504 Gunters Way
SELLING SUBJECT TO OWNER CONFIRMATION
The following Property was purchased by Seller subject to a Right of First Refusal. Although the Right of First Refusal has not been exercised, the Auction proceeding as to these properties will be governed in accordance with the terms thereof which requires a reserve of fair market value.
Should these properties not sell in a reserve auction, they will be included in the absolute auction. Seller and Auctioneer do not guarantee these properties to be availableat absolute auction.
Situated on .81 +/- ares, this waterfront home has 4 bed/ 3.5 bath and offers great views of the beautiful Emory River.
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For a printable property info sheet click here .
PROPERTY TOUR INFORMATION
Auction representatives will be available at the properties from 10:00 a.m. until 5:00 p.m. on the following dates: July 10th, 11th, 12th, 17th, 18th, 19th, and 24th.
The Auction Information Office will be located at 504 Gunters Way. You may contact our auction representatives directly at 800.558.5464.
DIRECTIONS TO PROPERTY/AUCTION INFORMATION OFFICE
From I-40 East, take the TN-58 South exit (#352) towards Kingston. Turn left onto N. Kentucky Street. Travel 1.5 miles (N. Kentucky St. become Sugar Grove Valley Road). Take sharp left onto Peninsula Road. Travel 0.7 miles. Take slight right onto Emory River Road. Continue on Emory River Road to entrance of Property (look for sign). The Auction Information Office will be located approximately 1 mile from the entrance of the Property at 504 Gunters Way, Harriman, TN (look for sign).
AUCTION EVENT SITE & REGISTRATION
The auction event will be held on site at the intersection of Emory River Road and Gunters Way (look for auction tent). Registration will begin at 9:00 a.m. (ET) and the auction will begin at 11:00 a.m. (ET).
AUCTION - COOPERATING BROKER PARTICIPATION
Cooperating Broker participation for the auction is invited. Up to 2% commission will be paid a Cooperating Broker. For Cooperating Broker Incentive Program, visit www.jpking.com or call 800.558.5464 for more information.
BUYER'S PREMIUM & TERMS
A seven-percent (7%) Buyer's Premium will be added to the winning bid price to arrive at the total contract price paid by the Buyer. A ten-percent (10%) down payment (based on the total contract price) will be required on auction day and will be held in escrow. Earnest money deposit(s) can be paid with personal or company check. Closing will be on or before thirty (30) days from the date of auction.
Excellent auction financing is being offered by Enrichment Federal Credit Union. For home purchases, up to 85% of the sales price can be financed for loans up to 30 years, with fixed and variable rates from 2.875% to 4%. For additional information, qualifications, and pre-approval process, please contact Joy Roberts at 865.482.0045, ext. #1604 or Mark Hembree at 865.482.0045, ext. #1109.
The use of any third parties by J.P. King in association with the conduct of the Emory Road auction is by sole agreement between J.P. King and said third party and should not be construed as an affiliation with or an endorsement of said third party on behalf of the Tennessee Valley Authority.
The term “waterfront” as used herein does not imply that property will be conveyed to the water but only that there are no intervening interests between the property being conveyed and TVA property that touches the water.
J.P. King Auction Company, Inc. 256-546-5217 Jerry Craig King, #1525; J. P. King Auction Company, Inc., #123 Lanny G. Thomas #6296; J. P. King Auction Company, Inc., #123
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