LOT 1

This auction is for lot 1 in Oak Creek Subdivision.  Located in Northport, Alabama.  Lot 1 size is .67 acres = 29,185 sf.  Please take the time to read all the details below for this listing and feel free to e-mail or call us with any questions (contact information listed below).        

Location:  Elam Drive and Elam Circle - Northport, AL 35475

Descriptive: The entrance to Oak Creek is located approximately 1.08 miles north of the intersection of Mitt Lary Road and Frank Lary Road in the police jurisdiction of Northport, just north of the incorporated city limits. The interior subdivision roads include Elam Drive, Elam Circle and Elam Lane.

Zoning: Unzoned

The subject site is un-zoned.  Therefore, there would be limited legal constraints against use of the subject property except as prohibited by environmental regulations and deed restrictions.  Within this context there are a variety of legal uses.

Real Estate Taxes:

Commercial or investment grade real property located in Tuscaloosa County is assessed at 20% of the Assessor's appraised valve.  The tax rate for 2015 for Tuscaloosa is 27.00 per $1,000 of assestment.  No change is expected for the next calendar year.  According to the Tuscaloosa County Tax Assessor's Office the subject and real estate is assessed as follows:

• Tax Parcel I.D. # 63-20-02-09-0-001-036.001
• Subject address: Oak Creek Subdivision; Phase 2 - Northport, AL 35475

Identification of the Property

The subject involves six (6) residential subdivision lots highlighted and identified in the following plat map and located in Phase 2 of the Oak Creek Subdivision, Northport, AL 35475.  The main entrance is off of Frank Lary Road approximately 1.08 miles north of the intersection of Mitt Lary Road and Frank Lary Road in the police jurisdiction of Northport, just north of the incorporated city limits.  The interior subdivision roads include Elam Drive, Elam Circle and Elam Lane.  On the date of inspection all of the subject lots were vacant and available.

Subject Plat Map

Legal Description

Lots 1, 8, 9 & 10 of Oak Creek Subdivision No. 2, a map of plat of which is recorded in Plat Book 2005, at Pages 216 and 217 in the probate office of the Tuscaloosa County, Alabama.

Lots 3 and 4 Resurvey of Lots 3,4,5,7,20,21,31 and 32 of the Oak Creek Subdivision No. 2, a map or plat of which is recorded in Plat Book 246 and 247 in the probate office of the Tuscaloosa County, Alabama.

** Bidder needs to avail themselves of the opportunity to inspect the property and to verify all zoning and ordinances, and anything else that pertains to their decision to purchase this property.  It is buyer's responsibility to check all subdivision by-laws and covenants.  All properties sell as/is where is, with all faults.        

• - 5% buyers fee to be added to the winning bid to arrive at the final bid price
• - Buyer to pay all closing cost
• - 20% earnest money to be paid within 48 hours upon being awarded the winning bid
• - Payable by cashier's check or bank wire
• - Closing will be at Alabama One Credit Union within 30 days of ending of auction
•  - Click Here for Terms & Conditions for this sale

Contact Information

• You can contact us by phone at (205) 758-3068
• You can contact us via e-mail at Southeastauction@aol.com