290+/- ACRES BUFFALO SPRINGS ROAD, RUTLEDGE TN 37861

Powell Auction & Realty, LLC

 

Date(s) 10/31/2024 - 11/21/2024

THURSDAY NOVEMBER 21ST @ 12:00 PM (ET)

Online-Only Auction
Shipping Not Available
Bidding Notice:

WE SUGGEST YOU PLACE YOUR MAXIMUM BID AND LET COMPUTER BID FOR YOU, DUE TO INTERNET LAGS. WE ARE NOT RESPONSIBLE FOR ANY COMPUTER MALFUNCTIONS. ALL TIE BIDS GO TO FLOOR.

Auction Information
Name 290+/- ACRES BUFFALO SPRINGS ROAD, RUTLEDGE TN 37861
Auctioneer
Type Online-Only Auction
Date(s) 10/31/2024 - 11/21/2024
Auction Date/Time Info
THURSDAY NOVEMBER 21ST @ 12:00 PM (ET)
Preview Date/Time ANYTIME AT YOUR LEISURE
Checkout Date/Time .
Location
Buyer Premium 10% FEE - BUYERS PAY ONTOP OF BID PRICE
Description
290+/- acres – Buffalo Springs Road – Rutledge, TN 37861 ONLINE ONLY REAL ESTATE AUCTION 290 +/- acres offered in 13 tracts and as whole BIDDING BEGINS TO CLOSE: Thursday, November 21st at 12:00PM – Noon (ET) 290.03+/- acres offered in tracts and as a whole Tracts ranging from 8.83+/- to 33.19+/- acres with over 7000' of total road frontage Beautiful pastureland with barns and ponds 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 Gorgeous views from the property! You must see this property in person to appreciate its beauty! Driveway on lot 6 allows you to drive across the top of the land to take in the absolutely stunning views Property being sold is comprised of current Grainger County Parcel/Tax ID: 081 011.00 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 $1,900.00 PER TRACT WILL BE ADDED TO THE SALES CONTRACT PRICE AND TO BE PAID AT CLOSING BY THE BUYER. IF THE PROPERTY IS PURCHASED AS A WHOLE, THE SURVEY ORIGINATION FEE WILL BE $24,700.00. In order for the property to sell as a whole, the price must be 5% greater than the total of the individual lots. TRACT 1 | 14.40+/- acres with 1,212.55’+/- of road frontage – barns, silos & ponds TRACT 2 | 15.94+/- acres with 806.90’+/- of road frontage TRACT 3 | 8.83+/- acres with 548.45’+/- of road frontage – barn TRACT 4 | 10.28+/- acres with 509.30’+/- of road frontage TRACT 5 | 29.32+/- acres with 860.95’+/- of road frontage TRACT 6 | 26.95+/- acres with 564.25’+/- of road frontage – pond TRACT 7 | 27.87+/- acres with 83.30’+/- of road frontage TRACT 8 | 23.50+/- acres with 1,708.45’+/- of road frontage (23.01+/- acres with 1,177.20’+/- of road frontage on the south side of the road and 0.49+/- acres with 531.25’+/- of road frontage on the north side of the road) TRACT 9 | 27.53+/- acres with 75.10’+/- of road frontage TRACT 10 | 32.57+/- acres with 77.35’+/- of road frontage TRACT 11 | 33.19+/- acres with 63.75’+/- of road frontage TRACT 12 | 13.78+/- acres with 559.50’+/- of road frontage – barn TRACT 13 | 25.87+/- acres with 234.05’+/- of road frontage Powell Auction & Realty
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 December 23rd, 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!
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% FEE - BUYERS PAY ONTOP OF BID PRICE
Payment Terms
10% DOWN
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