Located in the gated community of Harbor Island in Old Hickory, the home of Stefan and Inga Wiese will be offered at public auction Oct. 2 at 1 p.m.
Located at 329 Harbor Drive in Old Hickory, the Germany natives bought the home in 2012 with intentions of moving to the United States, however, their business commitments overseas prevented them from being able to move full time.
“It has been a lot of stress on us keeping a house of this size up and short-term renting is not an option on Harbor Island,” Inga Wiese said.
“We love this home, but we are not able to enjoy it as we hoped.”
The home was originally purchased from Marc Oswald, a successful country music artist manager who also played a role in the development of the Fontanel Mansion. The Wieses have made several improvements since the initial investment.
The Wieses realize they may never recapture their investment or past listing price but have chosen to sell the home at auction to eliminate the costs of carrying the home vacant through the winter.
“The main reason for choosing to sell at auction was to have a definite closing date for the property,” Inga Wiese said.
The home is more than 6,800 square feet and is comprised of five bedrooms, five bathrooms and full guest quarters. It offers views of Old Hickory Lake with a boat dock and a poolside cabana area on 1/2-acre lot, which is ideal for entertaining.
The Wieses plan to pay all fees and commissions related to the sale of the home, and there is no “buyer’s premium” or additional fees for the buyer. The highest and best bidder will be determined at the auction.
Jay Cash, auctioneer and real estate broker with James R. Cash Auctions and Real Estate, will conduct the onsite auction.
“We are always thrilled to have the opportunity to offer premier properties like this at auction, and we enjoy working with international clients” Cash said.
“As a second-generation auctioneer, I have seen many buyers make smart investments. At auction, the bidders and buyer determine the sales price. It’s a win-win situation for both buyer and seller.”
The winning bidder will pay $50,000 down, and the balance will be due within 45 days. Interested bidders may view the home by appointment and have a home inspection, if desired.