Bidding Notice:

The Online Absentee Bidding starts July 23, 2024. The winning Absentee bid will be brought to live auction starting July 27, 2024 at 10:30 am(est) 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 & ... 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
ON-LINE & LIVE ABSOLUTE FORECLOSURE AUCTION (The Online Absentee Bidding starts July 23, 2024. The winning Absentee Bid will be brought to live auction starting July 27, 2024 at 10:30 am(est)) Located in the beautiful Seymour community sitting on the banks of Knob Creek is where 230 Litton Dr. is located. The original 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. Lot 4-R of Foothills Estate Subdivision No.2 tax records show the home at 4318 sqft. with a survey showing the total acreage of 5.99 acres, and Zoned R-1 by Sevier County, TN. 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 possibilities 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 This online auction is a Absentee Bid only. The winning Absentee Bid will be brought to Live Sale starting July 27, 2024 at 10:30 am(est). This sale is 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