Land 3 lots 1.5 Acres  $126,756.00
Slab Foundation  $199,911.98
Framing  $856,040.02
Sheetrock  $285,864.08
Trim Stage  $430,933.22
Audio / Video  $20,036.00
Upgrades  $242,851.45
Fencing  $185,930.07
Pool  $114,243.03
Pool Deck  $8,698.18
Pool House  $132,835.36
Additional Requests  $239,561.00
Landscaping  $44,650.00
Contractor  $245,214.47
Consulting  $123,279.93
Drainage  $54,604.00
Extra Items  $212,359.54
Reclaims/Removals  $45,364.00
Total 11 Spy Glass  $3,569,132.33

AUCTION2

Area Attractions   

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11 Spy Glass Hill Luxury Home Auction

Hattiesburg Country Club 1/4 Mile 5 Minutes
Shadow Ridge Country Club 3.1 Miles 7 Minutes
West Hattiesburg / Commerce Area 5.8 Miles 14 Minutes
INTERSTATE 59 4.2 Miles 11 Minutes
US HWY 49 4.1 Miles 10 Minutes
West Hattiesburg / Commerce Area 5.8 Miles 14 Minutes
Downtown Hattiesburg 6.6 miles 16 Minutes
University of Southern Mississippi 4.8 Miles 14 Minutes
Quail and Pheasant Hunting Lodge 50 Miles 58 Minutes
Ultimate Mississippi Exotic Game Hunting 72 Miles 1 hr 17 Minutes
Jackson 87 miles 1 hr 42 Minutes
Biloxi 82 Miles 1 hr 22 Minutes
New Orleans 115 Miles 1 hr 59 Minutes
Destin 212 Miles 2 hr 59 Minutes

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Myers Jackson

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