Searching for a reasonably priced house with enough room? Don’t miss this HUD Second Chance Auction for a nice 3-bedroom, 1-bathroom home at 04 Circle Dr, Estill Springs, TN 37330. Built in 1955, this 1,600 square foot single-family house on a 0.37-acre lot might be your next great purchase. Beginning at only $175,000, the auction sets for February 3, 2025.
Property Details
Key Features
- Bedrooms: 3
- Bathrooms: 1
- Living Space: 1,600 sq ft
- Lot Size: 0.37 acres
- Year Built: 1955
- Type: Single-family home
This HUD Second Chance home is discounted below the appraised value, making it a great deal for anyone ready to buy. However, this is a cash-only sale, so plan accordingly.
Important Auction Information
What You Need to Know
- Occupied Property: This home is currently occupied. Buyers are responsible for dealing with eviction, rental agreements, or other legal occupancy issues after closing.
- Cash-Only Sale: Financing is not an option. Proof of funds must be submitted within 24 hours of the auction.
- No Fees: Buyers won’t pay any auction service fees or buyer premiums.
- As-Is Condition: The home is sold as-is, with no repairs or guarantees.
- Utilities: Utilities are off and won’t be turned on before closing. Buyers must handle utility setup after purchase.
Additional Details
Auction Dates
- Start: February 3, 2025, at 9:00 AM CT
- End: February 5, 2025, at 12:27 PM CT
Closing Timeline
The closing must happen within 30 days of the seller accepting your offer. Be prepared to move quickly!
Title Transfer
The seller will transfer the title via a Special Warranty Deed if you secure title insurance (at your expense). If you choose not to purchase title insurance, the property will transfer via a quit claim deed.
Inspections
This property is not available for inspection before purchase. Buyers should account for potential risks associated with buying sight unseen.
Why This Property Is a Great Opportunity
Those seeking a reasonably priced house in a lovely part of Tennessee might find ideal fit in this HUD house. The below-appraised value price makes this a great bargain regardless of your eventual house purchase or investing status. This is an opportunity to buy a large house at a reasonable price with no further expenses and a simple auction procedure.
For someone wishing to purchase a house below market value, this 3-bedroom, 1-bathroom house in 04 Circle Dr, Estill Springs, TN presents a great prospect. Its 1,600 square foot living area and prime location make it ideal for investors or homeowners ready to face some hurdles. Remember; the auction runs from February 3 to February 5, 2025; hence, set your calendar and get ready to bid!
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