Absolute Estate Auction
Saturday, May 20, 2017 at 10:30 AM
2105 Walnut Street, White Pine, TN
Jackson Real Estate and Auction has been commissioned by the heirs of the Cora Inez Keller Rines estate to sell at Absolute Auction this 2 bedroom, 1 Bath, 840 square foot house built in 1955. The house has been kept up and well maintained. The house is sitting on approximately 1 acre of property inside the city limits of White Pine, TN and zoned R-1 (Rural Residential District).
The property has utility water, city sewer and natural gas available to the property and is almost level with several hundred feet of road frontage. Located just off State Street on Walnut Street, you can walk to several area banks, grocery stores, furniture stores and several fast food restaurants. White Pine is centrally located between Morristown and Newport and from the house located at 2105 Walnut Street you are a short drive to Douglas Lake and the Great Smoky Mountains.
We hope to see you on May 20, 2017 at 10:30am to buy this property at absolute auction, where you the bidder shall set the price.
DIRECTIONS: From I-81 exit 8, turn onto Hwy 25E and go South 1.8 miles. Turn left on Walnut Street. Auction Site is 3/10 a mile on the right.
LEAD BASE PAINT DISCLOSURE: Any house built prior to 1978 has the potential to have lead base paint. Therefore, all potential buyers shall have a 10 day right to inspect. The inspection date begins on May 8, 2017.
TERMS OF SALE: Buyers must have a personal check, cashier’s check or cash onsite to pay a 10% deposit on day of sale. Buyers will be required to sign a contract and promissory note for the amount of their bid. Said note shall become null and void at the closing. All deposit money shall be held in a trust account until closing. Personal property is to be paid for day of sale.
CLOSING: Final settlement and closing shall occur on or before 30 days. Closing and transfer of deed will be at Jefferson Title, Dandridge, TN.
DISCLAIMER: All information contained herein is from public records and is not guaranteed. Property sold in “As-Is” condition. A title opinion has been completed by Attorney Larry Churchwell, and that opinion is available to the public. According to the attorney, the title to the properties are free and clear of liens and can transfer. Title insurance is available upon request. Please measure and inspect to your satisfaction. By bidding publicly, the buyer is stating that they have completed their due diligence, the Buyer is waiving any further inspections, are satisfied with all aspects of the property, and have the necessary funds to close.