Online Only Real Estate Auction
Thursday, February 13th @ 6:00 PM
Duplex located @ 282 & 284 Jefferson Avenue
Oak Ridge, TN 37830
OPEN HOUSE: Sunday, February 2nd & February 9th 2:00 - 3:00 PM
or Call Stephenson Realty & Auction Co for Appointment 865-457-2327
A duplex located at 282 & 284 Jefferson Avenue .3 mile from Willowbrook Elementary School on the West End of Oak Ridge, TN. Each side of this duplex has 2 bedrooms, 1 bath with nice kitchen and living/den combination. Each unit has nice rear deck off kitchen for grilling and entertaining, hardwood floors, gas heat and air conditioning with updated electrical service. Duplex has vinyl siding and windows have been updated.
- New windows in both units
- New decks on both units 2022
- 282 Jefferson Avenue had new water heater installed February, 2023, kitchen floor & supports August, 2022.
- 284 Jefferson Avenue had new kitchen floor & supports August, 2020 and new bathroom floor & supports February 2023.
- Main sewer replaced August, 2022
- A/C units March, 2016- Amana Gas Pack
AUCTIONEERS NOTE: The heirs of the Kenneth & Martell Tidwell Trust have decided to sell this duplex to raise additional money for expenses of other properties. With the demand for rental properties in Oak Ridge as high as they are, this would make a great property to buy and remodel. Plan NOW to attend one of our open houses and get ready to bid.
TERMS: 10% down upon conclusion of the online auction and signing of contract with closing in 30 days. Property auctioned "AS IS" with 10% buyer's premium.
DIRECTIONS: Turn off Oak Ridge Turnpike on the West End onto Jefferson Avenue and travel .6 mile to duplex on the right.
Auction being conducted with our friends at Ayers Auction and Realty. For information on the property call Bear at 865-457-2327 and for bidding info call J.J. at 423-592-7067.
10% down upon conclusion of the online auction and signing of contract with closing in 30 days. Property auctioned "AS IS" with 10% buyers premium.
Terms Day of Sale: A 10% Deposit within 24 hours of the end of bidding, balance at closing in 30 days.
All information was derived from sources believed to be correct but not guaranteed.
A 10% Buyers Premium is added to bid price.
Property sold “AS IS, WHERE IS” with any and all faults.
ONLINE AUCTION TERMS:
Agency Disclosure: Stephenson Realty & Auction is acting as agent for the seller, not as buyer's agent.
AUCTION END TIMES: Stephenson Realty & Auction Online Auctions are timed events and all bidding will close at specified time. Stephenson Realty & Auction 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, Stephenson Realty & Auction reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor STEPHENSON REALTY & AUCTION 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 Stephenson Realty & Auction.
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 hours of the close of auction, with the balance of purchase price due at closing within 30 days after court approval. 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.
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 Stephenson Realty & Auction and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Stephenson Realty & Auction 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 Stephenson Realty & Auction, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Anderson 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. Stephenson Realty & Auction will e-mail documents to be executed and fax or e-mail back to Stephenson Realty & Auction 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. Stephenson Realty & Auction, 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, Stephenson Realty & Auction will reject the registration, and bidding activity will be terminated. The Seller and Stephenson Realty & Auction 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: Stephenson Realty & Auction, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Stephenson Realty & Auction 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: 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 Stephenson Realty & Auction 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, Stephenson Realty & Auction, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Stephenson Realty & Auction are final.
Any dispute between Stephenson Realty & Auction, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Anderson County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
Terms Day of Sale: A 10% Deposit within 24 hours of the end of bidding, balance at closing in 30 days.
All information was derived from sources believed to be correct but not guaranteed.
A 10% Buyers Premium is added to bid price.
Property sold “AS IS, WHERE IS” with any and all faults.
ONLINE AUCTION TERMS:
Agency Disclosure: Stephenson Realty & Auction is acting as agent for the seller, not as buyer's agent.
AUCTION END TIMES: Stephenson Realty & Auction Online Auctions are timed events and all bidding will close at specified time. Stephenson Realty & Auction 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, Stephenson Realty & Auction reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor STEPHENSON REALTY & AUCTION 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 Stephenson Realty & Auction.
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 hours of the close of auction, with the balance of purchase price due at closing within 30 days after court approval. 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.
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 Stephenson Realty & Auction and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Stephenson Realty & Auction 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 Stephenson Realty & Auction, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Anderson 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. Stephenson Realty & Auction will e-mail documents to be executed and fax or e-mail back to Stephenson Realty & Auction 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. Stephenson Realty & Auction, 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, Stephenson Realty & Auction will reject the registration, and bidding activity will be terminated. The Seller and Stephenson Realty & Auction 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: Stephenson Realty & Auction, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Stephenson Realty & Auction 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: 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 Stephenson Realty & Auction 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, Stephenson Realty & Auction, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Stephenson Realty & Auction are final.
Any dispute between Stephenson Realty & Auction, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Anderson County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.