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Auction Details

PANAMA CITY, FL: TRANQUIL WATERFRONT HOME

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Photos


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Brief Description

Secluded waterfront home on tranquil Posten Bayou in Panama City, FL.  Quick and easy access to the Gulf's Pass!

Auction Schedule

Live On-Site Auction

Began: 05/16/15 at 11:00 AM CDT

Ended: 05/16/15 at 12:00 PM CDT

Location: 2410 Ashland Rd, Panama City, FL 32405

Inspection

Began: 05/09/15 at 10:00 AM CDT

Ended: 05/09/15 at 2:00 PM CDT

Location: 2410 Ashland Rd, Panama City, FL 32405

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Details

  • Year Built: 1959
  • 3 bedroom/2.5 bath
  • 2,232+- sq ft Heated and Cooled space
  • Fronting on Posten Bayou- 200+ feet
  • Deep Water just outside the Pass to the Gulf of Mexico
  • Large Boat Slip with Lift
  • Seawall
  • Annual Taxes (2014): $2,629.38
  • Annual Insurance $4,000 Approximate (Hazard & Flood)
  • Pre-Auction Offers are Encouraged!

Featured Images

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Gallery: Additional Photos

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Auction Terms

Real Estate Terms:


To register to bid, you will need a cashier's check payable to yourself in the amount of $1,000. This check will be handed over to the Auction Clerk and back to each unsuccessful bidder at the conclusion of the sale. 

The winning bidder will sign a contract and be required to place a bid deposit equal to 10% of the bid amount on Auction Day. A personal check for this amount is acceptable The Seller will have up to 3 days to accept or deny the bid. 

Buyers will pay all closing costs.  2015 Real Estate Taxes shall be prorated to the day of closing.  The property will be purchased free of all liens and encumbrances of record. 

Buyer’s Premium:


A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid. The cashier's check that is required to register to bid can be used towards the 10% down.

Broker Participation:


All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. NREAG will be happy to pay a commission to the Florida licensed and qualified broker whose properly registered buyer is the successful bidder at the auction and closes on the sale. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out, signed and notarized). The form may be obtained by calling or by visiting our website at www.nreag.com. This form must be submitted to the NATIONAL REAL ESTATE AUCTION GROUP no later than 24 hours prior to the Auction.

Closing:


The closing shall take place no later than thirty (30) days after the auction at the offices of McNeese Title, LLC, at 36468 Emerald Coast Pkwy Destin, FL, Phone: (850) 337-4242. You must bring either a Cashier’s Check or wired funds at closing. No purchase shall be contingent on financing or any other contingencies.

Announcements made at the auction supersede all printed material. All information included herein was derived from sources believed to be correct, but is not guaranteed.

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AuctionServices
Specializing in the rapid liquidation of real estate utilizing the auction method, our team creates an aggressive marketing plan featuring a blend of online, direct mail and targeted media to maximize a property's exposure. National Real Estate Auction Group is set up to provide clients the highest possible level of service by focusing on details to guarantee each aspect of the auction is conducted professionally, ensuring the best chance of success at the highest possible price on auction day.

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