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08.26.17 - WATTS BAR LAKEFRONT HOME AUCTION

Dates & Times (US/Eastern)

In-person:
Sat, Aug 26, 2017 10:00 am - 5:00 pm

Sale Address

Sale Description

Watts Bar Lakefront Home Auction

Date: 08/26/2017

Time: 10:00AM

Location: 168 Henley Point - Kingston, TN 37763

Saturday, August 26th at 10:00AM

Live Onsite Real Estate Auction

168 Henley Point - Kingston, TN 37763

OPEN HOUSE:

Thursday, August 24th from 3-6PM

Watts Bar Lakefront Log Home with Boat Dock

Gently sloping lot leading to the lake with many mature trees surrounding the property, making a park-like setting

5 Bedrooms & 3.5 Bathrooms

Main Level Features:

Kitchen with island and tile floor

Open floorplan with kitchen, dining area and living room

Living room with cathedral ceiling, wood-burning fireplace (stone fireplace & hearth), and skylights

Main bathroom with laundry area

Master bedroom with half bath & large walk-in closet

Guest bedroom with walk-in closet

Hardwood flooring

Covered deck overlooking backyard and lake

Upstairs features:

Loft bonus room with wet bar & mini fridge - open to the main level living room

2 Guest bedrooms

Full Bathroom

Basement features:

Den with full kitchen leading to patio

Guest bedroom

Full bathroom

Oversized one-car garage (extra long for boat storage)

Pea-gravel paver walkway leading through the backyard to the lake

Circle driveway

Current tax appraisal: $409,900.00

Current 2016 property taxes: $2,638.73

Year built: 1988

Approx. 2932 SF (1312 SF Main Level, 964 SF Upstairs & 656 SF Basement)

Lot Size: 0.56 acre

***PLEASE NOTE: In order to bid online, please follow the instructions to register to bid. Once registered, Powell Auction & Realty, LLC will contact you to approve you to bid. Before being approved to bid, a bank letter of guarantee or pre-approval letter must be received by Powell Auction & Realty, LLC. Once received, your online bidding will be enabled and you may then bid online*** TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions, and any other documents needed 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 sales contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. Title One to conduct the closing. Current taxes will be prorated at the the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. All properties are sold “AS-IS, WHERE-IS and WITH ALL FAULTS,” without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Tennessee Residential Property Exemption Notification will be a part of the sales contract. ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. 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 information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Important Information

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