Keywords:
One Bedroom, One Bathroom, 756 +/- sf Home
in Sequatchie County, TN
Date & Time: Sold Online - September 6, 2012
Location:

CLOSED AUCTION


Dates & Times Locations Photos Categories Property Information Documents & Links Terms & Conditions
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This one bedroom, one bathroom, 756 +/- sf home in Sequatchie County, TN sold at absolute online auction. Situated on Signal Mountain, this property is only 15 miles from Chattanooga.

Gross Auction Sales: $20,130.00
Participating Bidders: 15

Dates and Times
Close Date
more info
Thursday, September 6th, 2012
Beginning at 10:00 AM CT

Locations
497 Pickett Road, Signal Mountain, TN 37377
497 Pickett Road Signal Mountain, TN, 37377
Browse 1 lot at this location

Photos

Categories

All
1 lot
Real Estate Residential
1 lot

Property Information
GENERAL INFORMATION
County: Sequatchie
LAND INFORMATION
Lot Size: 50' X 100' IRR
Zoning: There is no zoning in Sequatchie County
SCHOOLS
Elementary School: Griffith Elementary School
Middle School: Sequatchie County Middle School
High School: Sequatchie County High School
UTILITES
Electricity: Electric service available from EPB. Call (423) 648-1372 for more information on any setup fees.
Water: Water service available from Walden's Ridge Utility District. Call (423) 886-2683 for more information on any applicable setup or tap fees.
Wastewater: Septic
TAXES
County Tax ID: 092 088.00
2011 Taxes: $292.51


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. Auction Ending:
    Beginning at the stated closing time, the auction software will conclude bidding for the auction 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.
  5. 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.
  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 September 10, 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 Highland Title, LLC, Devon Sutherland, Contact. (615) 824-5613. 394 W. Main St. B-5, Hendersonville, TN 37075.
  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 October 5, 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:
    New Hope Construction, Inc.
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Highlights:

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Gross Auction Sales: $20,130.00
Participating Bidders: 15
Categories: ALL ITEMS (1)
Notes:
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Bidder number Password