Lot 64 – The Gates Drive – Decatur, TN 37322
ONLINE ONLY REAL ESTATE AUCTION
Premier Building Lot in the Gates of the River Subdivision — A Tennessee River/Watts Bar Lake Community
BIDDING BEGINS TO CLOSE:
Friday, June 5th
at 12:00PM – Noon (ET)
This exceptional building lot in the Gates of the River gated subdivision offers a rare opportunity to secure your place in this community. Conveniently located just off Highway 30 and just minutes from Decatur, this property combines the tranquility of Tennessee River and Watts Bar Lake living with the security and exclusivity of a gated community setting.
Community Amenities:
Gates of the River offers an impressive array of amenities for its residents, including:
- Tennessee River/Watts Bar Lake access
- Docks and slips available for an additional fee
- Large parking areas
- Community pavilion
- Fire pit
- Public water
- Natural gas
- Underground electric
- High-speed internet available
The Opportunity:
Whether you’re envisioning a full-time riverfront residence, a weekend getaway, or a long-term investment in one of Tennessee’s most sought-after lake and river communities, this Gates of the River building lot delivers the location, amenities, and lifestyle to make that vision a reality. Lots in gated waterfront communities with this level of infrastructure and amenities are increasingly rare — don’t miss your chance to secure your own piece of Tennessee River paradise.
Meigs County Parcel / Tax ID:
046C A 016.00
Yearly Property Taxes:
$50.66 – Meigs County only
Lot Size:
0.82 +/- acre
HOA Dues:
$700 per year
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.
Reliance 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 July 6th, 2026.
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!
