Chestunut Grove

Alley Auction


Date(s) 5/29/2024 - 6/22/2024

Saturday, June 22, 10:30 PM (Eastern)

Past Auction
Shipping Not Available
Bidding Notice:

We highly suggest you attend in person! If you cannot attend in person, we suggest you place your maximum bid amount and let Hi Bid bid for you. Hi Bid will bid in $500 increments up to your maximum amount. Any bidding ties will go to the floor bidder. Please register for the sale as soon as possible, you will need to be approved by us to participate.

Auction Information
Name Chestunut Grove
Type Live Webcast Auction
Date(s) 5/29/2024 - 6/22/2024
Auction Date/Time Info
Saturday, June 22, 10:30 PM (Eastern)
Preview Date/Time Open House: Sunday, June 13, 10:00 - 2:00 (Eastern)
Buyer Premium 10% BP | Read terms
Located just 15 minutes from historic Downtown Athens, Tennessee, this property has been professionally land planned with 8 exclusive estates each comprising over five acres to retain the natural beauty of the property. Each homesite will have access to utilities consisting of water and electric at the road. Your investment will be protected with very modest restrictions that have been placed on the property. Builders and developers will appreciate ideal level topography for easy construction. This property should be greatly considered for family holdings in this high demand area of one of East Tennessee’s most beautiful settings. We look forward to seeing you at the Auction. Sincerely, David Alley Directions: For GPS navigation, use 469 Co Rd 784, Etowah, TN 37331. Upon reaching this location, proceed an additional 0.1 miles, and the property will be situated on your right. Look for signage marking the property. Auction Details: The property will be presented in individual homesites, combinations, and as a whole estate. Bidding is currently open online, with the live auction taking place onsite on June 22nd at 10:30 AM. An Open House will be held on June 13th from 10:00 AM to 2:00 PM. Prospective bidders are encouraged to review and acquaint themselves with the auction’s terms and conditions prior to participating. Attention Brokers: Ensure your participation by submitting a completed broker participation form at least 24 hours before the auction. Qualified brokers will be eligible for cooperating compensation.
BIDDING NOTICE 1. 10% buyer premium on all tracts 2. Tracts 1 and 8: $1,750 per tract survey origination fee 3. Tracts 2-7: $3,000 total add-ons | $1,750 per tract survey origination fee, $1,250 power fee 4. Close in 30 days AUCTION NOTICE: Successful high bidder will be required to sign a Real Estate Sales Contract immediately upon completion of Auction Sale. Upon conclusion of the bidding, Buyer will make an earnest money deposit of ten (10%) percent of the sales price. A ten (10%) buyer's premium plus $1,750 per tract survey origination fee for tracts 1 and 8 and a $1,750 per tract survey origination fee and $1,250 power fee for tracts 2-7, will be added to the high bid to establish the total sales price. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing, unless otherwise specified. Alley Auction & Realty, LLC. and its auctioneer(s) and employee(s) are representing the seller(s) as the seller(s) Agents(s). All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS," without warranties expressed, implied or guarantees of any kind. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. AUCTION DAY PROCEDURE: The auction is segregated into rounds: The traditional auction round, the grouping round and the whole property round. At the end of the first (traditional) round of the auction, all lots/tracts will be displayed on the grouping board stating lot/tract, bidder #, and the current bid. If you are not on the grouping board but still want to bid – you will be required to bid on two or more lots/tracts for a minimum raise of $1,000. If you are on the board and another bidder raises the bid on your lot/tract, you can protect your bid for a minimum raise of $1,000. You can also bid on additional lots for the same $1,000 raise on each lot/tract. This gives bidders the opportunity to bid on two neighboring lots and “group” them together. We will go through this process until all lots are deemed to have final bids by auctioneer. You are not required to purchase any minimum number of lots/tracts in this stage. At the conclusion of the second round (grouping board), the property will be offered as a whole for a minimum raise of 10%. At the conclusion of all rounds, the auctioneer will confirm (deem the property sold) or not confirm the sale. Sell is subject to owner's confirmation.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 2,000,000.00 500.00 USD
Currency USD
Buyer Premium 10% BP | Read terms