2 Investment properties Morristown Tennessee

Date: 06/17/2021

Time: 12 Noon

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips #2385

Real Estate Auction 

2 Investment Properties 

908 & 914 West 3Rd North Street 

Morristown Tennessee 

Online Only Bidding Starts Closing June 17 12 Noon 

Open House June 16th 2-4 pm 

 

Sale 1 

908 West 3Rd North Street

2 Bed Room  1 Bath 

lot 50 x 125

Property Taxes 434.71

Approx. 886 square Feet 

 

 

Sale 2 

914 West 3Rd North Street

Lot 50 x 123

Property Taxes 459.17

Approx. 947 square Feet

Central Heat & Air 

 

Homes need repairs and updates, great location 

 

Real Estate Terms: Powell Auction will email winning bidder  your contract .  The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing . By bidding you are entering into a binding agreement. Current taxes, will be prorated at the date of closing, unless otherwise specified.

Colonial Title Group, in Morristown, TN to conduct the closing within 30 days. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller.

Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts June 1 2021.**Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Sale is subject to Owner Conformation 

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