AUCTION
TERMS AND CONDITION FOR REAL PROPERTY AUCTION
LOCATED @ 502 FIRST STREET, HAMPTON, TN 37658
SATURDAY SEPTEMBER 17TH, 2022 @ 10:30 A.M.
PARCEL ID # 066C C 017.00
NO BUYERS PREMIUM

10% DOWN SEPTEMBER 17TH, 2022. SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT AND HAVE THE 10% DEPOSIT AVAILABLE AT CONTRACT SIGNING.

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.

SELLER WILL CONVEY PROPERTY BY GENERAL WARRANTY DEED.

SELLER HAS NOT LIVED IN THE PROPERTY AND THERE MAY BE UNKNOWN DEFECTS. BUYER ASSUMES THE RISK OF ANY AND ALL DEFECTS AND DAMAGES, WHETHER LATENT, OBVIOUS, KNOWN, UNKNOWN, OR DEFECTS AND SELLER MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESSED OR IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO WAY LIMITED, TO ANY WARRANTY OF QUANTITY, QUALITY, CONDITION, HABITABILITY, MERCHANTABILITY, SUITABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY AND IMPROVEMENTS LOCATED THEREON. BUYER RELEASES AND DISCHARGES SELLER, RUSS SWANAY REAL ESTATE, AND THEIR RESPECTIVE AGENTS, EMPLOYEES, REPRESENTATIVES AND IMPROVEMENTS OR IN ANY WAY RELATED TO SUCH PROPERTY. BUYER WAIVES ANY AND ALL CLAIMS AND CAUSES OF ACTION AGAINST SELLER, RUSS SWNAY REAL ESTATE, AND THEIR RESPECTIVE AGENTS, EMPLOYEES, REPRESENTATIVES AND AFFILIATES.

CLOSING TO TAKE PLACE 60 DAYS FROM SIGNING OF CONTRACT. SELLER IS NOT A U.S. CITIZEN. BUYER WILL NEED TO COMPLY WITH FOREIGN INVESTMENT REAL PROPERTY TAX ACT, FOR THE PROPERTY AT SUCCESSFUL CLOSING.

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. PROPERTY IS IN A FLOOD ZONE.

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.

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

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

Russ Swaany Real Estate
112 Armed Forces drive
Elizabethton, TN 37643

Directions: DIRECTIONS: From Elizabethton, take 19E toward Hampton. Take a left on Hwy 67 towards Butler. Take the first street on your right, the house will be on the right. Public Remarks: Offering at public auction minimum starting bid $10,000.00 Saturday Sept, 17th property is Being offered with a reserve. Located in the Village of Hampton, an historic home commonly referred to as ''The Bell House'' due to the large bell affixed to the roof of the structure. The building offers 3,480 square feet of living space on two levels plus a 948 square foot attached garage. Located on a pristine .62 acre lot. A unique property, designed as a two-unit residential structure, but also adaptable for use as a large single-family home. The main level offers an entry foyer, open concept kitchen and dining, one-bedroom, full bath and a large living room with stone fireplace. Also on the main level is a 948 square foot garage, large, The upper level is an entirely separate living unit offering an entry foyer with brick flooring and a beautiful staircase which leads up to a penthouse style residential unit. At the upper landing there is a wet bar plus a full shower bath. Huge Great Room with stone fireplace with gas logs, wood beamed ceiling and patio doors leading out to a large upper-level deck. Large dining room with built-in storage. Open concept kitchen with expansive cabinetry, a serving bar, plus a walk-in pantry. The master bedroom is oversized and features an adjacent luxury bath with sunken tub, double vanities, a walk-in shower and custom wood cabinetry. Central heating and air conditioning. Security System. The large corner lot is totally level, completely fenced and offers a large detached RV carport plus an additional one car detached carport. Ideally located just a short distance from both Watauga Lake and the Appalachian Trail, this property is also located within hours drive of both the ski slopes of Eastern North Carolina. This is a multi-use property, ideal for investors or home owners. P.A.L. # 4465