Looking for a spacious family home or investment property in Brandon, MS? The house at 515 Belle Oak Place is coming up for auction, offering four bedrooms, two bathrooms, and a lot size of 0.28 acres. This Second Chance auction gives buyers the opportunity to purchase this home at a discount, with an opening bid of $190,000.
Property Overview
Basic Details
- Address: 515 Belle Oak Place, Brandon, MS 39042
- Type: Residential (Single-Family)
- Year Built: 2013
- Size: 1,912 square feet
- Bedrooms: 4
- Bathrooms: 2
- Lot Size: 0.28 acres
Auction Information
- Opening Bid: $190,000
- Auction Dates:
- Starts: Monday, January 20, 2025, at 9:00 AM CT
- Ends: Wednesday, January 22, 2025, at 10:50 AM CT
- Pre-Auction Offers: The seller is open to offers before the auction with a signed contract and earnest money deposit.
Key Auction Details
- Cash-Only Transaction
Buyers must pay in full. Proof of funds or pre-qualification is required within 24 hours of the auction. - As-Is Sale
The property is sold as-is, meaning buyers take on any risks with the current condition. - Closing Requirements
Buyers must complete the purchase within 30 days of the seller’s acceptance of the offer. - Occupied Property
The home is currently occupied. Buyers will be responsible for managing the occupancy after the sale.
Important Buyer Responsibilities
- Fees and Closing Costs: Buyers pay escrow and closing fees, typically $750–$3,000.
- Utility Transfers: Utilities are currently off and must be transferred by the buyer after closing.
- Eviction or Lease Management: Buyers must handle any tenant or occupant issues.
- City Certifications: Buyers must obtain occupancy certification from Brandon, MS, at their expense.
Special Features of This Auction
This property is part of a Second Chance Auction, which means it’s available at a discounted price after not selling in a previous foreclosure auction. No buyer’s premium or auction service fees apply, making this an affordable opportunity.
Considerations for Buyers
The house at 515 Belle Oak Place offers a great opportunity, but there are a few things to keep in mind:
- No Inspections Allowed: As the property is occupied, no public inspections are permitted before the auction.
- Condition Unknown: The house is sold as-is, so there may be defects or issues not visible from outside.
- Lot and Size Variances: Measurements provided are from public records and may vary slightly
This four-bedroom, two-bathroom home is a perfect chance to secure a property in Brandon, MS. Whether you’re looking for a family home or an investment, the discounted price and no buyer’s premium make it appealing. However, buyers must be ready for a cash-only purchase, manage post-sale responsibilities, and work within the as-is terms. If you’re prepared to act quickly, this could be the right opportunity for you!
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