Date: 03/29/2017

Time: 10:00AM

Location: 750 Leadvale Church Road - White Pine, TN 37890

BANKRUPTCY
REAL ESTATE AUCTION
750 Leadvale Church Road
White Pine, TN 37890
Wednesday, March 29th at 10:00AM

Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee Northeastern Division
Case #: 2:16-bk-517833-MPP

Jefferson County, TN

30′ x 80′ Metal Building with 2-story living space

Approx. 840SF of living space on main and upper level

Main Level features:

Kitchen, area for built-in TV, laundry room, 1/2 bath,
office, and oak flooring

Upper Level features:

2 bedrooms, 1 full bath, shower, whirlpool tub, double vanity, walk-in closet, and oak flooring

Approx. 1560SF of warehouse space

Electric roll-up door

Concrete floor

Access door to living area

Detached implement shed

Year built: 2006

Lot size: approx. 5.25 acres

Parcel/Tax ID: 039  175.01

Tax appraisal: $162,900

Total taxes: $957.04

TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Bankruptcy Sale is Subject to Court Approval.  The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes Current, Delinquent, fees & any penalties. No Extensions. Ben W. Hooper III  Attorney will be conducting the closing. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. 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 Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption notification will be a part of the sales contract.

DIRECTIONS: I-81 to exit #4, head east on Roy Messer Highway. Turn right onto 25E to left onto Chockcherry Lane. Turn left onto Leadvale Church Road to the property on the right.

TNFL735