458 Acres in Scott County, TN

Powell Auction & Realty, LLC

 

Date(s) 9/10/2018 - 9/27/2018

Bidding Begins: Monday, September 10th at 10:00AM Bidding Ends: Thursday, September 27th at 12:00PM

Past Auction
Online-Only Auction
Bidding Notice:

Online Bidding Only

Auction Information
Name 458 Acres in Scott County, TN
Auctioneer
Type Online-Only Auction
Date(s) 9/10/2018 - 9/27/2018
Auction Date/Time Info
Bidding Begins: Monday, September 10th at 10:00AM Bidding Ends: Thursday, September 27th at 12:00PM
Preview Date/Time Property is availabe for inspection at your leisure, look for tract markers
Location
Buyer Premium 10% Buyer's Premium
Description
ONLINE ONLY REAL ESTATE AUCTION Selling Absolute, to the highest bidder! BIDDING ENDS: Thursday, September 27th at 12:00PM +/- 458 acres located in Huntsville, TN (Scott County) - Offered in 8 tracts or as a whole Selling on behalf of the Theora York Estate Active Oil Leases in Place Gorgeous property with many uniques features, including: a cave, oil wells, creeks, and several roads for navigating the property! You can own your very own park for hunting, camping, ATV riding, horse back riding, or to build a secluded wooded estate Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price. All mineral rights will be transferred by quit claim deed.
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 price. US currency cash or approved check. The balance is to be paid in full at the deed closing within 30 days. Joseph Coker, Attorney, to conduct the closing. Current taxes will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Customary Title Company closing cost to be split between buyer & seller, unless otherwise specified. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. All mineral rights will be transferred by quit claim deed. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). 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 & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Acreage and property description is derived from survey from Crutchfield & Associates. ONLINE Auction Terms: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. 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. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. By bidding you understand the auction terms and will abide by them, you are certifying that you have sufficient funds for the deposit Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price
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% deposit .Payment must be made within 48 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.