(7) Incomplete Duplex Buildings

114 -126 Stephen Ballay Ln., Port Sulphur, LA 70083

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Brief Description

Live Auction Saturday, December 9, 2017

Registration:10 a.m., Live Auction begins at 11 a.m.

Auction Location:  New Orleans Downtown Marriott at the Convention Center

114 – 126 Stephen Ballay Ln., Port Sulphur, LA  70083

$799,900 or make an offer!

 

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Details

(7) Incomplete Duplex Buildings

$799,900 or make an offer!

Auction Date:  Sat., December 9, 2017 – 10:00 am

Auction Location: 

N.O. Downtown Marriott at Convention Center

859 Convention Center Blvd., N.O. LA  70130

Seven duplexes with a gross living area of 2400 s.f.

or 1197 s.f., 3 beds, 2 baths per unit.

Each lot (2 – 8) is 84′ x 93′ with lot 1 being being 95’/88′ x 79’/89′

114 Stephen Ballay Ln. (lot 2)  – approx. 50% complete overall.  Includes pilings, structure, roofing, exterior staircase, landing and parking slab; windows, doors, siding installed, interior rough framing with roughed in pex, drain lines stubbed through floor, and HVAC ducting.  

116 Stephen Ballay Ln. – (lot 3) – approx. 50% complete.  Same as 114 above.

118 Stephen Ballay Ln. – (lot 4) – approx 40% complete.  Includes pilings, structure, roofing, exterior staircase, landing & parking slab completed; windows, doors, siding installed, interior rough framing only.

120 Stephen Ballay Ln. (Lot 5) – approx. 40% complete.  Same as 118 above.

122 Stephen Ballay Ln. (Lot 6) – approx. 40% complete.  Same as 118 & 120 above.

124 Stephen Ballay Ln. (Lot 7) – approx. 40% complete.  Same as 118, 120 & 122 above.

126 Stephen Ballay Ln. (Lot 8) – approx. 20% complete.  Includes pilings, structure, landing & parking slab completed.  Partial exterior staircase, some rough interior framing, no windows or doors.

Terms of Sale:  All bidders must register with $2,500 certified funds (cashier’s check, cash or money order) made payable to the bidder for each property on which the bidder intends to bid.  If the bidder is the successful high bidder on a property, the bidder will be required to immediately tender as Earnest Money an amount equal to the greater $2,500 or 5% of that high bid amount.  Earnest Money is not considered an “Option” payment and will not be refunded under any circumstances.  When placing a bid the bidders are agreeing to close on the property.  Bidders are responsible to perform due diligence, including but not limited to, personal on-site inspection of each property prior to bidding.  All properties sold “as is, where is” with no warranties expressed or implied.  Unless otherwise stated properties will be conveyed by Special Warranty Deed, and the owner’s title policy will be paid at the expense of the Seller when using the Seller’s designated vendor.  All properties must close on or before 30 days of seller execution date on the Purchase & Sale Agreement.  It is important that prospects have obtained preliminary loan approval, if they wish to finance the property, prior to bidding on the property.  This is a cash sale and is not contingent on the buyer’s ability to obtain financing.

Selling Agent Commission:  All commissions paid are based on the high bid.  To qualify for the selling agent commission, the selling agent must abide by and complete the following:

  • Attend the live auction and complete the cooperating broker information on the back of your prospect’s bidder card at the registration table before the auction starts
  • Review the Terms & Conditions of the sale (located online) with each presented client
  • Professionally assist the buyer by providing property information and previewing the property
  • Complete and sign the Co-op agent portion of the contract
  • Complete the Purchase & Sale agreement at the auction with your client

Featured Images

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Gallery: Port Sulphur

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Auction Terms

Terms of Sale:  All bidders must register with $2,500 certified funds (cashier’s check, cash or money order) made payable to the bidder for each property on which the bidder intends to bid.  If the bidder is the successful high bidder on a property, the bidder will be required to immediately tender as Earnest Money an amount equal to the greater $2,500 or 5% of that high bid amount.  Earnest Money is not considered an “Option” payment and will not be refunded under any circumstances.  When placing a bid the bidders are agreeing to close on the property.  Bidders are responsible to perform due diligence, including but not limited to, personal on-site inspection of each property prior to bidding.  All properties sold “as is, where is” with no warranties expressed or implied.  Unless otherwise stated properties will be conveyed by Special Warranty Deed, and the owner’s title policy will be paid at the expense of the Seller when using the Seller’s designated vendor.  All properties must close on or before 30 days of seller execution date on the Purchase & Sale Agreement.  It is important that prospects have obtained preliminary loan approval, if they wish to finance the property, prior to bidding on the property.  This is a cash sale and is not contingent on the buyer’s ability to obtain financing.

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AuctionServices
3316 Florida Ave. Suite 201 • Kenner, Louisiana 70065 USA
Phone (504) 468-6800 •Fax (504) 468-6811

Broker: David E. Gilmore
Licensed By The Louisiana Real Estate Commission
Licensed in Louisiana, Mississippi, Arkansas and Oklahoma
A Division of Gilmore-Braud Companies

Auctioneer: David E. Gilmore
Licensed in: Alabama #1832 • Arkansas #1979 • Louisiana #0447
Mississippi #378/641F • Texas #11136


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