Castlewood Condos

 8 Units being sold to Settle Estate

Great Investment Opportunity

Income, Flipping or Home owners

Here is your Chance

Saturday April 13 10 am

 Live Auction On Site

8 Condominiums sold individually or grouping

Open House on vacant units Monday April 1 3-5 pm, rented units will be open morning of sale 8:30 until sale time. Auction will be conducted at 101 Arcadia

101 Arcadia Lane parcel                 094DA032.00  Office Building  unit Upstairs, Tennis court and Pool

103 Arcadia Lane Unit D Parcel    094DA030.00   Currently Leased 650.00 Month

105 Arcadia Lane unit A Parcel     094DA30.00      Currently Leased 700.00 Month

105 Arcadia Lane unit C Parcel     094DA30.00       Vacant

105 Arcadia Lane unit E Parcel     094DA30.000     Currently Leased 450.00 Month

107 Arcadia Lane Unit B Parcel    094DA029.00      Currently Leased 700.00 Month   

107 Arcadia Lane Unit D Parcel   094DA029.00       Vacant just renovated

107 Arcadia Lane Unit E Parcel    094DA029.00        Currently Leased 700.00 Month

Great Location East Side Oak Ridge on minute from Clinch River, Shopping Churches and Food

  Inspection : We can Show vacant units, lease units morning of Auction

TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately 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 within 30 days. M&M Title to conduct the closing. Current taxes will be prorated at the date of closing, unless otherwise specified. 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 customary closing cost to be split between buyer & seller, unless otherwise specified.

 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.