BANKRUPTCY REAL ESTATE AUCTION - Prestigious Westmoreland Luxury Home Thursday, August 11, 2016 Time: 12 NOON 7010 Stone Mill Drive Knoxville, TN 37919 BANKRUPTCY REAL ESTATE AUCTION Thursday, August 11th at 12 NOON 7010 Stone Mill Drive Knoxville, TN 37919 By the order of the United States Bankruptcy Court Case # 3:15-BK-30233-SHB Beautiful Westmoreland Heights Home Excellent opportunity to buy a home located in one of Knoxville’s most prestigious communities Custom built home in 2008, featuring over 7744 SF - 5 bedrooms, 4 full baths, and 3 half baths Gorgeous Walnut floors throughout Expansive kitchen with large island, beautiful cabinets, tons of storage, and gorgeous cathedral ceilings with exposed beams 2 built-in ice makers, Wolf & Sub-Zero Appliances Oversized keeping/laundry room with lots of cabinet space Stunning architectural features throughout Lovely Master Suite with sitting room with access to main level deck, large walk-in shower, and massive master closet with leather flooring Basement featuring: theater room, gym, game/rec room with kitchen, dry sauna, and huge walk-in shower Awesome private outdoor entertainment area with pergola and hot tub Elevator travelling from the basement to the attic Excellent floored and framed 3rd floor attic – possibility of finishing for added bonus room or office area Oversized 3-car garage bays Tax Appraisal: $1,822,800 TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A five percent (5%) buyer’s premium will be added to the high bid to establish the total sales price. Bankruptcy Sale is Subject to Court Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes Current, Delinquent, fees & any penalties. Buyer is responsible for ALL HOA fees, Transfer fees, Membership fees if applicable. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf. All Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. DIRECTIONS: I-40 to the West Hills exit. Take Morrell Road to Westland Drive. Turn left onto Westland to left onto Sherwood Drive. Turn right onto Stone Mill Drive, to the property on the Right. Important Information Bing Map CRS Report