Rehabber Historic Johnson City Tn Home

Date: 07/19/2018

Time: 12 noon


Office: Knoxville

Agent: Kenny Phillips

Historic Johnson City Home

Selling at Absolute Auction

 Online Bidding

Thursday July 19th @ 12 NOON

Selling highest bidder without Reserve

421 W Locust Street Johnson City, Tn

Historic turn of century home in need of complete restoration

Former home of  Joseph Keaton

Selling AS IS with furnishing / contents

Washington County Tax appraisal 132,500 property taxes 1414.37

This will be one of Johnson cities Finest home with some work and Love

Bidding will be conducted online only (soft closing) Bidding Opens July 16th, Closing July 19th @ 12 NOON

Tax records square footage 2704  Lot 50 x 150

City Of Johnson City web site

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. Signed auction contract and deposit must be delivered to office of Powell Auction & Realty. The balance is to be paid in full at deed closing within 30 days. Mountain States Title to conduct the closing. Current taxes will be prorated at the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary title company closing costs to be split between the buyer and seller. 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. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Tennessee Residential Property Exemption Notification will be a part of the sales contract.Lead base paint inspection period begins June 24 2018 all home built before 1978 may contain lead base paint.
ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.