Lukingbeal Real Estate Auction of West Knoxville, TN

JD's Realty & Auction, LLC

 

Date(s) 9/8/2024 - 10/1/2024

This online only auction will begin to close at 12pm on Tuesday, October 1st.

Online-Only 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 Notice:

Trust committee to verify sale within 5 days of auction close.

Auction Information
Name Lukingbeal Real Estate Auction of West Knoxville, TN
Auctioneer
Type Online-Only Auction
Date(s) 9/8/2024 - 10/1/2024
Auction Date/Time Info
This online only auction will begin to close at 12pm on Tuesday, October 1st.
Preview Date/Time There will be two open houses: Monday, September 16th at 6pm Sunday, September 29th at 2pm
Checkout Date/Time Buyer to pay 10% buyer's premium within 24 hours of auction close. Buyer to have 30 days to close.
Location
Buyer Premium 10% Buyers Premium added to the bid
Description
Welcome to an incredible renovation opportunity in one of West Knoxville's most sought-after neighborhoods! This stately all-brick, two-story home sits on over 2 acres at the end of a quiet cul-de-sac, offering both privacy and potential. Built in 1983, this spacious home boasts just over 6,000 square feet of living space, including a full basement, a three car garage and a new roof. With its solid foundation and timeless brick exterior, this property is the perfect canvas for your dream renovation. The home features a classic layout with generous-sized rooms and ample natural light throughout. Whether you're looking to update and restore the property or expand upon its existing charm, the possibilities are endless. Located in a desirable, well-established neighborhood, this home is a rare find with its large lot and prime location. Don't miss your chance to reimagine this property and make it your own! Trust committee to verify sale within 5 days of auction close.
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 10% down . 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 45 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 $50,000 down within 24 hours of auction close. Buyer shall have 45 days to close following the confirmation of sale.
N/A