Keywords:
2.50 +/- Acre Tract in Franklin County, TN
Date & Time: Sold Online - November 15, 2012
Location:

CLOSED AUCTION


Dates & Times Locations Photos Categories Property Information Documents & Links Terms & Conditions
featuredImage
2345
This 2.50 +/- acre tract located along the Sewanee Highway in Franklin County, TN will sell to the highest bidder regardless of price at absolute online auction.

Gross Auction Sales: $5,170.00
Participating Bidders: 15

Dates and Times
Close Date
more info
Thursday, November 15th, 2012
Beginning at 10:00 AM CT
Inspection Date
By appointment only.
Contact Patti Baldini at (615) 500-4917 to schedule an appointment.

Locations
2.50 +/- Acre Tract in Franklin County, TN
2.50 +/- Acre Tract in Franklin County, TN
Browse 1 lot at this location

Photos

Categories

All
1 lot
Real Estate Residential
1 lot

Property Information
GENERAL INFORMATION
County: Franklin
LAND INFORMATION
Area: 2.50 -/+ acres
Zoning: R-2, General Residential
Driveway Permit: There is no charge for a residential driveway permit. A driveway permit has not yet been applied for on this property. If the property owner would like to acquire a permit, he or she should contact Landon T. Castleberry in the Region 2 office. His phone number is 423-510-1208.
Set Back Requirements from Sewanee Highway: 50'
Set Back Requirements for Back of Lots: 30'
Set Back Requirements for Side of Lots: 25'
SCHOOLS
Elementary School: Sewanee Elementary School
Middle School: South Middle School
High School: Franklin County High School
UTILITIES
Electricity: Electric service is available from The Winchester Power System. Call 931-967-2238 for more information on prices and any applicable setup fees.
Water: Contact Nance's Well Drilling at 931-779-3484 for information on the cost of drilling a well.
Wastewater: This property has not been tested for septic suitability.
TAXES
County Tax ID: 079 010.00
2011 Taxes: $485.82


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 10% of the total contract sales price to the Escrow Agent by 4:00 PM CT on November 16, 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 Sovereign Title and Escrow, LLC, Brenda Wells, Contact. (931) 967-6100. 305 1st Avenue Southeast, Winchester, TN 37398.
  9. Deed:
    Sellers shall provide a warranty deed.
  10. Title Insurance:
    Purchaser may purchase title insurance from the Escrow Agent at purchaser's cost.
  11. Closing:
    The balance of the purchase price shall be paid at or before closing. Closing shall take place on or before 4:00 PM on November 26, 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. Owners:
    Matthew Slade Meador and Jennifer Burnett Meador

Auction Agent for this Consignment
Patti Baldini
615-500-4917
patti@mclemoreauction.com
Patti's Staff Page
locationPrimary filterBy2869 category--
Highlights:

1234

Gross Auction Sales: $5,170.00
Participating Bidders: 15
Categories: ALL ITEMS (1)
Notes:
48c4e05d08b643d09c64ec9a7e640cc5
Bidder number Password