Madisonville Event Center/Residential Property Auction

JD's Realty & Auction, LLC

 

Date(s) 7/28/2024 - 9/12/2024

The auction will begin to close Thursday September the 12th at 12 Noon. Bidding will be live on site and online.

Past Auction
Shipping Not Available
Bidding Notice:

We recommend you place your max bid if you cannot attend the auction or watch the auction online.

Auction Information
Name Madisonville Event Center/Residential Property Auction
Auctioneer
Type Live Webcast Auction
Date(s) 7/28/2024 - 9/12/2024
Auction Date/Time Info
The auction will begin to close Thursday September the 12th at 12 Noon. Bidding will be live on site and online.
Preview Date/Time Open House will be Sunday September the 8th and 2:00PM.
Checkout Date/Time Buyer to pay $25,000 down payment at the close of the auction. Buyer shall have up to 30 days to pay the remaining balance.
Location
Buyer Premium 10% Buyers Premium added to the bid
Description
Welcome to this stunning, newly renovated, approx.6,000 sq. ft. property that is perfectly poised for both residential and commercial use. This versatile space offers a blend of rustic charm, modern elegance and functional design, making it an ideal choice for a variety of ventures. Upon entering, you'll be greeted by an expansive open-concept layout with high ceilings and premium finishes throughout. This property boasts spacious living areas, a commercial grade kitchen with state-of-the-art appliances, charming bedrooms, luxurious bathrooms, and extra rooms that can be used as offices, meeting rooms, bonus rooms, etc. This spacious multi-use property has been totally renovated. The interior amenities include a fully equipped commercial kitchen complete with hood vent and stainless Sub Zero and Kitchen Aid appliances, custom solid wood cabinets, granite counter tops, video security system complete with fire safe control room with sprinkler system, 400 AMP service for generator, two new 5 ton HVAC units, security system with cameras and alarm, handicap accessible entrances, storage rooms and administrative offices, game room with wet bar, 60 sq ft tile shower in master bathroom, custom stack stone fire place, Vogelzang XL wood heater, and remote controlled LED lights throughout just to get started. The exterior amenities do not disappoint. They include a separate 3,300 sq. ft. covered building with concrete floor that has 200 AMP service and water, 2300 square foot pole barn, 24'x12' pavilion, .5 acre fenced paddock, 1.25 acre fenced paddock, various fruit trees, new well pump, large parking area, custom Anderson windows, 40 year metal roof and siding, a newly poured 30'x50' concrete pad for a future garage, and for bonus points there are 5 beautiful acres to allow growth for your family or the business venture of your choice. You absolutely have to see this property to believe it! Don't miss the opportunity to make this exceptional property your own! Contact us today to schedule a private tour and explore the limitless potential it holds. This auction will include online and live onsite bidding on September the 12th at 12 Noon. The winning bidder will be required to provide $25,000 down, and the balance due in 30 days. Please see the full Terms and Conditions of the auction. Buyer to verify sq ftg.
Auction Terms & Conditions REAL ESTATE TERMS: Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office. If you have a Realtor we are paying a Co-Op if you bring a buyer for this property. This home will be sold subject to the owner's confirmation. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. The successful high bidder on this property will be required to sign a 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 $25,000. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. Payment may be made by personal check; cashier's check or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. JD's Realty & Auction and its auctioneers and agents are representing the sellers as the sellers' agents. JD's Realty & Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto the reserve price. 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 disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Anderson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Anderson, City of Clinton, State of Tennessee. If you are bidding online please note, the auctioneer may without notice, 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. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 24 Hours after you are the winning bidder. JD's Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. Lead Based paint- This home was built before 1978. A Lead Based paint disclosure is not required to be provided to the winning bidder. Contact JD's Realty & Auction for appointment.
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 - 97,500.00 250.00 USD
97,500.01 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 10% Buyers Premium added to the bid
Payment Terms
Buyer to pay $25,000 down at close of auction. Buyer shall have 30 days to close following the confirmation of sale.
N/A