Auction Information
Name Lakehouse - KY Lake / TN River - 4 BR's
Auctioneer
Type Online-Only Auction
Date(s) 6/3/2017 - 8/3/2017
Location
Buyer Premium 10% of the Bid Amount will be added
Description
“Live the Relaxed & FUN Lake Life” Waterfront Custom Home – KY Lake / TN River This lakehouse has been thoroughly enjoyed as a weekend getaway, day trip on Saturdays, location for celebrating holidays and special occasions, fishing, fish fries & cookouts, Church Youth Group excersions, boat rides, jet ski sporting and so much more! The next chapter in this lakefront property’s life is up to YOU, the new owner. The family purchased this property in 2007 and has completely remodeled the entire home. The lakehouse was designed to provide relaxing, overnight accommodations for family and friends in the upper level or in the lower level apartment. Large decks on two levels provide unbelievable views of the lake. There is also a concrete sitting area for the fire pit and outdoor grilling. Many meals have been enjoyed from this very location. (see photos) Total Living Area (Heated & Cooled) – 2,685.75 square feet. Lower level lake view apartment 752.25 sq ft; main level home 1,933.50 sq ft. Room sizes listed below. There are a total of four bedrooms with a sleeping capacity of ten adults! The MAIN LEVEL features a great room, a den, kitchen, dining area, two bedrooms, two bathrooms, a laundry / utility room and doors to access both the deck and concrete patio / parking area. The UPPER LEVEL features a large sleeping room and closet with its own private entry door to a balcony and stairway. The LOWER LEVEL is a self-sufficient apartment boasting one the best lake views from the home. The apartment has one bedroom, one bathroom, a kitchen, a dining area, a sitting / living room area and a utility room. This level has two entry / exit doors and its own large deck. The great room provides ample space for family gatherings, games, meals, and time to unwind from a day’s water activities. The cozy den with gas logs is a favorite spot for conversation, quiet time to read or an afternoon nap. Room Sizes: Great Room – 29' x 16' with 12' celings and gorgeous views Den & Dining – 25' x 12' w/ fireplace (gas logs) Bedrooms (2) – 11’6? x 10' – main level sharing bathroom Kitchen – 12' x 10' – Open to dining area Main Bath – 10' x 8'; tub/shower, custom tile work Laundry & Utility – 10' x 8' with storage Upper Level Bedroom Suite – 25' x 16'; exterior door to stairway Lower Level Bedroom – 11' x 11' Lower Level Living Room – 16' x 16' Lower Level Kitchen / Dining – 16' x 16' Lots of deck space in front and side of home. The dock is large enough to shelter two boats and also features a large deck area for sun bathing and/ fishing. The dock measures 34' x 30' with an open area 28' x 20'. The boat ramp is private and controlled by only four of the residents. There are a few homes “For Sale” with some glimmer of water view, but few quality homes with this ease of access are actually available. This Large Family Lakehouse is easy to get to – approximately 10 miles from Waverly right on Clydeton Road. The road actually ends at this property! Central HVAC installed in 2007. The custom concrete work measures 86' x 26' with a side parking area of 31' x 28'. There are TWO septic systems, one for upper level and one for the lower level. Both have been recently pumped and inspected (May 2017). Broker David Hudgins – 931-994-7144 Awesome Lake View – Premium Waterfront – Dock & Ramp – Lakehouse w/ Apartment for Extended Family & Friends or Rentals??? – Well-established Lake Community at Tenn River 10 miles to Waverly. Custom Remodeled Lakehouse. Buy Now or Bid – Call David
Lakehouse on KY Lake / TN River TERMS & CONDITIONS This Property - Lakehouse - is selling via Online Auction - bid ending....Thursday, August 3rd at 6:00pm PROCEDURE: The property will be sold as a whole. Bidding set in $5000 increments. Sellers reserve the right to accept or reject the high bid. DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. This property will be sold subject to confirmation by the Seller. To bid on each individual parcel separately, you must register and bid online now. BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer. CLOSING: Closing shall take place 30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed. POSSESSION: Possession will be given at closing - Date of Deed. TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE. REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes (2017) on said Property shall be prorated to the date of closing. EASEMENTS: Sale of said property is subject to any and all easements of record. SURVEY: Corners are marked. Property will sell and transfer per existing deed. AGENCY: Hudgins Auctions & Realty and its representatives are Exclusive Agents of the Seller. ZONING: Currently, the property is Residential. UTILITIES: Electricity and water (community well) are available and on the property. House has TWO separate septic systems. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report. DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer. CLOSING: Closing shall take place 30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,000,000.00 5,000.00 USD
9,000,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% of the Bid Amount will be added
Payment Terms
The balance of the purchase amount will be due at closing - on or before 30 days of bid acceptance.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.