Online Only Auction
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Date(s)
2/26/2019 - 3/28/2019
Bidding Notice:

IT IS RECOMMENDED THAT YOU PUT IN YOUR MAXIMUM BID AND LET THE COMPUTER BID FOR YOU. THAT WAY, YOU SHOULD NOT HAVE ANY ISSUES WITH SLOWED INTERNET CONNECTION OR POWER FAILURE ISSUES.


Information
Lot # 1
Group - Category Real Estate - Ag / Farm Land
Lead COMMERCIAL REAL ESTATE - MAYNARDVILLE, TN
Description
203 & 205 Monroe Street Maynardville, TN 37807 FORMER FUNERAL HOME, Comprised of 3 Parcels – to be sold together Total Lot Size: 1.15 acres, Corner Lots Zoning: B-1 (Central Business), District Utilities: Electricity, Sewer, Water,Phone, Internet, Parcel IDs: 058j d 002.00 (0.40 acres – asphalt parking lot with +/- 40 spots), 058j c 003.00 (0.46 acres – Mortuary Building with asphalt and gravel parking lot), 058j c 003.10 (0.29 acres – Single Family – Used as storage building) Mortuary Building: 2-story Year Built: 1965 Central HVAC Approx. 8,571 SF Main Level – 5,691 SF Chapel, multiple viewing areas, casket display room, embalming room, office, and kitchenette Second Level – 2,880 SF 3 bedrooms, kitchen, living room, storage room office area Basement 1,211 SF Unfinished with concrete floors, storage and access to utilities 203 Monroe Street -has single family home used for storage* Lot on Monroe Street that front Maynardville Hwy consists if 40+/- parking spaces 3 Parcels to be sold together only**** Property is adjoining Union County Court House, Prime Property Fronting Maynardville Hwy 33, Total Tax appraisal 442,400.00. All Measurements are from Tax records not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. Property to be transferred with a Special Warranty Deed ONLY.
Name COMMERCIAL REAL ESTATE - MAYNARDVILLE, TN- ONLINE ONLY
Auctioneer
Type Online-Only Auction
Date(s) 2/26/2019 - 3/28/2019
Auction Date/Time Info
THURSDAY MARCH 28TH @ 12:00 NOON
Preview Date/Time CALL OFFICE TALK TO KENNY 865-938-3403
Checkout Date/Time IF YOU ARE THE WINNING BIDDER YOU WILL RECEIVE AN EMAIL WITH A CONTRACT TO SIGN & INSTRUCTIONS ON WHERE AND HOW TO PAY THE DOWN PAYMENT.
Location
Buyer Premium 10%
Description
Absolute Auction, Bank Owned Commercial Real Estate, 205 Monore Street Maynardville Tennessee, Selling Online ONLY without Reserve, Thursday March 28 12 Noon 203 & 205 Monroe Street Maynardville, TN 37807 FORMER FUNERAL HOME, Comprised of 3 Parcels – to be sold together Total Lot Size: 1.15 acres, Corner Lots Zoning: B-1 (Central Business), District Utilities: Electricity, Sewer, Water,Phone, Internet, Parcel IDs: 058j d 002.00 (0.40 acres – asphalt parking lot with +/- 40 spots), 058j c 003.00 (0.46 acres – Mortuary Building with asphalt and gravel parking lot),058j c 003.10 (0.29 acres – Single Family – Used as storage building) Mortuary Building: 2-story Year Built: 1965 Central HVAC Approx. 8,571 SF Main Level – 5,691 SF Chapel, multiple viewing areas, casket display room, embalming room, office, and kitchenette Second Level – 2,880 SF 3 bedrooms, kitchen, living room, storage room office area Basement 1,211 SF Unfinished with concrete floors, storage and access to utilities 203 Monroe Street -has single family home used for storage* Lot on Monroe Street that front Maynardville Hwy consists if 40+/- parking spaces 3 Parcels to be sold together only**** Property is adjoining Union County Court House, Prime Property Fronting Maynardville Hwy 33, Total Tax appraisal 442,400.00, All Measurements are from Tax records not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. Property to be transferred with a Special Warranty Deed ONLY. Call Powell Auction & Realty to inspect Property 865-938-3403
TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. M&M Title Clinton Tn 457-5675. Current taxes will be prorated at the date of closing. Seller to provide Special warranty deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. All properties are sold “AS-IS, WHERE-IS and WITH ALL FAULTS,” without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Tennessee Residential Property Exemption Notification and Lead-Based Paint Inspection Notification will be a part of the sales contract. ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend for 2 additional minutes and will continue until no bid is placed for one minute.Payment/ 10 percent deposit must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.
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 10%
Payment Terms
TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price within 24 Hours. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. M&M Title to conduct the closing. Current taxes will be prorated at the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary title company closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. All properties are sold “AS-IS, WHERE-IS and WITH ALL FAULTS,” without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Tennessee Residential Property Exemption Notification and Lead-Based Paint Inspection Notification will be a part of the sales contract. Sale is subject to owner conformation. ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.
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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.