TRACT 2: 4.47 acres of mostly wooded land joining the 1044 contour of Norris Lake for 403 ft. The property has 435 ft. of county road frontage and is unrestricted. It lays all above the road and currently has access on a 20 ft. ROW along the southern border of Tract 1. The property would have outstanding views and nice building sites at the crest. There is a small access path that has been cut down to Norris Lake.
Tract 2: 2025 Property Taxes: $468 Tax Map: 094 Parcel: 018
Warranty Deed Book: 551 Page: 845
NOTE: While there are floating docks in this area of Norris Lake, TVA classifies this area as not eligible for dock permits.
LOCATION: Hwy 25W, LaFollette, turn on Hunter’s Branch Rd. and travel 1/2 mile to a right on Demory Rd. Go 8/10 mile, bear left on West High Knob Rd. then immediate first left on Oak Run Ln. Travel 4/10 mile to property in right.
Online Auction
Home & 5.9 Ac. In 2 Tracts - Joins Norris Lake
328 Oak Run Lane, LaFollette, TN 37766
Begins to End Thursday, July 16 @7PM
Auction Begins Thursday, July 2 @ 10AM
There’s probably no cheaper way to get close to Norris Lake than this auction, located within a 5-minute drive from a free Norris Lake boat launch. This unrestricted property has a total of 5.92 acres and is being offered in two tracts.
TRACT 1: 2 bdrm, 2 bath, mobile home with 1.45 acres. The home has approx. 840 sq. ft. of living space, CH&A, and has been remodeled throughout. It comes partially furnished, with all stainless appliances, and would be move-in ready. There is a large front porch as well as a 10’ x 20’ storage building next to the home. The tract has 500 ft. of county road frontage with the driveway on an easy grade.
TRACT 2: 4.47 acres of mostly wooded land joining the 1044 contour of Norris Lake for 403 ft. The property has 435 ft. of county road frontage and is unrestricted. It lays all above the road and currently has access on a 20 ft. ROW along the southern border of Tract 1. The property would have outstanding views and nice building sites at the crest. There is a small access path that has been cut down to Norris Lake.
Tract 1: 2025 Property Taxes: $329 Tax Map: 102 Parcel: 29.00
Warranty Deed Book: 561 Page: 513
Tract 2: 2025 Property Taxes: $468 Tax Map: 094 Parcel: 018
Warranty Deed Book: 551 Page: 845
NOTE: While there are floating docks in this area of Norris Lake, TVA classifies this area as not eligible for dock permits.
LOCATION: Hwy 25W, LaFollette, turn on Hunter’s Branch Rd. and travel 1/2 mile to a right on Demory Rd. Go 8/10 mile, bear left on West High Knob Rd. then immediate first left on Oak Run Ln. Travel 4/10 mile to property in right.
Property questions, call 423-562-4941, bidding questions, call 423-286-0041.
AUCTIONEER: Paul Provins TN LIC#: 4528
10% down within 24 hours of auction completion, balance due upon closing within 40 days. 10% Buyer’s Premium added to bid price.
Sold "as is, where is", no warranties or guarantees.
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 and 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 24 hour of the close of auction, with the balance of purchase price due at closing within 40 days. 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 24 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 Campbell 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 24 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 24 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 Campbell County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
