AUCTION ESTATE SETTLEMENT CHICKAMAUGA ... – Estate Settlement Chickamauga Lakefront Home 2127 Clematis Drive – Chattanooga, TN 1 John Dixon & Associates – TN Office 3908 Tennessee

AUCTION – ESTATE SETTLEMENT

CHICKAMAUGA LAKEFRONT HOME THURSDAY OCTOBER 8, 2015 – 6:00 pm

Featuring year around deep water access to Chickamauga Lake

Auction Held at the Property: 2127 Clematis Drive

Chattanooga, TN 37343

John Dixon & Associates - JohnDixon.com Call or email for more information: Henry Glascock 423-825-0049 / 423-991-7221 [email protected] 10% Buyers Premium TNAL# 3945

Table of Contents

Greetings from Henry Glascock ......................................................................................... 1

Disclaimer ........................................................................................................................... 2

Location Map ...................................................................................................................... 3

Property Description ........................................................................................................... 5

Property Photos ................................................................................................................... 6

Property Record Card ....................................................................................................... 15

Auction Terms & Conditions ............................................................................................ 17

Sample Contract ................................................................................................................ 18

Auction – Estate Settlement

Chickamauga Lakefront Home 2127 Clematis Drive – Chattanooga, TN

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John Dixon & Associates – TN Office

3908 Tennessee Ave - Suite A


Contact – Henry Glascock

[email protected]

423-991-7221

Greetings from Henry Glascock

To: Prospective Bidders

From: Henry B. Glascock

Subject: Chickamauga Lakefront Home

2127 Clematis Drive


This property information package has been prepared to assist you in your pre-auction

due diligence. Please carefully review the disclaimer and the auction terms.

We encourage and invite you to attend. Please call us with any questions, perform your

due diligence and plan to attend this important auction event, ready to buy at your price.

Sincerely,

Henry B. Glascock

John Dixon & Associates

Tennessee Office



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Disclaimer Seller reserves the right to add or delete any property, reject any bid and/or cancel the

sale. Properties will be conveyed by General Warranty Deed. The property will sell

“as-is, where-is” with no warranty, express or implied, as to improvements, soil

condition, environmental and wetlands, or zoning. No personal property conveyed with

real estate unless denoted in contract. Information contained herein was obtained from

sources deemed reliable. Although every precaution has been taken to ensure accuracy,

neither the seller, John Dixon & Associates nor their agents will be responsible for any

errors or omissions herein. Bidders should carefully verify all information and make

their own decisions as to the accuracy thereof before submitting their bid.

AGENCY DISCLOSURE

John Dixon & Associates, with John L. Dixon as principal broker and auctioneer, is

hereby giving notice that they are agents and representatives of the owner/seller of the

property described in this property information package.

ATTORNEY REVIEW RECOMMENDED

It is recommended that all information included in this property information package and

all other auction-related material be carefully reviewed by your attorney. Additionally, all

terms and procedures are subject to and may be superseded by changes distributed or

announced to bidders prior to the auction. The property is being sold on an “as is, where

is” basis with all faults, and seller makes no representations or warranties except for the

warranty of title set forth in the General Warranty Deed to be delivered to the purchaser

at closing.

PROPERTY INSPECTION

Your complete inspection and the inspection of the property by your professionals prior

to the auction is encouraged. Those inspecting the property assume all risks associated

with any inspection of the property. John Dixon & Associates’ representatives will be on

duty at the property on Sunday September 27th

and Sunday October 4th

from 2:00 - 5:00

PM, or you may contact auctioneer for an appointment to view the property.



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Location Map



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Directions to the Property from TN-153

- From TN-153 take Hamill Road eastbound for 2.9 miles, during which you

will go straight across Fairview Road at the stop sign

- Fork left on to Big Ridge Road at the Fairview United Methodist Church

- Continue on Big Ridge Road for 0.4 mile

- Turn right on to Clematis Drive

- Travel 0.6 mile on Clematis drive, house will be on left at end of cul-de-sac



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Property Description

On Thursday, October 8th

at 6:00 PM, John Dixon and Associates will be auctioning a

Chickamauga Lakefront residence located on 2127 Clematis Drive. The residence is

located in the exclusive Fairview lakefront subdivision which is convenient to area

shopping, employment and educational facilities. The lot is located on the south bank of

Fairview Harbor on the Chickamauga Lake Reservoir of the Tennessee River. Lakefront

residences in the immediate and expanded area have sold for over two million dollars and

the area is in high demand.

As the photos illustrate, views from the property are spectacular. The property is located

on the west bank of the Tennessee River which is an advantage in summer months as late

afternoon sun is to the rear. Further, the property abounds with mature hardwoods,

resulting in a good deal of shade and an extremely relaxed setting. Morning sunrises, as

noted, are magnificent. Fairview Harbor, and 2127 Clematis Drive, have year-round deep

water frontage.

Included with the residence and lot is partial ownership of an adjoining community lot.

This property is shared by the owner of 2127 Clematis, as well as three other Fairview

subdivision lot owners. The purpose of this community lot was for clustered water use

facilities but each dock is individually owned and maintained by the various community

lot owners. The water use facility for 2127 Clematis is located adjacent to its northern

lakefront and is a natural extension of the lot. Included with a multi-slip dock is a

concrete patio with ample room for grilling and a small storage building. The attached

lakefront photos are from this stationary dock facility.

The residence was built in 1964 by a well-known local contractor. The structure was built

with well above average attention to detail and it is in good condition. Interior rooms

include an open living room with a fireplace and a kitchen that opens into the dining

room. There are three bedrooms on the main level. The master bedroom has its own full

bath and a spacious closet. A full bath in the hallway is shared by the two bedrooms. The

basement is finished and features a full bath, a bar and fireplace and has ground level

access to the patio and backyard. The residence also has a large covered deck that faces

the lake and many views of the lake are available throughout the home. The structure has

an attached car port and a basement workshop with garage door access to the outside.

According to tax records, the structure consists of 3,373 square feet.

The purpose of this auction is to settle an estate. While the property is not being offered

on an absolute basis, the owners are extremely motivated to sell and will accept any

reasonable offer. The result is an opportunity to own a lakefront home in a very high

value neighborhood at the price you set. Do not miss this occasion!

The property may be inspected anytime at your own risk. John Dixon & Associates’

representatives will be on duty at the property on September 27th

and October 4th

from

2:00 to 5:00 p.m., or you may contact auctioneer for an appointment to view the property.



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Property Photos

View of the house from the yard between the house and the lake

View of the house from Clematis Drive



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View of the property frontage on Clematis Drive

View of the driveway and carport



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A beautiful Lake Chickamauga sunrise. The property’s lake frontage can be

seen in the right side of the frame

View of Chickamauga Lake from the dock in front of the property



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View of back patio with Chickamauga Lake in the background

View of the front yard and Chickamauga Lake frontage from the house



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Spacious screened in porch overlooking back yard and Chickamuga Lake

View of Chickamauga Lake from the living room



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Spacious open floor plan of living room, entry way and kitchen

View from the kitchen/dining area



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Kitchen and dining areas

Kitchen and sunroom



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Finished basement featuring bar, bathroom and fireplace

Finished basement features ground level access to patio



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Utility room/workshop in basement features a garage door access to the outside

View of house and lot from the dock.



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Property Record Card



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Auction Terms & Conditions AUCTION LOCATION: The auction will be held on site at 2127 Clematis Road, Hixson,

Tennessee on Thursday, October 8 at 6:00 p.m.

INSPECTION: The property may be inspected anytime at your own risk. John Dixon &

Associates’ representatives will be on duty at the property on September 27th and October 4th

from 2:00 to 5:00 p.m., or you may contact auctioneer for an appointment to view the

property. Contacts: Wendy Butler 386-481-8439 or Henry Glascock 423-991-7221

TERMS OF SALE: Pay 10% (of the purchase price) earnest money down at the auction and

sign Contract of Sale. Balance due at closing within 30 days. A copy of the contract may be

reviewed prior to the auction by contacting the auctioneer.

BUYER’S PREMIUM: There is a 10% buyer’s premium being charged at this auction.

Example: For each $10,000 of bid amount, there will be a $1,000 buyer’s premium added to

arrive at a purchase price of $11,000.

CLOSING: Balance of the purchase price is due on or before Monday, November 9, 2015.

CLOSING ATTORNEY: Closings will be conducted by Ray Fox with First Title Insurance

Company in Chattanooga, Tennessee, 423-265-2501. Deed preparation and attorney’s fees

will be paid by the seller; all other normal closing costs will be paid by the purchaser. Taxes

will be prorated as of date of closing. Title insurance through First Title Insurance Company

shall be paid by purchaser.

AGENCY: John Dixon & Associates, auctioneer/ broker, is acting exclusively as agent for

the seller.

SPECIAL NOTE: Property is selling “as-is, where-is” with all faults and is selling subject to

easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed

by a current survey or an inspection of the property or contained in public records. The only

representation and warranties made are those contained in the Contract of Sale. Seller

reserves the right to add or delete property, reject any bid and/or cancel the sale. Properties

will be conveyed by General Warranty Deed. Information contained herein was obtained

from sources deemed reliable. The seller and their agents reserve the right to place bids on

the property up to seller’s reserve, if desired, at their sole discretion. The property will sell

“as-is, where-is” with no warranty, express or implied, as to improvements, soil condition,

environmental and wetlands, or zoning. No personal property conveyed with real estate

unless denoted in contract. Although every precaution has been taken to ensure accuracy,

neither the seller, John Dixon & Associates nor their agents will be responsible for any errors

or omissions herein. Bidders should carefully verify all information and make their own

decisions as to the accuracy thereof before submitting their bid. The terms of the Contract of

Sale are controlling in the event of any perceived inconsistency between its terms and any

statements in this brochure or other advertisement. Announcements made at the auction will

take precedence over written matters.

10/15

TNAL#3945



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Sample Contract



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Documents

AUCTION ESTATE SETTLEMENT CHICKAMAUGA ... – Estate Settlement Chickamauga Lakefront Home 2127 Clematis Drive – Chattanooga, TN 1 John Dixon & Associates – TN Office 3908 Tennessee