ONLINE ONLY

AUCTION

Begins to end Tues., November 7th @ 6 pm

Approximately 2.6 Acres

3419 Byington Solway Rd., Knoxville, TN 37931

Investor's Dream: Prime 2.6-Acre Parcel in Knoxville, TN

Welcome to an exceptional real estate opportunity for savvy investors! This 2.6-acre parcel, located at 3419 Byington Solway Rd, Knoxville, TN 37931, offers a multitude of possibilities. Owner financing available. Take a moment to explore this vacant gem with tremendous potential.

Property Overview:

• Location: 3419 Byington Solway Rd, Knoxville, TN 37931
• Size: 2.6 Acres
• Frontage: Approximately 232 feet along Oak Ridge Highway
• Depth: A spacious 500 feet deep lot
• Zoning: Currently zoned A Agriculture
• Access: Convenient driveway access off Byington Solway Rd with a deeded right of way
• Utilities: Electric, water, and sewer connections available with a pressure line

Key Highlights:

• Prime Location: This property's strategic location, just 4 miles from the Hardin Valley exit, makes it an excellent choice for a wide range of investment opportunities.
• Frontage along Oak Ridge Highway: With approximately 232 feet of frontage along Oak Ridge Highway, this parcel offers fantastic visibility and accessibility.

Ideal for Investors:

• Owner Financing Available: Take advantage of owner financing options to ease your investment process. Owner financing is available with a 10% deposit within 24 hours of sale completion and an additional 10% down payment at closing within 60 days. After January 1, 2024, balance financed on a 30 year amortization with a 7 year balloon payment, financed at 7.5% interest.
• Versatile Zoning: The current Agriculture zoning provides investors with versatility for a variety of development possibilities. Check with local authorities to explore potential rezoning options for your intended use.

Building Site Potential:

• Level Building Site: The property features a level building site at the front of the property with a gradual climb towards the back.
• Utilities On-site: Electric, water, and sewer connections are readily available, streamlining the development process.

Don't miss this exceptional opportunity to invest in a promising piece of Knoxville's real estate landscape, this parcel at 3419 Byington Solway Rd holds the key to your investment success.

Ayers Auction will be offering a 1% brokers participation call auctioneer for details.

      Tax Map: 090           Parcel: 060

Warranty Deed Book: 20211124          Page: 0042852

LOCATION: At intersection of Oak Ridge Hwy. and Byington Solway Rd., driveway comes off Byington Solway Rd.

Auctioneer: J.J. Dower

 Bidding questions, call 423-286-0041.

Terms Day of sale: A 10% Deposit within 24 hours, balance at closing after Jan. 1st, and before Jan. 7th, 2024.
Owner financing is available with a 10% deposit within 24 hours and additional 10% downpayment at closing, balance financed on a 30 year amortization with a 7 year balloon payment at 7 1/2% interest.

All information was derived from sources believed to be correct but not guaranteed.

A 10% Buyers Premium added to bid price.

Sold subject to owner conformation

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 & 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 & 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 hour 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 24 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 & 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 Scott 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 24 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 24 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 to day of closing using the most current available year’s tax amount. 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 & 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 & 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 & 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 & 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 & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Scott County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.