Luxury Collierville Home | off Shea Road


Luxury Collierville Home | off Shea Road


PROPERTY DETAILS

10254 Shea Woods Dr. Collierville, TN 38017

This beautiful home will be sold to the highest bidder, regardless of price on Thursday, September 22, 2016 at 12:00 noon from the Morris Auction Center located at 2133 Whitten Rd. Memphis, TN 38133

THIS HOME HAS DEFECTS – Please see all Geotechnical and Structural Reports in the Property Documents link on this page for vital information relating to the defects associated with this home before you bid on this property! If you are the high bidder, you will be assuming any and all risks and costs associated with all defects, either known or unknown.

We have also included bids from three different companies that have inspected the house and submitted bids to repair the foundation. None of these bids include the repairs needed to the interior wall surfaces of the home or any framing repairs that need to be performed. The home will be available for view on Sunday, September 11th, 2016 from 2:00 pm to 4:00 pm and on Sunday, September 18th, 2016 from 2:00 pm to 4:00 pm. If you wish to have your own contractors inspect the property outside of these times, you will need to schedule a separate appointment.

Please click on the Terms & Conditions link below to view all TERMS AND CONDITIONS of this auction.

Features:

  • 5,700± s.f.
  • Built in 2008
  • 5 Bedrooms
  • 5 Bathrooms
  • 3 Car Garage
  • Smooth Ceilings
  • Spacious kitchen with granite countertops and stainless appliances
  • Large breakfast area
  • Exposed beams and stone fireplace in keeping room
  • Vaulted ceilings in living room
  • Hardwood downstairs except for Master Bedroom
  • Salon style master bath with walk through double shower
  • Three bedrooms upstairs two of which share a jack and jill bathroom
  • Large media/playroom with wet bar

Room Measurements:

  • Hearth Room: 17′ x 19′
  • Living Room: 20′ x 15′
  • Master Bedroom: 19′ x 16′
  • Dining Room: 16′ x 14′
  • Office/Bedroom: 2 14′ x 13′
  • Breakfast area: 16′ x 12′
  • Media Room: 32′ x 16.5′
  • Bedroom 3: 16′ x 13′
  • Bedroom 4 16′ 14.5′
  • Bedroom 5 17.5′ x 14′
Bid Deposit: $50,000
Bid Deposits will be accepted in the form of cashier’s check or personal check with a bank letter guaranteeing the amount or a combination of these payment types. Please make the cashier’s check(s) payable to yourself. In the event that you are the high bidder, you will simply endorse the check to Morris Auction Group as a non-refundable bid deposit. In the event you are not the high bidder, your cashier’s check will be returned to you, and you may simply deposit it into your account. The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.

Known Decfects:
THIS HOME HAS KNOWN DEFECTS – Please see all Geotechnical and Structural Reports in the Downloads Tab of this page on our website for vital information relating to the defects associated with this home before you bid on this property! If you are the high bidder, you will be assuming any and all risks and costs associated with all defects, either known or unknown.

Sold As Is:
The home shall be sold AS IS, WITH ALL FAULTS and if you are the high bidder, you acknowledge and agree that Seller is making no representations or warranties about the condition of the home and that you have conducted whatever investigation you deem appropriate to determine the physical condition of the home and soil. You further acknowledge defects exist with regard to the home and the reports being provided on this website provide critical information about the condition of the home and soil and you should review them in their entirety. The reports are being provided as a convenience and seller makes no representation or warranty regarding the content or accuracy of the reports. If you are the successful bidder, you hereby release the seller from and waive any and all liabilities against seller for or attributable to (i) any and all statements or opinions heretofore or hereafter made, or information furnished, by seller and (ii) the structural, physical, or environmental condition of the property.

Inspection
All inspections must be done prior to the auction date. Inspection Dates are published on our website. You may hire your own inspector at your expense to inspect the property. Call our office to make an appointment for the inspector to visit the property at least twenty-four (24) hours in advance. Please do not bid on this property until you have thoroughly inspected the property.

Buyer’s Premium
A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid.

No Contingencies
All auction properties are sold in “as is” condition. No purchase shall be contingent on financing or any other contingencies. Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Broker Participation
All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. A commission will be paid to the licensed and qualified broker whose properly registered buyer is the successful bidder at the auction, and whose buyer purchases the property. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out and signed). The form may be obtained by calling 901-565-7770. This form must be submitted to Morris Auction Group no later than 24 hours prior to the Auction.

Closing
The successful bidder will sign a real estate sales contract at the auction. The entire purchase price must be paid by Cashier’s or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction. Closing is to take place at the offices of:
Ray Beliles
1709 Kirby Pkwy
Memphis TN 38120
901-755-5400

Disclaimer
Announcements made at the auction supersede all printed material. All information included herein was derived from sources believed to be correct, but is not guaranteed.

Governing Law
These Bidder Terms and Conditions shall be governed by and construed in accordance with the laws of the State of Tennessee, including its statutes of limitations, but without regard to its rules governing conflict of laws. All claims, disputes and other matters between the parties shall be brought in the state or federal courts sitting in and for Shelby County, Tennessee, which courts shall have exclusive jurisdiction, and shall be the exclusive venue, for any and all such claims, disputes, and other matters. By submitting a Bidder Registration and accepting a Bidder Number, each Registered Bidder irrevocably and unconditionally (i) agrees that any claim, suit or cause of action relating to these Bidder Terms and Conditions, or the transactions contemplated hereby, shall be brought in the state or federal courts sitting in and for Shelby County, Tennessee, (ii) consents to the jurisdiction of such courts for any such claim, suit or cause of action, (iii) waives any objection that such party may have to the laying of venue of any such claim, suit or cause of action in such courts; and (iv) waives any objection to the bringing of such claim, suit or cause of action in such courts on the grounds of forum non conveniens.

AUCTION DETAILS

  • SOLD AT AUCTION
  • 10254 Shea Woods Dr. Collierville, TN 38017

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CONTACT US

Have questions or want to bid on this auction? Please feel free to contact us to discuss your specific needs. We look forward to hearing from you!