503 Young Ave Auction Sale Real Estate North Chattanooga

One Evening at 503 Young Avenue: Under 30 Minutes, Over Appraisal, All for a Good Cause

It’s no secret that North Chattanooga is one of the hottest areas in town. Appealing to young families and professionals, the district is home to highly ranked schools and provides easy access to the downtown riverfront — parks, recreation, eateries, bars and shops.

You might think that selling a home in the area would be a breeze. But, as anyone who’s sold a home can attest, the sales process is rarely simple or straightforward. There’s ALWAYS worries. Always pressure. Negotiations… Contingencies… Delays… The longer a home sits on the market, the more it loses in value and drains profits. Meanwhile the seller remains on the hook for continued mortgage and upkeep.

Compounding these concerns is the fact that the seller is likely to be in the middle of their own relocation process.

So, when the estate trust of a long-time North Chattanooga resident was looking for a quick, hassle-free way deal with the dispossession of a charming 50s rancher and a house full of personal property, our real estate auction team provided them with a customized solutions package that eased their concerns and optimized their profits.

“For the Young Ave. property, the auction option was definitely the best way to go,” says Compass President Paige Holt. “Our team provides traditional andauction real estate solutions. Both have their advantages. So, it’s good to have all the options available for our clients — and then to see them come away from the sale with such a big win.”

Starting a 6:30 PM on November 29 at 503 Young Ave, the live auction event kicked off with a packed house and even more bidders participating via the online simulcast. From start to finish, it lasted less than 30 minutes and, according to the sales records, the home sold for 133% of its appraised value.

“It was a great night for the family and the estate trust, to be certain,” says Holt. “They were able to meet and exceed all of their goals. And we wrapped it up in an extremely expeditious fashion!” 

As per the wishes of the estate trust, all profits from the sale of 503 Young Avenue went to a handful of well-respected charities — including Doctors Without Borders.

“We exceeded our client’s expectations, to be sure,” Holt says. “And, along the way, we were able to help some great causes.”

Holt started Compass Auctions and Real Estate with her husband Steven in 2004.

“We’ve grown a lot in the last 14 years. But we remain focused on matching customers and clients with real estate sales options the are custom tailored to fit their needs. Nobody else can provide our range of options at our level of service. That’s a great feeling!”

Paige Holt WDEF Channel 12 News Interview

Compass President Paige Holt on WDEF News 12’s Let’s Chatt

Paige Holt, President of Compass Auctions & Real Estate, appeared with Chip Chapman on the popular morning program Let’s Chatt which airs on WDEF News Channel 12.  She was discussing the auction and real estate industry.

Compass Auction & Real Estate is the only State of Tennessee Women’s Business Enterprise certified Auction & Real Estate at Auction Company in all of Tennessee.

HELP WANTED – COMPASS IS GROWING! POSITIONS AVAILABLE – Admin Assistant & Auction Setup Team Members

We are seeking applicants for the following positions

Administrative Assistant & General Labor/Auction Setup Team Members

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Administrative Assistant Needed…

Seeking Administrative Assistant for rapidly growing auction and real estate company. Will work with various team members and departments. Offices in Chattanooga and Nashville with some travel necessary. Candidates should be familiar with Microsoft Office, able to answer phones, create reports, data entry, Adobe Creative Suite a +. Mon-Fri 8 – 5 with some Saturdays.

Please e-mail resumé to in pdf or doc format.


General Labor \ Auction Setup & Staging Team Members

A multi-state Auction & Real Estate company is seeking auction setup, staging and inventory data entry Team members for our Chattanooga, TN location.


  • Must be capable of lifting 50-75#’s
  • Forklift and large equipment experience an A+
  • Knowledge of power tools and large equip. preferred
  • High school diploma or equivalent
  • Reliable transportation is required
  • Capable of working outside and warehouse settings
  • Must be organized and Reliable


Send resumes to:




Chattanooga, TN – Compass Auctions & Real Estate is pleased to announce that the Auction Firm has been selected to host both the online and live auction of a one-off custom KTM 450 in cooperation with RedBull Media House to benefit the Kurt CaselliFoundation.

“This is a once in a lifetime opportunity to own a unique piece of history,” said Steven Holt, Vice President of Compass. “It is truly an honor not only to conduct the auction, but to work to benefit such a great organization.”

This exclusive build of motocross history was completed by none other than the most prolific custom designer of our era, Roland Sands. The design was inspired by the original documentary “On Any Sunday” released in 1971. This motorcycle is a blend of motocross history with a 2015 KTM 450.

This tribute to Kurt Caselli, his love for motocross and people will be debuted during the preview of “On Any Sunday – The Next Chapter” on October 22nd in Hollywood, California. This epic film has been produced in cooperation with RedBull Media House, Freeride Entertainment, and supported by KTM & Skullcandy.

Compass Auctions & Real Estate is providing the platform for the online auction currently taking place. Steven Holt will auction off the custom bike live at the RedBull Day in the Dirt event on November 29th, 2014 at Glen Helen Raceway in California. 100% of the proceeds from the auction will be donated to The Kurt Caselli Foundation to help protect the lives of off-road riders.

The Kurt Caselli Foundation was established in 2013. The focus of the foundation is the safety of riders and racers in the off-road motorcycling industry. “He just did it for the love, the sheer love of it,” commented Roland Sands referring to Kurt Caselli. “It’s guys like that, that really make motorcycling what it is.”

Register now to bid on this unparalleled piece of motocross history at Be sure to watch “On Any Sunday – The Next Chapter” coming to a theater near you, and join us November 29th, 2014 as we celebrate the life of Kurt Caselli and raise funds for this exceptional foundation.

Compass Auctions & Real Estate hosts offices in both Chattanooga & Nashville, Tennessee. A full service auction & real estate firm, specializing in Live and Online auctions events featuring industrial – investment recovery auctions, real estate, government, municipal, farm & construction equipment, charity events & more.


For Immediate Release:

Source: Compass Auctions & Real Estate

Media Contact:

Paige Holt

Compass Auctions & Real Estate

Compass Auctions – Serving Tennessee, The South East, U.S. and Worldwide

Compass Auctions Providing Auction Services in Tennessee, Southeast, U.S, and Worldwide

Compass Auctioneers & Team Members

Compass Auctions providing auction services in Tennessee, Southeast, U.S, and Worldwide

Where has the Compass Auctioneers & Team been in the last few days!

  • Chattanooga, Tennessee
  • Kissimmee, Florida
  • Knoxville, Tennessee
  • Nashville, Tennessee
  • Dallas, Texas
  • Cincinnati, Ohio
  • Atlanta, Georgia
  • Los Angeles, California
  • San Diego, California
  • Louisville, Kentucky

Compass provides top level customer service and auction strategy, planning, staging, and marketing to multiple industries and individuals.

Compass Team Professionals are Available For Every Auction or Real Estate Scenario:

  • Traditional Real Estate
  • Real Estate at Auction
  • Industrial Asset Management &  Surplus Auctions
  • Power Plant Decommission & Asset Management
  • Investment Recovery Auctions & Management
  • Homes & Estates of Distinction
  • Estate Auctions
  • Farm & Ranch
  • Heavy Equipment Auctions
  • High End “Specialty Asset” Auctions
  • Fundraising, Benefit & Charitable Event Specialist
  • Luxury Estates
  • FDIC Real Estate Agency
Selling at Auction

Historians cite auctions as the oldest means of selling in human history, dating as far back as 500 BC. Auctions provide a place for capitalism to flourish in its basest form, as it has since the development of money. At auctions, supply and demand truly interact; buyers determine the demand, and sellers determine a supply. This competition shows the true market value of an item. Prices at auction are determined by fair-market competition. On a more personal note, auctions give you the chance to sell your items – be it real estate, heavy equipment, tools, and personal property – on a certain date. No more waiting, no more listing, no more spending your time marketing! Auctions take care of all of those things, and Compass can help you in that endeavor.

We offer consultations and opinions of value in order to give you all the facts you need before selling. Once contracted, we will market your property and assets via online marketing services, local print advertising, social media, email, nationwide networking, and more. Our staff has training and experience with marketing real estate and assets of all shapes and sizes, so feel confident that Compass gets your real estate and assets marketed to the right buyers in a professional manner.

Be comfortable when selling your items with Compass Auction & Real Estate. Auctions offer a competitive bid process that allows for almost everyone to participate. This allows your real estate and assets much more exposure than they would receive through traditional marketing. Here at Compass, our 38 years combined experience in the auction world gives us the tools and resources to do the job well. We will be fair, honest, and completely transparent. Our staff will be available to you throughout the entire process. Most asset-based auctions will be settled out within 10 business days, and most real estate auctions closed and funded within 30 days.

Let Compass field the calls, do the showing, and answer the emails, and manage the buyers. Compass Auctions & Real Estate does C.A.R.E.

Compass Auctions & Real Estate provides solutions and professionals to fit your specific needs.

Contact a Compass Team Member to find out how our company can assist you. or 423-702-6180




By Justin Ochs | Published December 17, 2013

Compass Auctions & Real Estate Awarded FDIC Contract Totaling Nearly $30 Million

Nashville, TN – Compass Auctions & Real Estate, LLC ( www . SoldonCompass .com ) is pleased to announce the  Federal Deposit Insurance Corporation (FDIC) has awarded the company the listing of 26 properties across the state of Tennessee totaling nearly $30 Million.

Compass Auctions & Real Estate, headquartered in Chattanooga, TN, has assigned Justin Ochs, Principal Broker and Auctioneer of the Nashville Division as Lead Project Manager.  Justin’s work ethic, customer service skills, professionalism and expertise in contract negotiation are highly sought after in the traditional market.  Ochs worked closely with associate T. Kyle Swicegood, CCIM of the Swicegood Group, LLC in North Carolina who has a proven track record in handling FDIC assets.

“We are humbled to be selected by the FDIC to assist in the disposition of these assets,” Ochs commented.  “Our team is working diligently daily to ensure these properties receive the correct exposure in the marketplace, and the public as well as our database of clients are informed of these FDIC offerings to ensure they bring the highest value possible.”

There is a large variation in types of properties being offered by theFDIC currently.  The properties range from residentialsubdivision tracts, to office buildings, warehouses, retail strip centers, and even mountain cabins.  Locations vary as well, from as far west as Dresden to as far east as Greeneville with several properties located in and around Nashville and Knoxville.

“Many of the listings including office buildings and retail centers that are already income producing with current lease agreements,” Ochs noted.  “Many other FDIC assets are great investments ranging from a gas station with carwash in Lebanon, to rental cabins with mountain views in Gatlinburg.”

Compass Auctions & Real Estate,  LLC has specific divisions focused in the auction marketing and traditional sale of residential and commercial real estate, farms and land, along with farm machinery, heavy equipment and other surplus assets across the United States. For more information, call (423) 702-6180  or visit

Justin Ochs, M.S., CAI

Principal Broker/Auctioneer Compass Auctions & Real Estate Nashville Division “Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

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Compass Auctions Making Headlines in Bloomberg Business Week

stator pic from news sentinel-by Adam

Bloomberg Businessweek


Surplus TVA equipment finds new life through auctions [The Knoxville News-Sentinel, Tenn.]

Oct. 12–Surplus TVA equipment finds new life via auctions

It’s very easy for a valve meant for a TVA power plant to have a career in an oil refinery or a paper mill instead.

Don Williams, co-owner of Mobile, Ala.-based Industrial Valve, said that’s why his company bought about $90,000 worth of valves at a recent TVA auction.

“Valves are a very general piece of equipment and can cross industries very easily,” he said.

And that’s why he plans to go back to Hartsville, Tenn., when TVA holds two more auctions there Oct. 22 and Nov. 19, both at 9 a.m. CST.

“I would say about 95 percent of the material is new and unused,” Williams said. “For a surplus dealer, when you buy something you don’t have to put a lot of labor into in order to sell it, that’s great.”

The Tennessee Valley Authority is liquidating about $30 million in surplus materials and equipment through three auctions, the first of which was held Sept. 24.

Chattanooga-based Compass Auctions is handling the auctions, which are held at TVA’s warehouses at 488 J.D. Hood Lane in Hartsville, which is northeast of Nashville.

About 22,000 lots of inventory will be on sale at the October and November auctions. TVA spokesman Scott Brooks said this means many more than 22,000 items, though.

“One lot might be 500 bolts,” he said.

There are five warehouse buildings full of industrial equipment and materials to be auctioned, said Paige Holt, president of Compass Auctions. Inventory includes a wide range of surplus equipment, road trucks, trailers, heavy equipment, forklifts, Mack trucks, electrical equipment, transformers, valves, pumps, hydraulic cylinders and other items.

The Hartsville facility is on the site of a nuclear plant that TVA began building in the 1970s but then canceled construction in the mid-1980s. Hartsville is a major holding facility for surplus inventory from all over TVA’s seven-state service area, Brooks said.

The federal government-owned utility provides electricity for business customers and local power companies that serve some 9 million people in parts of seven states.

TVA’s Investment Recovery division, based in Chattanooga, keeps track of the surplus inventory and tries to sell it and get the best return for TVA, Brooks said.

These items are things that TVA bought but did not use. They might be materials and equipment left over from a project at a TVA site or just a case of not needing all items that were ordered.

“In most cases, TVA will try to sell it back to where we bought it, but if we can’t, we will look to see if we can reuse it in some way,” Brooks said.

If a use can’t be found, the item is declared surplus and sent to a holding center for auction.

Although TVA has instituted several cost-cutting initiatives this year, the auction is not part of that, Brooks said. TVA holds auctions from time to time as it accumulates surplus inventory, he said.

“We just decided this was a good time,” he said.

Holt said her company has worked with TVA on auctions before. In May, Compass auctioned surplus inventory from a TVA project to replace steam generators at its Sequoyah Nuclear Plant. The inventory there ranged from radiation monitoring equipment to fire extinguishers, welding equipment, hand tools, sheet metal and other items.

The TVA auctions draw an assortment of buyers, Holt said.

“We will have everything from industrial surplus companies to scrap and metal yard companies, power and energy companies, construction companies,” she said.

The Sequoyah auction drew about 640 people to the site and the September Hartsville auction drew about 400, Holt said. She expects about 400 people at the next two Hartsville auctions. People are able to take part in the auctions either in person or online through the company’s website, Holt said.

TVA’s auctions not only help her company and the buyers, but also allow TVA to get some money back to help keep electric rates lower, she said.

Williams said his company makes good use of auctions such as those held by TVA. Industrial Valve, which has operations in Alabama, Louisiana, Indiana and Cleveland, Tenn., provides various valve-related products and services, but a good bit of its focus is on surplus valves.

The company markets these as “better than new” valves that have never been used but which it sells at a discount price and with a warranty.

It also touts the quick availability of the valves compared with the time it can take a customer to order a new valve. The valves he buys at auction from TVA will pass from his company to many others, Williams said.

“We have a clientele that includes power companies throughout the Southeast, like Entergy and Southern Company, but we also do a lot of business with refineries such as Chevron, and we do paper mills,” he said.









©2013 Bloomberg L.P. All Rights Reserved. Made in NYC Ad Choices

Image: Adam Lau – Knox News Sentinel

Compass Auctions & Real Estate To Sell Over $30 Million Of TVA Government Surplus Nuclear And Coal-Fired Inventory

Compass Auctions & Real Estate has been selected to auction over $30 million of TVA’s nuclear and coal-fired plant surplus inventory from multiple locations throughout the Southeast.

“We are humbled at the opportunity and find it refreshing to conduct business with an organization whose focus is to provide superior service to its clients all over the Southeastern United States,” commented Paige Holt, president of Compass Auctions & Real Estate. “The Tennessee Valley Authority is striving to be more efficient and improve the quality of service they offer to consumers.”

Over 22,000 lots of Coal Fire and Nuclear Power Plant replacement parts inventory will be sold at public auction from the TVA warehouses located in Hartsville, Tn. The inventory consists of new, crated and unused electrical equipment, transformers, valves, pumps, cylinders, motors, Mack trucks, forklifts, road tractors and much more. An extensive list of items to be sold can be viewed at

The inventory will be sold in four separate auctions taking place at the Hartsville location on Sept. 24, Oct. 22, Nov. 19 and Jan. 14. The auctions will be held live with live internet bidding available to allow buyers from around the world to participate in real time.

“This will be an excellent opportunity for both domestic and international buyers to purchase nuclear, coal, gas and water plant replacement parts that have never been used,” stated Steven Holt, vice president of Compass.

Compass Auctions & Real Estate is a full-service auction and real estate company with locations in Chattanooga and Nashville. Compass has over 25 years of experience with several divisions. For more information call, (423) 702-6180 or visit Hartsville Flyer pg 2


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