2 Homes & Garage | 516 & 530 Rutledge Pike – Blaine, TN 37709

ONLINE ONLY REAL ESTATE AUCTION
Selling on behalf of the Stanley Thurman Estate

Multi-Property Opportunity in Blaine Community

6.50+/- Acres with 2 Homes & Garage – Offered in 2 Tracts

Exceptional rural property opportunity in the desirable Blaine community of Grainger County. This expansive acreage on Rutledge Pike offers incredible flexibility with multiple residences and substantial outbuilding space, perfect for investors, multi-generational families, or businesses requiring extensive storage and workspace.

Property Overview

• Prime Grainger County location on well-traveled Rutledge Pike
• Convenient access to area amenities and transportation routes
• Flexible tract offering allows buyers to purchase according to their specific needs
• Multiple income potential with two separate residential structures

Residential Structures

Main Residence: Approximately 1,820 square foot brick ranch featuring solid construction and an unfinished basement offering expansion potential or additional storage space.

Secondary Home: Approximately 1,160 square foot single-level residence providing rental income opportunity or guest/family accommodation.

Commercial/Storage Potential

Detached Garage Building: Massive approximately 4,000 square foot structure ideal for vehicle storage and maintenace, equipment storage for contractors or farmers, workshop space for hobbyists or small business operations, potential commercial or light industrial use. 

Investment Advantages

The combination of residential properties and substantial outbuilding space creates potential multiple revenue streams and usage options. Whether you’re seeking a primary residence, investment property, or a home-based business opportunity, this unique offering provides exceptional value and versatility in the growing Blaine community.

Grainger County Parcel / Tax ID:

098  027.00

Current Yearly Property Taxes:

$3,681.28 – Grainger County only

Lot Size:

6.50+/- acres

PLEASE NOTE: A survey origination fee of $750.00 per tract will be included in the Sales Contract and paid at closing by the Buyer.

LOT 1 | 516 Rutledge Pike – Single Level House – 1.44+/- acres

Charming Single Level Home on 1.44+/- Acres

Circa 1948 Character Home with Rural Setting

Step back in time with this approximately 1,160 square foot single level home offering the perfect blend of vintage charm and country living. Built around 1948, this property provides an excellent opportunity for buyers seeking acreage, restoration potential, or a peaceful rural lifestyle.

Property Features

• Single level convenience with approximately 1,160 square feet of living space
• Generous 1.44+/- acres providing privacy and room to roam
• Attached carport with convenient adjoining storage room
• Historic storage building/barn adding rustic character and additional storage capacity

Investment Potential

Whether you’re drawn to the home’s vintage character, the spacious acreage, or the opportunity to create your own rural retreat, this property offers excellent value. The combination of living space, covered parking, and multiple outbuildings provides flexibility for various lifestyles and uses.

Perfect for buyers seeking country living, those interested in restoration projects, or anyone wanting room to breathe on their own piece of land.

PLEASE NOTE: A survey origination fee of $750.00 per tract will be included in the Sales Contract and paid at closing by the Buyer.

LOT 2 | 526 & 530 Rutledge Pike – Brick Basement Ranch Home & Garage – 5.06+/- acres

Impressive Brick Ranch with Massive Commercial Building

Approximately 1,820 Square Feet Plus 4,000 SF Detached Building

Exceptional property combining comfortable residential living with substantial commercial or workshop space. This well-appointed 2 bedroom, 2 bathroom brick basement ranch built in 2003 offers modern amenities and extensive vehicle storage, complemented by a massive detached metal building (built 2001) perfect for business operations or serious hobbyists.

Main Level Living

• Spacious kitchen featuring breakfast bar and newer appliances, including microwave installed last year
• Adjacent dining area for convenient meal service and entertaining
• Large living room with attractive standalone fireplace and laminate flooring throughout main areas
• Covered front and rear porches providing outdoor relaxation space
• Tandem 4-car attached garage with dual garage doors on main level

Private Accommodations

• Master suite with dual closets and en suite bathroom featuring walk-in shower
• Generous guest bedroom with convenient adjoining half bathroom
• Guest bathroom equipped with relaxing garden tub
• Office or storage closet for workspace or organization needs
• Laundry/mudroom with practical sink for utility tasks

Basement & Additional Storage

• Unfinished basement with single car garage door, spacious enough for 4 vehicles or extensive workshop operations

Commercial Building Opportunity

Detached 4,000 SF Metal Building (40′ x 100′):

• Three 12-foot rollup doors (two at 5′ height, one at 6′ height)
• Interior rollup door for flexible space division
• Dedicated office space and two bathrooms
• Upstairs storage area for inventory or equipment
• Man door for convenient access

Investment Potential

This unique combination of comfortable family living and substantial commercial space offers exceptional versatility. Whether you’re operating a business from home, need extensive vehicle and equipment storage, or seeking investment property with multiple revenue streams, this property delivers outstanding value and flexibility.

PLEASE NOTE: A survey origination fee of $750.00 per tract will be included in the Sales Contract and paid at closing by the Buyer.

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 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 October 24th, 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 “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!