7965 Forest Loop Clay AL 35126 - Land Only - Highland Forest SD - 0.67 Acre - Appraised at $36K

Full Description

ABOUT THE PROPERTY: Parcel: 10 00 17 1 000 081.000 Parcel Size: 0.67 Acres Taxes: Approx. $250/year Appraised Value - $36,000 Assessed Value - $7,200 Homes in the subdivision are valued at $287K to $339K. Purchase price does NOT include closing costs. The law office which does our closings will issue a Settlement Statement which includes the closing costs (est. $1K) and any proration of current property taxes. Transfer of interest is via a Quit Claim Deed (QCD). Post Closing Steps (not included in the price): Ejectment - Terminates Any Right of Redemption Planning & Zoning - To Determine Requirements Utilities - To Determine Costs / Tap Fees Additional Information: Traditional Open Market: If purchased cleared and free of legal hurdles through a traditional real estate agent, similar small vacant lots in the immediate Clay/Pinson area list between $16,500 and $25,000. Why are they priced below market value? These heavily discounted lots in Highland Forest are tax deed properties. Because they were seized due to unpaid property taxes, buyers must factor in the following post closing costs: * The Ejectment Process: To clear the title and legally terminate a previous owner's "right of redemption," Alabama law requires the buyer to complete a post-closing judicial ejectment. * Zoning & Utilities: The neighborhood is zoned R1 (Single Family). While public water is available on the street, houses here rely on septic tanks rather than a city sewer system, meaning you will need to pay for a perc test and septic installation to build. The land is being sold "as-is where-is, how is" with no warranties either expressed or implied. Your bid is a legal contract to purchase per auction terms and an acknowledgement that you have completed all due diligence before you bid. It is your responsibility to make sure the property suits your needs prior to bidding. Payment/Terms: Payment accepted via wire transfer. We do not take PayPal, as they will no longer allow real estate transaction payments through them. Payment must be made by the winning bidder within 48 hours of close of auction, unless other arrangements are made. FREQUENTLY ASKED QUESTIONS: Q. Do you have pictures of this property? A. Any photos we have of the property are posted in the auction listing. Most listings include pictures from the surrounding area, but we may not have any actual photos of the property. If they are not in the listing, we do not have them. If we have a video of the property it can be viewed here: https://www.facebook.com/altaxsale/videos Q. How do I get to this property? A. Most of our listings include Aerial Maps showing the specific location of the properties. You should be able to locate the property from these maps. We recommend using a parcel identification app to ensure you have located and viewed the correct property. Pictures are added for the buyer's benefit, and are deemed reliable but not guaranteed. Q. Who owns this property? A. We own or work with everything we sell. We are real estate investors, not real estate brokers or agents. Q. Should I look at the property prior to bidding? A. Yes, we have not seen some of our properties and it is your responsibility to make sure this particular property suits your needs. We try to collect pictures of our listings, however do to volume not all properties have in person pictures. Q. When do I get my deed to the property? A. Once the full payment and closing documents are completed your deed will be recorded and assessed and you will receive finalized documents within 7 to 10 business days. Q. If I have a question not answered in the listing, who do I need to speak to? A. Questions on zoning, building restrictions, etc., can be answered by speaking with the local government agencies. Questions about the process and Alabama tax deeds can be directed to 205-235-1050.