1178 Old Middlesboro Hwy, La Follette, TN

Lot Number:1
Completed
Start Time:5/2/2024 2:00:00 PM
End Time:5/16/2024 10:00:00 PM
Bid Count:105
High bidder:6443 (Tennessee)
Starting Bid:$25,000.00
Bid Increment:$1,000.00
Current Bid:$143,000.00
Bidding complete

 

3 Bedroom Home with Level Lot

🏡 Auction Alert: Rehab Opportunity with Potential! 🛠️

Welcome to your chance to own a piece of prime real estate with endless possibilities!

🌳 Location: Nestled across from Valley View Elementary School, this ranch-style home sits proudly on a very level 100x150 lot, offering convenience and charm.

🏠 Property Details:

  • Size: Approximately 1160 sq. ft. of living space.
  • Bedrooms: 3 cozy bedrooms await your personal touch.
  • Bathroom: 1 full bath for your convenience.
  • Living Space: A spacious living room perfect for gatherings.
  • Kitchen/Dining Combo: An open layout to inspire your culinary creations.
  • Utility Closet: Handy for storage and organization.
  • Features: Enjoy the reliability of a dimensional shingle roof and gas central heating & air conditioning.

💼 Investment Opportunity: This property presents an exciting chance to turn it into your dream home or an investment gem. Whether you're looking to rehab, flip or add to your rental portfolio, the potential here is undeniable.

🛠️ Renovation Potential: While it may require some updating and remodel work,  it's ready to be transformed into a modern oasis or an income producing property.

🔑 Your Chance: Seize the moment and make this property yours. Whether you're a seasoned investor or a homeowner with a vision, this is your chance to shape the future of this desirable piece of real estate.

Being sold to settle the estate of Leroy Braden, Chancery Court Case No. 2023-PR-5182.

2023 Property Taxes: $256     Tax Map: 077B     Group: A     Parcel: 079.00     

Warranty Deed Book: 223     Page: 173
NOTE: Small outbuilding does not remain w/property.

LOCATION: 1 3/4 miles east of LaFollette, turn on Old Middlesboro Hwy. beside of Big O’s. Travel 2.1 miles and home is on right, across from school.

Auction conducted for Dennis Potter, Special Master

 AUCTIONEER: Paul Provins     TN LIC#: 4528

There are no bids for the lot at this time

No donations for this lot

ONLINE ONLY
COURT ORDERED ESTATE AUCTION

3 Bedroom Home with Level Lot

 1178 Old Middlesboro Hwy., LaFollette, TN 37766

Begins to End Thurs., May 16 @ 6 PM

**Contact Ayers Auction for inspection**

🏡 Auction Alert: Rehab Opportunity with Potential! 🛠️

Welcome to your chance to own a piece of prime real estate with endless possibilities!

🌳 Location: Nestled across from Valley View Elementary School, this ranch-style home sits proudly on a very level 100x150 lot, offering convenience and charm.

🏠 Property Details:

  • Size: Approximately 1160 sq. ft. of living space.
  • Bedrooms: 3 cozy bedrooms await your personal touch.
  • Bathroom: 1 full bath for your convenience.
  • Living Space: A spacious living room perfect for gatherings.
  • Kitchen/Dining Combo: An open layout to inspire your culinary creations.
  • Utility Closet: Handy for storage and organization.
  • Features: Enjoy the reliability of a dimensional shingle roof and gas central heating & air conditioning.

💼 Investment Opportunity: This property presents an exciting chance to turn it into your dream home or an investment gem. Whether you're looking to rehab, flip or add to your rental portfolio, the potential here is undeniable.

🛠️ Renovation Potential: While it may require some updating and remodel work,  it's ready to be transformed into a modern oasis or an income producing property.

🔑 Your Chance: Seize the moment and make this property yours. Whether you're a seasoned investor or a homeowner with a vision, this is your chance to shape the future of this desirable piece of real estate.

Being sold to settle the estate of Leroy Braden, Chancery Court Case No. 2023-PR-5182.

2023 Property Taxes: $256     Tax Map: 077B     Group: A     Parcel: 079.00     

Warranty Deed Book: 223     Page: 173
NOTE: Small outbuilding does not remain w/property.

LOCATION: 1 3/4 miles east of LaFollette, turn on Old Middlesboro Hwy. beside of Big O’s. Travel 2.1 miles and home is on right, across from school.

TERMS: 10% down within 24 hours, balance upon closing within 30 days of court confirmation. 10% Buyer’s Premium. Home was built before 1978 and may contain lead based paint. Contact Ayers Auction to conduct risk assessment. Sold subject to court rules.

Auction conducted for Dennis Potter, Special Master

 AUCTIONEER: Paul Provins     TN LIC#: 4528

Property questions, call 423-562-4941. Bidding questions, call 423-286-0041.

10% down within 24 hours, balance upon closing within 30 days of court confirmation. 10% Buyer’s Premium. Home was built before 1978 and may contain lead based paint. Contact Ayers Auction to conduct risk assessment. Sold subject to court rules.

Sold "as is, where is", no warranties or guarantees.
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 and 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 within 30 days. 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 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 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 Campbell County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.

1178 Old Middlesboro Hwy.
Lafollette, Tennessee 37766
United States

Contact Ayers Auction & Real Estate at 423-562-4941 to inspect.