This image portrays Highway 92 & Buffalo Springs Road - Rutledge, TN 37861 by Powell Auction & Realty.

Organizer

Powell Auction & Realty, LLC
Phone
865-938-3403

Other Organizers

Kenny Phillips | Lic #2385
Phillip Hopper | Lic #6709
ONLINE BIDDING

Location

Bid Live or Online

More Info

ONLINE BIDDING

Date

Jun 08 2024

Time

BIDDING BEGINS TO CLOSE AT 12:00PM - Noon (ET)
10:00 am

Highway 92 & Buffalo Springs Road – Rutledge, TN 37861

REAL ESTATE AUCTION – 229 +/- acres offered in tracts, groupings, and as whole – BID LIVE OR ONLINE

BID LIVE OR ONLINE:
Saturday, June 8th
at 10:00AM (ET)

OPEN HOUSE/PREVIEW:
Thursday, June 6th
from 12:00PM – 4:00PM (ET)

  • 229.73+/- acres offered in tracts, groupings, and as a whole – ***PLEASE NOTE: Grouping will only be offered at the live auction, so online bidders may get grouped out – Be present at the live auction to ensure your bid is protected.***
  • Tracts ranging from 5+/- to 26+/- acres
  • Tracts 1-9 access from Highway 92
  • Tracts 10-18 access from Buffalo Springs Road
  • Beautiful pastureland with gorgeous picturesque lake and mountain views
  • Tracts 2, 9, 10 & 16 have higher elevation and great views.
  • Ideal property to continue as a large farm or purchase in smaller tracts for a private estate, homestead or gentleman’s farm
  • Originally part of the T. Ralph Combs dairy farm
  • Property being sold is comprised of current Grainger County Parcel/Tax ID: 075  036.00 and portion of current Parcel/Tax ID: 075  074.00
  • Property to be lightly restricted to a minimum of 1300 SF – modular, double-wide or stick built home. To be new at installment and installed per requirements of the State of Tennessee and/or any zoning regulations enforced by Grainger County.
  • PLEASE NOTE: A SURVEY ORIGINATION FEE OF $1,350.00 PER TRACT WILL BE ADDED TO THE SALES CONTRACT PRICE AND TO BE PAID AT CLOSING BY THE BUYER.

TRACT 1 | 3178 Highway 92 – 5.00+/- acres

  • Brick ranch home with approx. 3220 total SF sitting on 5+/- acres
  • 1333+/- SF on main level and 1887+/- SF upstairs
  • 3 bedrooms and 2 bathrooms
  • 2-car attached carport
  • Covered front porch for taking in the tranquil country setting
  • Upstairs of the home could potentially be a separate apartment with bedroom, full bathroom, living room and kitchenette
  • Central HVAC on the main level
  • Wood-burning fireplace in living room
  • Hardwood floors on main level
  • Detached 19′ x 25′ brick storage building with upstairs storage
  • Current well for the home is located across Highway 92
  • YEAR BUILT: 1940
  • LOT SIZE: 5+/- acres

TRACT 2 | 26.29+/- acres – Highway 92

TRACT 3 | 10.89+/- acres – Highway 92

TRACT 4 | 7.30+/- acres – Highway 92

TRACT 5 | 7.30+/- acres – Highway 92

TRACT 6 | 7.30+/- acres – Highway 92

TRACT 7 | 7.30+/- acres – Highway 92

TRACT 8 | 7.30+/- acres – Highway 92

TRACT 9 | 26.44+/- acres – Highway 92

TRACT 10 | 24.05+/- acres – Buffalo Springs Road

TRACT 11 | 9.19+/- acres – Buffalo Springs Road

TRACT 12 | 9.36+/- acres – Buffalo Springs Road

TRACT 13 | 9.72+/- acres – Buffalo Springs Road

TRACT 14 | 10.09+/- acres – Buffalo Springs Road

TRACT 15 | 10.47+/- acres – Buffalo Springs Road

TRACT 16 | 22.09+/- acres – Buffalo Springs Road

TRACT 17 | 14.80+/- acres – Buffalo Springs Road

TRACT 18 | 14.84+/- acres – Buffalo Springs Road

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%) buyer’s 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 8th, 2024.

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 “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s 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 “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s 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!