Name Online Only Auction, 846 Old Jefferson Pike, Smyrna, TN
Auctioneer Woodmont Realty Auctions
Type Online-Only Auction
Date(s) 5/8/2017 - 5/24/2017
May 24th, 2017
Preview Date/Time OPEN HOUSE MAY 21st, 2 - 4PM! Frank F. Baugh (615) 347-4705 frank@woodmontrealtyauctions.com
Checkout Date/Time Possession date of Deed
Location 2010 8th Ave. South
Nashville, TN 37204
Buyer Premium Buyer pays 6% commission
Description
PUBLIC INTERNET AUCTION! OPEN HOUSE! SUNDAY MAY 21st, 2 - 4 PM COME TAKE A LOOK AND GET QUESTIONS ANSWERED! THE AUCTION WILL COUNTDOWN ON MAY 24TH, 2017 COMMENCING AT 1:PM CST THE AUCTIONEER WILL BE ON SITE ONE HOUR BEFORE THE AUCTION SELLING AS-IS - ONLINE BIDDING ONLY! BUYER'S AGENTS ACCEPTED ~EXCELLENT INVESTMENT PROPERTY ~ ~ JUST MINUTES FROM NISSAN, NASHVILLE, AND MURFREESBORO ~ ~ MINUTES FROM PERCY PRIEST LAKE, LAKE PARKS AND BOAT RAMPS ~ FINE TWO BEDROOM - ONE BATH BRICK HOME ON APPROX. 1.7 ACRES 846 OLD JEFFERSON PIKE SMYRNA, TN 37167 RUTHERFORD COUNTY DIRECTIONS: from the intersection of Interstate 24 take Sam Ridley Parkway East, past the Smyrna Town Center and Airport across Highway 70, continuing Sam Ridley Parkway East (HWY 266) to left on Jefferson Pike to right on Old Jefferson Pike to Auction on right. This is a wonderful full brick home in great condition! It is ready to be moved into! It is a nice starter home for a young family, or a long-term home for empty nesters who want privacy with amenities close by. This residence is in an area associated with fine, new homes. This home, built approximately around 1970, contains 1161 Sq. Ft. of living area according to the tax records. This home features a living room - dining room combination with a full bath off the hall that leads to two nice sized bedrooms with closets. This home features a large kitchen with a breakfast area. It also has very niece attached two car garage. It has central gas heat and air conditioning. The lot is approximately 1.7 Acres according the tax records. The property is zoned R-1, Low Density residential. The far end of the lot has flood and water inundation issues. This residence's very best attribute is excellent location and large lot! This property is minutes from Nissan, I-24, La Vergne, Murfreesboro and Nashville. Also, this location is located literally a few minutes from Percy Priest Lake, Parks, and boat ramps! Do not let this opportunity to buy a lovely home and investment in an area of assured growth pass by! This property is shown by appointment only. Contact Frank F. Baugh for appointments at: frank@woodmontrealtyauctions.com (615) 347-4705
TERMS: 6% down as earnest money in cash or check with the Buyer's Contract. SELLING STRICtLY AS - IS. The Seller or Auctioneer reserves the right to accept or reject all bids. Bids contingent on financing are accepted within a reasonable time limitation for the buyer to qualify for financing of the real estate as-is. No contingencies other than an as-is appraisal permitted. The successful bidder will pay a 6% Buyer's Premium in addition to the consideration. BUYER'S AGENTS: 1% of of successfully closed transaction consideration is offered to licensed real estate professionals who register a Buyer with a Buyer authorized Buyer's Agency Agreement by or before 5:PM, the day before the Auction Sale (May 23rd).. THE SELLER'S CLOSING ATTORNEY WILL BE SAM ANDERSON OF BANKER'S TITLE AND ESCROW, 615-661-7711. THE SELLER WILL PAY FOR the Warranty Deed, Title, closing statement and their prorated part of the Taxes for 2017. THE BUYER WILL PAY FOR recording the Warranty Deed, any costs the buyer incurs in their own financing and their prorated part of the 2017 taxes. TAXES FOR 2016 were: City $278.24, County $843.53, Total: $1,121.77 - Taxes for 2017 will be prorated to the date of the Deed ZONING: R-1, Low Density Residential. Lower elevations of the property are highly subject to Flood Zone Code AE and minimally with Flood Zone X. The residence was not subject to flood insurance when last finance in 2010 IMPROVEMENTS BUILT: 1970 per Tax records UNDER THE FEDERAL LAW OF DISCLOSURE of the presence of Lead Based Paint, this structure was built prior to 1978. The Sellers have stated on the Federal Form that since the structure was built prior to 1978, lead based paint is present. The Forms and Federal disclosure pamphlets are available online at Lead Based Paint Pamphlet for your inspection. As a condition of bidding on the property, the buyer MUST waive their right of a ten-day inspection for lead based paint and sign, along with signing the Contract of Purchase, the waiver form which will be a permanent record of compliance. The property is selling like all Auctions "as is - where is" in all matters including the presence of lead based paint. POSSESSION: date of Deed THE REAL ESTATE IS SUBJECT TO: restrictions, easements, and/or any other limitations of public record. THE BUYER IS RESPONSIBLE for obtaining their own permits for any improvements whatsoever THE BUYER UNDERSTANDS that the seller and/or the Auction Company and its brokers make no representations or warranties either specific or unspecific regarding the structure, any part of the structure or land or features of the land. THIS PROPERTY IS SELLING AS IS, WHERE IS. THE SELLER or the Seller through our Brokerage Company may require any bidder or prospective bidder to provide proof of financial responsibility and legal capacity to Contract and close this sale. AUCTIONEER ANNOUNCEMENTS TAKE PRECEDENCE OVER ALL PRIOR ADVERTISING. THIS AUCTION MAY BE CANCELLED AT ANYTIME WITHOUT NOTICE.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 99,999.00 10,000.00 USD
99,999.01 - 125,000.00 5,000.00 USD
125,000.01 - 150,000.00 2,500.00 USD
150,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium Buyer pays 6% commission
Payment Terms
Cash or financing accepted - preapproval letter preferred - five busines days allowed for letter of approval. Property is selling strictly AS-IS with no contingencies except for appraisal.
Possession date of Deed