Presenting at Auction
Red Rock Retreat
Online Only Auction
This will be a one extend all extend auction
900.96 acres in 29 Tracts
Bordering the Big South Fork National River & Recreation Area
And has roads leading into the Park
Located on Williams Creek Rd. & Red Rock Rd. in Oneida, TN.
Roads and trails all throughout the property. Some of trails lead into the Park.
Tracts 25 & 29 have creek frontage on Williams Creek
Most of the property has restrictions, and the remaining balance of the property is unrestricted. Look under the document section to see the deed from Pilot Rock to Moser for a list of the restrictions.
There is a gas line running all along the property on Williams Creek Rd.
Property is currently in the GreenBelt. Tracts will range in size from 15 ac. to 107.7 ac. each. Therefore, the new owners will be able to keep the property in the Greenbelt.
The sellers will provide the new buyers a Special Warranty Deed for the surface rights, and quit claim for the mineral rights. Sellers will convey all they own.
Look under the document section for the title opinion.
Auction starts October 27th and begins to end November 10th at 6 P.M.
TRACTS 1 THROUGH 12 ARE NOT SUBJECT TO THOSE RESERVATIONS AND RESTRICTIONS CONTAINED IN THE DEED FROM BIG SOUTH FORK LAND CO. , INC., AND PILOT ROCK LAND CO., INC TO H.J. MOSER, III IN WARRANTY DEED BOOK 272, PAGE 321.
THE ORANGE HATCHED AREA LYING WITHIN TRACT 27, TRACT 28 AND TRACT 29 AS IDENTIFIED ON THE ACCOMPANYING PRELIMINARY PLAT, ARE NOT SUBJECT TO THOSE RESERVATIONS AND RESTRICTIONS CONTAINED IN THE DEED FROM BIG SOUTH FORK LAND CO. , INC., AND PILOT ROCK LAND CO., INC TO H.J. MOSER, III IN WARRANTY DEED BOOK 272, PAGE 321.
THE TRACTS LYING WITHIN THE DEVELOPMENT KNOWN AS RED ROCK RETREAT MAY NOT BE RE-SUBDIVIDED INTO TRACTS CONTAINING LESS THAN 15.00 ACRES.
Look under the document section to see the plat. Showing tract sizes, roads, creek, restricted and unrestricted areas, and utilities easement’s.
Lots 1 thru 3 and 13 thru 19 have county road frontage. Lots 1 thru 3 have power in place. Lots 28 & 29 have public road access that is not maintained by the county. Road A thru 25 & 29 is a private use drive for those tracts. Road B thru 23 & 25 is a private use drive. Road C thru 17 & 18 is a private use drive. Road D thru 18 & 19 is a private use drive. All other roads identified on the plat are common use roads and trails for the use of Red Rock Retreat owners and subject to the rights retained by Big South Fork Land Co. Inc., Pilot Rock Land Co. Inc., and David Laxton and wife Ava.
Directions: Turn off HWY 27 onto West 3rd Street, go 1.2 miles, turn Right onto Williams Creek RD 2.6 miles to Red Rock Rd, turn Right onto Red Rock Rd property, or continue 2.0 miles on Williams Creek turn Right to Williams Creek property.
For Financing call:
| |||||||||||||||||||||||
Jon Fletcher, see document section for special financing information.
First National Bank
423-286-3047
All information was derived from sources believed to be correct but not guaranteed.
A 10% Buyers Premium added to bid price.
Sold subject to owner conformation
ONLINE AUCTION TERMS:
Agency Disclosure: Ayers Auction and Real Estate is acting as agent for the seller, not as buyer's agent.
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
AUCTION END TIMES: Ayers Auction & Real Estate Online Auctions are timed events and all bidding will close at specified time. Ayers Auction & Real Estate Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04.The auto extend feature remains active until no further bids are received within a 5 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ayers Auction & Real Estate reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor AYERS AUCTION & REAL ESTATE SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Ayers Auction & Real Estate.
TERMS: 10% of the final bid price as non refundable earnest money in the form of a certified check, cash or wire transfer within 72 hour of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees and any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
DEED: Good Insurable Deed at Closing.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 72 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning bidder will be charged a penalty fee of $3,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ayers Auction & Real Estate and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ayers Auction & Real Estate reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Scott County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ayers Auction & Real Estate will e-mail documents to be executed and fax or e-mail back to Ayers Auction & Real Estate within 72 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 72 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ayers Auction & Real Estate, Agents, Representatives or Employees may bid.
Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All taxes will be prorated to day of closing using the most current available year’s tax amount. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
Easements: Subject to any and all easements of record.
Zoning: This property is subject to all state and local zoning ordinances.
Disclaimer: All properties are being sold 'as is, where is'. We encourage bidders to do property inspections and rely upon their own conclusions. All information is deemed reliable, but is not guaranteed. All information is believed to be correct to the best of the auctioneer's knowledge.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ayers Auction & Real Estate will reject the registration, and bidding activity will be terminated. The Seller and Ayers Auction & Real Estate reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
Agency: Ayers Auction & Real Estate, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ayers Auction & Real Estate and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ayers Auction & Real Estate Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ayers Auction & Real Estate, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ayers Auction & Real Estate are final.
Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Scott County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.