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3386 Laurel Wood Road, Cosby, TN 37722

Bank Owned Active
3 Beds
2 Bath
1,560 ft2
1.1 ac
Listing Image
Property Location
3386 Laurelwood Rd
Cosby, TN 37722
Property Details
Property ID
705468
Property Type
Residential
Status
Active
Sub Type
Single-Family
Beds
3
Bath
2
Living Space
1,560 sq ft
Lot Size
1.1 ac
YearBuilt
2001
Occupancy
Vacant
County
Cocke
Description

Recently reduced list price!

This 3-bedroom, 2-bathroom rancher, set on 1.1 acres of land, offers plenty of potential for the right buyer! With a spacious layout and an expansive lot, this property is perfect for those looking to add personal touches and create their ideal home. This property is sold 'as-is, where is' and is ready for the right buyer to unlock its full potential. Please Note: A 'Hold Harmless' agreement must be signed and submitted prior to any access to the home. Don't miss your chance to own this unique property! 

NEW Starting Bid: $160,000.00

Auction Ends: Wednesday, December 23rd

 

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Property Disclosures
  • Properties are sold in “AS IS, WHERE IS” condition without warranties.  Any contingencies are at the sole discretion of the Seller.
  • There are no inspection, financing, or appraisal contingencies.
  • The utilities to this property are currently disconnected. Utilities cannot be turned on prior to closing, regardless of inspections or appraisals.   Buyer is responsible for utility transfer post-closing.
  • The seller may choose to negotiate with bidders even if the reserve price isn't met.
  • The Earnest Money Deposit will be 1% of the Total Purchase Price or a minimum of $1,000, whichever is greater.
  • Buyer's Premium: Greater of 5.0% of bid amount, or $1,500 (Buyer Pays at Closing).
  • Buyer's Agent Commission: Either 2.5% of the Purchase Price or $1,250, whichever is greater.
  • Buyer is responsible for all closing costs at the buyer’s sole expense including tax stamps, transfer taxes. 
  • It is the buyer's responsibility to independently verify all property information and performing inspections before making an offer. 
  • Title will be conveyed to the buyer via Quitclaim Deed or its equivalent and with no express or implied warranties of title.  The buyer may purchase title insurance at their own cost. 
  • Buyers will need to show Proof of Funds/Pre-Approval Letter within 24 hours of winning the bid.    
    • Pre-Approval Letter must be enough to cover both your Earnest Money Deposit and down payment.   
    • Proof of Funds Documentation can include bank statements, brokerage accounts, a line of credit or any funds that are immediately available.
  • The property information and any photographs provided here are for reference only and are not guaranteed to be an accurate or recent depiction of the property. All information displayed is for marketing purposes only.
  • Please contact the listing agent directly with questions or inquiries regarding this property.
  • Special Note: This property is owned by the USDA – subcategory Non-Program

Online Auction

Opening Bid $160,000
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Auction Ends In 0 Day, 23:26:47
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Documents
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Listed By

Listing Agent: Sarah Richards

Contact Information:

Brokerage: Spring Mountain Realty PLLC

 

Auctioneer: Trevor Hall

Auctioneer License #: TN#6789