PROPOSED SALE OF REAL PROPERTY
Greene County Arkansas
Notice is hereby given that the Arkansas Department of Transportation (ARDOT) will offer the following property for sale:
The property address is 5401 Woodbury Cove, Paragould, Arkansas.
This property appraised for $465,000.00 on July 14, 2022.
Note: This property will be sold AS IS, WHERE IS.
The subject property is on the north side of Woodbury Cove with access from Woodbury Cove and identified as Lot 13 of Bronze Leaf Estates 1. The property is currently zoned R-1, Residential, by the City of Paragould, AR. The subject property has a total area of 1.02 Acres. The subject property has a one-story residence with a basement, with a combined total area of 5,048 square footage. The dwelling has four bedrooms and four and one-half baths. The dwelling is equipped with a concrete wall safe room. The property has all city utilities available.
The dwelling has been vacant for approximately five years. The utilities were turned on and the dwelling was inspected on July 14, 2022. The HVAC system would not respond. The water heaters were disconnected, and power turned off, prior to the water system being charged. There were no other issues noted at that time. This sale is subject to approval by the Arkansas Highway Commission. The purchaser will be required to pay a deposit / earnest money in the amount of $3,500.00. The deposit will be due within 5 days from the end of the auction. The remaining balance will be due within 30 days after the Commission has approved the sale.
Interested buyers may submit an offer by mail, hand delivery, email, or other means (FedEx, UPS, etc.).
All email offers will need to be sent to katharine.gilbertson@ardot.gov.
If mailing or using a courier to submit an offer, please send the offer to the address list below.
Arkansas Department of Transportation
P.O. Box 2261, Right of Way Division, Rm. 702
Little Rock, AR 72203-2261
Attn: Property Management – Tract 59X
The Arkansas Department of Transportation reserves the right to reject any and all offers.
For more information, please contact the ARDOT Property Manager, Katie Gilbertson at (501)569-2317.
Survey – Tract 1 only
