REAL ESTATE AUCTION
SATURDAY, APRIL 7TH 10:30AM
RANKIN FERRY LOOP
LOUISVILLE, TN 37777
Live & Onsite!
We have been ordered by the court to sell at auction 27.13 acres of beautiful land on Rankin Ferry Loop Road in Louisville, TN to settle the estate.
This gently rolling property is situated close to Fort Loudon Lake, and Knoxville, McGhee Tyson Airport, Maryville and Alcoa are just a stone's throw away. Minutes from Pellissippi Parkway and Alcoa Highway. Approximately 1/3 of the property is open pastures, and 2/3 is wooded and rolling. Several nice building sites on this property. There's over 400' of road frontage on Rankin Ferry Loop Rd, and a non-exclusive easement for ingress and egress to the back part of the property. This property is being sold as a whole.
Tax map 016 parcel 034.02
Yearly taxes $210.00
School zoning: Middle Settlements Elementary, Union Grove Middle, William Blount High School
Terms: 10% Buyer's premium added to final bid price. Successful bidder to put 10% deposit down day of sale. This is a court ordered sale, and must be approved by the Judge. Closing within 30 days of Judges signature. Potential buyer(s) to have all due diligence taken care of by sale date. Possession of the real estate to be given at closing. In the event the Judge doesn't approve the auction, buyer(s) will be refunded their deposit. See Terms tab for complete list of terms. Survey of property available on request. FL 3920
Firm License 3920
10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID
Announcements made day of sale takes precedence over any other announcements whether verbal, written, or implied.
This is a Court Ordered Live on-site Auction - All Sales are Final Pending Judge’s Signature. Please pay very close attention as this will cover the terms and conditions for the property. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a contract day of sale, in addition to deposit paid day of sale VIA CASH, GOOD CHECK, or money order. Contract will be executed and fulfilled once requirements for closing are met as set out in the contract. This a LIVE 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.
Auction Sales Contract along with any other paperwork pertaining to each sale will be signed by the successful bidder, who must execute a sales agreement contract with signature with DeLozier Auction Inc. day of sale. An earnest money deposit (10% non refundable deposit of total purchase price made payable to DeLozier Auction Inc.)
Default remedies are reserved by DeLozier Auction Inc, and the Seller. In the event the buyer defaults and doesn't close property within time allotted, the 10% deposit is forfeited by the purchaser, and becomes the auction company's. AUCTION SALES CONTRACT and STATEMENT OF SALE: The property is offered under specific terms provided in the auction sales contract, and statement of sale. The Auction Sales Contract and Statement of Sale are available at www.delozierauctions.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!
DeLozier Auction Inc has the sole authority to resolve any bidding disputes as they may arise.
DeLozier Auction Inc. will not be responsible for any missed bids from any source.
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 Real estate.
Terms for Real Estate are 10% down day of sale with balance due from purchaser at closing within 30 days or less. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Kiser & Black will be the exclusive closing agent for the transaction.
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 (or less.) Please do not bid unless prepared to do so. Please do not bid if you don't understand the terms of this contract.