|3 Bedroom, 2 Bathroom, 1,949+/- sf Home on .31+/- Acres|
in Lewisburg, TN Zoned C-4 Residential and Commercial
|Date & Time:||Sold at Live Auction - October 11, 2012|
This 1,949+/- sf home on .31+/- acres in Lewisburg, TN was sold to the highest bidder from the premises at absolute auction. The 3 bedroom, 2 bathroom home, zoned C-4 for residential or certain commercial use, featured a detached one car garage/storage barn, ample parking, and front and back porches.
Gross Auction Sales: $66,000.00
Registered Bidders: 8
Dates and Times
Thursday, October 11th, 2012
From the Premises at 10:30 AM CT
From the Premises at 10:30 AM CT
Thu, October 11th, 8:30 AM - 10:30 AM CT
|Address:||1221 West Commerce Street, Lewisburg, TN 37091|
|Subdivision:||Highland Park Addition|
|Lot Size:||75' X 195' IRR|
|Zoning:||C-4 (Medical/Professional Office District) - Zoning allows for single-family residential, medical, dental or similar personal services and professional and business offices.|
|Area:||1,949+/- sf; additional 936+/- sf basement|
|Elementary School:||Marshall Elementary School, Oak Grove Elementary School, or Westhills Elementary School|
|Middle School:||Lewisburg Middle School|
|High School:||Marshall County High School|
|Electricity:||Lewisburg Electric System|
|Gas:||Lewisburg Natural Gas Department|
|Water:||Lewisburg Water and Wastewater|
|Wastewater:||Lewisburg Water and Wastewater|
|County Tax ID:||063L F 002.00|
Terms and Conditions
By participating in this auction the bidder agrees to the following terms and conditions:
- Auction Procedure:
The auctioneer shall offer the property to all registered bidders. Bidders may register by agreeing in writing to be bound by these real estate auction terms and conditions.
- 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.
- Absolute Auction:
The property will sell to the highest bidder, regardless of price.
- 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.
The purchaser shall submit a nonrefundable deposit to the appointed escrow agent in the amount of 10% of the purchase price immediately after being declared the high bidder.
The balance of the purchase price shall be paid at or before closing. Closing shall take place on or before November 8, 2012. The Escrow Agent will schedule and conduct closing.
- Escrow Agent:
The deposit, earnest and purchase monies in respect of the property shall be paid to and deposited with Marshall County Title & Escrow, Inc., Vicky Hay, Contact. (931) 359-0842. 118 Second Avenue South, Lewisburg, TN 37091.
Sellers shall provide a warranty deed.
- Title Insurance:
Buyer may purchase title insurance from the Escrow Agent at buyer's cost.
- Cash Sale:
This is a cash sale and is not contingent on purchaser's ability to obtain financing.
Purchaser will receive possession at closing.
- 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
Sale of the property is subject to any and all easements of record.
- No New Survey:
The property will be conveyed according to the existing legal description.
- 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.
- Personal Property:
No personal property shall be conveyed with the property unless specifically included in the agreement of purchase and sale.
McLemore Auction Company, LLC and its representatives are exclusive agents of the seller and are agents of no other party to this transaction.
- 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.
All announcements made on auction day supersede any prior oral or printed statements.
All decisions of the auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Seller reserves the right to deny any person admittance to the auction or expel anyone from the auction who attempts to disrupt it.
June Baldini and Gregory Lammert
In Conjunction With
|Contact:|| David Jent|
Phone Number: (931) 359-6631
Auction Agent for this PropertyPatti Baldini
Patti's Staff Page
locationPrimary filterBy2800 categoryReal-Estate-Residential--Single-Family-Home
Registered Bidders: 8
|Categories:||ALL ITEMS (1)|