Online Only Auction
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Price Realized:
22,000.00 USD
Shipping Not Available
Date(s)
5/29/2024 - 7/11/2024
AUCTIONEER INFORMATION
Bidding Notice:

Internet only auction. Buyer to verify all information and to complete their own due diligence. All property in this auction is selling AS IS. No buyer's premium. Bidders to provide proof of funds upon request.

Auction Notice:

Subject to the 10 day raise period. After the online auction the bid will remain open until Monday July 22nd at 4pm. The bid must be raised by a minimum 10% higher than the bid ending on July 11th. If anyone wishes to raise the bid please see the Clerk Jeff Hardy at 101 East Hull Ave Gainesboro TN.


Information
Lot # 3
Group - Category Real Estate - Ag / Farm Land
Lead Tract 3: 2+- Acre • Building Lot
Description
Flat & Open Ground Surveyed Unrestricted Wartrace Creek Frontage
Name Home & 66.29+- Acres • Unrestricted • 4 Tracts
Auctioneer
Type Online-Only Auction
Date(s) 5/29/2024 - 7/11/2024
Auction Date/Time Info
Bidding ends Thursday July 11th 3pm
Preview Date/Time Auction Preview Monday July 8th 4-6pm
Checkout Date/Time Selling under the direction of the Jackson County Circuit Court. Jeff Hardy Clerk 931-268-9314. Subject to the 10 day raise period. After the online auction the bid will remain open until Monday July 22nd at 4pm. The bid must be raised by a minuim of 10% higher than the bid ending on July 11th. If anyone wishes to raise the bid please see the Clerk Jeff Hardy at 101 East Hull Ave Gainesboro TN.
Location
Buyer Premium No Buyer's Premium
Description
Online Circuit Court Auction 3 bed 2 bath solid fixer upper home situated on a mostly wooded 66.29+- surveyed acres. Nestled in the hills of Tennessee and just a 5-minute drive to Cordell Hull Lake this property is a hunter and fisherman paradise. Selling in 4 tracts. Tract 1: Home & 1.41+- Acres Tract 2: 61.17+- Acres, Young Timber, Private, Recreational Property, Barn, Unrestricted. Tract 3: 2+- Acre Building Lot, Wartrace Creek Frontage. Flat and Open Ground, Unrestricted. Tract 4: 1.71+- Acre Building Lot, Wartrace Creek Frontage, Flat and Open Ground, Unrestricted.
1: Cross Roads Auction Group (CAG) are agents for the seller, bidders are representing themselves 2: Winning Bidders will place a 20% deposit as a non refundable down payment in the form of a good check, cash, or wire transfer to Exit Cross Roads Escrow no later than 24 hours from the close of this auction. Also, to sign a purchase and sale agreement. 3: No buyer's premium. 4: Each CAG auction may have different bidding increments. The software will calculate the next bid amount before submitting bids. 5: Bidders will need to watch their bidding screen to determine the current winning bid. Bidders will recieve a email notice of Outbid but not guaranteed. 6: CAG is not responsible for incorrect or missing listing information. CAG has attempted to provide accurate information. However it is the bidders responsiblity to conduct any inspection to determine condition. Bidders should complete their own due diliegence prior to bidding. 7: CAG shall modify detail of this auction for any reason including but not limited to technical issues, emergencies, and convenience of the auction firm or selller. 8: In the event that there are technical difficulties related to the auction platform, server, or any other auction related technologies CAG reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor CAG shall be held responsible for a missed bid or the failure of the software to function properly for any reason. 9: Winning bidders will be required to sign a purchase and sale agreement with in 24 hours of the completion of the auction. 10: The seller shall pay the seller's side of the closing fee and document prep fee. The buyer shall pay the buyers side of the closing fee and document prep fee. The seller shall pay no closing cost for the buyer, including any lender fee's unless otherwise agreed to in the contract for sale of Real Estate. CAG will work with any lender or Attorney of your choosing for closing. 11: The buyer acknowledges here in that the property is being sold "As Is" with all faults and neither the seller nor CAG 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 is not responsible for any repairs. 12: Any buyer or bidder not executing their responsibilities at the conclusion of this auction shall pay CAG an amount equal to the Buyer 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 cost. If the buyer defaults on any terms laid out in the purchase and sale aggrement in any manner what so ever that the earnest money shall be paid first to CAG for commission and expenses and the balance to the sellers. In the event any bidder defaults shall be banned from bidding at any other CAG auction. 13: CAG resereves the right to reject any and all bids for any reason. CAG reserves the right to cancel this auction or remove any lot prior to the close of bidding. 14: All bids are subject to seller confirmation unless noted Absolute. 15: Buyer will be given a General Warranty Deed unless othewise noted. 16: Possession is with the deed at closing. 17: Property taxes prorated to the date of closing. 18: This property is subject to any and all easements and restrictions of record. Also the property is subject to all state and local zoning ordinances. 19: The identity of all bidders will be verified. If a complete verification is not possible then CAG will reject the bidder and the bidding activity will be terminated. 20: 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. 21: This auction is subject to a soft close or bid extension. 22: Selling under the direction of the Jackson County Circuit Court. Jeff Hardy Clerk 931-268-9314. 23: Subject to the 10 day raise period. After the online auction the bid will remain open until Monday July 22nd at 4pm. The bid must be raised by a minuim of 10% higher than the bid ending on July 11th. If anyone wishes to raise the bid please see the Clerk Jeff Hardy at 101 East Hull Ave Gainesboro TN.
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 No Buyer's Premium
Payment Terms
Real Estate 20% non refundable Deposit: Cash, Cashiers Check, or Good Personal Check. With the balance due on or before 30 days at closing. 2024 Property Taxes prorated to the date of closing. All bidders required to provide proof of funds upon request from the auctioneer. Subject to the 10 day raise period. After the online auction the bid will remain open until Monday July 22nd at 4pm. The bid must be raised by a minuim of 10% higher than the bid ending on July 11th. If anyone wishes to raise the bid please see the Clerk Jeff Hardy at 101 East Hull Ave Gainesboro TN.
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