| Notes: | Absolute Auction
Inspection DatesSunday, May 16 from 1:00 PM to 4:00 PM CT
Saturday, May 22 from 8:00 AM to 10:00 AM CT
|
Property Details LAND INFORMATION | Area:
| 9.176 +/- Acres
| Zoning:
| No Zoning
|
HOME INFORMATION | Area:
| 2,408 square feet (measurement taken from appraisal)
| Stories:
| Two stories.
| Year Built:
| 1998
| Logs:
| 8" pine logs.
| Floors:
| 5" plank pine floors. 6" plank pine floors in loft.
| Kitchen:
| Custom pine cabinets. Maytag refrigerator / freezer with icemaker. Maytag electric range and oven. Maytag microwave. Maytag refrigerator. Garbage disposal.
| Utility Room:
| Adjacent to kitchen. Washer and dryer hookups. Security system control box.
| Master Bedroom and Bathroom:
| Two closets. Pedestal sink. Jacuzzi tub. Separate shower.
| Loft:
| Access to balcony.
| Heat:
| Central. Propane powered.
| A/C:
| Central. Electric powered.
|
DETACHED GARAGE AND OFFICE INFORMATION | Area:
| 40' X 60'
| Manufacturer:
| Cleary Building Corporation
| | Year Built: | 2002 | | Heating: | Propane heater in office. | | Insulation: | Office insulated with fiberglass insulation, 1/2" OSB, and 1/2" drywall. Remainder insulated with fiberglass insulation. | Garage Doors:
| Five garage doors total. Three 7.5' height doors, two 12' height doors. One 7.5' door has automatic opener. One 12' door has automatic opener.
| Floor:
| Concrete slab.
| Office and Bathroom Area:
| Detached Garage includes finished office measuring 14' 7" x 15' 1" and full bathroom measuring 6' 11" x 11' 6".
| Covered Porch:
| Large porch adjacent to garage. Covered with steel roof.
| Concrete Pad:
| Concrete apron adjacent to 7.5' garage doors.
| Other Amenities:
| Utility sink. Loft above office and bathroom with stairs for access.
|
SHOP INFORMATION | Area:
| 30' X 50'
| Year Built:
| 2007-2008.
| Floor:
| Gravel.
| Utilities:
| Electric service present in shop with multiple outlets.
| Amenities:
| Built-in benches, pegboard, shelving.
| STUDIO INFORMATION | Area:
| 15' X 15'
| Amenities:
| Includes half bathroom with antique door.
| RV HOOKUP INFORMATION
| Electric Service:
| 50 amp service in garage. Additional 50 amp service outside garage.
| Water:
| Available inside and outside garage.
| OTHER AMENITIES
| Gardens:
| Irrigated gardens and landscaping througout property. Landscaping includes cross ties.
| Walkways:
| Concrete walk from home to garage.
| Fans:
| Ceiling fans throughout property.
| Fire Suppression:
| Fire extinguishers throughout property.
| Ornithological Habitat:
| Birdhouses throughout property.
| TAXES
| County Tax ID:
| 018 053.07
018 053.08
018 053.09
018 053.11
| 2009 Taxes:
| 018 053.07 - $754.11
018 053.08 - $14.30
018 053.09 - $52.54
018 053.11 - $14.30
|
McLemore Auction Company, LLC is pleased to offer buyer broker participation for this auction. Buyer brokers will be paid up to 3.00% of the sales price of the property. In order to qualify, buyer brokers must:- Return the Buyer Broker Registration Form via fax at 615-379-2263 or email will@mclemoreauction.com at least 24 hours before the auction; and
- Attend the auction with his or her client, who must be the high bidder at the auction and who must subsequently close on the property.
|
Terms and Conditions| 1. | 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.
| 2.
| Agreement of Purchase and Sale: The purchaser shall execute an agreement of purchase and sale, in the form provided by the auctioneer, without modification, immediately after being declared the high bidder. | 3.
| Absolute Auction: The property will sell to the highest bidder, regardless of price. | 4.
| Deposit: 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. | 5.
| Closing: The balance of the purchase price shall be paid at or before closing. Closing shall take place on or before June 22, 2010. The escrow agent will schedule and conduct closing. | 6.
| Escrow Agent: The deposit, earnest and purchase monies in respect of the property shall be paid to and deposited with Paramount Title Services, LLC, Lisa Cox, Contact. 931-456-8080. 45 Peavine Plaza Ste 103, Crossville, TN 38571.
| 7.
| Deed: Sellers shall provide a warranty deed. | 8.
| Title Insurance: Sellers shall provide an owner's title insurance policy in the amount of the purchase price. | 9.
| Closing Costs: At closing, Seller shall pay for half of the escrow and closing fees,all of the costs for preparation of all documents to convey the property and the entire premium for the owner's policy of title insurance. At closing, purchaser shall pay for half of the 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. | 10.
| Cash Sale: This is a cash sale and is not contingent on purchaser's ability to obtain financing. | 11.
| Possession: Purchaser will receive possession at closing. | 12.
| 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. | 13.
| Easements: Sale of the property is subject to any and all easements of record. | 14.
| No New Survey: The property will be conveyed according to the existing legal description. | 15.
| Personal Property: No personal property shall be conveyed with the property unless specifically included in the agreement of purchase and sale. | 16.
| Agency: McLemore Auction Company, LLC and its representatives are exclusive agents of the seller and are agents of no other party to this transaction. | 17.
| 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. | 18.
| Announcements: All announcements made on auction day supersede any prior oral or printed statements. | 19.
| Miscellaneous: 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.
| 20.
| Owners: Gary W. and Sheila N. Rose
|
Directions105 McCormick Lane, Crossville, TN 38571For directions from your location click here and then follow the instructions.
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