Online Only Auction
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Date(s)
4/3/2018 - 5/1/2018
Bidding Notice:

Online Bidding Only


Information
Lot # 1
Lead 124 Delaware Point | Ten Mile, TN 37880
Description
Divorce Settlement Auction OPEN HOUSES: Thursday, April 26th from 1:00 - 4:00PM Sunday, April 29th from 1:00 - 4:00PM Beautiful Watts Bar Lakefront log home sitting on +/- 1 acre lot in a deep water cove One-owner home, custom built by contractor/engineer owner Very well built home with many added features - Over $800,000 invested in this property - their loss is your gain! Incredible buying opportunity for an East Tennessee Lakefront home situated on gorgeous Watts Bar Lake, a navigable body of water leading to the Gulf of Mexico Gorgeous BK Cypress log home with large detached garage Located just off of the main channel in a deep water cove (during peak water levels the cove ranges from 12-14' deep and maintains a depth of 8-10' during low water months) Cove and dock location are protected from nearly all storms - wind speed on the dock and deck is typically half of what the actual wind The way the home is positioned allows storms to blow over the top of the home Home is positioned to allow for beautiful views of the water Stunning exposed beam ceiling with massive stone wood-burning fireplace in great room and full size Cypress tress serving as interior support beams Over 3488 SF with 3 bedrooms and 3.5 baths, finished basement and additional finished space Main level master suite Kitchen features gas range and dual convection ovens, walk-in pantry, large breakfast bar, and eat-in kitchen area Finished walk-out basement with rec room, 4th bedroom, full bath, and large mechanical room Standing seam metal roof - Full length deck and hot tub area All foundation walls are continuous, reinforced poured concrete that were formed in place Concrete driveway is approx. 12-14" thick, with # 5 rebar tied on 2' center Climate controlled detached 750 SF 2-car garage with attic storage - room for all your lake toys! Covered dock, large enough to house a 38' cruiser! Commercial grade dock is a floating style that is fully covered and held in place by driven steel pilings Overall footprint of the dock is the largest that the Corps of Engineers will allow - dock structure, walkway landings, and 1st flight of stairs are constructed of galvanized steel Dock also includes an attached floating jet ski dock (one has an electric winch with wired remote for pulling jet ski onto the ski dock), jet ski lift used for working on jet skis, (2) safety ladders at each end of the dock, (2) locking fiberglass dock boxes for storage that are bolted onto the landing, permanently mounted fire extinguisher, manual small boat lift for a small fishing boat or jet ski (maximum weight lift of approx. 500-600 lbs), waterslide mounted to the dock with an electric water pump, and (2) fluorescent fishing lights mounted on the NE corner of the dock for night fishing Prewired for speakers for stereo and surround sound throughout Whole house cell phone booster amplifier Parcel/Tax ID: 110c b 006.00 Tax Appraisal: $465,600.00 Current Yearly Property Taxes: $2,997.30 (county only) Lot Size: 222.18 x 211.39 IRR (+/- 1 acre) Year Built: 2002
Name Online Only Lakefront Property Auction
Auctioneer
Type Online-Only Auction
Date(s) 4/3/2018 - 5/1/2018
Auction Date/Time Info
ONLINE BIDDING ONLY BIDDING ENDS: Tuesday, May 1st at 12:00PM ET
Preview Date/Time 124 Delaware Point - Open Houses: Thursday, April 26th from 1:00 - 4:00PM Sunday, April 29th from 1:00 - 4:00PM You may view the lakefront lots at your convenience
Checkout Date/Time 10% earnest money depost due within 24 hours of auction ending. Balance to be paid in full within 30 days.
Location
Buyer Premium 10% Buyer's Premium
Description
Online Only Real Estate Auction Lakefront Real Estate - Log Home & Lots Watts Bar Lakefront Log Home, Watts Bar Lakefront Lot and Norris Lakefront Lot BIDDING ENDS: Tuesday, May 1st at 12:00PM ET
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. 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 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. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. 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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
10% Buyer's Premium 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.
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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.