Terms: 10% non-refundable down payment of the Contract Purchase Price in the form of good check or cash due at contract signing. Closing to take place within 30 days of contract signing. Sale is not contingent upon the buyer obtaining financing. Seller will furnish deed, buyer will pay any other title exspenses.

AUCTION

TERMS AND CONDITION FOR REAL PROPERTY AUCTION
AUCTION BEGINS ON MONDAY JULY 11TH AND BEGINS CLOSING ON THURSDAY JULY 21ST AT 6:00 P.M.

ADDRESS: 1408 STATE LINE ROAD, ELIZABETHTON TN, 37643

FURTHER DESCRIBED AS PARCEL ID # 041N D 030.00

10% DOWN WITHIN 24 HOURS AFTER AUCTION CLOSING, SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT.

EARNEST MONEY DEPOSIT WILL BE FORFEITED IF BUYER DEFAULTS ON THE CONTRACT.

THE SELLER OR AUCTIONEER WILL NOT BE RESPONSIBLE FOR ARRANGING ANY FINANCING. PLEASE MAKE SURE YOU HAVE THE NECESSARY RESOURCES BEFORE BIDDING.

2022 PROPERTY TAXES WILL BE PRORATED. TAXES MAY BE HELD IN THE AUCTION COMPANIES ESCROW ACCOUNT UNTIL THEY CAN BE ASSESSED BY THE COUNTY TAX ASSESSOR.

SUBJECT TO ANY EXISTING EASEMENTS, CLAIMS OF EASEMENT OR RESTRICTIONS, ZONINGS, RIGHT OF WAYS OR ANY OTHER MATTERS NOT OF RECORD. INCLUDING ALL ROAD, WATER, SEWER AND POWER LINE EASEMENTS IF ANY.

OWNER OR RUSS SWANAY REAL ESTATE OR AUCTIONEER WILL NOT BE HELD LIABLE FOR ANY PRESENT OR PAST ENVIRONMENTAL HAZARDS, SINKHOLES, OR ANY OTHER MATTERS THAT MAY AFFECT THE MARKETABILITY OF THE PROPERTY.

IMPROVEMENTS WERE BUILT BEFORE 1978. LEAD BASED PAINT INSPECTION MAY BE PERFORMED BY THE BUYER, HOWEVER, THIS IS NOT A CONTINGENCY FOR CLOSING AND THE SELLER WILL NOT CURE IF LEAD PAINT IS FOUND.

THERE IS NO WARRANTY, EITHER WRITTEN OR IMPLIED ALL IMPROVEMENTS ARE BEING "SOLD AS IS."

IT IS THE BUYERS RESPONSIBILITY TO PAY FOR THEIR OWN TITLE OPINION, RECORDING FEES, CLOSING AND ATTORNEY FEES.

AUCTIONEER RESERVES THE RIGHT TO REJECT ANY BID CONSIDERED TO NOT BE IN THE BEST INTEREST OF THE SALE.

PROPERTY IS OFFERED WITH A RESERVE.

PROPERTY IS BEING OFFERED AS A WHOLE.

THE AUCTIONEER NOR THE OWNER, WILL NOT BE HELD LIABLE FOR ANY ACCIDENTS THAT MAY OCCUR ON THE PREMISES.

Russ Swanay Real Estate and Auction, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continuous, uninterrupted or error free service or use of the site. Bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning. Russ Swanay Real Estate and auction, at its sole discretion, may void any sale, temporarily suspend bidding or reschedule the closing date of the auction and resell any items/lots that were affected by any malfunction.

ANNOUNCEMENTS MADE SALE DAY TAKE PRECEDENCE OVER ALL OTHER PREVIOUS ADVERTISEMENT.
P.A.L. # 4465

ONLINE AUCTION EVENT MONDAY JULY 11TH & BEGINS CLOSING THURSDAY JULY 21 @ 6:00 P.M. OVER 4000 SQUARE FEET OF LIVING SPACE, HOUSE, DETACHED GARAGE, & APARTMENT DIRECTIONS: Address 1408 State Line Road, Elizabethton, TN 37643. GPS friendly. AUCTIONEERS NOTE: Originally a massive sized single family residence, this full brick, all one level structure encompasses 3,748 square feet of open space. In addition, there are two detached garage structures plus a one bedroom apartment on site. The garages consist of a two car garage plus an additional space accessed by a single bay garage door, ideal for storage or conversion into other possible uses. The garages combined encompass 1,068 square feet and the apartment encompasses 547 square feet. The house structure is over 100' in length and is suitable for conversion into a large single family house, several multi family residential units or for use as warehouse storage with income provided from rental of the existing apartment unit. The garage spaces could also convert to additional apartment units or could be used for additional warehouse storage. The apartment unit consists of an open concept living kitchen arrangement, a full bath and one bedroom. These buildings are situated on a huge 0.68 acre offering 216' of highway frontage on State Line Road. Public sewer may be available to the property. The Public Works Director for the City of Elizabethton advises that, should a new owner desire to have public sewer, they can request annexation of the property into the City. He feels that such a request would be approved. This is a very unique property located right outside of the City Limits of Elizabethton. Solidly built, the structures on site offer numerous and various possible uses for a new owner. . House Lot Size: 216' x 212' 1.05 + or - acres. House offers 3,748 Sq. Ft. Apartments offer 547 Sq. Ft. Garages offer 1,066 Sq. Ft. Taxes: County - $277.88 TERMS: 5% BUYERS PREMIUM ADDED TO THE FINAL BID PRICE TO DETERMINE FINAL CONTRACT PRICE. 10% DOWN AT CONTRACT SIGNING, CLOSING TO BE WITHIN 30 DAYS OF CONTRACT SIGNING. SELLER IS SELLING AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED. HOME WAS BUILT BEFORE 1978 LEAD BASED PAINT INSPECTION MAY BE PERFORMED BY THE BUYER, HOWEVER SELLER WILL NOT CURE ANY ISSUES THAT MAY BE FOUND. PROPERTY IS BEING OFFERED WITH A RESERVE. ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER ANY PREVIOUS ADVERTISEMENTS. RUSS SWANAY REAL ESTATE OFFERS COMPLETE AND COMPREHENSIVE REAL ESTATE AND AUCTION SERVICES.