ONLINE ONLY AUCTION EVENT
TERMS AND CONDITION FOR REAL PROPERTY AUCTION
LOCATED @ 180 SIMERLY CREEK ROAD, HAMPTON, TN 37658
SATURDAY SEPTEMBER 27TH, 2022 @ 8:00 A.M. TO OCTOBER 4TH WITH BIDDING BEGINNING TO CLOSE AT 6:00 P.M.
PARCEL ID # 083 037.00
BUYERS PREMIUM 10%

10% DOWN SEPTEMBER 27TH THRU OCTOBER 4TH 2022. SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT AND HAVE THE 10% DEPOSIT AVAILABLE AT CONTRACT SIGNING. 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO DETERMINE THE FINAL CONTRACT PRICE.

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.

PROPERTY IS BEING OFFERED WITH A RESERVE.

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

ONLINE ONLY AUCTION EVENT TERMS AND CONDITION FOR REAL PROPERTY AUCTION LOCATED @ 180 SIMERLY CREEK ROAD, HAMPTON, TN 37658 SATURDAY SEPTEMBER 27TH, 2022 @ 8:00 A.M. TO OCTOBER 4TH WITH BIDDING BEGINNING TO CLOSE AT 6:00 P.M. PARCEL ID # 083 037.00 BUYERS PREMIUM 10% 10% DOWN SEPTEMBER 27TH THRU OCTOBER 4TH 2022. SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT AND HAVE THE 10% DEPOSIT AVAILABLE AT CONTRACT SIGNING. 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL BID TO DETERMINE THE FINAL CONTRACT PRICE. 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 30 DAYS FROM SIGNING OF CONTRACT. 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. ONLINE ONLY AUCTION BIDDING STARTS ON TUESDAY SEPTEMBER 27TH @ 8:00 A.M. AND BEGINS CLOSING ON TUESDAY OCTOBER 4TH AT 6:00 P.M. 180 Simerly Creek Road Hampton, TN 37658 DIRECTIONS: From Elizabethton, take Hwy 19E towards Hampton/Roan Mtn. Take a right onto Simerly Creek Road. Property will be on the right. You cannot see the home from the road. AUCTIONEERS NOTE: HOME TO BE SOLD AT PUBLIC ONLINE AUCTION, BIDDING BEGINS MONDAY SEPTEMBER 27TH @ 8:00 A.M. AND BEGINS CLOSING TUESDAY OCTOBER 4TH, @ 6:00 P.M. 2022. THIS IS AN ONLINE AUCTION EVENT. 10% BUYER'S PREMIUM WILL APPLY. Rustic retreat tucked away in the mountains of beautiful East Tennessee. Circa 1930 house situated on 5.44 heavily wooded acres offering total seclusion. Although this rustic cottage seems as though you are away from everything, Highway 19E is just a short distance away, making this home convenient to area amenities. The home is situated high up among the trees and out of sight from surrounding homes with the acreage encasing the home with a dense forest, assuring total continued privacy. Follow the long-paved driveway up to the home which features a wraparound porch giving one the feeling of being in a tree house. The home is wood constructed and in need of restoration with a heavily wooded mountain setting that is simply idyllic for mountain lovers. Bring your rocking chairs to enjoy the wrap around porch, the privacy, the cool mountain breezes and the natural beauty offered by this quaint home in a lushly wooded setting. In summertime, the dense foliage encases the home in absolute privacy. In winter, with the foliage gone, views of the surrounding mountains abound. This private little mountain cottage is ideal for use as either a permanent or seasonal home. Another potential use is as an Airbnb investment property with Roan Mountain State Park and the recreational opportunities at Watauga Lake both located just a short drive away. In addition, the ski slopes of Western North Carolina and the Bristol International Motor Speedway are each located within an hours drive from this mountain home. This home will sell for an affordable price at auction. Those looking for a mountain cottage with acreage and absolute wooded privacy should not miss this auction. House Size: 1344 Square feet. Home was built in 1930 Lot size: 5.44 Acres Taxes: County - $567.89 Tax appraisal: $111,900.00 TERMS: 10% DOWN AT CONTRACT SIGNING, 10% BUYER'S PREMIUM TO BE ADDED TO FINAL CONTRACT PRICE. 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. ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER ANY PREVIOUS ADVERTISEMENTS. RUSS SWANAY REAL ESTATE OFFERS COMPLETE AND COMPREHENSIVE REAL ESTATE AND AUCTION SERVICES. VOTED BEST REAL ESTATE AGENCY, AUCTION FIRM, AUCTIONEER AND REALTORS BY THE JOHNSON CITY PRESS AND ELIZABETHTON STAR READERS CHOICE AWARDS. FOR ADDITIONAL PICTURES AND VIDEO VISIT OUR WEBSITE @ WWW.SWANAYPROPERTIES.COM Phone: 423-543-5741 Auctioneer: David Collins P.A.L. # 4465 Russ Swanay Real Estate The Tri Cities most innovative auction firm. Voted best Real Estate, Auction Firm, Auctioneer and Realtors by Readers Choice awards.