Auction Information
COURT ORDERED: 3 BR RANCH, GARAGES, LG CORNER LOT
Slater Auction & Realty Group
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Located on the corner of Forrest Road and Dogwood Drive in Fall Branch, Tennessee, this property offers a great opportunity for homeowners, investors, or buyers looking for a home with lots of potential. Situated on a large 199.93' x 200' (0.92± acres) corner lot, the property is improved with a ranch-style home with full basement and drive-under garage. Home offers 3 bedrooms, 1.5 baths, formal living room, and large eat-in kitchen. Additional improvements include heat pump, carport, and large detached garage offering excellent storage, workshop, or hobby space. This court-ordered auction presents an excellent opportunity in the beautiful Fall Branch area.
AUCTIONEER’S NOTE: Please note there is bow in the basement wall; a certified field inspector has evaluated the condition and provided a repair estimate. See documents for copy of estimate. Buyers interested in viewing the property prior to auction day may contact Auctioneer Danny Slater at (423) 677-5598 or coordinate a private showing through the real estate agent of their choice. Auction preview beginning sale day at 4:30 p.m. until sale time at 6:00 p.m.
REAL ESTATE TERMS: Chancery Court Ordered Auction Sold Subject to Court Approval. A 10% earnest money deposit of the contract sales price, sale day, to be deposited and held in Slater Auction & Realty Group’s escrow account. If sale is approved by the court, Buyer to be given up to 30 days from court approval to close on the property. Buyer to be given credit for the earnest money deposit at closing of the real estate, if approved. If not approved, deposit to be immediately refunded to the Buyer. Lead-Based Paint Disclosure applies. Buyers must conduct any desired lead-based paint inspection or risk assessment during the 10-day period beginning June 6th prior to auction day, or sign the Lead-Based Paint Disclosure waiving their opportunity on sale day. Call for details. Real estate sold subject to court approval. NO BUYER’S PREMIUM!
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