Online Only Auction
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Price Realized:
17,600.00 USD
Shipping Not Available
Date(s)
10/14/2024 - 11/2/2024
AUCTIONEER INFORMATION

Information
Lot # 1
Estimate 20,000.00 - 30,000.00 USD
Group - Category Real Estate - Residential
Lead High Meadow 1.1 Ac. Lot
Description
High Meadows Dr., Spencer, TN 38585 Remarkably Spacious Vacant Lot in Spencer! Conveniently situated next to Falls Creek Fall Park, this 1.1-acre residential lot offers an exceptional opportunity for those seeking an active lifestyle with plenty of nearby amenities. The area has exciting activities and opportunities, perfect for a full-time residence or a short-term rental/Airbnb. 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 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. ADDRESS 1069 High Mdw Dr Spencer, TN 38585 or listed as 1069 High Meadows Dr. Spencer, TN 38585 MAP LINK https://maps.app.goo.gl/bjUbwuYGViCx9v5T7 DIRECTIONS Cookeville, Tennessee to 1069 High Mdw Dr, Drive 40.3 miles, 52 min Spencer, TN 38585 1. Head south on S Dixie Ave. Take TN-111 S to TN-285 E in Van Buren County 2. Turn left at the 1st cross street onto E Spring St 3. Turn right onto the ramp to Sparta 4. Merge onto TN-111 S 5. Use the right lane to take the TN-111 S/Spencer ramp 6. Continue onto TN-111 S/Spencer Hwy Continue to follow TN-111 S Continue on TN-285 E to your destination 7. Turn left onto TN-285 E 8. Turn left onto TN-285 E/TN-30 E Continue to follow TN-30 E 9. Turn right onto Gulf Rd 10. Turn right (gate code 8802) 11. Continue straight 12. Turn right The destination will be on the left *See Auction Signs*
Name Online Land Auction - 1.1 Ac. Residential Lot
Auctioneer
Type Online-Only Auction
Date(s) 10/14/2024 - 11/2/2024
Auction Date/Time Info
Auction will close out on 11/2/2024 @ 10 AM CST
Preview Date/Time Preview Anytime Gate Code 8802
Checkout Date/Time Closing will be within 30 days after closing.
Location
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.
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 Paramount Title 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 Paramount Title. Instructions will be sent to winning bidder. 15. Buyer will receive a clear and insurable title with no liens. 16. Buyer will receive title insurance for the property at the seller's expense. 17. A title search has already been performed on this property. 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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000,000.00 100.00 USD
Currency USD
Buyer Premium 10% BP Added To The Final Bid Amount