Lot #10B Bald Eagle Lane Hilham TN 38568 Lake Lot

Description

SELLING AT ABSOLUTE ONLINE AUCTION! Lot 10B Bald Eagle Lane Hilham, TN 38568 This online auction will open for bidding on October 8th at 10:00 a.m. and will conclude November 2nd at 5:00 p.m. 8% Buyer's Premium Smith Co. TN Chancery Court Case #2025-PR-2864. Recorded in Probate Minute Book 7 page 302. Estate of Mark Ivy Thompson Seller: Smith Co. TN Special Commissioner & Receiver Jessie Goad, Smith Co. Clerk & Master. Take a look at this panoramic lake view lot to build a home on. The lot is located in The Pointe at Dale Hollow, which currently has many beautiful lake side and lake view homes. Gated from dusk to dawn, Lot 10B is a large corner lot, on the corner of Bald Eagle Lane and Bass Lane. The Pointe community has a lakeside pavilion, an 8000 sqft clubhouse, an incredible swimming pool and several pavilions and fire pits. TERMS & CONDITIONS, READ ALL MATERIALS INCLUDING THE COURTS TERMS AND CONDITIONS: Lot 10B on the Final Plat of Swan Ridge Lake Resort now known as The Pointe at Dale Hollow and lying on the corner of Bald Eagle Lane and Bass Road, Clay County TN and Tax Map 058G, Ground C, Parcel 010.00 Seller: Jessie Goad Special Commissioner and Receiver of Smith County Tennessee for Estate of Mark Ivy Thompson. Case # 2025-PR-2864 Bidding Starts: October 8th, 2025 at 10:00 a.m. CST Bidding Ends: November 2nd, 2025 at 5:00 p.m. CST Inspection Information: Land is open for inspection. No signs on the property. Lot marker 10B is on Bass Lane. Property is across the street from the pool side of the club house on Bald Eagle Lane. Buyers Premium: There is an 8% Buyers Premium in effect for this auction. Your high bid price will have 8% added to establish the contract sales price. Example: $ 50,000 high bid plus 8% Buyers Premium = $54,000 Contract Price LAND DESCRIPTION: Tax Map 058G, Ground C, Parcel 010.00 Being Lot 10B in the Pointe at Dale Hollow Lying on the corner of Bald Eagle Lane and Bass Road Clay County TN A Certain tract or parcel of land situated and lying in the Fourth Civil District of Clay County, State of Tennessee and being more particularly described as follows: Unimproved real property lying in the Fourth (4th) Civil District of Clay County, Tennessee BEING all of Tax Map 058G, Group C, Parcel 010.00 Being Lot 10B, as appears on the Final Plat of Swan Ridge Lake Resort, L.L.C., Phase I, now known as The Pointe at Dale Hollow, of record in Book P1, page 734, Registers Office, Clay County, Tennessee. Agreement of Purchase & Sale Immediately following the close of the bidding, the high bidder will be required to enter into a Purchase and Sale Agreement via email DocuSign and wire a 10% down payment of the contract purchase price, to include the 8% buyers premium, as earnest money, which is a non-refundable earnest money deposit. This wire must be received by 4:00 PM the following day of the auctions closing to Rochelle, McCullough & Aulds Attorneys, contact Matthew Ryan Lebanon, TN 615-444-1433. If the court doesnt approve the sale, your earnest money will be refunded, but that is the only exception. Buyers Premium A 8% Buyers Premium will be added to the high bid price to determine the total contract sales price for the Property. Example: $ 50,000 high bid plus 8% Buyers Premium = $54,000 Contract Price Auction is Subject to Court Approval This auction is subject to court approval. The contract will be signed by the buyer and earnest money deposited. The buyer signed contract will be submitted to the Special Commissioner and Receiver, which will submit the contract to the court. This hearing for approval and confirmation will be held in approximately three weeks. After the Order of Confirmation is signed by the Judge, a closing will be scheduled with Rochelle, McCullough & Aulds Attorneys and will be conducted thirty (30) days after the approval of the sale, the court has the right to approve or deny the sale. Bid Deposit / Authorization All bidders must receive a bid number to bid. A valid drivers license and credit card is required to bid. All bidders will be required to send the auctioneer a copy of your drivers license either by email or a photo texted to the auctioneer at 615-308-9009. Your name on your drivers license MUST match the name on your credit card. Upon request to bid and submitting your information, you will receive a call from the auctioneer to be qualified to bid. After speaking with the auctioneer, then, at the auctioneers discretion, you will be approved to bid. We require all Onsite auction bidders to supply a valid drivers license as well as all Online bidders of real estate and personal property. Bidder agrees that a $50.00 hold can AND may be placed on their credit card for an internet service fee and that if they are the winning bidder and fail to close under the terms of this agreement, the $50 internet service fee is non-refundable and will be charged to their credit card. This authorization is not actually charged to your card. If they are not the winning bidder, the $50 internet service fee will be released, and the credit card will not be charged. The successful bidder will be required to sign the Purchase and Sale Agreement within 24 hours of auction close and deposit 10% of the total contract price into the closing attorneys escrow account, within the same 24 hours. Failure to do so will be considered a breach of contract. Debit Card Warning We require bidders to secure their accounts with a credit card. Some of our auctions further require a deposit. If you use a credit card to secure your account, the auction deposit will take the form of a credit card authorization and will count against your credit limit for the duration of the authorization (up to 10 business days). Walker Auction & Realty, LLC highly recommends you secure your account with a credit card and is not responsible for any issues arising from the use of a debit card to secure your bidding account. Add a debit card at your own risk. Auction Ending Beginning at the stated closing time, the auction software will conclude bidding with the following exception: if a bid is placed in the last 3 minutes remaining for that auction lot, bidding for that lot will remain open for an additional 3 minutes; and will continue to be extended until there are no more increases within the 3-minute time frame. Soft Close Groups This auction will be using the soft close method. If a bid is placed in the last 3 minutes remaining in the auction, the bidding will remain open for an additional 3 minutes. Payment and Closing The Purchaser shall pay a non-refundable amount equal to 10% of the total contract sales price to the Escrow Agent / Closing Attorney by 4:00 p.m. CST on the first business day following the conclusion of the auction. The Escrow Agent / Closing Attorney will only accept payment by wire transfer. The Purchaser will be charged for the wire transfer fee (typically $15.00). Purchaser shall pay the remainder of the total contract sales price at the real estate closing if the sale is approved by the court. Court approval will be held approximately three weeks from the conclusion of the auction. Closing shall take place 30 days after the judge approves the sale. The Escrow Agent / Closing Attorney will schedule and conduct the closing. The closing date will be on or before December 22nd, 2025. Escrow Agent / Closing Attorney The purchase monies, in respect to the real estate shall be paid to and deposited with: Rochelle, McCulloch & Aulds 109 N. Castle Heights Lebanon, TN 37087 615-444-1433/ Closing Attorney Survey The Seller will NOT provide a New boundary survey. The current survey/plat of record is supplied in the attachments. Deed Seller shall provide a Deed. Evidence of Title Auctioneer shall post a preliminary title of opinion on its website before the conclusion of the auction. Seller agrees to provide merchantable title to the Property subject to matters of record, general conditions of title and similar or related matters identified in the preliminary title commitment. Title Insurance The Buyer may obtain an owners title insurance policy in the amount of the purchase price from the Closing Attorney at the Buyers cost. If you have questions concerning title call Matthew Ryan Attorney at 615-444-1433 Real Estate Taxes 2025 taxes will be prorated at the time of closing. Any back taxes and assessments will be paid by the seller from the proceeds of the sale. Closing Costs The seller shall pay the following closing costs: oCosts to prepare the deed o50% of the closing agents cost to close the sale oAny legal counsel retained by Owner in connection with the conveyance of the Property oBack taxes, if any The Purchaser shall pay the following costs: oTitle policy/commitment fee oAny special endorsements to the title policy. oAny costs associated with title insurance issued in favor of Purchasers lenders, if any. oAll costs arising from or relating to any loan sought by Purchaser to finance the conveyance. oAll recording costs, transfer taxes and mortgage taxes arising from the deed, deed of trust and any other financing documents required by Purchasers lenders, if any. o50% of the closing agents cost to close the sale; and oAny legal counsel retained by Purchaser in connection with the conveyance of the Property Cash Sale This is a cash sale and is not contingent on Purchasers ability to obtain financing, or any other buyer contingency. (Buyers may use financing; however, this sale is not contingent on financing, appraisals, or inspections that might be required by a lender and must be closed by the stated closing date) Possession The Purchaser will receive possession at closing. 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...