Watts Bar Lakefront Land Auction - 144 acres

Powell Auction & Realty, LLC

 

Date(s) 1/19/2017 - 2/28/2017

BIDDING ENDS: Tuesday, February 28th at 12:00PM

Past Auction
Online-Only Auction
Bidding Notice:

Online Bidding Only

Auction Information
Name Watts Bar Lakefront Land Auction - 144 acres
Auctioneer
Type Online-Only Auction
Date(s) 1/19/2017 - 2/28/2017
Auction Date/Time Info
BIDDING ENDS: Tuesday, February 28th at 12:00PM
Preview Date/Time OPEN HOUSE: Monday, February 20th from 12:00-5:00PM
Checkout Date/Time Closing to occur within 30 days of sale conclusion.
Location
Buyer Premium 10% Buyer's Premium
Description
REAL ESTATE AUCTION New Midway Road Kingston, TN 37763 ONLINE BIDDING ONLY BIDDING ENDS: Tuesday, February 28th at 12:00PM OPEN HOUSE: Monday, February 20th from 12:00-5:00PM +/- 144.03 Acres of Watts Bar Lakefront Land - Sold as one tract Property is accessed via a deeded ROW Over 6600 ft of Watts Bar Lake frontage adjoining TVA Trails and roads meandering throughout the property Approx. 144.03 acres Tax Appraisal: $1,866,400 Total Taxes: $684.31 Gorgeous views of the mountains and Watts Bar Lake Several homesite locations Pond on property
TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. Current taxes will be prorated at the the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. All properties are sold “AS-IS, WHERE-IS and WITH ALL FAULTS,” without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. NOTE: Buyer will have 90 days to reapply for green belt status. If the buyer does not reapply, then they will be responsible for paying the rollback taxes. New survey is being completed and will be charged to buyer at closing (not to exceed $10,000.00). ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
10% Buyer's Premium Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.