Heartland Real Estate and Auction

 

Date(s) 6/18/2024 - 6/27/2024

Bidding opens Tuesday, June 18th at 10am and begins to close Thursday, June 27th at 10am

Online-Only Auction
Shipping Not Available
Bidding Notice:

This is an internet only auction. All bidding will take place online. Buyer to verify all pertinent information and to complete their own due diligence. Selling "AS IS" "WHERE IS." 10% buyer premium added to establish final sale price.

Auction Notice:

Thank you for your interest in our auction! Contact the Auctioneer, Jason Martin (615)735-7778 or the Referring Agent, Shane Jones 615-489-5781 with any questions or concerns.

Auction Information
Name Home, Lot, Storage Building -154 Church Ave, Watertown, TN
Auctioneer
Type Online-Only Auction
Date(s) 6/18/2024 - 6/27/2024
Auction Date/Time Info
Bidding opens Tuesday, June 18th at 10am and begins to close Thursday, June 27th at 10am
Preview Date/Time Preview Day will be Thursday, June 20th from 2 to 5pm at 154 Church Ave, Watertown, TN 37184. To view the home outside of this date/time contact the auctioneer 615-735-7778
Checkout Date/Time Winning bidder will have 10 days (until July 6th) to remove the storage building (cost of removal is the responsibility of the buyer). Payment due by 6/28/24. Winning bidder of home & lot will pay a 20% deposit within 24hrs of the auction's end. Balance due within 30 days at closing.
Location
Buyer Premium There will be a 10% buyer's premium.
Description
Absolute Online Only Auction of 154 Church Ave, Watertown, TN. 1025sqft, 2 bed, 1 bath brick home on 0.365+/-acre lot - a 0.309+/-acre building lot - both on city sewer - and a storage building being sold separately. This house is a great fixer upper/ flip!! It also has great rental potential! Just minutes from Watertown High School and the Watertown square. The property also has a level vacant lot selling separately that would be a great place for a custom home or a speculation investment home. Both properties have great potential and are selling at online only ABSOLUTE AUCTION!
Winning Bidder(s) of the home and lot will sign the purchase and sale agreement and place a 20% non refundable deposit as earnest money to Heartland Real Estate & Auction within 24 hours from the close of this auction, with balance due at closing. Winning bidder of the storage building will pay in full by 6/28/24 and have until 7/6/24 to remove the building. All costs associated with removal are the responsibility of the buyer. Heartland Real Estate & Auction are agents for the seller, bidders are representing themselves. This sale is final with no contingencies and is not subject to the buyer's ability to obtain financing. There will be a 10% buyers premium added to the final bid to establish the final sale price. Heartland Real Estate & Auction, and the sellers, make NO guarantees in regards to any permits being granted for this property. Should additional time be needed for closing, the Auctioneer can, for the sellers benefit, extend the closing up to an additional 120 days. Bidders should complete their own due diligence prior to bidding. Heartland Real Estate & Auction is not responsible for incorrect or missing listing information. Heartland has attempted to provide accurate information. Printed statements or descriptions by staff are provided in good faith and are a matter of opinion. Information contained herein is believed to be correct but not guaranteed. It is the bidders’ responsibility to conduct any inspections that they deem pertinent. The buyer acknowledges that the property is being sold "AS IS, WHERE IS," both surface and subsurface, with all faults, imperfections and errors of description. Neither the Seller, nor Heartland Real Estate & Auction, makes any warranties or representations, express or implied, as to the conditions, square footage, acreage or boundary line of the real property conveyed herein. The Seller nor his/her agent (Heartland Real Estate & Auction) make any representation or warranty regarding any utility service(s) available to the real property being sold. Bidder/Buyer has the duty to determine the feasibility of any utility service(s) prior to bidding. Purchaser(s) agree to close at a time and place determined by Bass & Bass Attorneys. At closing, the seller shall pay for the attorney’s title opinion, deed, and seller’s side of attorney closing expenses. At closing, the buyer shall pay the recording fees, the buyer’s side of attorney’s closing expenses, and any expenses incidental to the buyer’s loan. The seller shall pay no closing costs for the buyer, including any lender fees. Seller to convey the property by General Warranty Deed. Possession will transfer with the deed at closing. Property taxes will be prorated at closing unless otherwise noted. This property is subject to any and all utility easements, set back lines, and any platted and/or recorded easements and restrictions of record. The property is also subject to all state and local zoning ordinances. No building or improvements can be done to the property until after the closing. This auction is subject to a soft close, meaning if a bid is placed in the last 3 minutes before closing, the bidding window will be extended for another 3 minutes. All bids are subject to seller confirmation unless noted Absolute. Each Heartland auction may have different bidding increments, and those increments are subject to change at any time during the auction. The software will calculate the next bid amount before submitting bids. Heartland Real Estate & Auction reserves the right to reject any and all bids for any reason. Heartland Real Estate & Auction reserves the right to verify the identity of any bidder at any time. If a complete verification is not possible then Heartland Real Estate & Auction can reject the bidder and the bidding activity will be terminated. Bidders guarantee that the information they supply to Heartland Real Estate & Auction is accurate. Users agree to indemnify and hold Heartland Real Estate & Auction harmless from any lawsuit based on users’ negligence or activities. Bidders agree to keep their username and password confidential, as they are responsible for any and all activity involving their account. All bidders must be 18 years of age or older. This is an “As-Is” Site. You accept that you use the Site at your own risk and without any guarantees or promises from Heartland Real Estate & Auction or its Sellers. This includes the functionality and operation of the Site. Heartland Real Estate & Auction does not guarantee that the Site will be operational 100% of the time. Heartland Real Estate & Auction does not guarantee that you will always be able to access the auctions listed on the Site. The Site is usually available 24 hours a day, 7 days a week. However, we retain the right to make the Site unavailable from time to time for any reason. Therefore: Heartland Real Estate & Auction shall not be liable for any damages arising from any interruption, suspension, or termination of the Site. In the event that there are technical difficulties related to the auction platform, server, or any other auction related technologies, Heartland Real Estate & Auction reserves the right to extend bidding or close bidding at any time. Neither the company providing the software nor Heartland Real Estate & Auction shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Heartland Real Estate & Auction reserves the right to modify the details of this auction, cancel this auction, or remove any lot prior to the close of bidding for any reason including but not limited to technical issues, emergencies, and convenience of the auction firm or seller. Any buyer or bidder not executing their responsibilities at the conclusion of this auction shall pay Heartland Real Estate & Auction an amount equal to the Buyer’s Premium or commission and any expenses incurred for this auction. The buyer shall also pay the seller any damages caused by said breach of contract including attorney fees and costs. If the buyer defaults on any terms laid out in the purchase and sale agreement, in any manner whatsoever, the earnest money shall be paid first to Heartland Real Estate & Auction for commission and expenses and the balance to the sellers. In the event any bidder defaults, he/she shall be banned from bidding at any other Heartland auctions. Bidding on any item acknowledges your acceptance of these terms of the auction.
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 There will be a 10% buyer's premium.
Payment Terms
Real Estate Terms - 20% non refundable deposit: Wire Transfer (wire fee is the responsibility of the buyer), Card (3.5% fee added to total), Cash, Cashiers Check, or Good Personal Check, with the balance due at closing. Storage building - Card (3.5% fee added to total), Cash, Cashiers Check, or Good Personal Check. due by 6/28/24
Winning bidder of storage building will have 10 days (until July 6th) to remove the building (cost of removal is the responsibility of the buyer). Shipping is not offered.