409 acres – Meigs County Land

Date: 10/23/2021

Time: 10:30AM

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips - #2385

Online Only Real Estate Auction
409 acres located in Ten Mile, TN

Offered in 33 tracts
Ranging from 3 to 28 acres each

BIDDING BEGINS TO CLOSE:
Saturday, October 23rd at 10:30AM

Maple Grove Road - Reed Road - Butler Reed Cemetery Lane

Only minutes from Watts Bar Lake

Beautiful views from this property

Excellent property for hunting land, homesites, gentleman's farm

Get your Tennessee dream property!!!

Inspect property anytime

Bid price will be per the acre - your bid is multiplied by the number of acres

Buyer to pay survey fee of $100.00 per acre

 Building setbacks
35' Front | 15' Rear | 10' Sides

Zoning: FAR

10' Utility and Drainage easement
is reserved adjacent to all road right-of-ways on both sides of lot lines

City water is available

All sales are subject to owner confirmation

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Farm Credit

Sale conducted in conjunction with
Ronnie Colyer Auction & Realty | 423-506-0990

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. Buyer to pay survey fee of $100.00 per acre. 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. 

Reliance Title 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.

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 *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!