ONSITE, LIVE AND ONLINE AUCTION 10 am CDT SATURDAY, MAY 17, 2025
3 Bedroom and 2.5 bathroom home located on +- .49 acres to be offered at auction on May 17, 20025. Auction location is 628 Cypress Creek Marina Road, Linden, TN 37096.
Open House will be Sunday, May 4, 2025 and Sunday May 11, 2025. 2:30 -5:30 pm both days.
For more information contact Jacqueline L. Kittrell-
Broker/Auctioneer #2293, Owner/Broker #230179
https://go.realtracs.com/1W2f06B
931-698-3342 or j_kittrell@bellsouth.net
This listing certainly describes a charming property with a lot of appealing features. A serene setting near the Tennessee River sounds like a perfect retreat, and the addition of a spacious storage building is a great bonus.
If you're planning to attend the auction or open house, it seems like an opportunity to explore a home that offers both comfort and practicality.
- +- .49 Acres
- 3 Bedroom
- 2.5 bathrooms (shower)
- Kitchen remodel 2023
- Vinyl flooring 2023
- 25x50' concrete floor storage building with horizontal doors for easy access
- (2) wooden decks
- Covered front porch
- 10x10' storage building
- Walking distance to ramp for access to TN River
- Private dock with slip rental availabl
COMPLETE DETAILS WITHIN LOT DESCRIPTION.
AUCTION TERMS AND CONDITIONS (“Conditions”)
(Please Read Carefully. You are advised to consult an attorney before signing.)
PROPERTY ADDRESS: 628 Cypress Marine Road Linden, TN
AUCTION TYPE: Reserve
EARNEST MONEY DEPOSIT: 15% of the highest bid price.
BUYERS PREMIUM: 10% of the highest bid price.
By registering to participate in this auction you certify that you are 21 years of age and that you have read and agree to be bound by the following terms and conditions.
- Agency Disclosure: Jacqueline Kittrell Broker, Auctioneer, any co-broker who brings buyer to sale and all licensees employed by or associated with the Auctioneer represent the seller in the sale of the property or properties being sold at auction.
- Buyer’s Premium: Payment of the Buyer’s Premium is the sole and absolute responsibility of the successful bidder and shall be paid to the Auctioneer immediately after being declared the successful bidder by the Auctioneer. The Buyer’s Premium shall not become part of the total purchase price and shall only be refundable as provided for in these Conditions or the Contract. The Buyer’s Premium is 10%.
- Earnest Money Deposit: In addition to the Buyer’s Premium, the successful bidder shall pay the Earnest Money Deposit to the Auctioneer immediately after being declared the successful bidder by the Auctioneer. The Earnest Money Deposit shall only be refundable as provided for in these Conditions or the Contract and shall be credited toward the purchase price at the closing. The Earnest Money Deposit is 15%
- Contract of Sale: The successful bidder for the property shall be required to execute and deliver an Auction Purchase and Sale Agreement (the “Contract”) immediately after being declared the successful bidder by the Auctioneer. Failure to sign and deliver the Contract will be deemed as a breach of these Conditions and result in forfeiture of the Buyer’s Premium and Earnest Money Deposit. A sample copy of the Auction Purchase and Sale Contract can be found under the documents tab on the details page for each specific auction property. You can also request that a copy be sent to you by email, regular mail or fax by calling 931-698-3342. Please review it with your attorney for approval prior to bidding.
- Closing Period: The closing of the transaction contemplated by the Contract shall be 30 days from the date of the auction, unless otherwise provided for in the Contract. Time is of the essence as to the closing date.
- Financing: You acknowledge that your bid is not contingent upon financing and that any financing is solely your responsibility. It is recommended that you pre-qualify for loans and confirm that your lender can close in accordance with the terms of the Contract.
- Property Is Sold “As Is”: You acknowledge that the property, including any buildings or other improvements thereon, is offered for sale and sold “AS IS” without representation or warranty of any kind.
- Inspections: Personal on-site inspection of the property prior to the auction is strongly recommended. You are encouraged to have inspectors, architects, and/or engineers examine parcels prior to bidding. By placing a bid on the property, you acknowledge that you have either inspected the property or waived your right to inspect the property prior to bidding.
- Due Diligence: You are encouraged to conduct a title search and survey of the property prior to bidding. You should exercise due diligence as to property usage, zoning and building code restrictions and or violations that may or may not exist as to the subject property. Property descriptions are deemed reliable but not guaranteed.
- Reserve Sales: In the event that a property is being sold as a "Reserve Sale”, until the seller's reserve price is met, Seller my "Counter Bid" on behalf of the seller. Internet bids may appear as " Live bidding" during the online auction. "Counter Bids" from seller do not occur after the seller's reserve price is met. In the event that the high bid on a parcel is less than the minimum price established by the seller, the sale shall be subject to approval by the seller. The seller shall have 72 hours to accept the bid or negotiate an alternate price. If the seller does not accept the bid or negotiate an alternate price, the Earnest Money Deposit and Buyer’s Premium shall be returned to Purchaser in full. If seller agrees to accept the bid or agrees to an alternate purchase price, the sale shall be deemed final.
- Internet Bids: The Auctioneer reserves the right to accept “Internet Bids” during or before a live auction event, whereby potential bidders unable to attend the live auction may place a bid via the Internet for a specific property. Internet bids will be announced as the opening bid at the start of the live auction or as an Internet Bid during the live auction.
- Offline Bids: The Auctioneer reserves the right to accept “Offline Bids” during an online auction event, whereby potential bidders unable to attend the online auction may place a bid offline via phone, fax, mail or email for a specific property. Offline bids may be recorded as “Offline Bid” or “ Phone Bid" during the online auction.
- Bid by Mail: The Auctioneer reserves the right to accept bids by mail during a live or online auction. Once a bid is received by mail it will be announced as a “BID BY MAIL" during live auctions and may be recorded as “Offline Bid” or "Written Bid" during online auctions. The successful bidder will be notified via mail and/or telephone at the end of the auction. Bids submitted by mail are subject to the same approvals as all other bidders at the online or live auction.
- Bidding: Each bid is, by law, an irrevocable offer to purchase and each higher bid shall cancel an earlier bid. Once the highest bid is determined, the Auctioneer will close the bidding and at that time the highest bid shall be declared the "Winning Bid" and be deemed the "Purchase Price" subject to the terms and conditions of the auction. Auctioneer reserves the right to begin each auction with a starting bid, which will be announced before the start of the auction or listed online as the starting bid and/or current bid.
- Breach of Auction Terms and Conditions: Failure to execute and deliver the Contract along with the required Buyer's Premium and Earnest Money Deposit will be deemed as a breach of the Auction Terms and Conditions and could result in but not limited to (a) forfeiture of Buyer’s Premium and Earnest Money Deposit, which will become immediately due and payable as liquidated damages, (b) forfeiture of any deposits made by check or credit card tendered as part of the bidding approval process, to be applied first as a credit towards the amount of any Buyer’s Premium due, or (c) court-ordered "specific performance" of the contract.
- Delinquent Taxes: In the event that a property is being sold "subject to existing liens and/or delinquent taxes,” the buyer shall assume responsibility for all current and delinquent taxes. The buyer shall also be responsible for contacting the proper vendors, lien holders and/or taxing authorities to verify exact delinquent amounts. Taxes are prorated for current year and paid through 2024
- Marketing: All informational tools, including but not limited to slides, tax maps, deeds, photos, auction listings, auction catalogs, auction signs, property record cards, videos, etc., are for identification purposes only and are neither a guarantee nor a warranty as to location, dimensions, parcel use and/or size, or anything else. G.W. Kittrell Auctions, LLC Nor Jacqueline L. Kittrell Certified Appraiser, Inc. Jacqueline Kittrell Broker/Auctioneer it’s agents and representatives make no warranty expressed or implied in connection with this sale.
- Personal Property: The removal or disposition of any personal property located on or in any parcel after the property is declared sold shall be the sole responsibility of the successful purchaser following the closing of sale.
- Auctioneer’s Decision Final: The Auctioneer’s decision regarding any bidding disputes is final, and the auctioneer reserves the right to reject any bid that is not an appreciable advancement over the preceding bid. Auctioneer reserves the right to extend the auction bidding period, declare the property sold prior to the end of the auction bidding period, cancel the auction before and/or during the auction bidding period, or alter the terms and conditions from that previously published at any time before and/or during the auction bidding period. All announcements made at the time of the auction take precedence over all other advertising or previous publications.
- Evictions: Properties are sold subject to the existing rights of all tenants. Summary proceedings or other legal actions relative to any third parties in possession of the premises, if necessary, are solely the responsibility of the successful bidder.
- Governing Law: These Conditions shall be interpreted, construed, governed by and enforced in accordance with the laws of the State of Tennessee. Under no circumstances shall the laws of any other state be applied, even where such a result would be indicated by choice of law rules. By participating in this auction, and submitting a bid to purchase this property, you hereby irrevocably consent to the personal and exclusive jurisdiction and venue of federal and state courts in Maury County, Tennessee regarding any and all disputes relating to the purchase of this property and these Conditions.
I have read and agree to the “Terms and Conditions” of this auction:
Print Name:______________________________________________________________
Signature:_____________________________________________________ Date:______________