a la Dutch Auction
7100 Riverdale Bend Rd, Memphis TN 38125 (Info)

Dutch Auction
A type of auction in which the price on an item is lowered until it gets a bid. The first bid made is the winning bid and results in a sale. This is in contrast to typical auctions, where the price rises as bidders compete. Investopedia.com

The final sales price includes a 10% broker cooperation fee.

Up to $5,000 of the final sales proceeds shall be used to establish a community organization for the purpose of promoting The Bend at Germantown, provided leaderhsip for such an organization can be identified.

Auction Suspended by

morris Morris Realty Group

Contact: Skip Miller
Cell (901) 335-9519


Price Date Comments & Source
$120,000 2/1/2015 New price. As promised, the price will be reduced $10,000 per month until the property is sold. Wait, or make a lower bid today!
$130,000 1/1/2015 Old price.
$140,000 12/1/2014 Old price.
$150,000 11/1/2014 This price will be reduced $10,000 per month until the property is sold. Wait, or make a lower bid today!
$207,500 12/31/2013 Shelby County Assessor
$250,000 12/31/2012 Owners Value - Approximately $2.00 per sq ft. Listed price of properties in the area.
$300,000 6/1/2010 Hank Martin: NAI Saig Company - "The price really doesn't matter. It is not going to sell at any price. You can try yourself at $2.50/sq ft."
$689,990 9/18/2008 Justin Lubin: Makowsky Ringel Greenberg, LLC - "Let's list it for $6.00/sq ft. Maybe we can catch the end of the motel boom."

Owner/Seller*
Joel Breen
joelrbreen@gmail.com
(901) 317-7366 Phone
(760) 805-5283 Cell

Email Joel

Closing:
Griffin, Clift, Everton & Maschmeyer, PLLC.

Title Insurance:
First American Title Insurance Company

* Owner/Seller is not an auctineer and this activity shall not be construed as an auction according to the laws of the State of Tennessee. "a la Dutch Auction" is intended to imply that the price will be periodically reduced until the property is sold.