Auction: Island Living – Fripp Island Lot
4 Kingfisher Cove, Fripp Island SC

Online Only Auction!
Bidding Opens: Nov 16^th, 2017
Bid Deadline: Nov 20^th, 2017 at 3:00 pm
 

Original List Price: $115,000
Will Be Sold To Highest Bidder Above: $25,000

A large wooded home-site a on a private cul-de-sac in the desirable Fiddler’s Trace neighborhood. You’ll enjoy crabbing on the dock just up the road or the playground around the corner. A white sandy beach is always a short golf cart ride away on Fripp Island. Purchase an amenity membership and enjoy award winning golf, resort style pools, and tennis.

Fripp Island is 3000 acres of natural beauty with 3.5 miles of unspoiled beaches, near Historic Beaufort and convenient to Hilton Head and Charleston. Life is different here, designated as a Wildlife Sanctuary where more than 175 species of birds reside. You’ll see hundreds of deer running free and porpoise swimming in the inlet.

Here’s your chance for coastal Island living…Don’t Miss Out!

1. To Bid on this property, you must be of legal age to enter into a contract to purchase real estate. If you're in doubt about the legal age to enter into contract, please consult with competent legal counsel before bidding.
2. The purpose of the $1.00 credit card authorization is to verify the identity of each bidder. Your credit card will not be charged.
3. All bids are placed in US Dollars.
4. If you are out bid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
5. The bidding will be open and everyone will have access to the bid history during the auction.
6. As the auction nears the ending time it will auto-extend until bidding is silent for 1 minute.
7. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
8. The high bidder will be notified via email after the auction ends.
9. Financing: This sale is not contingent upon financing.
10. Inspection: Each bidder acknowledges it is their responsibility to inspect the property in order to determine its suitability for their intended use.
11. A membership to the Fripp Island Club is available, but not included with the purchase price. The purchaser is responsible for contacting the Club for additional details:
    HOA Dues: $915 (Plus $450 special assessment for 3 years to pay for Hurricane Damage)
    Resort/Golf Membership: Available Call Kristi Suddeth 843-838-1529
12. Deposit: A $1000.00 deposit will be due immediately after being declared the winning bidder. Personal checks will be accepted. The balance of the purchase price is due at closing within 30 days.
13. Buyer's Premium: A 10% buyer's premium will be added to the high bid to determine the final purchase price.
14. Closing Costs: Purchaser will be responsible for any expense relative to financing his/her purchase, as well as statutory recording fees (deed stamps) associated with the sale and deed preparation.
15. Taxes: Taxes will be prorated as of the day of closing.
16. Final Bids: All bids are irrevocable by the bidder. This property will be sold to the highest bidder, above $25,000.
17. The Successful Bidder will be required to sign the approved real estate purchase agreement immediately upon conclusion of the auction and make their earnest money deposit to Leonardi Bracken Real Estate LLC.  An auction representative will contact the High Bidder shortly after the bidding concludes in order to make arrangements for executing the Purchase Agreement.
18. Agency: Leonardi Bracken Real Estate represents the seller in this transaction.
19. Broker Participation Invited: A 3% referral fee, of the High Bid Amount, will be paid to the Broker whose prospect pays and settles for the property. To qualify for a referral fee, the Broker must register their prospect in writing no later than 3 hours prior to the auction on the approved form with Leonardi Bracken  Real Estate LLC. A complete registration file on all prospects will be maintained. No Broker will be recognized on a prospect that has previously contacted or has been contacted by the Seller or their agents. No referral fees will be paid to any broker or agent who is acting on their own behalf, on the behalf of another agent, or on behalf of a member of their immediate family, or who is a partner, stockholder, or principal of entity purchasing the property. Referral fees will be paid upon closing. There can be NO EXCEPTIONS to this policy and no oral registrations will be accepted.
20. One of the principals of Leonardi Bracken Real Estate have an ownership interest in this property.
     
21. Leonardi Bracken Real Estate LLC.
    800-576-7653 or 233-7655
    www.ChooseAuction.com
    BOB LEONARDI, AARE, SCAL 1313
    DAN BRACKEN, BIC