Bidding Notice:

BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from TN Real Estate & Auction to the successful bidder, who must execute and email back to TN Real Estate & Auction within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit ... Show More

Auction Information
Name 230 Litton Drive - Seymour | TN 37865
Auctioneer
Type Internet Absentee Bidding
Date(s) 7/23/2024 - 7/27/2024
Auction Date/Time Info
Live On-Site - July 27, 2024 at 10:30 am (est)
Preview Date/Time Open House July 26, 2024 4pm(est) to 7pm(est) For a Private Showing please call Rod Davis (865) 740-6262
Location
Description
ABSOLUTE FORECLOSURE AUCTION Located in the beautiful Seymour community sitting on the banks of Knob Creek is where 230 Litton Dr is located. The origanial home was built in 1900 and has been updated and added onto throughout the years. This home has 5 bedroom 3.5 bath with a large kitchen area with plenty of room for the family. The tax records have the home at 4318 sqft. with a survey showing the total acreage of 5.99 acres. A detached 2 car garage is at the house but you also have a large barn area ready for the horses or a bigger garage. This Gentleman's Farm has so many possibilites and would be perfect for most any idea you can think of.
REAL ESTATE TERMS: 10% Buyers Premium will be added to final bid price for the total sales price. A 10% non-refundable deposit of the contract price will be required day of sale. The purchaser will also be required to sign a promissory note for the full purchase price which will become null and void upon closing of the sale. This property is being sold as -is without financial contingencies or Inspection contingencies. Closing will take place on or before 30 days from closing of sale. Notice: Under U.S. c4582 (d) the purchaser of a single-family residence (or other) residence has a maximum of ten(10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards, July 12, 2024 begins this ten(10) day period. T.A.L 5718 Personel Property Terms: SOLD AS-IS WHERE IS. No warranties of any kind A 15% buyers premium will be added to bid price for a total sales price. Payment must be made in full and will be collected via credit card that was used for registration (unless other arrangements are made). In the event a card does not run, purchases may be paid by cash or certified funds. Online Auctions are timed events and all bidding will close at specified time. TN Real Estate & Auction, Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 receives a bid at 1:59, the close time will automatically extend 2:04. The auto extend feature remains active until no further bids are received within a 5 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. TN Real Estate & Auction reserves the right to adjust the auto extension time period. THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD