3,907±SF Historic Home at 204 Greenville St., Abbeville, SC 29620 (Abbeville County)

 

204 Greenville St., Abbeville SC 29620 (Abbeville Co.)
Bidding Opens: Wednesday, Nov 21 at 11:00 AM ET

Bid Deadline: Wednesday, Nov 28 at 11:00 AM ET

Inspection: Wednesday, Nov 21 11:00 AM - 1:00 PM

Sale Manager: Rickey Heaton, 864-350-0323 or rickey@AMCbid.com

 

The property is a 3,907±SF Historic Home built in 1908 with 5 bedrooms and 3 baths on .71+ acres near downtown Abbeville. New shingles were added in 2017. There are screened porches on both the 1st and 2nd floors in the rear of the house. The main access to the property is off Greenville St., but there is also access off Richey St.

 

The Gary/ Little/ DuPre home is one of Abbeville’s most beautiful homes of antiquity. The residence is marked by its huge, iconic columns and its classic revival lines. Other initial striking features are its double front door paneled with beveled ornate glass with like panels on either side. Above and spanning the entrance is a wide panel of leaded glass. The entrance opens into a spacious hallway with huge rooms to the right and left. From the ceiling of each room hangs matching chandeliers. In addition to its hall and bedroom with full bath on the first level, are a den and kitchen. From the hallway, a staircase leads to the second story to the four bedrooms and two baths.

 

The home was originally built by Frank B. Gary, noted SC jurist, State Legislator and US Senator. In 1934 it was purchased by Joe H. Little, father of Adelaide DuPre.

 

 

Abbeville County Parcel# 109-09-03-011

2017 Taxes were $710.20 (Paid). Appears to be taxed as owner occupied
 

Terms:  Bank Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit,  2% Broker Co-Op, close by Dec. 28, 2018.

 

 

Auction Management Corporation SCAL# 3198

AUCTION REGISTRATION: In order to register for the auction, you must have pre-inspected the property and must confirm that you have done your own inspection prior to registration. The online registration form will need to be completed before online bidding is enabled. In addition, you must provide proof of funds from your bank that you have sufficient funds to cover the required earnest money down payment in order to obtain a bid number. This may be accomplished by faxing the proof of funds to 770-980-9383 or emailing to info@AMCbid.com at least 24 hours prior to the auction. Proof of funds consists of a copy, fax, or original of a current bank statement in bidder’s name showing sufficient funds for 10% earnest money deposit.

 

AUCTION INFORMATION: All available material and updates are posted to www.AMCbid.com. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 864-350-0323, or by visiting the website.

 

BUYER'S PREMIUM: Property will be sold with a ten percent (10%) buyer's premium. The bid amount plus buyer's premium equals the final purchase price. For example: A $100,000 bid, plus the 10% ($10,000) buyer's premium, equals the $110,000 final purchase price.

 

INSPECTION: Wednesday, Nov 21 at 12 Noon SHARP

 

CONDUCT OF THE AUCTION: Online bidding will begin one week prior to the auction. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer.

 

GROUPED EXTENSION: This auction may use the grouped extension bidding feature, where it is placed with other assets in an extension group. Any bid within the last five minutes of bidding for an auction lot causes an automatic extension of bidding on that auction lot and on ALL auction lots. When 5 minutes passes with no more bidding on any of the lots, then bidding on all lots will close simultaneously.

 

EARNEST MONEY REQUIREMENT: Winning online bidders must deliver earnest money via wire transfer to the Escrow and Closing Agent account immediately following the auction (See Auction PSA), in the amount of ten percent (10%) of the purchase price (calculated by adding the high bid amount plus a 10% buyer’s premium) Balance will be paid in full at closing. The successful bidder will be notified immediately following the closing of the auction and emailed the sale contract, to sign and return. If you have any questions, you may contact Heidi Googe at heidi@AMCbid.com or 404-821-8069.

 

PURCHASING AND CLOSING: Buyer shall execute an Auction Purchase and Sale Agreement (“Auction PSA”) for the property immediately after being declared the successful bidder by auctioneer. A form Auction PSA is available at our websites and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. Earnest Money must be in the form of wire transfer only.

Closing must occur no later than Friday, December 28th, 2018. This deadline must be met unless extended in writing by mutual consent of the parties. Balance of purchase price will be paid in full at closing. Buyer not closing within the contractual time period to close will forfeit his/her earnest money deposit.

 

BROKER PARTICIPATION INVITED: A broker commission of two percent (2%) of winning bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery the prospect’s name and address on the Broker Registration form available as a download at the AMC website listing, prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 48 hours prior to the published auction bid deadline. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.

 

FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.

 

PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.

 

AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (877) 980-9565.

 

EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.

 

BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Special Warranty Deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; (3) 0% of closing fees charged by Closing Agent; and (4) Prorated property taxes as set forth in the Purchase and Sale Agreement and back taxes and HOA assessments due, if any. All other closing costs, including but not limited to surveys, title examination, title insurance, transfer taxes, 100% of closing fees charged by Closing Agent, loan closing costs, and purchaser’s attorney fees are at the expense of the Buyer.

 

Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by Sellers or Auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. Auctioneer is providing Internet bidding as a service to Buyer using a Third-Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted. The Sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through. Please note that unless specifically noted otherwise, Auctioneers and Brokers represent the Sellers only.