56+/- Acres in 5 Tracts | 320 E Raccoon Valley Drive – Heiskell, TN 37754
ONLINE ONLY REAL ESTATE AUCTION
Selling on behalf of the Estate of Ray Cox
56.56+/- acres offered in 5 tracts
BIDDING BEGINS TO CLOSE:
Tuesday, June 3rdÂ
at 12:00PM – Noon (ET)
OPEN HOUSE:
Monday, June 2ndÂ
from 10:00AM – 4:00PM (ET)
PRIME AGRICULTURAL LAND OPPORTUNITY IN NORTH KNOX COUNTY
Presenting an exceptional opportunity to own 56.56+/- acres of beautiful agricultural land, offered in five distinct tracts in the highly desirable Heiskell community of North Knox County. This versatile property spans both sides of E Raccoon Valley Drive and is conveniently located less than 5 minutes from I-75 exit 117 (Raccoon Valley Road). The strategic location provides quick and easy access to Clinton, Powell, and Knoxville, combining rural charm with modern convenience.
The property is comprised predominantly of cleared land, with tracts 4 and 5 also featuring attractive wooded areas, creating a perfect balance of usable acreage and natural beauty. Adding to the appeal, a picturesque creek meanders through tracts 3, 4, and 5, enhancing both the aesthetic and practical value of these parcels. All tracts are zoned A-Agriculture, offering flexibility for various uses while maintaining the pastoral character of the area.
PLEASE NOTE: A SURVEY ORIGINATION FEE $1,700.00 PER TRACT WILL BE ADDED TO THE SALES CONTRACT AND PAID AT CLOSING BY THE BUYER.Â
CURRENT KNOX COUNTY PARCEL/TAX ID: 036 Â 004
TRACT 1 | 5.75+/- acres
- 341.31+/- feet of valuable road frontage
- Level and cleared land
- Ideal setting for new construction with excellent accessibility
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TRACT 2 | 5.74+/- acres
- Featuring an impressive 601.99+/- feet of road frontage
- Level and cleared land
- Extensive options for access and development
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TRACT 3 | 5.00+/- acres
- 231.03+/- feet of road frontage
- Mostly cleared land that also benefits from a creek flowing through the property
- Includes an approximately 1,292 SF handyman special/fixer upper ranch-style home featuring:
- Main level offers a covered front porch, spacious living room, formal dining room, and an eat-in kitchen with an adjoining den highlighted by a charming fireplace
- Master bedroom includes an ensuite bathroom and walk-in closet
- Complemented by 2 additional guest bedrooms and a guest bathroom
- Unfinished basement with dirt/gravel floor, two garage doors, and a mop sink
- While this handyman special requires some updating, it presents an excellent opportunity to create your ideal country home
TRACT 4 | 21.05+/- acres
- 391.45+/- feet of road frontage
- Features a dilapidated 1920s farmhouse awaiting restoration or demolition, a detached fieldstone garage, an authentic fieldstone smokehouse, a large barn, and multiple additional outbuildings and barns
- Creek flowing through this approximately half-cleared, half-wooded property adds to its rustic appeal and practical value for agricultural use or development
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TRACT 5 | 19.03+/- acres
- 338.13+/- feet of road frontage
- Approximately half-cleared and half-wooded, with creek continuing through the property, creating a harmonious natural setting with abundant potential for various agricultural pursuits or development
This remarkable collection of tracts offers exceptional versatility for buyers seeking anything from a small homestead to substantial farmland. The combination of convenient location, natural water features, existing structures, and diverse landscapes makes this an unparalleled opportunity in North Knox County’s real estate market.
Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyerâs premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.
M&M Title Company will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before July 3rd, 2025.
The contract will not be contingent upon financing, inspections or any other contingencies.
Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold âAS IS, WHERE IS and WITH ALL FAULTSâ, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidderâs behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**
Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold âAS IS, WHERE IS and WITH ALL FAULTSâ, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidderâs behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.
New Bidders, please Pre-Register, we will have to approve you to Bid!
