262 College Park Rd., LaFollette, TN.
Lot Number:2
Completed
Start Time:10/12/2020 1:00:00 PM
End Time:10/28/2020 12:20:00 AM
Bid Count:1
High bidder:93 (Tennessee)
Starting Bid:$1,000.00
Bid Increment:$1.00
Current Bid:$53,500.00
Bidding complete

262 College Park Rd., LaFollette: Brick rancher with full basement. Home has 3 bedroom, 1 ½ bath, living room, kitchen/dining combo, 1269 sq. ft. of living space on the main level. Very nice .77 acre lot has large side and back yard. Home needs extensive remodeling, but great potential for resale or rental fleet.

2019 property taxes: $480   Tax Map: 094O   Group: C   Parcel: 008.00

Warranty Deed Book: 149   Page: 208

*Note:  Court rules state there is a 10 day raise period after auction ends. The auction is not final until after the 10 day raise period. If no raise is made, auction is final and ready for court approval. If the bid is raised a final auction will be held at court house steps.

 

No donations for this lot

Auction

Begins to end, Tuesday, October 27 @ 7 p.m.

Two Homes & 4 Lots – LaFollette & Caryville

Auction will start, on or before, Oct. 13th.

 

1. 506 College Hill Rd., LaFollette: 2 bedroom, 1 bath, vinyl sided home has approx. 936 sq. ft. Sits on approx. .42 acre level lot. Would need extensive remodeling, but could make an excellent rental home.

2019 property taxes: $274     Tax Map: 102B     Group: A     Parcel: 015.00

Warranty Deed Book: 336      Page: 14

 

 

2. 262 College Park Rd., LaFollette: Brick rancher with full basement. Home has 3 bedroom, 1 ½ bath, living room, kitchen/dining combo, 1269 sq. ft. of living space on the main level. Very nice .77 acre lot has large side and back yard. Home needs extensive remodeling, but great potential for resale or rental fleet.

2019 property taxes: $480   Tax Map: 094O   Group: C   Parcel: 008.00

Warranty Deed Book: 149   Page: 208

 

 

3. Smith Oaks Ln., Jacksboro: 1.2 acre lot with dilapidated mobile home. Lot is all grown up, but lays very level & is unrestricted. Convenient location, within ½ mile of 4 lane.

2019 Property Taxes: $154   Tax Map: 103C   Group: A   Parcel: 015.00

Warranty Deed Book: 266   Page: 92

 

 

4. Bibee Ln., Caryville: Lot 11, Bruce Creek Sub. 1.7 acre wooded lot. Lot has small knoll at the top of property, then rolls down to Bruce Creek. City water & unrestricted.

2019 Property Taxes: $122   Tax Map: 109G   Group: A   Parcel: 019.00

Warranty Deed Book: 268   Page: 108

 

 

5. Shelton Hollow Ln., Caryville: Lot 6, Bruce Creek Sub. Approx. 2 acre vacant, wooded lot. Property lays level along county road, then climbs up in the back. Unrestricted, convenient location just minutes to I-75.

2019 Property Taxes: $141   Tax Map: 109G   Group: A   Parcel: 022.00

Warranty Deed Book: 268   Page: 108

 

 

6. Falin Ln., Caryville: Lot 8, Bruce Creek Sub. And un-numbered .13 acre lot. Total of 2.53 acres +/-, this tract is an old mobile home court. All mobile homes are dilapidated and down to the frames. The property is mostly level at the bottom half, then rises to Shelton Hollow Ln. at the top. Unrestricted, this property would clean up very nice.

2019 Property Taxes: $219   Tax Map: 109G   Group: A   Parcel: 029.00

Warranty Deed Book: 268   Page: 108

Contact auction company for home inspection.

Being sold to settle the estate of Charles Lonnie Turner, Chancery Court Case #7CHI-2012-PR-3312.

Auction conducted for Dennis Potter, Special Master.

10% down within 24 hours of auction completion. 10% Buyer’s Premium on all purchases. Sold subject to court rules. Both homes were built before 1978, contact auction company to inspect. There is a 10 day lead base inspection period ending on Oct. 26th, 2020.

10% Buyer’s Premium. 10% of total down within 24 hours of auction completion. Balance upon closing within 45 days. Sold subject to court rules. Court rules state there is a 10 day raise period after auction ends. The auction is not final until after the 10 day raise period. If no raise is made, auction is final and ready for court approval. If the bid is raised a final auction will be held at court house steps.

10% down due within 24 hours of auction completion. 10% Buyer’s Premium. Real Estate  sold as is, where is.

10% down within 24 hours of auction completion, balance upon closing within 45 days. 10% Buyer’s Premium. House being sold as is, where is. Contact auction company for previewing home.

ONLINE AUCTION TERMS:
Agency Disclosure:  Ayers Auction and Real Estate is acting as agent for the seller, not as buyer's agent.

PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.

AUCTION END TIMES: Ayers Auction & Real Estate Online Auctions are timed events and all bidding will close at specified time. Ayers Auction & Real Estate Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04.The auto extend feature remains active until no further bids are received within a 5 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED.

REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ayers Auction and Real Estate reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor AYERS AUCTION & REAL ESTATE SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Ayers Auction and Real Estate. 

TERMS: 10% of the final bid price as non refundable earnest money in the form of a certified check, cash or wire transfer within 24 hours of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees and any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.


DEED: Good Insurable Deed at Closing.

BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.

AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning bidder will be charged a penalty fee of $3,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ayers Auction and Real Estate and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ayers Auction & Real Estate reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.  

Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Campbell County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.

Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ayers Auction & Real Estate will e-mail documents to be executed and fax or e-mail back to Ayers Auction & Real Estate within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ayers Auction & Real Estate, Agents, Representatives or Employees may bid.

Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All taxes will be prorated  as noted on the contract. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
Easements: Subject to any and all easements of record.
Zoning: This property is subject to all state and local zoning ordinances.

Disclaimer:  All properties are being sold 'as is, where is'.  We encourage bidders to do property inspections and rely upon their own conclusions.  All information is deemed reliable, but is not guaranteed.  All information is believed to be correct to the best of the auctioneer's knowledge.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ayers Auction and Real Estate will reject the registration, and bidding activity will be terminated. The Seller and Ayers Auction & Real Estate reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.

Agency: Ayers Auction & Real Estate, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ayers Auction & Real Estate and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer and Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ayers Auction and Real Estate Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ayers Auction and Real Estate, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ayers Auction & Real Estate are final. 

Any dispute between Ayers Auction and Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Campbell County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.

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