DESCRIPTION OF ITEM
5,000 sq. ft. (50 x 100) Vacant Lot in Yazoo County, MS. Legal: Lots 4 of Hendrix-Perry Subdivision, PPIN 5331. Parcel No. 3-279J-27-019.00. There is no site address for the parcel other than West Madison Street. According to the Assessor, there is power and water nearby and there is a house on the lot next to it at 644 W. Madison Street Yazoo City, MS 39141.A portion of the house is on the lot we are selling. The 2018 & 2019 taxes have not been paid. The past due taxes are $199.75 (2018 $141.83 (includes late fees) & 2019 $57.92.
This is a great investment opportunity. The original owners owned side by side lots and built the home in the picture on both lots. They let the lot at 644 W. Madison St. go back to the County for taxes. Unless the lot is redeemed by the previous owner of record, the lot will go up for auction in August 2020. Approximately half of the house is on the lot we are selling. This gives the Buyer an opportunity to negotiate to buy the lot next door or to sell this lot to them at a potential profit. Also, there is the option for the buyer to wait till the other lot goes up for auction in August 2020 and then own both lots and the house.
IMPORTANT LEGAL INFORMATION
CSAssets specializes in the liquidation of Bankruptcy Assets and Personal Assets. This is a Personal Asset. All Assets are sold “AS IS and WHERE IS” with no warranties implied or stated. The Seller is not responsible for issues, if any, with the title, the condition of the property, accessibility or terrain. All information contained in this listing has come from reliable sources and is accurate to the best of our knowledge. The Buyer will be entirely responsible for this property after the sale, including but not limited to: paying any fees associated with the transfer of the property, the recording of the deed and transfer of Title and the gathering of any documentation necessary for that process. CSAssets will provide the Buyer with a Quit Claim Deed for the property. CSAssets recommends all bidders perform their own due diligence PRIOR to bidding on this item. Please read all sections of the ad carefully, particularly for real estate sales.
LIENS
Past due taxes of $199.75, payable by the Buyer.
LOCATION INFO
There are lots of activities to do like fishing, water sports and hiking with a lot of national parks in the area. Yazoo city is a city in Yazoo County, Mississippi. It is the county seat of Yazoo County.
NOTES
A title search has NOT been performed on this item. CSAssets does not provide title insurance. If title insurance is desired, the buyer will be responsible for obtaining it through a Title Company. A document preparation fee of $200 will apply and will be included in the total of your invoice. Serious Bidders Only. A bid submitted by a potential Buyer is an agreement to our Terms. Potential Buyers should not bid unless the fully intend to complete the sale.
Item ID: Rhodes04
Owner Name: Gene Rhodes
