Overstreet Auction

Town & Lake Realty

 

Date(s) 12/31/1899 - 6/28/2024

Live-Only

Shipping Not Available
Bidding Notice:

This is a Live auction

Auction Information
Name Overstreet Auction
Auctioneer
Date(s) 12/31/1899 - 6/28/2024
Auction Date/Time Info
Live-Only
Preview Date/Time Appointments available by request (615)464-5306
Checkout Date/Time June 29, 2024 immediately following Auction
Location
Buyer Premium 10% Buyers Premium
Description
This charming 2 bedroom, 1 bath home nestled on a spacious .31-acre lot is a diamond in the rough, awaiting its new owner to bring it back to life. The property, being sold at auction in as-is condition, offers an ideal opportunity for an investor or someone seeking a cozy retreat. With a living space ranging between 800 and 900 square feet, this compact yet inviting home features two well-appointed bedrooms, a single bathroom, and room for potential customization. Although the property requires some renovation and TLC to restore its full potential, it presents endless possibilities for creative renovation projects. Situated on a generously-sized lot of over a quarter-acre, there is ample outdoor space for landscaping, gardening, or simply enjoying the natural surroundings. The tranquil setting provides peace and privacy while offering the convenience of being within easy reach of nearby amenities. To participate in the auction for this promising property, prospective buyers should be aware of the additional terms: there is a 10% buyer's premium applicable to the sale price and a requirement of 20% down payment on the day of auction. Don't miss out on this unique opportunity to own a piece of real estate with great potential!
T&C: * Buyer's Premium: A 10% premium will be added to the bid price. * Payment Options: Wire Transfer * Payment Instructions: HyWater Title * Closing Company: HyWater Title I agree that I have read and fully understand the Terms and Conditions of this auction. Sure, here are the revised terms and conditions for a live on-site auction: 1. **Proof of Funds**: Buyer agrees to provide proof of funds immediately upon entering a bid. Please present this proof to the auction staff on-site. 2. **Auction Type**: This is a reserve auction. 3. **Buyer's Premium**: A 10% buyer's premium will be added to the final bid price to determine the contract sale price. 4. **Contract Signing**: The Winning Bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. A signed copy of the contract must be provided to Town & Lake Realty & Auction before leaving the auction site. 5. **Down Payment**: 20% of the contract purchase price is due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. The remaining balance of the purchase price will be due at closing. 6. **Closing**: Closing shall occur within 30 calendar days of the auction closing. 7. **Possession**: Possession will be given at closing. 8. **Real Estate Taxes**: Real estate taxes will be prorated up to the closing date. 9. **Auction Conditions**: Under no circumstances shall the Bidder have any claim against Town & Lake Realty & Auction or anyone else if any issue arises during the auction. 10. **Accuracy of Information**: The information is believed to be accurate; however, no liability is assumed for its accuracy, errors, or omissions. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. The real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please conduct all inspections and arrange financing prior to bidding.
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
Buyer Premium 10% Buyers Premium
Payment Terms
Buyer's Premium - A 10% fee will be added to the final bid price to determine the contract sale price. The Winning Bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. After the auction ends, the winning Bidder will receive a Contract to Purchase to sign. This is a Reserve Auction. 20% of the contract purchase price will be due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. The remaining balance of the purchase price will be due at closing. Closing shall occur within 30 calendar days of the auction closing.
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