REAL ESTATE AUCTION SUBJECT TO COURT CONFIRMATION: Single Family Home in Athens, TN
REAL ESTATE ONLINE ONLY AUCTION SUBJECT TO COURT CONFIRMATION: Single Family Home in Athens, TN
AUCTION STARTS TO CLOSE:
THURSDAY, DEC 18 @ 7PM
OPEN HOUSE:
FRIDAY, DEC 12 @ 10AM-3PM
This 3-bedroom, 1-bath home sits on a 0.27-acre lot and features a large backyard perfect for outdoor activities. Located in the well-established Cherokee Hills subdivision, the property offers a quiet neighborhood feel while remaining conveniently close to the desirable Ingleside area.
Whether you’re looking for a starter home or a property to flip, this also is an ideal investment opportunity with income potential.
Please note: House is being sold with all contents included.
REAL ESTATE TERMS
Click for full terms. All Bidders and other persons participating in this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.
BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For a $100,000 bid, a 10% buyer’s premium of $10,000 will be added to arrive at the total purchase price of $110,000.
PAYMENT TERMS: The successful bidder will deposit 10% of the purchase price (including Buyers Premium) and is due SALE DAY immediately at the conclusion of auction in the form of Wire, cashier’s check, personal or company check, plus a real estate sales contract must be signed. Balance is due in certified funds at closing. CLOSING MUST OCCUR WITHIN 30 DAYS OF COURT CONFIRMATION DATE, NO EXTENSIONS.
ONLINE BIDDING
Plan to create your account and/or sign in to bidspotter.com well before the auction start time to ensure your bidding access. To avoid any internet lags, we suggest you place your maximum bid and allow the computer to bid for you. Furrow Auction Company is NOT responsible for any computer issues or malfunctions.
UTILITIES
Electric: Athens Utility Board
Water: Athens Utility Board
Sewer: Athens Utility Board
*Gas: Athens Utility Board
*Available but not connected
ZONING
R-2: Medium Density Residential District
(City of Athens)
SCHOOLS
Athens City Primary
Athens City Intermediate
Athens City Middle
McMinn County High
REAL ESTATE TAXES
McMinn County: $291.14 annually
City of Athens: $271.10 annually
Buyer is responsible for pro-rata share of current year property taxes
Back taxes (if applicable) will be paid by seller
Samuel J. Furrow | TN PBL #26
