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McLemore
Auction Company, LLC sold 1768 Long Hollow Pike,
Gallatin, TN 37066 on November
17, 2007 for $325,000.00.
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McLemore Auction
Co.,
LLC
470 Woodycrest Ave.
Nashville, TN 37210
(615) 517-7675
(615) 379-2263 fax
info@mclemoreauction.com
Firm License 5241
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Five Bedroom, Two Full
and Two Half Bath 3,173 +/- sq ft Home on 6.03 +/- acres at
1768 Long
Hollow Pike, Gallatin, TN 37066
This property features a beautiful and unique five bedroom home on 6.03
+/- secluded acres. Though the property is just minutes from
Gallatin and Hendersonville via Highways 386 and 31E, it has the feel
of a quiet country retreat. The 3173 +/- sq. ft. stone and wood
primary residence features five bedrooms, two full and two half baths,
and is organized around a central courtyard. The acreage includes:
large barn with loft, gazebo, log cabin, large pond,smoke house, fire
pit, wading pond, fruit trees, nature paths, and many picturesque views.
This house is in excellent condition and contains many amenities.
It features a suspended fireplace, a sunken Gatlinburg-style
conversation pit with custom seating, a covered rear patio and separate
deck, a tiled entryway, a large master bedroom and bath with built in
closets and cabinets, a finished basement with separate entrance, and
much more. Be sure to examine the photo gallery to view the
property
in detail or join us at the property inspection dates below.
Feature Article in
The Gallatin
Newspaper
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Sunday, November 11,
2007 from 2:00 PM to 4:00 PM Central Time
Saturday, November 17, 2007 from 8:00 AM to 10:00 AM Central Time
If these dates are not convenient for you, please contact us at
615-517-7675 to schedule an appointment at another time.
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GENERAL
INFORMATION
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Address:
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1768
Long Hollow Pike, Gallatin, TN
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County:
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Sumner
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Zoning:
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Acres:
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6.03 +/-
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Construction:
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Stone / Wood
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Driveway:
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Gravel / Concrete
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Stories:
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1
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Year
Built:
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1975 (approximate)
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Floors:
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Carpet, Tile, Vinyl
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Basement:
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Partial / Finished
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Lot:
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Wooded
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Waterfront:
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Pond on Property
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ROOMS
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Kitchen:
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With Dining Area
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Bedrooms:
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Five Bedrooms
Including Master Suite
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Living Room:
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With Fireplace and
Sunken Conversation Pit
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Bathrooms:
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2 Full Baths, 2
Half Baths
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Other
Rooms:
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Utility Room,
Potential Mother-in-law Suite or Apartment in Finished Basement
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Total
Square Feet:
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3173 ft.
+/- (includes finished basement, taken from independent
appraisal, purchaser to verify)
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| FEATURES |
Appliances:
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Dishwasher, Electric
Range and Oven, Refrigerator, Microwave, Compactor |
Interior Features:
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Fireplace, Drapes,
Separate Ceramic Tub/Shower in Master Bath, Ceiling Fans in Master
Bedroom and Basement, Smoke Alarm, Storage,
Walk-in Closets |
Exterior and Misc. Features:
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Partial Fence,
Covered Patio, Barn, Cabin, Pond, Gazebo, Storage Building,
Fire Pit, Stage, Entry Foyer, Central Courtyard, Sunken Living
Area
with Suspended Fireplace
and Custom Seating, Security System (with transferable service)
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| 1.
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Auction Procedure: The
auctioneer shall offer the property as a single lot to all registered
bidders. Bidders may register by agreeing in writing to be bound
by these real estate auction terms and conditions.
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2.
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Agreement of
Purchase and Sale: The purchaser shall execute an
agreement of purchase and sale, in the form provided by the auctioneer,
without modification, immediately after being declared the high bidder.
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3.
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Acceptance of Bid
Price: The final bid price is subject to the seller’s
acceptance. |
4.
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Deposit:
The purchaser shall submit a nonrefundable deposit to the appointed
escrow agent in the amount of 15% of the purchase price immediately
after being declared the high bidder. |
5.
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Closing:
The balance of the purchase price shall be paid at or before
closing. Closing shall take place on or before the date that is
30 days after the date of the auction. The escrow agent will schedule
and conduct closing. |
6.
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Escrow
Agent: The deposit, earnest and purchase monies in respect
of the property shall be paid to and deposited with Forsythe Title and
Escrow Services, Inc., David Kimbrough, Contact: (615) 824-5814,
113 Shivel Drive, Hendersonville, TN 37075.
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7.
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Deed:
Sellers shall provide a warranty deed. |
8.
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Title Insurance:
Sellers shall provide an owner’s title insurance policy in the amount
of the purchase price. |
9.
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Closing Costs:
At closing, Seller shall pay for half of the escrow closing fees, all
of the costs for preparation of all documents to convey the property
and the entire premium for the owner’s policy of title insurance.
At closing, purchaser shall pay for half of the escrow closing fees,
any and all recording fees, and all other sale, financing or closing
fees as required. Taxes shall be prorated to the date of closing. |
10.
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Cash Sale:
This is a cash sale and is not contingent on purchaser's ability to
obtain financing. |
11.
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Possession:
Purchaser will receive possession at closing. |
12.
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As-Is Sale:
The Purchaser shall accept the property in an as-is condition with all
faults as of the closing date and the purchaser shall specifically
agree that the seller has not and does not make any representations or
warranties of any kind whatsoever, expressed or implied, to the
purchaser regarding the property or any improvements thereon. The
property is selling subject to anything an accurate survey or personal
inspection of the property may reveal, including any existing
rights-of-way, easements or claims to easements, encroachments, rights
or claims of parties in possession, restrictive covenants and
easements, flood zones, zoning or subdivision regulations, building
codes, governmental agencies regulations, environmental conditions,
lead-based paint, asbestos, radon gas, hazardous materials, any mineral
rights, water rights, riparian or littoral rights, and reservations or
conveyances, if any. The purchaser shall have satisfied himself
as to the location and condition of the property, and all descriptions
thereof, before bidding. All information contained in the
brochure and all promotional materials, including, but not limited to,
square footages, acreage, dimensions, maps, taxes, etc., was provided
by the seller and is believed to be correct; however, neither the
seller nor the auctioneer makes any guarantee or warranty as to the
accuracy or completeness of such information. |
13.
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Easements:
Sale of the property is subject to any and all easements of record. |
14.
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No New
Survey: The property will be conveyed according to the
existing legal description. |
15.
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Personal
Property: No personal property shall be conveyed with the
property unless specifically included in the agreement of purchase and
sale. |
16.
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Agency:
McLemore Auction Company, LLC and its representatives are exclusive
agents of the seller and are agents of no other party to this
transaction. |
17.
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Equal
Opportunity Clause: All bidding is open to the public. The
property is available to qualified purchasers without regard to a
prospective purchaser’s race, color, religion, sex, familial status,
national origin, or physical handicap. |
18.
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Announcements:
All announcements made on auction day supersede any prior oral or
printed statements. |
19.
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Miscellaneous:
All decisions of the auctioneer are final as to the methods of bidding,
disputes among bidders, increments of bidding and any other matters
that may arise before, during, or after the auction. Seller reserves
the right to deny any person admittance to the auction or expel anyone
from the auction who attempts to disrupt it. |
Financing Terms for
this Property Offered by Pinnacle Financial Partners
Pinnacle Financial Partners has agreed to finance
80% of the purchase price at this auction for any buyer. The
terms of this financing are as follows:
RATE: 7.99% APR
AMORTIZATION: 30 Years
BALLOON: 2 Years
DOWN PAYMENT: 20% of Bid Price
PAYMENT SCHEDULE: Monthly
ORIGINATION FEE: 1%
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David Edwards
Pinnacle Financial Partners
615-494-9549
david.edwards@pnfp.com
www.pnfp.com |
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