Pocket doors, clawfoot tubs & transom lights, OH MY!
Crye Leike is scheduled to auction the former home of Lula Adeline Rackley at 862 Oak St. Chattanooga, TN 37403 (smack dab in the middle of the Fort Wood historic district) on February 11, 2010 at 5pm.
For its age and lack of updating, the house is in surprisingly good shape. With the exception of some flooring that has buckled in the living room (parlor? salon? Sunday go-to-meetin' room?) the wood floors are lovely, if worn, and not at all wonky like most old houses. I'm not saying you could play a fair game of marbles on these floors, but they're not bad at all.
Lula enjoyed three large rooms downstairs, all with their own pocket doors, a full (albeit small) bathroom and a kitchen that is large and remarkable for its lack of cabinets. Upstairs, Ms Rackley rambled around in 5 bedrooms, each of which has at least one decent sized closet - not common in houses this age. The smallest bedroom is just crying out to be turned into a master bath since it shares an interior door with a larger bedroom.
For the purist, one of the best things about this house (I'm gonna need a drum roll for this one........) NONE OF THE WOODWORK HAS BEEN PAINTED! Yeah, that deserves both a drum roll and cyber yelling. And beautiful woodwork it is.
So, if you're interested in taking on a project of stupendous magnitude - this is not a task for the faint of heart or short of cash - call or email me and I'll hook you up.
Click to see the photo gallery provided by the auction company.
For the eBay uninitiated, an absolute auction means that there is no reserve and no minimum. The person holding the highest bid at the sound of the gavel will be the purchaser, no ifs ands or buts.
Here's all the legal mumbo jumbo from the auctioneer (with whom I am completely and totally unaffiliated):
REAL ESTATE TERMS: A Non-refundable deposit of 10% will be required on the day of the sale. Funds are accepted in the form of a Cashier’s, Personal, or Business check. Closings shall take place no later than 30 days after the auction. 10% Buyers Premium will apply.
Under title X the purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead base paint. The period of inspection is 10 days prior to the auction. All bidders must sign a waiver of the 10-day post inspection period
Disclaimer: All Property sells as is, where is with no warranties either written or implied, any announcement from the Auctioneer on day of sale will take precedence over any other statements, either written or oral.
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