MAGNOLIA, MS ESTATE AUCTION THIS UNIQUE ESTATE OFFERS ENDLESS POSSIBILITIES. - Jeff Martin Auctioneers, Inc.
MAGNOLIA, MS ESTATE AUCTION THIS UNIQUE ESTATE OFFERS ENDLESS POSSIBILITIES.
Completed
Start Time:9/28/2023 3:00:00 PM
End Time:9/28/2023 11:00:00 PM
Bid Count:0
Leading Bidder:
Opening Bid:$5.00
Bid Increment:$5.00
Ring:RING 1
Opening Bid:$5.00
Bidding complete
Watching:1
REAL ESTATE LISTING TYPE EXISTING HOME, 1010 UNION CHURCH RD, MAGNOLIA, MS., COUNTY PIKE, Magnolia, MS Estate Auction This unique estate offers endless possibilities. This professionally managed 47-acre property is located east of Magnolia, Mississippi is in the heart of the south. As you enter the grand entrance, you’ll be greeted by a stately southern mansion that sits atop a hill overlooking the western lawn.  The property is perfect for hosting lavish events with a covered pavilion, an Olympic-sized pool, a poolside cabana, and ample space for entertaining guests. The 10-stall barn is perfect for horse enthusiasts and features an LED-lit riding arena, while the stocked ponds offer the perfect setting for fishing enthusiasts. Plus, a 3-bedroom 2 bath guest house offers you your privacy. One of the most notable features of this estate is the potential for oil drilling, as it sits on the marine shell play. According to the previous owner, LSU shows that there are approx. 7 billion in reserves in the Marine Shell Play marking it an attractive investment for those looking for potential future gains. 50% mineral rights will convey with geological studies in hand, and a mineral report available. The land has never been used for commercial purposes. BONUSES: The owner's willingness to sell adjoining parcels that include river frontage, managed timber, multiple houses, stocked ponds, and multiple commercial parcels that front Highway 48 and Union Church Road. This means that the potential uses of this estate are limited only by the imagination of the new owner. Overall, this property offers a unique blend of luxury and functionality. Whether you're looking for a quiet retreat, an extraordinary bed and breakfast, a corporate retreat center, or a wedding venue that wows, this estate has something for everyone. Don't miss out on this once-in-a-lifetime Opportunity. Bidding ends on September 28th 6pm CST. Visit 1010 Union Church Rd, Magnolia, MS. FEATURES: 10,000 sq.ft. of living space 10 bedrooms, 15 full baths, 2 ½ baths 3 car garage 2 kitchens Walls of Windows Brick Floors Exposed Beams Pipe Fence 1 ½ hours from New Orleans 1 ½ hours from Hattiesburg 2 hours from Biloxi 47 acres Don't want to wait until the auction to own this beautiful property? Pre-Auction offers will be considered!This auction is held in conjunction with Jeff Martin Realty.Bonnette Auctions is owned by a licensed real estate professional.

Magnolia, MS Estate Auction

This unique estate offers endless possibilities. This professionally managed 47-acre property is located east of Magnolia, Mississippi is in the heart of the south. As you enter the grand entrance, you’ll be greeted by a stately southern mansion that sits atop a hill overlooking the western lawn. 
 
The property is perfect for hosting lavish events with a covered pavilion, an Olympic-sized pool, a poolside cabana, and ample space for entertaining guests. The 10-stall barn is perfect for horse enthusiasts and features an LED-lit riding arena, while the stocked ponds offer the perfect setting for fishing enthusiasts. Plus, a 3-bedroom 2 bath guest house offers you your privacy.
 
One of the most notable features of this estate is the potential for oil drilling, as it sits on the marine shell play. According to the previous owner, LSU shows that there are approx. 7 billion in reserves in the Marine Shell Play marking it an attractive investment for those looking for potential future gains. 50% mineral rights will convey with geological studies in hand, and a mineral report available. The land has never been used for commercial purposes.
 
BONUSES:
 
The owner's willingness to sell adjoining parcels that include river frontage, managed timber, multiple houses, stocked ponds, and multiple commercial parcels that front Highway 48 and Union Church Road. This means that the potential uses of this estate are limited only by the imagination of the new owner.
 
Overall, this property offers a unique blend of luxury and functionality. Whether you're looking for a quiet retreat, an extraordinary bed and breakfast, a corporate retreat center, or a wedding venue that wows, this estate has something for everyone. Don't miss out on this once-in-a-lifetime Opportunity. Bidding ends on September 28th 6pm CST. Visit 1010 Union Church Rd, Magnolia, MS.
 

 

 

Buyers Premium is added to the high bid price on each item. 12%

PAYMENT IS EXPECTED DAY OF AUCTION OR AT RECEIPT OF INVOICE

Inspection & Preview Days: Inspection is by appointment only.  Contact our office for appointment. 601-450-6200

All items must be removed by appointment only

PICK UP AND STORAGE- All items must be removed by date announced at the beginning of the auction and/or date stated on purchase invoice.  Items not removed by storage date are subject to a $100 per day/per item storage fee.  The auction company reserves the right to sell item at auction for storage cost.  Please contact office if you need to make special arrangements for pick up after date.

Online Bidders will be required to:

Email a copy of valid photo ID

Speak with online agent at 601-450-6200 via the telephone number you provided during online registration

Make the full deposit specific to the auction in which you are bidding.

Local State, City, and County sales tax applies to all purchases.

If you are buying for resale or export, we must have documentation of proof before sales tax is waived.  

ALL NEW INTERNATIONAL BIDDERS MAY BE REQUIRED TO DEPOSIT $10,000 USD.  ALL NEW DOMESTIC BIDDERS MAY BE REQUIRED TO DEPOSIT $1000 USD BIDDING IN PERSON. CREDIT CARD DEPOSITS WILL BE HELD UP TO (5) BUSINESS DAYS AFTER AUCTION.

AT AUCTIONEER’S DISCRETION, A BANK LETTER AND PREVIOUS PURCHASE HISTORY WITH ANOTHER AUCTION COMPANY MAY BE ACCEPTED IN LIEU OF DEPOSIT

 BUYERS RESPONSIBILITIES: All items are sold “as is, where is” with no guaranties, or warranties as to condition, value, merchant-ability, safety, or usability. The item will be considered sold without any exceptions upon the final gavel by the auctioneer. Possession will be obtained upon proper settlement. Purchaser will be responsible for the removal, insurance, breakdown, arranging, shifting, loading, and securing of load for any items purchased. It is the buyer’s responsibility to have inspected the item and determined the condition, year, model, serial number and mileage of the item from your inspection. Jeff Martin Auctioneers reserves the right to capture your balance due on your invoice to the credit card given via the auction deposit if the invoice is not paid in full within 48 hours of auction completion.

Other Fees that may apply to purchases

$75 Documentation fee is charged to each titled item

 

  • Titles can only be handed out the day of auction if customer pays with cash, cashiers check or wire transfer.

$50 Trauma Fee for all ATV’s, Motorcycles, Go-Karts and altered golf carts (Fee only charged on items sold in the state of Mississippi)

Auction Company reserves the right to remove items from auction or skip items once auction has begun.  In the event an item is removed from auction or skipped, and pre-bids/absentee bids are void.  All announcements made by auctioneer shall supersede any printed material

Payment Procedures: We gladly accept Visa, MasterCard, American Express and Discover however, a 3% fee will be added to the invoice total. We accept cashier’s check, wire transfer, or other checks accompanied by a bank letter of guarantee made payable to Jeff Martin Auctioneers, Inc.

 Bidder agrees to pay for purchases, and Bidder represents that he/she has funds necessary for such payment.

Complete payment is due on date of sale with cash, cashier’s check, credit card, wire, or other checks accompanied by a bank letter of guarantee made payable to Jeff Martin Auctioneers, Inc. All items must be paid in full before bidder leaves the premises. No items will be removed from the premises until payment is made in full. Payment not made as described above will be subject to late fees, penalties and interest plus expenses related to collection cost. Any balance due the day after the final removal date noted on the invoice will be paid by purchaser at a rate of 18% per annum. NO EXCEPTIONS. If Bidder fails to pay for any or all purchases, for whatever reason, including an insufficient check or a stopped check, Jeff Martin Auctioneers, Inc shall have the cumulative rights set forth in the complete Rules of Auction. Jeff Martin Auctioneers, Inc will contact District Attorney for any checks that are returned for insufficient funds or closed account and proceed with all necessary legal action as needed for collection and or prosecution.  Jeff Martin Auctioneers, Inc reserves the right to revoke bidding privileges at any time. 

By agreeing to the terms of the auction the bidder does authorize Jeff Martin to capture the balance due on my invoice and charge the credit card used for the auction deposit if the invoice is not paid in full within 48 hours of auction completion.

For online bidders who do not pay within 2 business days of auction will be considered slow to pay and the auction company reserves the right to require deposit to bid or ban that buyer from bidding at any future auctions. 

Injury and Damage: Bidder acknowledges responsibility for any personal injury or property damage caused by bidder, bidder’s guests, or agents. Bidder agrees to hold Jeff Martin Auctioneers, Inc harmless from any personal injury to himself or his agents and any property damage incurred on auction premises. Bidder releases Jeff Martin Auctioneers, Inc and the seller from any and all liability connected with the removal and transportation of purchases and any and all future uses for the goods purchased herewith.

Additional Auction Terms:

TIMED ONLINE AUCTION TERMS- Jeff Martin Auctioneers, Inc and its Employees act merely as agents of sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed. Additionally, bids may be placed at some auctions by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve. All final bids are subject to the seller’s confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Jeff Martin Auctioneers, Inc and its Employees or any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features, and other data pertinent to the value of the item. ALL ITEMS ARE SOLD AS –IS WHERE-IS.

LIVE / SIMULCAST AUCTION TERMS- Jeff Martin Auctioneers, Inc and its Employees act merely as agents of sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed. Additionally, bids may be placed at some auctions by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Jeff Martin Auctioneers, Inc and its Employees or any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features, and other data pertinent to the value of the item. ALL ITEMS ARE SOLD AS –IS WHERE- IS

Auctioneer will not split invoice to multiple invoices.  Auctioneer will not release any items until invoice or invoices are paid in full.

THERE WILL BE A HANDLING FEE OF A MINIMUM OF $25 PER ITEM FOR ANY HANDHELD ITEMS THAT CAN BE LOADED IN A PASSENGER VEHICLE WITHOUT ASSISTANCE THAT ARE REMOVED FROM THE AUCTION SITE BY JEFF MARTIN AUCTIONEERS AFTER THE PICKUP DEADLINE.  PALETTIZING AND SECUREMENT WILL COST A MINIMUM OF $250.00.  IF COMMON CARRIER FREIGHT IS REQUIRED IT WILL BE BILLED AT COST PLUS 30%. BUYER WILL BE RESPONSIBLE FOR PAYING THESE FEES BEFORE PICKING UP ITEMS.

1010 UNION CHURCH ROAD
MAGNOLIA, Mississippi 39652
United States

REMOVAL: PLEASE CHECK EACH DESCRIPTION FOR DETAILS ON REMOVAL.

ALL ITEMS MUST BE REMOVED BY (ENTER DATE HERE)