Name Wayne Ward lake auction
Auctioneer Russ Swanay Real Estate
Type Online-Only Auction
Date(s) 4/19/2021 - 4/27/2021
4/19/2021 8:00 a.m. 4/27/2021 6:00 p.m.
Preview Date/Time 03/25/2021 4:00 p.m. 04/27/2021 6:00 p.m.
Checkout Date/Time 4/27/2021 8:00 p.m.
Location 4800 BLOCK OF HWY 321
BUTLER, TN 37640
Buyer Premium No BP
Description
GORGEOUS WATAUGA LAKE FRONT PROPERTY BUTLER, TN OFFERED AT PUBLIC AUCTION THIS IS AN ONLINE AUCTION EVENT BIDDING STARTS APRIL 19TH AND ENDS APRIL 27TH 7 +/- ACRES OF LAKEFRONT PROPERTY 3 TRACTS BEING OFFERED AS A WHOLE NO BUYERS PREMIUM DIRECTIONS: From Elizabethton, take Hwy 67/321 toward Butler. Turn onto Hwy 321 property is located in the 4800 block of Hwy 321. See auction signs at street and property. AUCTIONEERS NOTE: You will be amazed at the scenic and pristine setting. Gorgeous lake and mountain views in every direction. Absolutely amazing building site for your new home, offers a private setting, and has easy entrance off of Hwy 321. Watauga lake has been deemed one of the cleanest lakes in North America. Watauga Lake is nestled within the Cherokee National Forest, is approximately 16.3 miles long with 104.9 miles of shoreline. The lake surface covers 6,430 acres and the estimated depth is 265 feet at the dam. At full pool, Watauga's elevation is the highest of all TVA lakes at 1,959 feet above sea level. Tract 1-A is the house tract, has 1.02 acres and is completely level and offers 228' of gentle sloping Watauga lake frontage. Perc test for a 3 Bedroom home. Tract 1-B is lake frontage and water property. Tract 2 - Is 3.10 acres of mountain property, offers 138' of Watauga Lake frontage and lays directly across the lake from the subject property. (This property has no legal access for ingress and egress) TERMS AND CONDITIONS: 10% down at contract signing. Closing to be within 30 days of contract signing. If you do not have a working relationship with our auction company, you will need to provide a $10,000.00 deposit before you will be approved for bidding. See additional terms and conditions at our bidding url. RUSS SWANAY REAL ESTATE OFFERS COMPLETE AND COMPREHENSIVE REAL ESTATE AND AUCTION SERVICES. VOTED # 1 BY THE READERS CHOICE OF CARTER COUNTY FOR BEST AUCTION AND REAL ESTATE FIRM. TO VIEW OUR CURRENT AUCTIONS, REGISTER OR BID ONLINE VISIT: WWW.SWANAYPROPERTIES.COM BEST WAY TO BID ONLINE: 1. Place your maximum bid with confidence! Our easy and trusted bidding system ensures you get the best prices. Your bid stays at the lowest price required to keep you in the lead, and increases only if another bidder places a competing bid. 2. In the event the bidding surpasses your maximum bid you will be notified prior to auction close with the option to adjust your bid. Bid with Confidence! 3. Bid with confidence as you are the only person with visibility to see your maximum bid! With our secure auction platform, we can only see the current bid price!
Auction Terms & Conditions AUCTION TERMS AND CONDTIONS FOR UPCOMING AUCTION WILL BE CONSIDERED PART OF THE BUYERS CONTRACT. TERMS AND CONDITION FOR REAL PROPERTY AUCTION APRIL 19TH THROUGH APRIL 27TH, 2021 WAYNE WARD PROPERTY PARCEL ID # 062 013.01 7 + OR - ACRES BUTLER, TN 37640 10% DOWN DUE IMMEDIATELY UPON SIGNING OF CONTRACT. SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT UPON ACCEPTED BID BY SELLER. THERE IS NOT BUYERS PREMIUM FOR THIS AUCTION. CLOSING TO TAKE PLACE WITHIN 30 DAYS OF CONTRACT SIGNING. EARNEST MONEY DEPOSIT WILL BE FORFEITED IF BUYER DEFAULTS ON THE CONTRACT. A $10,000.00 DEPOSIT MUST BE PRESENTED TO THE AUCTION COMPANY PRIOR TO BEING APPROVED FOR BIDDING. IF YOU DO NOT HAVE A WORKING RELATIONSHIP WITH THE AUCTION COMPANY THEN YOU WILL NOT BE APPROVED TO BID UNLESS A CHECK OR BANK WIRE OF FUNDS IS PRESENTED BEFORE THE END OF BIDDING TIMELINE. THE SELLER OR AUCTIONEER WILL NOT BE RESPONSIBLE FOR ARRANGING ANY FINANCING. PLEASE MAKE SURE YOU HAVE THE NECESSARY RESOURCES BEFORE BIDDING. 2021 PROPERTY TAXES WILL BE PRORATED. SELLER WILL FURNISH DEED. BUYER(S) WILL PAY ANY OTHER EXPENSES. 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 SELLING WITH A CURRENT SURVEY AND TAX DATA. TRACT # 2 HAS NO LEGAL ACCESS OTHER THAN LAKE FRONTAGE. 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. THERE IS NO WARRANTY, EITHER WRITTEN OR IMPLIED ALL IMPROVEMENTS ARE BEING “SOLD AS IS.” OWNER WILL TRANSFER THE PROPERTY WITH A WARRANTY DEED. IT IS THE BUYERS RESPONSIBILITY TO PAY FOR THEIR OWN TITLE OPINION AND RECORDING FEES. AUCTIONEER RESERVES THE RIGHT TO REJECT ANY BID CONSIDERED TO NOT BE IN THE BEST INTEREST OF THE SALE. PROPERTY BEING OFFERED WITH A RESERVE. THE AUCTIONEER NOR THE OWNER, WILL NOT BE HELD LIABLE FOR ANY ACCIDENTS THAT MAY OCCUR ON THE PREMISES. RUSS SWANAY REAL ESTATE P.A.L. # 4465 112 SOUTH ARMED FORCES DRIVE ELIZABETHTON, TN 37643 PHONE (423)543-5741 AUCTIONEER: DAVID COLLINS --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000,000.00 100.00 USD
1,000,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium No BP
Payment Terms
Auction company will contact the successful bidder directly after the auction for payment options. Down payment must be received in full within 24 hours of auction ending. A minimum of $10,000.00 by check or wired funds must be submitted before you will be approved for bidding.