ABSOLUTE AUCTION | June 17, 2017
Address: 3651 Lead Mine Rd. | Hiwassee, VA
Size: 3.38 Acres
ABSOLUTE AUCTION | BANK OWNED PROPERTY
SALE #2: Saturday, June 17th at 10:30 am to sold at the site of Sale #1 (3190 Gum Log Road, Hiwassee, Virginia)
Previews: June 9, June 10 and June 16- 12 noon to 4 pm or by appt.
Investment or Rental Income
3.38 +/- acres
2 Bedroom | 2 Baths
Fields - Pasture Land - Storage Sheds
Residential Home located on 3.48+/- acres
871 sf - Ranch Style Home, Built 1973
2 Bedrooms - 2 Bath
Private Well and Private Septic
Fields - Pastures - Storage Sheds
Near Claytor Lake and Boat Ramps
Tax Assessed Value: $71,400.00
FORMERLY LISTED AT $82,900.00
2% Broker Participation Paid to Qualifying Agents
Download the form below, complete it and send it to Walker for approval
TERMS AND CONDITIONS
1. REGISTRATION: Bids will only be accepted from registered bidders. Your Driver’s License and a Cashier’s Check in the amount of $2,500.00, will be required to register.
2. DEPOSIT: The successful bidder will be required to sign a Contract of Sale, immediately following the falling of the hammer, and the Cashier’s Check, as detailed above, will be delivered to Auction Company. The Deposit will be applied to the Purchase Price at closing. The Deposit is Non-Refundable. Closing is to take place within 30 days of sale Time is of the Essence.
3. DEED: The property will be conveyed by Special Warranty Deed.
4. ANNOUNCEMENTS: Announcements made on the day of sale, take precedence over all prior communications, both verbal and written, concerning the sale or the property.
5. BUYER’S PREMIUM: There will be a 5% Buyer’s Premium in effect on day of sale. The Buyer’s Premium is added to each of the high bid amounts, to determine the Purchase Price for the Contract Sales Price.
6. “AS-IS”, “WHERE-IS”: The property is being sold “AS-IS”, “WHERE-IS”. Potential Buyers mustperform such independent investigations with respect to the property as they deem necessary to verify information provided by Auction Company or the Seller.
7. ADVERTISEMENTS: Allinformation provided by Auction Company and the Seller is deemedreliable but is notwarranted. The information contained in this brochure and any advertisements by AuctionCompany are subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company or the Seller.
8. REPRESENTATION: Auction Company and its representatives represent the Seller.
9. BID INCREMENTS: Auctioneer reserves the right to set bid increments.
10. PROPERTY LINES: The property lines that are drawn on Aerial Photographs are approximate and for Marketing purposes only. Prospective Buyers need to verify the lines with an accurate survey. Additionally, Walker has marked the property lines on the ground, as a reference, but the markings are subject to the verification by all parties relying on them.
11. TYPES OF AUCTION: Bank Owned Property - to be Sold “ABSOLUTE” - REGARDLESS OF THE PRICE.