Turner Estate / House & 5 acres / Hwy 100 & 230
Turner Estate / House & 5 acres / Hwy 100 & 230
Hudgins Auctions | Lyles, TN 37098
Date(s) :  4/18/2021 - 5/20/2021
Buyer Premium :  10% of the Bid Amount will be added


Online Only Auction

W. D. Turner Estate - 1950's Cottage on 5 acres PRIME CORNER LOCATION Hwy 230 & Hwy 100 This parcel has road frontage on 3 roads! House & 5 acres located at the corner of Hwy 100 & Hwy 230 and bordering Dotson Lane. This tract has frontage on three roads! Excellent opportunity for potential commercial. The house was built in 1950 and features 1,440 sq ft of living space. If you are looking for a classic 1950's cottage for a remodel, consider this property. Of course this classic mid-century cottage needs repairs...needs a LOT of repairs!  But with the price of building materials (lumber) at record high prices, this is the ideal time to remodel an older home with a good, solid structure. Walk around inside this house and you can feel just how "SOLID" this house truly is.  The family reports the house was built by Mr. Weems in the 1950's, a well-known local contractor building quality homes.  Note the original hardwood floors are still in good condition. This 5 acre corner parcel is a highly coveted location for anyone with "commercial interests" or possibly multiple residential lots.  With almost 2,000' of total road frontage (1,924'), this corner location has a tremendous amount of potential for the new owner. Historical Note: This exact corner location was once the site of a roadside motor court.To VIEW the house, contact David Hudgins - (931) 994-7144 Auctioneer, TN Lic# 4787 Opening Bid: $50,000.00 Bidding Increments: $2,500.00 Bidding Ends Thursday, May 20th 6:30pm 10% Buyer's Premium added to Bid Terms:The buyer needs CASH or access to cash to complete the transaction.  This house is not ready for a mortgage. The successful bidder will deposit 10% down in escrow with the balance due in 30 days. The buyer will receive a CLEAR TITLE / General Warranty Deed. This parcel is part of a larger parcel and will require a new survey.  The buyer will share the costs of the new survey and legal description, NOT to exceed $1,000 (buyer cost).