ONLINE AUCTION: VACANT BUILDING LOT on 1.1 Ac±

Name	ONLINE AUCTION: VACANT BUILDING LOT on 1.1 Ac±
Auctioneer	931AUCTIONS, LLC
Type	Online-Only Auction
Date(s)	5/15/2024 - 5/30/2024
Auction Date/Time Info	Auction will close out on 5/30/2024 @ 6PM CST
Preview Date/Time	Preview Anytime Gate Code 8802
Checkout Date/Time	Closing will be within 30 days after closing.
Location	1069 High Mdw Dr Lot 39 Spencer, TN 38585
Buyer Premium	10% BP Added To The Final Bid Amount
Description	Remarkably Spacious Vacant Lot in Spencer! Conveniently situated next to Fall Creek Falls State Park, this 1.1 Ac± residential lot offers an exceptional opportunity for those seeking an active lifestyle with plenty of nearby amenities. Perfect for a full-time residence or a short-term rental/Airbnb, the area is rich with exciting activities and opportunities. Fall Creek Falls Park delights over 29,000 acres, with waterfalls, hiking trails, camping sites, a golf course, an indoor/outdoor restaurant, and a recreation hall. No matter your style preference, the backdrop of towering trees and serene nature sounds to create a picturesque environment for lasting enjoyment. Envision the architectural possibilities of a classic cabin, a character-packed craftsman, or a rustic contemporary home. In addition to the idyllic location, the oversized lot may easily accommodate an entertainer’s backyard with a swimming pool, covered patio, fire pit, playground, and a jacuzzi. HOA Annual Fee is $425.00 This covers road maintenance, gate maintenance, mowing green spaces, and lake management.

Terms and Conditions

Auction Terms & Conditions Terms: 1) 10% Buyer’s Premium. 2) 10% Deposit of Total Sales Price. 3) Closing will take place within 30 days. 4) Closing is not subject to any conditions. 5) 2024 Taxes prorated. 6) Possession will be on the day of closing. 7) This property sells “As Is, Where Is” surface and subsurface without warranties. Buyer will receive clear title & title insurance. 8) Bidders should complete their due diligence before the sale, not after the auction. 9) Announcements & Updates Day of Sale Take Precedence Over All Other Advertising. 11) Buyer and Seller will close with ***Title Company*** in Cookeville, TN. 12) Buyers are required to sign a real estate contract on the day of the sale. 13) Buyers must pay the 10% earnest money within 24 hours of the sale or the next business day. Saturday Auctions Earnest Money Due On Monday. 14) Earnest Money: CHECK or WIRE funds directly to 931 AUCTIONS, LLC. Instructions will be sent to winning bidder. Example Sale: Bid Price is $100,000 a 10% Buyer Premium is added to establish the sales price of $110,000. A sales contract will be written for that amount. The buyer would send a 10% deposit of $11,000 to the title company and bring the rest to closing.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 1,000,000.00	100.00 USD

Payment Information

Currency	USD
Buyer Premium	10% BP Added To The Final Bid Amount

Shipping / Pick Up