Auction Information
Name Lots near Tennessee River
Auctioneer
Type Online-Only Auction
Date(s) 2/14/2021 - 3/9/2021
Location
Buyer Premium 10% of the Bid Amount will be added
Description
Two Lots near Tennessee River Bid on One, Two or Both! These lots are located on Toms Creek Lake Road - 1,250' from the Tennessee River (straight line measurement). These lots DO NOT have river frontage or a river view. The lots combined are shown as having 294' of road frontage. Each lot is being offered individually and then together as a whole. Lot 13 is bidding lot #1 Lot 14 is bidding lot #2 Bidding lot #3 is both lots combined. The storm of 2020 left a mess on these lots, but with a little cleanup work, these lots could be made beautiful. Have you dreamed of a cabin or getaway place near the Tennessee River? If so, take a look at these lots and this location. There are some very nice new homes being built very near this location. Utilities available - Electricity and Public Water Directions: Take Hwy 13 from Interstate 40 or Hwy 100 to Hwy 438 West. Go into Pineview and stay on Toms Creek Road. After you pass Lower Roans Creek Road, take the first right onto Toms Creek Lake Rd. The lots selling at auction are located on the RIGHT just beyond Lake View Cove - see Auction Signs. For more information, call Heath Curfman - 931-628-2985 Opening Bid - $5,000.00 (each lot) Bidding increments are set a minimum of $500 (but bidders may bid more). Bidding ends on Tuesday, March 9th at 6pm
PROCEDURE: The property will be offered individually and as a whole - 1.88 acres total DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. Reserve Auction BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer. CLOSING: Closing shall take place 30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed. POSSESSION: Possession will be given at closing - Date of Deed. TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE. REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. EASEMENTS: Sale of said property is subject to any and all easements of record. SURVEY: No new survey - Selling per existing deed. AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller. ZONING: Currently, the property is Residential UTILITIES: Water - Electricity DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 2,000,000.00 500.00 USD
2,000,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% of the Bid Amount will be added
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.