REAL ESTATE AUCTION INCOME PRODUCING PROPERTY

135/137 Marshall Circle Oak Ridge, TN 37830

Tuesday, April 25th 12:00PM

Live Onsite Bidding

Brick Ranch Duplex

Due to both sides being occupied, inspection period will occur at 11:00 am on Tuesday, April 25th

Unit 135 – Currently Rented for $450.00 per month – Tenant occupancy time 1 year

Unit 137 – Currently Rented for $425.00 per month – Tenant occupancy time since 2009

Parcel ID: 100i a 025.00

PropertyTaxes: $1,859.63

Lot Size: approx. 0.38 acres (16,533 sf)

Approx. 1728 Total SF

Year Built: 1948

Tax Appraisal: $90,900.00

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 contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. M&M Title Company Clinton TN to Conduct the Closing. Current taxes will be prorated at the the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. 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 and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. Lead-based paint inspection waiver will be a part of the sales contract. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Property will be transferred by Sufficient special warranty deed or executors deed. Sale is exempt from Tn residential property disclosure. Buyer to sign lead base paint inspection waiver as part of sales contract. Inspection period to conduct lead base paint inspection begins 4/5/2017 call office to schedule time if bidder want to have inspection performed. All announcements day of sale takes precedence over any written or published material.