RIVERFRONT Memorial Weekend 2014 Absolute Auction

by McCarter Auction Inc.

When

May 24, 2014 10:30 AM EDT Eastern

Where

Sevierville, TN

How

Live / Online

Notes

Open House Friday May 23rd, 4pm to 8pm &amp; Saturday before sale.<br> ALL ONLINE ABSENTEE BIDS BEGIN MONDAY MAY 19TH AT 10:30 AM EDT AND WILL END ON SATURDAY MAY 24th DURING LIVE AUCTION BEGINNING AT 10:30 AM EDT. <br> 10% Buyers Premium added to each successful REAL ESTATE bid.

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Starting Time

May 24, 2014 10:30 AM


ABSOLUTE AUCTION

SATURDAY, MAY 24th, 2014, 10:30 AM EDT

Memorial Day Weekend

ALL PRIME RIVERFRONT

Near Sevierville
2 Homes, 4 Vacant Lots

Personal Property to be auctioned after Real Estate. Click HERE for detailed info on Personal Property


McCarter Auction is very excited to offer this beautiful RIVERFRONT property JUST OUTSIDE Sevierville,TN. The Whitaker Family has enjoyed this gorgeous RIVERFRONT property for many, many years and now they would like to give you an opportunity to do the same.

The main home on Lot #23, built in 1995, is in very good condition, approx. 1500 sq ft living space & 26’x22’ 2-car garage.
Home has 3 BR, 2 full baths. Master BR is 16’x16’ w/bay windows & walk-in closet. Great room has cathedral ceiling, bay window at front, gas fireplace, and glass patio door at back leading to 12’x16’ screened, covered porch overlooking river. Back BR has glass door leading to 8’x15’ deck over river. Beautiful level yard w/huge evergreens, other trees, and shrubs. Also 12’x12’ picnic deck on riverbank.

Home on Lot #21 has new 40-yr metal roof, central H&A (new in 2012). This is an older home but in very livable condition.
Approx. 1325 sq ft living area w/2 BR, 2 BA, living room, utility room, garage and nice deck. Gorgeous level yard w/pink & white
dogwoods, huge magnolia and other trees and shrubs. Also has covered pavilion on riverbank w/bbq fire box.

The 4 vacant lots 19, 20, 22 & 24 are very nice and level w/beautiful trees along riverbank. Each lot has 100+ ft on this gorgeous, rushing Little Pigeon River.

This is an extremely RARE opportunity to buy Prime RIVERFRONT this handy to Sevierville Just off Hwy 416 aka Pittman Center Rd. Only a few minutes drive to Dollywood, Pigeon Forge, Gatlinburg and Great Smoky Mountains National Park.

INTERIOR OF HOME AT 2319 SHINBONE RD SHOWN BELOW:

INTERIOR OF HOME AT 2331 SHINBONE RD SHOWN BELOW:

 

Personal Property:

Quality Furniture, John Deere LX188 Riding Mower, Oak Dinette Set, Hutch, Sleeper Sofas, Oak King Size Bedroom Suit, Queen Size Bedroom Suit, Rocking Chairs, Rocking Recliner, End Tables, Lamps, Patio Furniture, TV, Refrigerator, Artwork, Washer & Dryer, Cast Iron Items, Stonewar Jugs, Antiques, Antique Fishing Lures, China, And Much More Coming Soon!

NO MINIMUMS NO RESERVES
BUYERS SET THE PRICE

10% BUYERS PREMIUM WILL BE ADDED TO REAL ESTATE BIDS

15% BUYERS PREMIUM WILL BE ADDED TO PERSONAL PROPERTY BIDS

TERMS: 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 SALE

10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL REAL ESTATE BID



ONLINE BIDDING TERMS:



This is an Absolute Auction - All Sales are Final. REAL ESTATE BIDDERS: If you are the successful bidder, you will sign a contract at that time. The highest bid plus a 10% Buyers Premium will be the total sales price for real estate. 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.

Online Bidding Terms:



ALL ONLINE BIDS ON THIS MAY 24TH AUCTION START MONDAY, MAY 19TH, AT 10:30 AM EDT AND WILL END ON SATURDAY MAY 24TH DURING LIVE AUCTION BEGINNING AT 10:30 AM EDT. BY PLACING INTERNET BIDS ONLINE FOR LIVE EVENT, YOU AUTHORIZE MCCARTER AUCTION INC. OR ITS AFFILIATES TO IMPLEMENT YOUR BIDS AT THE LIVE AUCTION.



NOTE during the live close of this auction: A system operator will sit next to the auctioneer and offer online bidders the same bid opportunities that are being offered to the onsite bidders. If a bid is made via the internet, the operator will represent that bidder. Note that the operator may be bidding for several different online bidders at the same time. No preference is made for either onsite or online bidders; the bid will go to the first accepted by the auctioneer. Any tie bid or other issues regarding who has the high bid are always resolved by the Auctioneer, who has complete and final authority.



THE FINAL SALE OF PROPERTIES USING INTERNET BIDS AND LIVE ONSITE BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.



BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each tract #, 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 will be 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.



TERMS: Real Estate: A 10% deposit in cash, cashiers check or good personal check will be required day of sale if you are at live event. Balance due at closing within 30 days.

Conducted By

McCarter Auction Inc.

1-877-282-8467

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