3140 Summertown Hwy AUCTION

$0

Summertown, TN

Details

  • $0
  • Bedrooms: 2
  • Bathrooms: 2
  • Lot Size: 1 Acres
  • Residential

       

      IMG_1764 (Medium)

      2 bedroom, 2 bath mobile home on 1.4 acres with well water (city water available), two septic systems for additional mobile home site or camper, kitchen, living, laundry, covered back porch, outbuilding.  Fronts Summertown Hwy (Hwy 20) near Summertown, Tn in Lewis County.

       

       

       

      By Oder of Lewis County Chancery Court Order NO. 2016-CV-67           Judge James G. Martin III 

      Selling at Public On-Site Auction on April 1st, 2017 at 9:00 a.m. 

      129 Leland Road, Summertown, TN  38483

      Terms & Conditions of the Sale of Real Estate

       

      Sale Day Announcements take precedence over any previous statements made or advertisements.

      ALL REAL ESTATE SELLING Subject to Chancery Court Confirmation and IN AS-IS CONDITION. No Warranties or Guarantees of any type either Expressed or Implied by the Chancery Court, Owner(s) or Auction Company. 

      AGENCY DISCLOSURE:  The Auctioneer, James A. “Jim” Graves (Middle Tennessee Realty & Auction, LLC) is conducting this auction pursuant to the Court Order of Record and representing the Court as a Special Commissioner.   

      ALL REAL ESTATE SELLING SUBJECT TO CHANCERY COURT CONFIRMATION. 

      LEGAL DESCRIPTION:  Personal Property and Real Property Jointly owned by Ronald L. Wix and Juanita E. Wix.  Real Estate includes Parcels # 029.00, 029.02 and 29.04 of Map # 064, Tax Assessors Office, Lewis County, TN.  In addition, a 1.59 Acre Tract, previously surveyed, but not recorded yet, currently a portion of parcel # 029.01 of Map 064 at the corner of State Hwy 20 East and Leland Road, with old Store Building.

      REAL ESTATE TERMS: Cash at Closing.  Winning Bidder on Real Estate is required to place a Ten (10) % non-refundable deposit (day of sale) and sign the purchase contract and other Disclosure Documents. Balance of purchase price and closing cost will be due at closing no later than 30 Days immediately following the date of Court Confirmation or as set by the Court.

      NO PURCHASE SHALL BE CONTINGENT on financing or any other Buyer Contingencies.

      REAL ESTATE SELLING SUBJECT TO All governmental rules and regulations or County Zoning Laws.   Also, subject to all public utility and private easements, right-of-ways, and encroachments, if any, shown of record, as well as those found upon inspection of the premises.

      CLOSING COST:  Buyer(s) will pay their attorney’s closing fees, recording of Warranty Deed and any potential Mortgage Instruments, title update or title insurance if ordered and any cost related to the acquisition of a purchase money mortgage.              Seller(s) have paid the cost of a Title Search for the Auctioneer’s purpose to prove Clear Title, are furnishing Existing Plats of past surveys, Description & plat of Tract’s # 5 & 6 (if necessary), Warranty Deed, their Attorney’s Closing Fee, Brokerage Commission and pro-rated taxes.                                                                                                                                                                              

      THE CLOSING ATTORNEY WILL BE:  To Be Announced.

      REAL ESTATE TAXES & ASSESSMENTS: 2016 Real Estate taxes will be paid by Sellers. 2017 Real Estate Taxes and assessments will be prorated to closing date.

      RELATED DOCUMENTS:    Additional Documents related to the Real Estate have been displayed on the Firm Internet Site and are posted on the board here today.                                                                                                                                                                                                                                                                                                                                                                             

      HAZARD LOSS: Seller will bear hazard loss insurance until date of closing.

      SEPTIC:   Available Septic Records have been obtained from the State Health Department and supplied as a part of the Bidding

      Information Packet.

      UTILITIES:  House has Electric Cool, Propane Gas Heat & outdoor wood furnace heat piped to the house.

      POSSESSION:  Possession shall be granted on the date of Closing and Transfer of Purchase Funds.                                            

      ORDER OF SALE    Tract# 1 – (House Tract) will be offered in whole dollars and “POSTED”.

      Tract # 2 – (Mobile Home Tract) will be offered first in whole dollars and “POSTED”.

      Combination Request round with 5% Raise.

      NOTE:  This pre-sale “order of sale” is subject to possible change on sale day.         

      BIDDING:  Anyone in attendance at the Auction is permitted to bid, if legally qualified, and if prepared to purchase, execute a purchase contract and place the required Escrow/Trust Deposit today..  Absentee Phone or Internet Bidders will be accepted if registered and pre-approved prior to Auction.  All Bidders must be registered, provide proof of Identification and obtain bidder’s card! 

      The Auctioneer reserves the right to accept or reject any bid based on the increments.  The Auctioneer also reserves the right to refuse bids from anyone who is not properly registered or, in the opinion of the Auctioneer not lawful to bid, or under the influence of any substance or acting in any manner detrimental to the Sellers’ interest.  Auctioneers reserve the right to settle any disputes or misunderstandings in regards to the bidding.

       

      ALL ABOVE INFORMATION BELIEVED TO BE CORRECT, HOWEVER, NOT WARRANTED OR GUARANTEED.         

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      Agent(s) for this listing

      Col. James A. “Jim” Graves

      Owner / Principal Broker / Auctioneer
      Office: 931-796-3505
      Mobile: 931-212-6142
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