Currently listed at $725,900 and tax appraisal is $724,800 and the starting bid is $559,000 + 5% Buyers Premium.

LIVE ON-SITE REAL ESTATE AUCTION EVENT

LUXURY HOME AUCTION

Saturday, June 14th, 2008 @ 11:00 A.M.
115 Gaston Street, Hendersonville TN 37075

5 BEDROOMS * 4.5 BATH * 5,793 +/- SQ.FT. 2004 HOME on 1+/- ACRES

HIGHEST BID WINS ABOVE A STATED MINIMUM!

DIRECTIONS: FROM NASHVILLE, I-65 NORTH, exit VIETNAM VETERANS BLVD / TN-386, then EXIT 9 / GALLATIN RD NORTH, follow and turn RIGHT onto CAGES BEND RD., follow and turn RIGHT onto GASTON STREET, home is on the LEFT. Look for the Signs.

* 5,793 +/- SQ.FT. 5 BR 4-1/2 Bath 2004 Home
* Three Car Garage
* Beautiful Level 1 +/- ACRE
* Master Suite on the main living floor
* 3 Bedrooms, 1 Office and 2 Bathrooms Upstairs
* Full Living Area Downstairs w/Bedroom, Den and Kitchen
* Granite Countertops
* Hardwood & Ceramic Tile Floors
* Gas Heat & Electric Cooling
* Front and Back Yard Irrigation
* Instant Hot Water
* Multi-Room House Sound System
* Must see, too much to list
* Close to great schools, Indian Lake Village & the By-Pass

* Preview the inside beginning at 8:00 am day of auction
* Go to our website for a virtual tour, pictures and other additional information

LOCATION * LOCATION * LOCATION
* Many Golf Courses
* Old Hickory Lake
* New Upscale Indian Lake Village
* I-65 & 20 Minutes North of Nashville

THIS IS YOUR CHANCE TO OWN A LUXURY HOME IN SAVANNAH!

TERMS: If you are the successful bidder you will be required to put down a ten thousand dollar non-refundable deposit and sign an auction purchase contract. The balance will be due at closing on or before Thursday, July 10th, 2008. Make all financial arrangements prior to the sale. You may pay cash or get your own financing; however we are selling for cash with no contingencies. The seller will furnish a general warranty deed and title insurance. A clear termite letter will be provided to the buyer at the sellers expense. Taxes for 2007 were approximately $5,272.38 and will be pro-rated at closing.
PRE-AUCTION OFFERS ARE WELCOME.

NON-QUALIFYING FINANCING: Provided by Volunteer State Bank. Call Keith Whitley at 615.824-6542 for details. Ask about other attractive qualifying financing products.

REAL ESTATE AGENT PARTICIPATION: A three-percent (3%) referral fee will be paid on the final bid price to any properly licensed real estate agent that has pre-registered the successful bidder 24 hours in advance by the terms set forth and is present at the sale. The pre-registration form must be completed in its entirety and signed by the Auctioneer 24 hours in advance. You must confirm receipt from the Auctioneer. This form is available for download from our website at NashvilleAuctions.Com. There are no exceptions to the rules.

BIDDER PACKAGE (BP): A bidder information package, pictures and virtual tours have been prepared to assist in evaluating this property. The (BP) is available for download from our website at NashvilleAuctions.Com

STATED MINIMUM BID: The property will sell to the highest bid above the stated amount of $559,000.00. The approximate value of the property is $750,000.00 and the tax appraisal is $724,800.00.

BUYERS PREMIUM: A five-percent (5%) buyers premium on the final bid price will be added to the final bid price to establish the final contract price.

ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED AND INTERNET MATERIAL.

RE/MAX Choice Properties
131 Indian Lake Blvd., Suite 200
Hendersonville, TN 37075
PH: 615.822.2003 * TFL#5020
MARK WILLIAMS, AUCTIONEER