Real Estate Auction
Morgan County Tennessee
Saturday March 9th 10:30 am
Prime Real Estate Selling at Auction
Court Order No.P-22-17
Auction to be Conducted at Home on 367 Mill Road
Home and 44 Acres offered in Tracts and Grouping
To Settle Estate of Carolyn Beene
Open House Sunday March 3 12 -4 pm
Three Prime Corners on Hwy 62 ,Mill Road and Flat Fork Road
Home address 367 Mill Road Wartburg Tn 37887
4 Bed Room 2 Bath Ranch Home with 2 Car garage
Large eat in kitchen with oak cabinetry, formal living room, den
Alarm system,central heat and air, storage building
Creek, Pond, pasture and woodlands
Bidding will be live on Site with Chancery court rules applying
Survey and additional information at bottom of page Important Information
Mailing Address is: 367 Mill Road Wartburg, TN 37887
Tax records: St Rt 62 Wartburg, TN 37887
Note: Septic Letter approval was for 3 Bed Room
Survey by D & L Surveying attached at bottom of web page
Tract 2 9.10 Acres Corner Hwy 62 and Mill Road
Tract 3 6.18 Acres Hwy 62 and Flat Fork Road
Tract 4 .68 Acre corner Hwy 62 and Flat Fork Road
Tract 5 10.5 Acres Mill Road Home 4 Bed Room 2 Bath
Tract 6 9.77 Mill Road Pond
Tract 7 12.99 Acres Corner Hwy 62 and Mill Road
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.
19.05 Judicial Sale by Clerk and Master, as Special Commissioner Unless the Court orders otherwise, the sale of property under a Court decree, will become final ten (10) days after the sale date, unless the final bid price has been raised by at least 10%. If any person proposes to advance or raise the bid by 10% or more, he or she shall execute and deliver to the Clerk and Master. (1) cash, or (2) a certified check, or (3) a money order, or (4) a bond with one or more sufficient sureties, in the amount of the raised bid. Upon the execution and delivery of one of the required methods of advancing the bids, and its acceptance by the Clerk, the Clerk shall, upon demand, refund to the original bidder all money paid as purchase. 19.06 Advertising on Resale It is not required that the resale of the property be advertised to the same extent as was done for the initial sale. The parties to the lawsuit, however, may choose to have the Clerk and Master fully advertise the resale of the property. Any dispute about the advertising will be resolved by the Chancellor. 19.07 Terms of Sale Unless otherwise approved by the Court, the usual procedure for a judicial sale of land by the Clerk and Master, as Special Commissioner, will be to offer the property for sale for all cash. Includes all tracts, EXCEPT tract 4. Powell Auction & Realty LLC is acting as Special Master. All Bid raising will be conducted thru Powell Auction & Realty LLC. 865.938.3403
The balance is to be paid in full at the deed closing within 30 days from final approval. Jamie Brooks, Attorney 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.
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.Lead base paint inspection begins February 5 2019.