REAL ESTATE AUCTION
Historic Landmark “The Magnolias”. The Magnolias is a Vicksburg landmark on the National Register of Historic Places. The location and architecture are significant. The site was once owned by the Vicks family for whom Vicksburg was named. It was subdivided in 1867 as Southmayed Survey. Twelve lots were laid out; eleven homes built. Of the houses constructed in the original Southmayed development, only two remain. The Magnolias is the lone survivor of Monroe Street. Hand-picked lumber was air dried on site before construction. Workmen regularly turned the timbers to prevent warping and discoloration. Materials and workmanship were reputedly the finest of the period. Square nails were used and walls were plastered over cypress lath. The house was lighted by gas. Some of the original fixtures remain. Cisterns supplied water, their imprint still shows. The exterior features the finest Vicksburg pierced columns, an architectural feature special to this area. The finely-crafted brackets, balustrades and friezes are significant. The floor-length windows are in arched, molded surrounds. Inside, woodwork is distinctive doors, baseboards, and moldings. Iron medallions are in the parlor and dining rooms, which are joined by massive pocket doors. The stairway has an elaborate hand-saved Newell and ascends straight to the second floor.
Bidders will be required to present a valid drivers license and a cashiers check in the amount of $10,000 to obtain a bidder number. This is a great opportunity to purchase Real Estate at Auction. Real Estate Brokers welcome and protected. Contact Auctioneer for additional information. Terms of Auction: The successful bidder will be required to make a 10% non-refundable deposit the day of the auction. The sale IS NOT subject to the buyer’s ability to obtain financing nor any other contingency, feasibility period, or the results of inspections or appraisals. Should the buyer default and fail to close as specified, the buyer will forfeit their deposit, which will immediately be released to the Auction Co. / Broker. This sale is subject to Seller and lien holder confirmation. Closing will be within 30 days of the auction date. If Seller fails to close or deliver clear title, the Auction Co. / Broker will not be responsible. If for any reason the sale cannot be consummated because of the seller, the down payment will be refunded. The property is offered “AS IS – WHERE IS” with no contingencies, repairs, clean up or improvements. Prospective buyers should inspect the property prior to sale day. Information provided by auction co. is believed to be accurate; however, auction co. does not guarantee accuracy of the information provided. Successful bidder will be required to sign a contract upon conclusion of the bidding. Bidder understands and agrees that Nick Clark Real Estate Broker and Clark Auctions represents the Sellers and will not be considered an agent for the Bidder. Nick Clark Real Estate Broker Clark Auctions MAL# 1145, 101 Saddle Creek Cove, Canton, MS 39046. 601.317.2536 “Mississippi’s Hardest Working Auctioneer”. For Bid info call 601-317-2536. 10% Buyer’s Premium.