129 Rainbow Ln
ABSOLUTE AUCTION, Selling to the highest bidder with No Reserve! This is the perfect opportunity for a flip or fixer-upper project with endless potential! This 3BR/2BA home sits on a sprawling 1.4 +/- acre flat lot, offering privacy and space for a pool, large shop, RV, boats, or other toys. The home features a large, open family room connected to the dining area, a kitchen off the garage entrance, and a cozy brick fireplace.
Attached is a 2-car garage, plus an additional detached 2-car garage with a workshop, cabinets, and a huge loft for storage. The backyard includes a carport and an existing dog run. Located near all modern conveniences and in a community with NO HOA, this property has tremendous upside. The septic system is located in the front yard (permit in media).
All utilities have been off for some time and will not be turned on prior to auction or closing—buyer will need to handle activation post-closing. The property is sold as-is, where-is, with no contingencies. Financing is acceptable, but there are no financing contingencies. Inspections are welcome but must be scheduled with the listing broker. Listing info not guaranteed, buyer to confirm all pertinent info.
FURNITURE – HOUSEHOLDS – OUTDOOR ITEMS
TERMS AND CONDITIONS
PROCEDURE: The property will be offered in 1 individual tract.
BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.
DOWN PAYMENT: $25,000.00 as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
CLOSING: Closing shall take place on or before 30 days from auction date.
REAL ESTATE TAXES: All 2025 ad valorem taxes will be prorated at closing
SURVEY: The property will be sold by the deed.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
La Vergne, Tennessee 37086
United States