Riverbend-Estates

Absolute Auction
Riverbend Estates


PROPERTY HAS BEEN SOLD

Riverbend Estates - 3 Vacant Residential Lots
Upper Income Subdivision in Dayton, TN
Auction Date - Saturday, June 10th at 11am
Auction Location - 
8963 Dayton Pike, Soddy Daisy, TN 37379

3 Vacant Residential lots to be sold at ABSOLUTE AUCTION to the highest bidder on June 10th. The lots will sell individually or as a combination. (scroll down for map). 
Riverbend Estates Lot #'s 1, 2 and 21 as recorded in Plat Book 3 page 319 in Rhea County, TN.

There is no minimum bid or reserve price! This auction is absolute.

The deceased owner's estate has chosen to sell these lots at absolute auction. This is a great opportunity to own a beautiful lot in a wonderful subdivision.

Riverbend Estates is an upper income subdivision located in Dayton, Tennessee along the banks of Mud Creek which provides easy access to Chickamauga Lake. 

Please contact Henry Glascock with any questions at 423-991-7221

CLICK HERE to view, print or download the Riverbend Estates Deed Restrictions
CLICK HERE to view, print or download the Rhea County Tax Cards for the lots
CLICK HERE to view, print or download a sample Auction Real Estate Sales Contract that will be used on the day of the sale

Auction Terms and Conditions
AUCTION LOCATION: The auction will be held 8961 Dayton Pike, Soddy-Daisy, TN 37379. Look for ‘AUCTION’ sign. The Auction will take place at 11:00 AM Eastern Standard time.
INSPECTION: The Property is open for inspection at your own risk. Those inspecting the property assume all risks associated with any inspection of the property.
BIDDING TERMS: Pay 20% (of the purchase price, which is the high bid amount plus Buyer’s Premium) earnest money down at the auction and sign Contract of Sale. Balance due at closing within 30 days. A copy of the contract may be reviewed prior to the auction by contacting the auctioneer.
BUYER’S PREMIUM: There is a 10% buyer’s premium being charged at this auction. Example: For a $10,000 bid amount, there will be a $1,000 buyer’s premium added to arrive at a purchase price of $11,000. 
CLOSING: Balance of the purchase price is due on or before Monday, July 12th, 2017. 
AGENCY: Henry B. Glascock Company, auction firm/broker and Karl Sodergren, auctioneer, are acting exclusively as agents for the seller. 
SPECIAL NOTE: Property is selling “as-is, where-is” with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records. The only representation and warranties made are those contained in the Contract of Sale. Seller reserves the right to add or delete property, or cancel the sale, prior to the auction. Properties will be conveyed by Limited Warranty Deed. Information contained herein was obtained from sources deemed reliable. The property will sell “as-is, where-is” with no warranty, express or implied, as to improvements, soil condition, environmental and wetlands, or zoning. Although every precaution has been taken to ensure accuracy, neither the seller, Henry B. Glascock Company nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements in this letter or other advertisements. Announcements made at the auction will take precedence over written matters. 
10% Buyer's Premuim
Tennessee Firm Lic# 4513
Karl Sodergren Auctioneer TNAL# 6300
Contact Henry Glascock for more Info
423-991-7221 ~ Henry@GlascockCo.com
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