Morristown, TN- Home with 15 Acres and Contents of Former Automotive Machine Shop Saturday, January 30, 2016 Time: 10:30AM 2540 Castain Drive Morristown, TN 37813 Office: Knoxville Agent: Kenny Phillips Morristown, TN- Home with 15 Acres and Contents of Former Automotive Machine Shop REAL ESTATE AND EQUIPMENT AUCTION Selling on behalf of the Denver L. Morgan Living Trust HOME SITUATED ON 15 +/- ACRES AND FORMER AUTOMOTIVE MACHINE SHOP Saturday, January 30th at 10:30AM 2540 Castain Drive Morristown, TN 37813 Brick Basement Ranch Style Home Approx. 1625 SF Main Level and 1625 SF Unfinished Basement 3 Bedrooms and 1 Bathroom Situated on 15 +/- Acres Newer Vinyl Replacement Windows Covered Front Porch Bay Window in Den Den features a Field Stone Fireplace with a Wood Burning Insert Eat-In Kitchen with tile floors, Eat-In Bar Area, and Oak Cabinets- Including Refrigerator and Rnage Updated Bathroom with tile floor and Large Vanity with Solid Surface Countertop Detached 26.5’ x 36’ Garage/ Workshop- Formerly Used as an Automotive Machine Shop Full Unfinished Basement with 1-Car Garage Door (Long enough to hold 3 Cars), Large Storage Room, Washer & Dryer Connections PERSONAL PROPERTY TO BE SOLD FOLLOWING THE REAL ESTATE 2010 HONDA FURY - 1300CC - COBRA EXHAUST - APPROX. 1712 MILES 1990 Jeep Wrangler- Approx. 52,395 miles- 4x4, Automatic, 6 cylinder 2007 SUZUKI BOULEVARD M50, APPROX. 10364 MILES - VANCE & HINES EXHAUST JOHN DEERE EZ-TRAK-227.7 HOURS - Z425-23HP-Briggs & Stratton-54" cut mowing deck REAL ESTATE 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 sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total contact sales price. The balance is to be paid in full at the deed closing within 30 days. 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 the Bidder's behalf. Current taxes will be prorated at the date of closing. All Measurements are taken from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption Notification and Lead Base Paint Disclosure Waiver will be a part of the sales contract. Lead Base Paint inspection starts January 1, 2016. All information is deemed reliable, but not guaranteed. Buyer should verify all information. PERSONAL PROPERTY TERMS: 10% Buyer’s Premium, Payment Due in Full Day of Sale. Pickup will be Monday, February 1st from 10AM-3PM. Buyers will need to arrange pickup and have labor for moving items purchased. DIRECTIONS: I-81 to Exit 8. Head North on 25E (Davy Crockett Parkway) for approximately 2 miles. Turn Left onto Old Highway 25E for approximately 2 miles. Turn Right onto Castain Drive to the property on the Right. Important Information CRS Property Report PERSONAL PROPERTY LIST Property Outline Map