Online Only BETWEEN NASHVILLE & CHATTANOOGA TN DREAM LOCATION

by McCarter Auction Inc.

When

October 14, 2015 BIDDING STARTS Thurs October 8, ENDS Wed October 14th 2:00 pm CENTRAL Central

Where

,

How

Online Only Auction

Notes

Click on 'View Documents' link below for downloadable pdf files available as we update. <br> <br> Click on red button 'View Lots' for complete listing of properties<br> <br> 10% Buyers Premium will be added to each successful bid. <br> <br> PLEASE CHECK BACK OFTEN FOR MORE INFO AS WE RECEIVE IT AND UPDATE OUR WEBSITE!!! All online bids begin on Thursday, October 8th at 10:30 CST and begin ending on Wednesday, Oct 14th, 2015 at 2:00 pm CENTRAL TIME.<br> <br> **In order to bid on both real estate and personal property, two separate bidder registrations are required online.

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ABSOLUTE AUCTION

ONLINE-ONLY BIDDING

Bidding BEGINS ENDING Wednesday,

 October 14th 2015, at 2:00 pm CENTRAL TIME

Subject to "Dynamic Close" Auto Extend Bidding

FOR COMPLETE PROPERTY LIST CLICK "View Lots" 

A TENNESSEE DREAM LOCATION High Atop Cumberland Mountains Between Nashville & Chattanooga, TN PRIME COMMERCIAL & RESIDENTIAL

 

OPEN HOUSE: SATURDAY, OCTOBER 10TH NOON UNTIL 4:00 PM CST

 

Sale #1: Historic 2-story Home, 2 lots adjoining Courthouse & Personal Property, 100 Cumberland St, Altamont, TN  37301

Sale #2: Baby Farm 8 ac in 3 Tracts w/Old Cottage; 18825 SR 56, Beersheba Springs, TN  37305

Sale #3: Bank-owned 20+ac in 2 tracts, forest, bluff-front; Besstown Rd near Beersheba Springs, TN

Sale #4:  Bank-owned "Handyman Special" home, level yard; 418 Red Bud Ln, Tracy City TN  37387

Sale #5  Nice 12 + acres of cozy forest on paved County Rd, level to road at front for great access to building site. Beautiful small farm with nice home across road for neighbors.

 

Personal Property also up for auction on separate website/catalog/bidder registration. Click HERE to register to bid once bidding is open and for detailed info on Personal Property (separate catalog and registration from real estate catalog and registration)

 

ALL will be SOLD to the HIGHEST BIDDERS, no minimums, no reserves.

 

A 10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID

 

TERMS: OWNER/AGENT REAL ESTATE: 10% Deposit day of sale, balance due at closing within 30 days.  All successful bidders will be required to sign a note for the deposit amount with the contract, in addition to deposit paid day of sale.  Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract. PERSONAL PROPERTY:  100% due day of auction at bidding close.


SALE #1 more description:  “Once in a Lifetime Opportunity” Known as The Old Smith Home built in 1928. First time ever for sale on open market.  In quaint small town of Altamont, TN, no redlights.  Ideal for restaurant, offices, residence, etc. Has lots of character w/gorgeous natural wood interior, original wood doors & staircase, large kitchen, covered front & back porches, clawfoot tub, central heat & air, yellow poplar siding.

The setting is absolutely breathtaking w/huge shade trees, original smokehouse, corn crib & 2 whole outhouses not in operation.  Mr. Smith was a prominent attorney & judge when he built & occupied this home in 1928.  In recent years for a while it was a thriving restaurant Courtyard Cottage Café until operator chose to pursue another career.  Home is in need of a few repairs, but appears to be basically sound.  Look it over to your satisfaction.  The 2 adjoining vacant lots are level, 1 is a corner lot across from Post Office.  Parking lot of Grundy County Courthouse adjoins home tract, with Citizens Tri-County Bank just across street.  A Great Location for many different uses, property has city water & sewer w/fiber optic phone, internet & cable available.  You May Get a Great Buy in This Fabulous Property!

NOTICE: Under 42U.S.c4582(d) the purchaser of a single family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards. October 4, 2015 begins this ten (10) day period.

PERSONAL PROPERTY PARTIAL LIST SALE #1

Antique Oak Sideboard w/mirror

Antique Wood Cookstove

Old Deacon’s Bench

Old “Last Supper” w/Antique Frame

Wall Décor

Mirror, & Many More Items

SALE #1 PICS...

SALE #1 LOCATION MAP

 
 

SALE 2 more description: Attractive Mountaintop Baby Farm w/old small cottage circa 1928, 8 nice acres in 3 tracts: small meadows, cozy forest, fronts State Hwy 56 in Historic Retreat town of Beersheba Springs, TN.  Less than 2 miles from entrance of beautiful Stone Door State Park. Some remodeling in recent years, newer bath, double-pane windows.  Still needs some TLC & a few repairs, so you may get a good deal on this one.  Original part of cottage has lots of natural wood & we found an opening in wall to nice size attic w/wood floors, walls, ceiling & a window.  On nice 1 ac corner lot w/huge shade trees & old store site, you may dig out some relics.

5 ac tract fronts Hwy 56, has small grass meadows at front & nice mature forest at back.  2 ac tract just behind cottage has meadow & trees.  All is level to very gently sloping & has city water.  You will enjoy driving around Beersheba with its Historic Hotel & Bluff front homes.

NOTICE: Under 42U.S.c4582(d) the purchaser of a single family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards. October 4, 2015 begins this ten (10) day period.

SALE #2 PICS....

SALE #2 LOCATION MAP
 

SALE 3 more description:  Bank-owned 20+ Gorgeous Acres in 2 tracts (1 with bluff front), level majestic hardwood forest & old nursery stock on Besstown Rd near Beersheba Springs, TN between Greeter Falls State Park & Stone Door State Park just a short distance off Hwy 56.  A lovely little opening meanders through this majestic forest all the way to bluff.  Front tract has a few open areas & nursery stock.

SALE 3 PICS....

SALE #3 LOCATION MAP


SALE 4 more description: Bank-owned Older home “Handy Man Special” Some good features = wood floors, nice level yard, utility water.  Some interior of home are beautiful Ponderosa Pine.

NOTICE: Under 42U.S.c4582(d) the purchaser of a single family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards. October 4, 2015 begins this ten (10) day period.

SALE 4 PICS...

SALE #4 LOCATION MAP


SALE 5 more description:  Nice 12 + acres of cozy forest on paved County Rd, level to road at front for great access to building site. Beautiful small farm with nice home across road for neighbors.

SALE 5 pics...

SALE #5 LOCATION MAP

VIDEO OF WATERFALL LOCATED ON SALE #5
 
10/14/15 ONLINE ONLY BIDDING AUCTION STATEMENT OF SALE & ONLINE TERMS



The sale of Sales 1-5 Properties in Grundy County, TN will be sold as follows:



10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID



All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by McCarter Auction, Inc., or any agent of said company, or by Scott E. McCarter, are hereby revoked.



This is an Absolute Auction - All Sales are Final. Each Sale # has its own announcements. Please pay very close attention as this will cover the terms and conditions for that property. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount, in addition to deposit paid day of sale. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract.



ALL ONLINE BIDS ON THIS AUCTION START THURSDAY, OCTOBER 8TH, AT 10:30 AM CDT AND WILL BEGIN ENDING ON WEDNESDAY OCTOBER 14TH AT 2:00 PM CENTRAL DAYLIGHT TIME.



AUCTION END TIMES: McCarter Auction, Inc. Online Auctions are timed events and all bidding will close at specified time. McCarter Auction, Inc. Online Auctions also have an auto extend feature. Any bid placed in the final 10 minutes of an auction, the auction ending will be automatically extended 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 receives a bid at 1:59, the close time will automatically extend 2:09. The auto extend feature remains active until no further bids are received within a 10 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. McCarter Auction, Inc. reserves the right to adjust the auto extension time period.



THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL

DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.



INTERNET BIDDING INCREMENTS =



$0 TO $2,500.00 --- 50.00



$2,500.01 TO $10,000.00 --- 100.00



$10,000.01 TO $25,000.00 --- $250.00



$25,000.01 TO $50,000.00 --- $500.00



$50,000.01 TO $250,000.00 --- $1,000.00



$250,000.01 TO $500,000.00 -- $5,000.00



$500,000.01 AND UP --- $10,000.00



This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract.



BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from McCarter Auction Inc to the successful bidder, who must execute and fax or email back to McCarter Auction Inc within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to McCarter Auction Inc) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale.



Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by McCarter Auction Inc and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable.



AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.mccarterauction.com in the “View Documents” section of this auction website. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid!



Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.



McCarter Auction Inc has the sole authority to resolve any bidding disputes as they may arise.



McCarter Auction Inc is providing internet/online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against McCarter Auction Inc or anyone else if the internet service fails to work correctly before or during the ending of the auction. McCarter Auction Inc will not be responsible for any missed bids from any source.



Taxes for the 2015 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing on all Real Estate will be on or before 30 days from October 14th, 2015. Possession of all properties to be given at closing, unless otherwise stated in individual property terms. All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of surveys, restrictions, zoning regulations and any other paperwork pertaining to the properties are available online.



The properties will be sold subject to zoning, easements and restrictions of record and will be sold as described from maps. The properties will be sold free from all encumbrances and a Warranty Deed will be executed by the owner to the purchaser for said land.



Terms for Real Estate are 10% down day of online bidding end, balance at closing within 30 days. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Austin, Davis & Mitchell Attorneys at Law will be the exclusive closing agent for all transactions.



REMEMBER, this is an Absolute Auction and all sales are final. Do not bid unless you are prepared to pay appropriate deposit and meet all conditions to close as set out in your contract. Bidders must be ready, willing and able to close within 30 days. Please do not bid unless prepared to do so.



INDIVIDUAL PROPERTY TERMS:



SALE #1 HOUSE W/0.48 AC LOCATED AT 100 CUMBERLAND ST, ALTAMONT TN & 2 VACANT LOTS: Home, outbuildings and all property sold in “as is” condition. A lead based paint disclosure must be signed by buyer of home. Termite inspection letter will be provided to buyer of home. Buyer will be responsible for any treatment recommended in termite inspection letter. Any personal property left in home at closing remains with home. Sale 1a home is presently hooked to utility water, is not hooked to city sewer, but city sewer is available on Sale 1a. Sale 1b & 1c, city water & sewer available.



SALE #2 COTTAGE W/1.00 AC LOCATED AT 18825 SR56, BEERSHEBA SPRINGS, TN & 2 VACANT LOTS: Home, outbuildings and all property sold in “as is” condition. A lead based paint disclosure must be signed by buyer of home. Termite inspection letter will be provided to buyer of home. Buyer will be responsible for any treatment recommended in termite inspection letter. Any personal property left in home at closing remains with home. Sale 2a, cottage tract, is hooked to utility water and has its own septic. Sale 2b & 2c, city water available. Buyers of Sales 2b & 2c responsible to obtain possible septic approval.



SALE #3 BANK-OWNED TRACT 1 & 2 LOCATED ON BESSTOWN RD, GRUNDY COUNTY TN:

Note joint use 30-foot right-of-way from Besstown Rd across Tract 1 to Tract 2.





SALE #4 BANKOWNED HOUSE W/0.27 AC LOCATED AT 418 RED BUD LN, TRACY CITY, TN: Home, outbuildings and all property sold in “as is” condition. A lead based paint disclosure must be signed by buyer of home. Termite inspection letter will be provided to buyer of home. Buyer will be responsible for any treatment recommended in termite inspection letter. Any personal property left in home at closing remains with home. Home is presently hooked to utility water, has water meter on property, adjoining neighbor is presently hooked to water meter. Buyer is responsible for working out agreement with neighbor for water or disconnecting water supply to neighbor.



SALE #5 APPROX 12.82 ACRES AS SHOWN ON TAX MAP LOCATED ON FLETCHER RD, GRUNDY COUNTY, TN: New survey will be available prior to auction bidding end date/time.



10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID

Conducted By

McCarter Auction Inc.

1-877-282-8467

Ask The Auctioneer