600 Old Lebanon Dirt Rd. Hermitage TN
ABSOLUTE AUCTION ONLINE ONLY / HERMITAGE, TN SINGLE FAMILY HOME
600 OLD LEBANON DIRT ROAD - HERMITAGE, TN 37076
600 Old Lebanon Dirt Rd. Hermitage TN 37076 will sell at Absolute Auction !ONLINE! beginning November 4th!
Public Open House November 13th, 1:00 - 3:00 p.m.
Here is a great opportunity to purchase a home in a great area and finish it to flip, rent, lease or live. This 3 bedroom 2 bath home has a great floor plan, one car garage, newer roof, new HVAC. Home has been prepped for finishing. What does that mean? The kitchen, bathrooms and all flooring have been completely removed, leaving a clean slate for some new fresh ideas. The home was built in 1984 and has 1,213 sq ft. and was a one owner home since its construction. The lot size is .25 acres, with partial fencing.
Living Area - 18' x 16', with 11' vaulted ceilings, sliding glass doors to the back yard.
Eat in Kitchen - 9' x 18' with pantry and laundry room. All appliances and cabinetry have been removed.
Bedroom 1 - The primary bedroom is 12' x 14' with walk in closet and on suite bath (sink and toilet have been removed).
Bedroom 2 - 10' x 10' with closet
Bedroom 3 - 10' x 11' with closet and built in book shelves.
There are three additional closets; one in foyer and two in the hallway.
This property is selling at absolute auction, online only in November! Cash only sale.
Pre Auction Offers will be considered and must be submitted to Mike Walker at email@example.com 615-308-9009
To preview this property, call Mike Walker CAI Broker / Auctioneer at 615-308-9009
Owner Agents Mike Walker / Cynthia Walker
TERMS & CONDITIONS, READ ALL MATERIALS: 600 Old Lebanon Dirt Road Hermitage, TN 37076
Bidding Starts: November 4th, 2022 at 8:00 a.m. CST
Bidding Ends: Thursday November 17th, 2022 at 6:00 p.m. CST
The house was built in 1984 on approximately .25 acres, and has approximately 1213 square feet, per the tax record, and consists of three bedrooms and two bathrooms, and a large living room with a cathedral ceiling that is open to the eat in kitchen. There is also a small laundry closet in the kitchen. There is a one car oversized garage and a four-space aggregate driveway. The home has vinyl siding and brick. The HVAC heat pump was installed in 2018 and never hooked up to electricity until the week of 10/20/22. The unit was serviced, new electrical box and breakers installed, new thermostat, and all new ductwork and vents were installed the same week. A new 30-year roof was installed in September of 2013 and is still under warranty which is transferable. All the flooring has been removed and an initial primer coat has been put on all floors and most of the walls in preparation for nail hole repairs and new paint. All the kitchen cabinets and sink have been removed. In both bathrooms, the vanities and commodes have been removed. The fiberglass tubs remain, with one needing a small repair. Some of the interior hollow core doors will need replacing. There are a total of four windows in the house, and they need replacing. The rear deck was removed as well as numerous trees away from the house.
• Open House and Preview will be held on Sunday November 13th, 2022, from 1:00 p.m. – 3:00 p.m. CST.
If you are a realtor, call for instructions. 615-308-9009. We encourage all prospective buyers to attend the open house and preview.
It is your responsibility to read and accept the Auctioneer's terms and conditions prior to placing your bid. When you place a bid, you agree to be bound by the Auctioneer's & Hi-Bids terms and conditions. By placing a bid, you are entering into a legally binding and enforceable contract. All internet bidders agree that bids placed on the internet shall have the same legal effect as if in attendance of the auction in person. ASK QUESTIONS BEFORE YOU BID. THERE ARE NO REFUNDS OR BID RETRACTIONS!!! DO NOT WAIT UNTIL THE AUCTION STARTS ENDING TO REGISTER TO BID!
The Auctioneer, in his sole discretion, reserves the right, and may extend the end date of the auction or deem the auction cancelled at any time during the auction, and may remove the lot at any time before or during the auction.
• Agreement of Purchase & Sale
Immediately following the close of the bidding, the high bidder will be required to enter into a Purchase and Sale Agreement via email DocuSign and wire a 10% down payment of the contract purchase price as earnest money, which is a non-refundable earnest money deposit. This wire must be received by 4:00 PM the following day of the auctions closing to Lee & Lee Attorneys, Lebanon, TN 615-444-1312 (Cindy Blevins is the contact)
• NO Buyer’s Premium
• Bid Deposit / Authorization
All bidders must receive a bid number to bid. A valid driver’s license and credit card are required to bid. All bidders will be required to send the auctioneer a copy of your driver’s license either by email or a photo texted to the auctioneer at 615-308-9009. Your name on your driver’s license MUST match the name on your credit card. Upon request to bid and submitting your information, you will receive a call from the auctioneer to be qualified to bid. You will also be required to provide a bank letter of credit or proof of funds to the auctioneer to be eligible to bid. After speaking with the auctioneer, then, at the auctioneer’s discretion, you will be approved to bid. We require all Onsite auction bidders to supply a valid driver’s license as well as all Online bidders of real estate. Bidder agrees that a $500.00 hold can AND may be placed on their credit card for an internet service fee and that if they are the winning bidder and fail to close under the terms of this agreement, the $500 internet service fee is non-refundable and will be charged to their credit card. This authorization is not actually charged to your card. If they are not the winning bidder, the $500 internet service fee will be released, and the credit card will not be charged. The successful bidder will be required to sign the “Purchase and Sale Agreement” immediately following the close of auction and deposit 10% of the total contract price into the attorney’s escrow account, no later than 4:00 p.m. CST, Friday November 18th. Failure to do so will be considered a breach of contract.
• Debit Card Warning
We require bidders to secure their accounts with a credit card. Some of our auctions further require a deposit. If you use a credit card to secure your account, the auction deposit will take the form of a credit card authorization and will count against your credit limit for the duration of the authorization (up to 10 business days). Walker Auction & Realty, LLC highly recommends you secure your account with a credit card and is not responsible for any issues arising from the use of a debit card to secure your bidding account. Add a debit card at your own risk.
• Auction Ending
Beginning at the stated closing time, the auction software will conclude bidding with the following exception: if a bid is placed in the last 3 minutes remaining for that auction lot, bidding for that lot will remain open for an additional 3 minutes; and will continue to be extended until there are no more increases within the 3-minute time frame.
• Soft Close Groups
This auction will be using the soft close method. If a bid is placed in the last 3 minutes remaining in the auction, the bidding will remain open for an additional 3 minutes.
• Payment and Closing
The Purchaser shall pay a non-refundable amount equal to 10% of the total contract sales price to the Escrow Agent / Closing Attorney by 4:00 p.m. CST, Friday November 18th. The Escrow Agent / Closing Attorney will only accept payment by wire transfer. The Purchaser will be charged for the wire transfer fee (typically $15.00). The purchaser shall pay the remainder of the total contract sales price at the real estate closing. Closing shall take place on or before December 20th, 2022. The Escrow Agent / Closing Attorney will schedule and conduct the closing.
• Escrow Agent / Closing Attorney
The purchase monies, in respect to the real estate shall be paid to and deposited with:
Lee & Lee Attorneys at Law, 109 East Gay St., Lebanon, TN 37087 615-444-1312 / Closing Attorney
The Seller will NOT provide a new boundary survey. We will provide the tax map description and overlay of the property’s boundaries.
Seller shall provide a good Warranty Deed.
• Evidence of Title
Auctioneer has posted a title of opinion with other supporting documents on its website. Seller agrees to provide merchantable title to the Property subject to matters of record, general conditions of title and similar or related matters identified in the title commitment.
• Title Insurance
The Purchaser may obtain an owner’s title insurance policy in the amount of the purchase price from the Closing Attorney at the Purchaser’s cost. If you have questions concerning the title call Lee & Lee Attorney’s at 615-444-1312 (Cindy Blevins)
• Real Estate Taxes and HOA Fees
2022 taxes will be paid by the seller. Current taxes are $ 1,570.59. Taxes are current. The home is in Jacksons Retreat Subdivision Phase 3. The previous owner and the current owner have never been a part of the HOA and have never had to pay any HOA dues or fees. Because the property is in Jacksons Retreat, the buyer will be required to sign a hold harmless from any and all claims, liabilities, or cost arising in any form, in connection with the homeowners’ association and or property management dues and fees.
The seller shall pay the following closing costs:
o Title commitment fee
o Costs to prepare the deed
o 50% of the closing agent’s cost to close the sale
o Any legal counsel retained by Owner in connection with the conveyance of the Property
The Purchaser shall pay the following costs:
o The cost of the standard owner’s ALTA title policy, if Purchaser chooses to have a title policy issued:
o Any special endorsements to the title policy.
o Any costs associated with title insurance issued in favor of Purchaser’s lenders, if any.
o All costs arising from or relating to any loan sought by the Purchaser to finance the conveyance.
o All recording costs, transfer taxes and mortgage taxes arising from the deed, deed of trust and any other financing documents required by Purchaser’s lenders, if any.
o 50% of the closing agent’s cost to close the sale
o Any legal counsel retained by Purchaser in connection with the conveyance of the Property
• Cash Sale
This property will not go FHA or VA because all sinks, commodes, kitchen fixtures, and cabinets have been removed. It will also need the windows repaired or replaced. This is a cash sale and is not contingent on Purchaser’s ability to obtain financing, or any other buyer contingency. (Buyer’s may use financing; however, this sale is not contingent on financing, appraisals, or inspections that might be required by a lender and must be closed by the stated closing date)
Buyer(s) will be given possession upon delivery of all funds at close of escrow.
• As-Is Sale
The Purchaser shall accept the property in an as-is condition with all faults as of the closing date and the Purchaser shall specifically agree that the Seller has not and does not make any representations or warranties of any kind whatsoever, expressed, or implied, to the purchaser regarding the property or any improvements thereon. All real estate, Land, buildings, and improvements are being sold and purchased “AS-IS” without any warranties or guarantees, and representations as to fitness, use, habitability, merchantability, condition, age, shape, size, quality, quantity, environmental impact, conditions, or hazards, septic or sewer systems, condition of wells or subsurface conditions being expressed by sellers or their agents
The property is selling subject to:
Anything an accurate survey or personal inspection of the property may reveal, including any existing right-of-way(s), easements or claims to easements. Subject to, any encroachments, easements, rights or claims of parties in possession, restrictive covenants and deed restrictions in Deed Book 5200, Pages 517 Register’s Office, Davidson County, TN), zoning or subdivision regulations, building codes, governmental agency regulations, environmental conditions, lead-based paint, asbestos, radon gas, mold, hazardous materials, any mineral rights, water rights, riparian or littoral rights, and reservations or conveyances, if any. The Purchaser shall have satisfied himself as to the location and condition of the property and all descriptions prior to bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, sewer and water connections, soils work, perk test, etc., as provided by the Seller and is believed to be correct; however, neither the Seller nor the Auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information. Subject to all HOA and Neighborhood covenants, where applicable, and anything that might affect the property. ALL DOCUMENTS OR LINKS ARE POSTED ON THE WEBSITE FOR VIEWING! IF ADDITIONAL DOCUMENTS OR INFORMATION IS NEEDED…CONTACT THE AUCTIONEER PRIOR TO BIDDING!
• Soils/Perk Utility Water Information
There are no records or documents related to the septic system. This property is connected to sewer and has metro Nashville utility water.
• Agency Disclosure
Walker Auction & Realty, LLC and its representatives are exclusive agents of the Seller and are agents of no other party to this transaction.
All decisions of the Auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Seller reserves the right to deny any person the right to participate in the auction or to ban anyone from the auction who attempts to disrupt it.
• Equal Opportunity Clause
All bidding is open to the public. The Property is available to qualified purchasers without regard to a prospective Purchaser’s race, color, religion, sex, familial status, national origin, or physical handicap.
• Debt Collection & Interest Charge
The bidder agrees to pay all reasonable attorney fees and other costs incurred by Walker Auction & Realty, LLC in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due Walker Auction & Realty, LLC. Any debt collection or dispute proceedings of any kind will be heard in Wilson County, Tennessee.
• Guaranty Agreement
By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney fee.
• Age Requirement
All bidders/purchasers must be 18 years of age or older.
• Bidders Information and Security
All registration information the bidder provides to Walker Auction & Realty LLC shall be current, complete and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. Bidders must notify Walker Auction & Realty LLC if they believe that their bidder number and password have been compromised call 615-308-9009. Under no circumstances shall Bidder have any kind of claim against Walker Auction & Realty LLC, or anyone else if the internet service fails to work correctly before or during the auction. Bidder agrees that by registering for the online auction, they have accepted all Terms and Conditions. Bidder is responsible for all bids placed by their account.
• Before Bidding
Potential bidders are encouraged to make their own inspections and due diligence prior to bidding on the property. NO BIDS WILL BE CANCELED OR RETRACTED FOR ANY REASONS! READ ALL MATERIALS PRIOR TO BIDDING.
• Seller: Mike and Cynthia Walker owner/agents/auctioneers Licensed agents in Tennessee buyer and selling property for profit.