ABSOLUTE AUCTION • BEAUTIFUL ELMWOOD ESTATE • CIRCA 1868 • On-Site Saturday, May 22nd @ 10:00 AM
ABSOLUTE AUCTION
BEAUTIFUL ELMWOOD ESTATE CIRCA 1868
2 HOMES ON 5.79+/- ACRES
ADDITIONAL 8.63 ACRES (SELLING SEPARATELY)
GALLATIN, TN
Live On-Site & Online Auction Event Saturday, May 22nd, 2021 @ 10:00 AM
2535 Highway 31 E., Gallatin TN 37066
NO MINIMUM – ABSOLUTE HIGHEST BID WINS! REGARDLESS OF PRICE!
DIRECTIONS: From NASHVILLE, I-65 NORTH, exit 95 TN-386 VIETNAM VETERANS PKWY., to US-31E N/W BROADWAY / GALLATIN PIKE / NASHVILLE PIKE, Continue on US-31E N to your destination on the LEFT.
HISTORIC ELMWOOD ESTATE:
• MODERN HOME ADDITION
• 4 BEDROOMS
• 3 FULL BATHS
• 2 HALF BATHS
• 6,797+/- SQ.FT.
• HEATED & COOLED – 3 CAR GARAGE
• 5.79+/- ACRES
• IN-GROUND SALT WATER POOL
• TERRACE WITH LARGE FOUNTAIN & FIREPLACE
• SIDEWALKS ON THE ENTIRE PERIMETER OF THE GROUNDS
GUEST HOME:
• 3 BEDROOMS
• 2 FULL BATHS
• 1 HALF BATH
• 2,500+/- SQ.FT.
• HEATED & COOLED – 1 CAR GARAGE
• CAR PORT
• SCREENED PORCH
• BUILT IN 2000
• An Additional 8.63+/- Acres Adjacent to the Home to be Sold Separately.
Preview the inside beginning at 8:00 am day of auction
LOCATION • LOCATION • LOCATION
• Gallatin / Hendersonville Shopping
• Golf Courses & Country Clubs
• Old Hickory Lake
• 39 Miles North East of Nashville
• Beautiful Land and Location
This is your chance to own a Beautiful Historic Estate at your price!
Additional History on the Home:
Elmwood was built in 1868 by the first surgeon at Vanderbilt Hospital by Dr. BB Barr. Three generations of the Barr family occupied the property. The second owner for 30 years was the Reese family that raised mules for the Grand Canyon. The third family to own Elmwood was Travis and Lottie McCormick. The McCormick’s totally renovated Elmwood to its original state.
After renovation, the home was featured on HGTV. Elmwood was noted as the best Italianate structure in the state of Tennessee. The McCormick’s hosted numerous charity events, weddings featuring members of the Nashville symphony, Celebrity weddings, class reunions, teas, showers, and unlimited family events.
The home is featured in numerous history publications.
TERMS: If you are the successful bidder you will be required to put down a fifty-thousand-dollar non-refundable deposit on the homes and 5.79+/- acres and a ten-thousand dollar non-refundable deposit on the separate 8.63+/- acres and sign an auction purchase contract and the supporting documents. The balance will be due at closing on or before 30 days after the auction. You may pay cash or get your own financing however, we are selling for cash with no contingencies. Sumner county taxes for 2019 on the homes and 5.79+/- acres were approximately +/-$5,955.28 and $774.74 on the 8.63+/- acres of vacant land and will be pro-rated at closing. The seller will furnish a general warranty deed and title insurance. A Clear termite letter will be provided and paid by the Seller. The historic home was built prior to 1978 and may contain lead-based paint. A lead-based paint inspection may be completed 10 days prior to the sale. The sellers have no knowledge of any lead-based paint. Both Buyer and Seller will close with Warranty Title Company located in Hendersonville, TN.
PRE-AUCTION OFFERS ARE WELCOME. CALL FOR DETAILS – 615.207.0038.
BUYERS PREMIUM: A ten-percent (10%) buyer’s premium calculated 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 ALL OTHER PRINTED AND INTERNET MATERIAL.
HALO Realty, LLC
Auction Division
NASHVILLEAUCTIONS.COM
700 Johnny Cash Parkway
Hendersonville, TN 37075
MARK WILLIAMS, AUCTIONEER
EMAIL: [email protected]
DIRECT: 615.590.4242
OFFICE: 615.822.3509
