Keywords:
0.48 +/- Acre Building Lot Located at 1356 Bellshire Terrace, Nashville, TN 37207
Date & Time: Sold Online - August 16, 2012
Location:

CLOSED AUCTION


Dates & Times Photos Categories Property Information Documents & Links Terms & Conditions
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This nearly half acre residential property will sell to the highest bidder regardless of price at absolute online auction. As the only undeveloped property in a bustling subdivision, this plot is ready for a new owner to come in and complete the neighborhood.

Gross Auction Sales: $3,080.00
Participating Bidders: 7

Dates and Times
Open Date
Wednesday, August 1st, 2012
Close Date
more info
Thursday, August 16th, 2012
Beginning at 10:00 AM CT

Photos

Categories

All
1 lot
Real Estate Residential
1 lot

Property Information
GENERAL INFORMATION
City: Nashville
County: Davidson
LAND INFORMATION
Subdivision: Bellshire Terrace
Lot Size: 0.48 +/- Acres
Zoning: R-10 - One And Two Family - (10,000 Square Foot Lot) Ov-Fld - Flood Overlay
SCHOOLS
Elementary School: Bellshire Elementary Design Center
Middle School: Madison Middle School
High School: Hunters Lane High School
UTILITES
Electricity: Electric service available. For more information on setup fees, please call Nashville Electric Service at 615-736-6900.
Water: Public water available. For more information on setup and tap fees, please call Metro Water Service at 615-862-4600.
Wastewater: Sewer tap available. For more information on setup and tap fees, please call Metro Water Service 615-862-4600.
TAXES
County Tax ID: 050-03-0-027.00
2011 Taxes: $222.50


Terms and Conditions
By participating in this auction the bidder agrees to the following terms and conditions:
  1. Auction Agreement:
    By submitting a bid in this auction, bidders agree to be bound by the terms and conditions of the sale as follows:
  2. Absolute Auction:
    The property will sell to the highest bidder, regardless of price.
  3. 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 for the property.
  4. Outbid Notification:
    Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid. After that, bidders may find out if they have been outbid by clicking the "Review Bids" button at the bottom of each page. Items the bidder is no longer winning will be marked with a red indicator.
  5. Auction Ending:
    Beginning at the stated closing time, the auction software will conclude bidding for the lot with the following exception: if a bid is placed in the last five (5) minutes remaining for that auction lot, bidding for that lot will remain open for an additional five (5) minutes.
  6. Agreement of Purchase and Sale:
    The purchaser(s) shall execute an agreement of purchase and sale, in the form provided by the auctioneer, without modification, immediately after being declared the high bidder.
  7. Payment:
    The purchaser(s) shall pay an amount equal to 15% of the total contract sales price to the Escrow Agent by 5:00 PM CT on August 20, 2012. The Escrow Agent shall accept the following forms of payment: cash, wire transfer, cashier's check, personal check, or company check. There may be a fee associated with payment of the deposit or purchase money by wire transfer. Contact the Escrow Agent if you intend to pay this way.
  8. Escrow Agent:
    The deposit, earnest and purchase monies in respect of the property shall be paid to and deposited with First Title and Escrow Company, Inc., Elizabeth Smith, Contact. 615-383-4429. 2000 Richard Jones Rd., Nashville, TN 37215.
  9. Deed:
    Sellers shall provide a warranty deed.
  10. Title Insurance:
    Sellers shall provide an owner's title insurance policy in the amount of the purchase price.
  11. Closing:
    The balance of the purchase price shall be paid at or before closing. Closing shall take place on or before September 14, 2012. The Escrow Agent will schedule and conduct closing.
  12. Closing Costs:
    At closing, Seller shall pay for its escrow and closing fees and all of the costs for preparation of all documents to convey the property. At closing, purchaser shall pay for its escrow and closing fees, any and all recording fees, and all other sale, financing or closing fees as required. Taxes shall be prorated to the date of closing.
  13. Cash Sale:
    This is a cash sale and is not contingent on purchaser's ability to obtain financing.
  14. Possession:
    Purchaser will receive possession at closing.
  15. As-Is Sale:
    The Purchaser shall accept the property in an as-is condition with all faults as of the closing date and the purchaser shall specifically agree that the seller has not and does not make any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser regarding the property or any improvements thereon. The property is selling subject to anything an accurate survey or personal inspection of the property may reveal, including any existing rights-of-way, easements or claims to easements, encroachments, rights or claims of parties in possession, restrictive covenants and easements, flood zones, zoning or subdivision regulations, building codes, governmental agencies regulations, environmental conditions, lead-based paint, asbestos, radon gas, hazardous materials, any mineral rights, water rights, riparian or littoral rights, and reservations or conveyances, if any. The purchaser shall have satisfied himself as to the location and condition of the property, and all descriptions thereof, before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was provided by the seller and is believed to be correct; however, neither the seller nor the auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information
  16. Easements:
    Sale of the property is subject to any and all easements of record.
  17. No New Survey:
    The property will be conveyed according to the existing legal description.
  18. Agency:
    McLemore Auction Company, LLC and its representatives are exclusive agents of the seller and are agents of no other party to this transaction.
  19. Equal Opportunity Clause:
    All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser's race, color, religion, sex, familial status, national origin, or physical handicap.
  20. Owner:
    Northpointe Bank
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Highlights:

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Gross Auction Sales: $3,080.00
Participating Bidders: 7
Categories: ALL ITEMS (1)
Notes:
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Bidder number Password