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Loafers Rest Farm Estate Auction
Listing ID#: 300293
Sale Location |
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Lyles, TN 37098 |
Sale Dates and Times |
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Saturday Mar 14, 2020 Completed |
Sale Type |
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Live with Online Auction (local pick-up only) VIEW ONLINE CATALOG |
Company Information |
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TONY NEILL Contact: Tony Neill Phone: 731-412-2344 Email: tneillauction@gmail.com Website: tonyneill.hibid.com EstateSale.com ID#: 6394 View company information and listings |
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Listing Terms and Conditions |
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Here are the terms and survey map and costs! There should be 7 terms
1. 5% buyers premium will be added to the final bid to determine the buyers purchase price. Example; A buyer's winning bid is $100,000 then 5% will be added, ($5,000) , and the total contract bid will be $105,000 plus 1/2 of survey and closing costs. 2. Sale is subject to the approval of The Hickman County Court. Earnest money will be deposited in TONY NEILL ESCROW ACCOUNT, Hardin County Bank, Savannah Tennessee and then when sale is approved transferred to Melanie Cagle Escrow account for the closing. She will represent the sellers in this transaction. The buyer may use her services or choose an attorney of their choice. Should the sale be disapproved then the earnest money shall be returned to the buyer, contract shall be null and void, with no further recourse against agents or estate. 3. The buyer shall pay for all their closing/loan costs, state and local taxes and recording fees, and seller shall pay for all their closing costs. Real Estate taxes shall be prorated to closing with seller receiving credit and assuming the reasonability of paying the 2020 land taxes. 4. Earnest money is 25% of the winning bid or if a lesser amount a letter of credit from bank guaranteeing funding. Should a buyer fail to preform the damage payable to estate and agents shall be equal to 25% of the winning bid. The closing shall be set within 30 days of approval by Court of sale , with agents and agents only having the right to extend the date for legal work. Consideration is given to Bank/Loan time and needs. Possession with deed. 5. Survey Cost tract # 1. 22.65 acres Buyer $ 698.50 Seller $ 698.50 tract # 2. 15.00 acres Buyer $ 462.50 Seller $ 462.50 tract # 3. 27.22 acres Buyer$ 839.00 Seller $ 839.00 tract # 4. 00.75 acre Buyer $ 250.00 Seller $ 250.00 all tracts 65.62 acres Buyer $2,250.00 Seller $2,250.00 6. Farm will sell with an insurable title at the cost of the buyer. Property is being sold AS_IS condition, with no disclosure, subject to all state and local planning regulations, zoning, recorded and unrecorded utility easements(NOTE: There are no public water touching this property anywhere. There is a unrecorded public water line to the house only, that water meter and line is on another property, the line runs with the McFarlin Lane road easement and then leaves road and runs with the electric power easement to the property. It is and will be the responsibility of the buyer to assume the responsibility of maintaining this water line and to pay in full all costs of repairs and repair to disturbed ground. Should the water line become unrepairable then said private water line shall be extended in the road right-of-way to buyers property and then run on buyers property to house.THIS IS A PRIVATE WATER LINE FROM METER TO THE HOUSE) , road, flood way & flooding easements/rights. 7.. Farm will be first offered tract at a time and then as a whole with a 10% raise of the total bid, with the farm selling the way it brings the most money. |
Listing Information |
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Pre-Register to Bid Today : to pre-register go to www.tonyneill.hibid.com , click Current Auctions, Visit Loafers Rest Farm Auction, click register then fill out email address and then form!
Real Estate Firms wishing to represent and register a bidder and collect the 2% referral commission paid at closing, Fill out your firms agency disclosure that you represent a buyer, and return to Auctioneer’s Melanie Eifling 615-584-3118 or your email or Tony Neill 731-926-3133 or tneillauction@gmail.com IMPORTANT this form must be submitted by Thursday March 12 at 5pm CST
Make an appointment with any agent to inspect farm or attend Saturday March 7 or any day week prior to auction. Note the Equipment list will be changing , Check back Sunday March 8 for complete and accurate list. Survey is complete and map is added. The complete terms will be published at www.tonyneill.hibid.com . AUCTION will be help on site SATURDAY MARCH 14 at 10am. Inspect Today!
THE JAMES CRAIG WATTS ESTATE FARM known as LOAFERS REST-- Hickman Court Ordered PUBLIC AUCTION Saturday March 14 at 10am ---7862McFarlin Lane (Mill Creek Road), Lyles, Tennessee 37098 Will be offered in 4 tracts or as whole! Beautiful farm featuring approximately 67 acres, with Mill Creek and a small pond. 5 strand fencing, fenced and cross fenced, large pole barn with attached garage with eletric, and water at the back of the barn. The farm also includes an implement shed. And a Cozy 2 bedroom HOME! The farm was previously used as a horse and cattle farm, the home sits way off the road for privacy, and includes appoximately 2000 feet road frontage, frontage on 3 sides of the farm. The creek is at the bottom of the farm. ALL TRACTS SUBJECT TO NEW SURVEY ! Tract # 1. 22.65 acres. The land is rolling, woods & pasture with pond, and has a country home that sits atop the hill overlooking the farm. The house was built in 2001 with 2 bedrooms and 2 baths, 920 square feet. A 48x88 Barn, 22x70 Equipment Shed and storage buildings. Entrance and frontage on McFarlin Lane (also known as Centerville Road). Tract # 3. 27.22 acres . Features the creek bottom now used for pasture in front on Home & barns, some hill side with frontage on 2 sides of Mill Creek Road. A portion of Mill creek is on property for water at the area known as Loafers Rest! Tract # 2. 15 acres. Creek bottom pasture and hill side. Frontage on Mill Creek Road,with Mill Creek at front of property. Tract # 4. .75 of an acre on Northside of Mill Creek Road and and south of Mill Creek. A long Narrow strip perfect for camping. Tracts # 1-2-3-4 as a whole with a 10% raise of total tract bids. Partial listing See Pictures or visit Facebook at Tony Neill Business Page for pictures!
Livestock trailer
Ford truck body with toolbox
2 trackhoes buckets
1 backhoe bucket
Drag
Thumb
Fuel tank
Roll baler for parts
Livestock gates and panels
Lift forks
Plumbing parts
Very few odd tools,
Dog house
Calf Feeder
.Terms; Here are the terms and attached aerial survey map and costs! There should be 7 terms
1. 5% buyers premium will be added to the final bid to determine the buyers purchase price.
Example; A buyer's winning bid is $100,000 then 5% will be added, ($5,000) , and the total contract bid will be $105,000 plus 1/2 of survey and closing costs.
2. Sale is subject to the approval of The Hickman County Court. Earnest money will be deposited in TONY NEILL ESCROW ACCOUNT, Hardin County Bank, Savannah Tennessee and then when sale is approved transferred to Melanie Cagle Escrow account for the closing. She will represent the sellers in this transaction. The buyer may use her services or choose an attorney of their choice. Should the sale be disapproved then the earnest money shall be returned to the buyer, contract shall be null and void, with no further recourse against agents or estate.
3. The buyer shall pay for all their closing/loan costs, state and local taxes and recording fees, and seller shall pay for all their closing costs. Real Estate taxes shall be prorated to closing with seller receiving credit and assuming the reasonability of paying the 2020 land taxes.
4. Earnest money is 25% of the winning bid or if a lesser amount a letter of credit from bank guaranteeing funding. Should a buyer fail to preform the damage payable to estate and agents shall be equal to 25% of the winning bid. The closing shall be set within 30 days of approval by Court of sale , with agents and agents only having the right to extend the date for legal work. Consideration is given to Bank/Loan time and needs. Possession with deed.
5. Survey Cost Buyer
tract # 1. 22.65 acres $ 698.50 $ 698.50
tract # 2. 15.00 acres $ 462.50 $ 462.50
tract # 3. 27.22 acres $ 839.00 $ 839.00
tract # 4. 00.75 acre $ 250.00 $ 250.00
all tracts 65.62 acres $2,250.00 $2,250.00
6. Farm will sell with an insurable title at the cost of the buyer. Property is being sold AS_IS condition, with no disclosure, subject to all state and local planning regulations, zoning, recorded and unrecorded utility easements(NOTE: There are no public water touching this property anywhere. There is a unrecorded public water line to the house only, that water meter and line is on another property, the line runs with the McFarlin Lane road easement and then leaves road and runs with the electric power easement to the property. It is and will be the responsibility of the buyer to assume the responsibility of maintaining this water line and to pay in full all costs of repairs and repair to disturbed ground. Should the water line become unrepairable then said private water line shall be extended in the road right-of-way to buyers property and then run on buyers property to house.THIS IS A PRIVATE WATER LINE FROM METER TO THE HOUSE) , road, flood way & flooding easements/rights.
7.. Farm will be first offered tract at a time and then as a whole with a 10% raise of the total bid, with the farm selling the way it brings the most money.
Location; Hickman County, Lyles, TN is approximately 45 minutes to West Nashville, 40 minutes to Franklin, TN and just minutes to I-840 and I-40. This farm is a little less than one hour to the Duck & TN River ! Broker Referrals; a 2% broker refferral will be paid to licensed firm that produces a buyer that buys and closes. Notice of Client must be registered by March 12 at 5pm to auctioneer Tony Neill. CALL ANY OF THE BELOW AGENTS FOR YOUR PRIVATE INSPECTION AND TOURS! Tony Neill, Principal Auctioneer #1101 & Broker , 225 Dude Drive, Savannah Tennessee, 38372, office # 731-926-3133,email tneillauction@gmail.com Melanie Eifling, auctioneer # 5883 with Stevens Group, LLC,6005 Nolensville Road, Nashville, Tennessee 37211, office# 615-366-8900, Melanie cell # 615-584-3118 , K&G Realty, LLC, United Country Real Estate, 5487 Hwy 100. Lyles, Tennessee 37098, Kelly Anderson,(Refferring Broker) office # 931-670-0405, Kelly cell# 931-623-0556, email kelly.unitedcountrykg@gmail.com |
Auction License: 1101 & 201 |
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