WILLIAMS & WILLIAMS REAL ESTATE AUCTIONS

Two Homes on 40+/- Acres

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101 Rivendell Lane
Yellville, AR 72687
Nominal Opening Bid:Sells to Highest Bidder at Auction Above $400,000
Property Type:Single-Family
Description:6BR | 5BA | 10,125+/- sf | 40+/- ac
Bidding Closed
Auctioned
Auction Info
Auction Date/Time:
Tuesday, July 30, 2019
at 12:00pm CDT
Auction Location:
Quality Inn Conference Room 1031 Highland Circle
Mountain Home, AR 72653
or bid live from anywhere at auctionnetwork.com
Open Public Inspections:
FLY-IN & OPEN HOUSE Sunday, July 7 & 14, 1-4pm
Nominal Opening Bid:
Sells to Highest Bidder at Auction Above $400,000

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

Square footage & lot size per county records. AR Broker: Daniel Nelson Re Lic PB00069547 Whitetail Properties Real Estate LLC, Johnny Ball, Broker Re Lic PB00028421 Keith W. Babb Re Lic PB00071902 Auc Lic 1213 Williams & Williams Mrktg Srvcs, Inc. Re Lic 00069547 Auctioneer: Keith W. Babb Auc Lic 1213

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Please see Terms of Sale for details.

Property Type:
Single-Family
Bedrooms:
6
Bathrooms:
5
Square Footage:
10,125+/- sf
Lot Size:
40+/- ac
Year Built:
2005
Property ID:
355219
101 Rivendell Lane, Yellville, AR 72687

Once in a lifetime a property comes along that you know is special. This gorgeous masterpiece on Bull Shoals Lake is that special opportunity! With custom craftsmanship from top to bottom, a gorgeous setting in the Ozark timber and numerous features you just can't duplicate… this stunning place is as unique as it gets. Located in the immaculate Webb's Landing Subdivision, members have access to the private Pine Mountain Airpark (6AR9), options for their own private hangar and an annual slip lease on the community boat dock. Fly in and land within ½ mile of your own lake oasis!

This 6BD/5BA Mickey Griffen Design is a true marvel. A massive stone fire place sets amidst the grand room when you enter through the custom front entrance. Italian porcelain tile and vertical stand bamboo flooring line the entire main level. The kitchen is a true delight complete with double wall ovens, oversized custom island, hickory cabinets with pecan trim and built in commercial refrigerator and freezer. The home has superb insulation and energy features with 5-zone heating/cooling, closed cell foam insulation, 2X6 exterior walls, passive solar heat design and two rocked wood burning fireplaces.

The master suite is massive and has an immaculate master bath with walk-in custom shower. The entire home is ADA compliant! There is a master study/library with custom shelving and room to spare. Off the grand room is a hickory lined wet bar with sink and plenty of entertainment area. Also, on the main level is the in-law suite. This suite is a full 3-bedroom, 2 bathrooms, living area, kitchen and dining.

Your own second home for family or visiting friends! The lower level is loaded with storage, extra bedrooms, game room with pool table, kitchenette, work out room and a fully loaded custom theatre! A 4-door extra deep garage is also attached, providing plenty of space for your rides.

Located on the property is also a lovely 3-bedroom, 2-bathroom custom brick guest house! A 30X60 detached shop with concrete floor will prove to be useful for your hunting or recreational equipment. All this in a picturesque setting over Bull Shoals lake. The gorgeous acreage is loaded with hardwoods, custom blacktop drive way and saturated with wildlife! This type of opportunity is extremely rare, and you don't want to pass this up.

• Located on Bull Shoals Lake
• Community boat dock with option for private slip
• Private landing strip with option for private hangar
• 1 hour to Mountain Home, AR
• 30 minutes to the famous White River
• 1 hour from the Buffalo National River
• Custom masterfully crafted 10,125+/- sq. ft. 6BD/5BA home
• 3BR/2BA 1951+/- sq. ft. Guest Home and shop on site
• Black top drive and trails
• Home complete with in-law/guest quarters
• Fully custom home theatre
• Extremely private and quiet

Questions?

This individual seller chose to auction their property for a time-definite sale. If you have questions about this property, please email Customer Service or call 918.362.6742

Live On Location
101 Rivendell Lane
Yellville, AR 72687
Nominal Opening Bid:Sells to Highest Bidder at Auction Above $400,000
Property Type:Single-Family
Description:6BR | 5BA | 10,125+/- sf | 40+/- ac
Bidding Closed
Auctioned

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

Square footage & lot size per county records.

AR Broker: Daniel Nelson Re Lic PB00069547 Whitetail Properties Real Estate LLC, Johnny Ball, Broker Re Lic PB00028421 Keith W. Babb Re Lic PB00071902 Auc Lic 1213 Williams & Williams Mrktg Srvcs, Inc. Re Lic 00069547
Auctioneer: Keith W. Babb Auc Lic 1213

Auction Date/Time:
Tuesday, July 30, 2019
at 12:00pm CDT
Auction Location:
Quality Inn Conference Room 1031 Highland Circle
Mountain Home, AR 72653
or bid live from anywhere at auctionnetwork.com
Open Public Inspections:
FLY-IN & OPEN HOUSE Sunday, July 7 & 14, 1-4pm
Nominal Opening Bid:
Sells to Highest Bidder at Auction Above $400,000

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Please see Terms of Sale for details.

Property Type:
Single-Family
Bedrooms:
6
Bathrooms:
5
Square Footage:
10,125+/- sf
Lot Size:
40+/- ac
Year Built:
2005
Property ID:
355219
101 Rivendell Lane, Yellville, AR 72687

Once in a lifetime a property comes along that you know is special. This gorgeous masterpiece on Bull Shoals Lake is that special opportunity! With custom craftsmanship from top to bottom, a gorgeous setting in the Ozark timber and numerous features you just can't duplicate… this stunning place is as unique as it gets. Located in the immaculate Webb's Landing Subdivision, members have access to the private Pine Mountain Airpark (6AR9), options for their own private hangar and an annual slip lease on the community boat dock. Fly in and land within ½ mile of your own lake oasis!

This 6BD/5BA Mickey Griffen Design is a true marvel. A massive stone fire place sets amidst the grand room when you enter through the custom front entrance. Italian porcelain tile and vertical stand bamboo flooring line the entire main level. The kitchen is a true delight complete with double wall ovens, oversized custom island, hickory cabinets with pecan trim and built in commercial refrigerator and freezer. The home has superb insulation and energy features with 5-zone heating/cooling, closed cell foam insulation, 2X6 exterior walls, passive solar heat design and two rocked wood burning fireplaces.

The master suite is massive and has an immaculate master bath with walk-in custom shower. The entire home is ADA compliant! There is a master study/library with custom shelving and room to spare. Off the grand room is a hickory lined wet bar with sink and plenty of entertainment area. Also, on the main level is the in-law suite. This suite is a full 3-bedroom, 2 bathrooms, living area, kitchen and dining.

Your own second home for family or visiting friends! The lower level is loaded with storage, extra bedrooms, game room with pool table, kitchenette, work out room and a fully loaded custom theatre! A 4-door extra deep garage is also attached, providing plenty of space for your rides.

Located on the property is also a lovely 3-bedroom, 2-bathroom custom brick guest house! A 30X60 detached shop with concrete floor will prove to be useful for your hunting or recreational equipment. All this in a picturesque setting over Bull Shoals lake. The gorgeous acreage is loaded with hardwoods, custom blacktop drive way and saturated with wildlife! This type of opportunity is extremely rare, and you don't want to pass this up.

• Located on Bull Shoals Lake
• Community boat dock with option for private slip
• Private landing strip with option for private hangar
• 1 hour to Mountain Home, AR
• 30 minutes to the famous White River
• 1 hour from the Buffalo National River
• Custom masterfully crafted 10,125+/- sq. ft. 6BD/5BA home
• 3BR/2BA 1951+/- sq. ft. Guest Home and shop on site
• Black top drive and trails
• Home complete with in-law/guest quarters
• Fully custom home theatre
• Extremely private and quiet

Questions?

This individual seller chose to auction their property for a time-definite sale. If you have questions about this property, please email Customer Service or call 918.362.6742

Terms of Sale:

Thank you for participating in this Williams & Williams Auction. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. By bidding you are representing to Williams & Williams ("Broker" and/or "Auctioneer") and the seller that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card and Auction Day Notes, and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

A Buyer's Premium of 5% ($5,000 minimum) will be added to the high bid and included in the total purchase price.

Each high bidder must make a 10% non-refundable deposit per property ($5,000 MINIMUM - whichever is greater) immediately following auction. Cash, cashier's checks, personal checks and business checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price, all closing costs, and the Technology Fee are due at closing. Closing costs generally range from $750-$3000 and include title exam, title policy, closing fee, filing costs and any other fees noted unless otherwise noted in the Contract.

The Parties acknowledge Buyer will tender the Down Payment in the form of a certified check, cashier’s check, money order, or personal/business check, and said instrument will be made payable to the Escrow Agent, or a wire shall be sent directly to the Escrow Agent, if permitted by the Contract. In those instances where the Down Payment instrument was transmitted to the Auctioneer, Auctioneer shall transmit the Down Payment instrument to the Escrow Agent upon Seller’s acceptance of Buyer’s offer. The Down Payment shall be held by Escrow Agent and disbursed to the Closer identified in the Contract for Sale prior to the Closing Date and following clearance of funds by the issuing financial institution.  Interest, if any, earned on the Down Payment shall be deemed part of the Down Payment and shall be applied together with the principal portion of the Down Payment to the Purchase Price.  The Parties agree that upon a fully executed Contract, the Down Payment is non-refundable, and, at Seller’s request, shall immediately be released to Seller in accordance with the Contract for Sale.

If Seller accepts Buyer’s high bid, then the Contract for Sale shall continue in full force and effect and the Closing Date shall occur no later than thirty (30) days following the date of Seller’s acceptance, except as otherwise may be allowed in accordance with the terms of the Contract for Sale. Buyer(s) and Seller agree that Seller may terminate the Contract for Sale, in Seller’s sole and absolute discretion, in the event the Seller does not accept the Buyer’s high bid.   BUYER UNDERSTANDS AND AGREES IF SELLER HAS PERFORMED SELLER'S OBLIGATIONS UNDER THE CONTRACT FOR SALE, AND IF AT CLOSING THE BUYER FAILS TO PAY THE BALANCE OF THE PURCHASE PRICE OR TO PERFORM ANY OTHER OBLIGATIONS UNDER THE CONTRACT FOR SALE, THE DOWN PAYMENT WILL BE DISBURSED PURSUANT TO OF THE CONTRACT FOR SALE.  BUYER HEREBY DIRECTS ESCROW AGENT AND CLOSER TO DISBURSE THE DOWN PAYMENT FUNDS PURSUANT TO THE TERMS OF THE CONTRACT FOR SALE HEREIN.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or re-schedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding usually takes less than 3 minutes for each property. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All the information contained on this property was obtained from official county maps or other sources deemed reliable but is not guaranteed and may be in error. Seller DOES NOT WARRANT the accuracy thereof. Seller has made no independent investigation of any information provided and assumes no responsibility for the providing of or absence of any information, whatsoever, or for the accuracy thereof.

All auctions are subject to court or seller approval. Seller has (7) business days in which to accept or reject the high bid received at auction and Buyer’s high bid is irrevocable during this time. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of Williams & Williams and Seller's disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

 Auction Network
TERMS & CONDITIONS OF SERVICE

The property offered in this auction will be offered and sold by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service, and the Auction Network Terms of Use located at the following URL: https://www.auctionnetwork.com/Site/TermsOfUse.asp, as amended from time-to-time by posted notices or oral announcements made during any auction.

Williams & Williams serves as the auctioneer, and represents the owner of the property at auction. The auction and conveyance of each property shall be governed by property specific Contract for Sale, Auction Day Notes, Disclosures, and the Williams & Williams Terms & Conditions of Sale. These documents govern your bid and the sale of each property, and can be accessed and reviewed at the Williams & Williams property specific web page.

DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Auction Network, Williams & Williams and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation, the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale, the Williams & Williams Terms & Conditions of Sale shall control in each instance.

Auction Network has no authority to, and does not provide, any guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale, all properties auctioned are otherwise sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the respective seller, and with no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

Neither Auction Network nor Williams & Williams assumes any risk, liability or responsibility for the authenticity of the authorship of any property or livestock offered at this auction (that is, the identity of the creator or the period, culture, source or origin, or lineage, as the case may be, with which the creation of any property is identified).

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Any property may be withdrawn by Auction Network or Williams & Williams at any time before the actual sale without any liability therefore. If the auctioneer determines that any opening bid is not commensurate with the value of the article offered, he or she may reject the same and withdraw the article from sale, and if, having acknowledged an opening bid, he or she decides that any advance thereafter is insufficient, he or she may reject such advance.

These Auction Network Terms & Conditions of Service, Terms & Conditions of Use, Williams & Williams' Terms & Conditions of Sale, as well as the online buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.

You are registering to bid on the following properties, and as stated above, your bid, and the sale of the property, will be governed by the property specific Williams & Williams Contract for Sale, Disclosures, Auction Day Notes, and Terms & Conditions of Sale. Each of these documents are available for your review at the Williams & Williams property specific web page. DO NOT BID unless and until you review these documents. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Disclosures:
• All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

• Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.

• Well Potability Disclosure. Neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition or potability of the well reported to be on this Property. Buyer is purchasing the Property as-is, where-is.

• Wastewater Treatment Disclosure. The Property herein has been reported to have an on-site wastewater treatment system/cesspool/septic tank. Buyer is purchasing the Property as-is, where-is with no warranties or assertions by Seller, Williams & Williams, or their agents as to the condition thereof. The Property may be subject to city/county septic inspections. Buyer agrees to comply with all requirements necessary to complete the inspection and closing, including, but not limited to, obtaining the necessary permits and making arrangements to correct any noted city/county violations at Buyers expense.

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Greg Lutz
Greg Lutz
Managing Director
PHONE
Selling your property? Find out if auction works for you.
Call 800.801.8003.
Selling your property? Find out if auction works for you.
Call 800.801.8003.