10/10/2020 - Absolute Real Estate Auction - 22.43 +- Acres Hammond Avenue, Mount Carmel, TN 37645
Updated: May 27, 2021
ABSOLUTE REAL ESTATE AUCTION
22.43 Acres+- zoned R-M, Hammond Ave. and Bordering Hammond Estates with sewer and water, can be single family development or apartments, duplexes, patio homes, selling to the highest bidder, regardless of price, no minimum, no reserve!!
SATURDAY, OCTOBER 10TH, 2020 @ 10:00 A.M.
REAL ESTATE DESCRIPTION: New survey and corners are located on this 22.43 Acre +- Tract, “The Baldwin Property”, sewer, water, R-M Zoning which allows duplexes, apartments, patio homes or single family. This property would make a perfect single home site as well if you desire some acreage where you would build your dream home. It will sell as a whole and at Absolute Auction to the highest bidder regardless of price, no minimum, no reserve.
DIRECTIONS: From Kingsport, take Hwy 11-W to Mt. Carmel and turn right on Hammond Ave. and then proceed for approximately ¾ mile and the property is on the left. Also, there is frontage on a short street in Hammond Estates, PLEASE WATCH FOR OUR AUCTION SIGNS!!
TERMS OF SALE: 10% of final sales price to be deposited into our Auction Escrow Acct. with the balance due on or about 30 days from sale date. WE WILL CHARGE A 10% BUYER’S PREMIUM TO BE ADDED TO THE FINAL BID TO DETERMINE THE FINAL SALES PRICE.
BROKER’S PARTICIPATION FEE: We will offer a 25% Broker Participation Fee on the Buying side of the transaction to any Firm/Agent who registers their buyer on our referral form 24 hours prior to the sale and the bidder is the top bidder sale day and the transaction closes.