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Residential
4 Beds
2 Bath
1,225 ft2
0.27 ac
Lincoln County
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Opening Bid $143,190
Auction Starts Dec 16
Current Bid $143,190
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High Bidder: Bidding Open
0 Bid(s)
Current Increment:
$25,000
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Remaining Time: 11 Days, 19:27:26
Property Details
Beds
4
Bath
2
Living Space
1,225 sq ft
Lot Size
0.27 ac
Year Built
1976
Property Type
Residential
Sub Type
Single-Family
Product Type
Second Chance
Property ID
368621
Description

SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Bids below the reserve may be presented to the seller for consideration. (4) Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer. (5) The subject property is reported to be Occupied. Buyers will not be permitted to access the property prior to closing. 4BR 2BA 1,225+/- sf single-family. Built in 1976. Approx .27ac lot.



* Buyer will not be charged a Buyers Premium or Auction Service Fee.

* Buyer is responsible for all escrow and closing fees typically ranging from $750-$3000. It is the Buyer's responsibility to contact a local title agency or real estate attorney for a property specific estimate prior to placing a bid.

* Closing must occur on or before 30 days from seller's acceptance of offer.

* Buyer is responsible for obtaining possession of the property after closing.

* The property is being offered As-Is, Where-Is, without any contingencies.

* Seller will agree to transfer title via Special Warranty Deed (or jurisdictional equivalent) if buyer secures title insurance, at buyer's expense, without delaying the closing date. If buyer does not purchase title insurance, Seller will transfer the property via quit claim deed (or jurisdictional equivalent). This is a HUD Second Chance home auction. Second Chance means it did not sell to a new homeowner at the Foreclosure Auction. During this Second Chance auction period, Seller advises the home is discounted below Seller's appraised value. This is a limited time opportunity.

Open Public Inspections: Property is occupied and will not be available for inspection. Please do not disturb occupants.

Property Disclosures

* Property is being sold in an as-is condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area.

* Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a pre-qualification letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction.

* Utilities Disclosure. The utilities to this property are not currently turned on and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing.

* Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.

* Occupied Property and Utility Usage Disclosure. Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer further shall be responsible for payment of utilities consumed and used by tenants. Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. Buyer is advised to conduct a thorough investigation of the property's utility usage and any associated costs and expenses associated with usage.

Legal Description

A CERTAIN TRACT OR PARCEL OF LAND IN THE 8TH CIVIL DISTRICT OF LINCOLN COUNTY, STATE OF TENNESSEE, DESCRIBED AS FOLLOWS, TO-WIT: BEING LOT 25 OF HARPETH HEIGHTS SUBDIVISION, A PLAT OF WHICH IS RECORDED IN PLAT BOOK 1, PAGE 97, IN THE REGISTER`S OFFICE OF LINCOLN COUNTY, TENNESSEE, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT AN IRON ROD ON THE WEST MARGIN AND 25 FEET FROM THE CENTERLINE OF FRAN COURT, SAME BEING THE SOUTHEAST CORNER OF TRACT HERE DESCRIBED AND BEING THE NORTHEAST CORNER OF LOT 26 OF HARPETH HEIGHTS SUBDIVISION (REF: PLAT BOOK 1, PAGE 97); THENCE ALONG THE NORTH BOUNDARY OF SAID LOT 26, NORTH 88 DEGREES 15 MINUTES WEST, 163.33 FEET TO AN IRON ROD, SAME BEING THE SOUTHWEST CORNER OF TRACT HERE DESCRIBED, BEING THE NORTHWEST CORNER OF LOT 26, BEING THE MOST NORTHERN CORNER OF LOT 115 OF ELKVIEW S/D (REF: PLAT BOOK 2, PAGE 92), AND BEING A CORNER OF HOOD`S PROPERTY (REF: DEED BOOK J-9. PAGE 72); THENCE ALONG HOOD`S EAST BOUNDARY, NORTH 3 DEGREES 03 MINUTES EAST, 80.00 FEET TO AN IRON ROD, SAME BEING THE NORTHWEST CORNER OF TRACT HERE DESCRIBED AND BEING THE SOUTHWEST CORNER OF LOT 140 OF ELKVIEW S/D (REF: PLAT BOOK 2, PAGE 92); THENCE ALONG THE SOUTH BOUNDARY OF SAID LOT 140, SOUTH 88 DEGREES, 15 MINUTES EAST, 113.33 FEET TO AN IRON ROD ON THE WEST MARGIN AND 50 FEET FROM THE CENTER OF A CUL-DE-SAC, SAME BEING THE NORTHEAST CORNER OF TRACT HERE DESCRIBED AND BEING THE SE CORNER OF LOT 140; THENCE ALONG THE WEST MARGIN OF SAID CUL-DE-SAC, A 50 FEET RADIUS CURVE TO THE LEFT, AN ARC DISTANCE OF 78.54 FEET TO A POINT LOCATED AT THE END OF SAID CURVE AND 25 FEET WEST FROM THE CENTERLINE OF FRAN COURT; THENCE ALONG THE WEST MARGIN OF THE RIGHT-OF-WAY OF FRAN COURT, SOUTH 3 DEGREES 03 MINUTES WEST, 30.00 FEET TO THE BEGINNING. DESCRIPTION COPIED FROM THE PREVIOUS DEED. NO NEW SURVEY HAS BEEN PERFORMED. BEING THE SAME PROPERTY CONVEYED TO GRANTORS BY DEED RECORDED IN DEED BOOK T16, PAGE 556, REGISTER`S OFFICE FOR SAID COUNTY.

Licensing
TN Williams & Williams Marketing Services, Inc.; Jerry E. King; (800) 801-8003.; Jerry E. King Auc. Lic. 1270
Quick Terms
  • "As-Is, Where-is", no contingencies to sale
  • No Buyer's Premium
  • 1% Down-payment ($1,500 minimum)
  • Occupied
  • View full Terms of Sale
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