Auction Details

Gossett Estate - House Fixer-Upper with 6 acres  -  Online Auction


Dates
Starts: Wed, Jan 29 at 12:00 AM US/Central

Ends: Thu, Mar 5 at 6:00 PM US/Central

Gossett Estate - House with 6.5 acres
(Offered in 2 Tracts / 3 Bidding Lots)

A "Fixer-Upper" opportunity on Bell Branch Road.
A vacant 2.5 acre lot for your next home!
This property has development potential.

OPEN HOUSE DATES: Sunday, Feb. 16th & 23rd - 1:00pm
Contents are NOT included with sale of real estate.
Please excuse the mess of the personal property.

This single family home was built in 1948 and needs updating, repairs & some improvements.  This is the ideal "Fixer-Upper" project with land.  The property is 6+ acres and being offered in 3 Bidding LOTS (2 tracts).

# 1 - House with 4 acres
# 2 - 2.5 acres to the right (North) of the house - VACANT
# 3 - House with all 6.5 acres (#1 & #2 combined)

See Auction Plat - (Select Documents Tab)
The final purchase amount will be determined by the final survey should this parcel sell in TWO tracts.  If property is sold as a whole, in one tract, it will transfer per existing deed without the need of a new survey.
The proposed vacant lot of 2.5+/- acres is estimated to have approximately 160' of road frontage and 660' deep. 

The house boasts over 1,600 square feet of living space under roof!  There are currently two bedrooms and one full bath, but definitely room for more.  There is a fireplace in the den / living room (with gas logs).  Some rooms feature original pine T&G paneling and oak flooring.  The kitchen has exposed beams with pine T&G on the ceiling.  So much potential!
The house has a metal roof, central HVAC and a back patio under roof.

Room Sizes:
Living Room / Den: 21' x 19'
Bedroom #1: 16' x 12'
Bedroom #2: 12' x 12'
Kitchen 20' x 11'
Sitting Room: 18' x 8'

Outside Dimensions of House - 45.5' wide x 47' deep (one side) and 26' deep on fireplace side

There is more than enough room to expand the footprint of this house if needed.

This property is located inside the corporate limits of Town of Centerville and on public sewer.  There is a map 
PROCEDURE: The property will be offered in 3 bidding lots.  #1 - 2.5 acres; #2 - House with 4.5 acres; #3 - House with 6.5 acres.  Each lot is being offered "With Reserve" while the Estate selects the best manner to sell.
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 45 days.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding.  This is a  Reserve Auction whereby seller reserves the right to accept or reject the high bid.
BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer.
CLOSING: Closing shall take place 45 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed.  Closing date may be extended to allow time for completion of survey.
POSSESSION: Possession will be given at closing - Date of Deed.
TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE.
REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. There are no liens on this property and all taxes are paid current.
EASEMENTS: Sale of said property is subject to any and all easements of record.
SURVEY: No new survey unless property is sold in individual tracts.  Selling in individual tracts will require a new survey and Town of Centerville approval.
AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller.
ZONING: Currently, the property is Residential. The property is located approximately 0.5 mile off Hwy 48. This is approximately one hour west of Nashville, TN
UTILITIES: Public Water, Sewer, Gas & Electricity are available.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report.
 

Aerial Boundary Plat View

REALESTATE

Aerial Boundary Plat View

Download

PLAT showing Bidding Lots

REALESTATE

Multiple Tracts - 2 Tracts

Download

Sewer Lines Location

REALESTATE

Sewer Lines

Download

Join our Email List

Exclusive E-Mail List for Updates on our Upcoming Auctions & Liquidations

Hudgins Auctions
Southern Way Real Estate
111 Progress Center Plaza
Centerville, TN 37033

David: 931-994-7144

Susan: 931-994-1751

Auction Firm License - TN5232