Live Webcast Auction
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Price Realized:
81,000.00 USD
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Price Realized 81,000.00 USD
Date Sold 2023-06-03T00:00:00
Date(s)
5/10/2023 - 6/3/2023
AUCTIONEER INFORMATION
Bidding Notice:

This is a high bidder choice auction. Pre-bidding will convert to live auction process on June 3rd at 10:30 am eastern time. The high bidder at each bid opportunity in the live auction will choose the site/lot of choice, the auction will continue until all 8 bid opportunities have concluded.

Auction Notice:

Successful high bidder will be required to sign Real Estate Sales Contract immediately upon completion of Auction Sale. Upon conclusion of the bidding, Buyer will make an earnest money deposit of ten (10%) percent of the sales price. A ten (10%) buyer's premium plus $1,750 survey origination fee per lot will be added to the high bid to establish the total sales price. The balance is to be paid in ... Show More


Information
Lot # 6
Group - Category Real Estate - Residential
Lead Opportunity 6
Description
5.04 Acres. Wooded and cleared setting just on the edge of a wooded berm creating a very private setting. This is a high bidder choice auction. Pre-bidding will convert to live auction process on June 3rd at 10:30 am eastern time. The high bidder at each bid opportunity in the live auction will choose the site/lot of choice, the auction will continue until all 8 bid opportunities have concluded.
Name TN Auction - Grainger County - Somerset Farms
Auctioneer
Type Live Webcast Auction
Date(s) 5/10/2023 - 6/3/2023
Auction Date/Time Info
Saturday, June 3, 2023 at 10:30 AM
Preview Date/Time OPEN HOUSE - May 28, 2023 from 1 - 4 PM Drive by property at anytime to view.
Checkout Date/Time Saturday, June 3, 2023 at close of auction.
Location
Buyer Premium 10% BP
Description
Located just 30 minutes from Knoxville, and 20 minutes from Jefferson City. Property has been professionally land planned with modest restrictions allowing horses and cattle. One of the Area’s Most Scenic Viewsheds of Valley Base and Smoky Mountains. Kentucky horse style fencing fronts the property creating a grand entrance. Property will be offered in sections and as a whole comprising of 90 Acres. Fertile rich dirt ideal for lush gardens. Nearby attractions include World Class Fishing on the Holston River, 15 mins to Cherokee Lake, 40 mins to Norris Lake, plus House Mountain, Sprout Spring Estates & Vineyard and Horse Stables.
Successful high bidder will be required to sign Real Estate Sales Contract immediately upon completion of Auction Sale. Upon conclusion of the bidding, Buyer will make an earnest money deposit of ten (10%) percent of the sales price. A ten (10%) buyer's premium plus $1,750 survey origination fee per lot will be added to the high bid to establish the total sales price. The balance is to be paid in full at the closing. Current taxes will be prorated at the date of closing, unless otherwise specified. Alley Auction & Realty, Inc. and its auctioneer(s) and employee(s) are representing the seller(s) as the seller (s) Agents(s). All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS," without warranties expressed, implied or guarantees of any kind. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. ONLINE AUCTION TERMS- Auction Law will deem acceptable and binding as to terms, bidding, fees, contracts, and closings. Please familiarize yourself with these terms & conditions of Sale. Buyers and/or Buyer's agent (s) will be bound by these terms and conditions. Alley Realty & Auction, LLC. Auctioneer(s), Agent(s), or Employee(s) may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet, or website malfunctions. Bidding may extend if bids are placed within the last minute. Alley Realty & Auction, LLC. will have up to 7 days to provide Buyers with any documents to be signed, after the auction has ended. Payment must be made within 48 hours after being contacted by Alley Realty & Auction, LLC.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 970,500.00 1,000.00 USD
970,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% BP
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.