Absolute Auction – Real Estate and Contents Selling Regardless of Price
March 10th, 2012
Mary Plantation – Like many Louisiana plantation homes, Mary began as a simple cottage around 1795 but by 1827 was expanded to reflect her occupants’ growing prosperity. The house is the oldest surviving structure in Plaquemines Parish – Braithwaite, Louisiana.
REAL ESTATE AUCTION INFORMATION: Please contact Michelle Leckert or Bettine Carroll at 800.467.5329 or 504.899.5329 for further details regarding the absolute real estate auction.
AUCTION LOCATION, DATE AND TIME: The auction will take place at Mary Plantation, 5539 Highway 39, Braithwaite, LA 70040, on Saturday, March 10, 2012 at 12 noon.
PROPERTY TOURS: An auction representative will be available onsite beginning March 6, 2012 through auction day, from 10:00 am CST to 2:00pm CST.
PROPERTY INFORMATION PACKAGE: An extensive Property Information Package (PIP) has been prepared to assist buyers in evaluating this property. The PIP will be available to registered bidders.
AUCTION REGISTRATION: A cashier’s check in the amount of $50,000 made payable to the bidder, or personal or company check accompanied by a Bank Letter of Guaranty will be required to register to bid. The required cashier’s check or bank guaranteed check will be held by Neal Auction until close of auction. Checks will be returned to unsuccessful bidders only after the auction is completed. Registration begins at 9:00am on March 6, 2012.
BUYER’S INCENTIVE: A buyer’s opening bid incentive is available to bidders who register according to the Buyer Incentive Guidelines. Buyer Incentive forms are available from Neal Auction. Forms must be completed and returned to Neal Auction no later than 48 hrs prior to the auction.
BROKER PARTICIPATION: Broker participation is invited and welcomed. Up to a 3% commission will be paid to any licensed buyer’s broker who registers, the successful buyer according to the Broker Participation Guidelines. Broker Participation forms are available from Neal Auction. Forms must be completed and returned to Neal Auction no later than 48 hrs prior to the auction.
TERMS: A ten-percent (10%) down payment or %50,000, whichever is greater, will be due immediately after being declared the buyer. The balance is due in cash at closing within 30 days of the auction date.
BUYER’S PREMIUM: A ten-percent (10%) Buyer’s Premium will be added to the high bid price to arrive at the total contract price paid by the purchaser.
CONTENTS AUCTION INFORMATION: All items are sold “as-is,” “where-is” and are subject to a twenty-percent (20%) Buyer’s Premium. All bidders are required to pay a non-refundable Paddle/Registration Fee, applicable toward purchases. All bidders not accredited by Neal Auction are expected to provide a major credit card and a valid driver’s license or state ID for registration. A bank letter of guaranty must be provided for payments made by check. buyers are responsible for removal of all purchases immediately following the auction.
NO MINIMUM – NO RESERVE
The interior of the main home is approx. 2,400 square feet. The carefully restored home showcases modern conveniences including central heat and air. The upper story features 3 bedrooms and 2 full baths. The lower story includes an upscale modern kitchen, 1/2 bath, dining room, living room and study.
Mary is listed on the National Register of Historic Places and was meticulously recorded for the Historic American Buildings Survey (HABS).
Before a grove of ancient soaks on approximately 7.5 acres of high ground on the east bank of the Mississippi River in Plaquemines Parish, just 22 miles downriver of New Orleans, sits Mary. Located in a Sportsman’s Paradise, this 18th c. home is just minutes from some of the most fertile fishing and hunting areas in the country.
Typical of an early Louisiana French Creole planter’s home, Mary’s plan consists of an upper story supported on a tall raised basement of 16″ thick brick. Each story is comprised of two large front rooms, and two smaller rooms flanking a small entry area with a stairwell in the rear. The roof is constructed with cypress timbers pegged together to form a colombage frame supporting slate tile. The upper and lower stores are wrapped by broad galleries supported by cypress posts above and concrete columns beneath.
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