SOLD | $1,309,500 | 240 Sliger Lane | Decatur, TN 37322

Date: 01/08/2022

Time: 10:30AM (ET)

Location: Bid Live or Online

Office: Knoxville

Agent: Kenny Phillips - #2385

Real Estate Auction
240 Sliger Lane | Decatur, TN 37322

BID LIVE OR ONLINE
Saturday, January 8th at 10:30AM

OPEN HOUSE:
Thursday, December 30th from 1-5PM

+/- 112 acre farm with 1800s 2-story farm house 

Beautiful gently rolling acreage

Offered in 17 Tracts:
- Lot 1: 6.38 acres
- Lot 2: 6.28 acres
- Lot 3: 7.19 acres
- Lot 4: 7.78 acres
- Lot 5: 7.37 acres
- Lot 6: 7.27 acres
- Lot 7: 6.40 acres
- Lot 8: 6.30 acres
- Lot 9: 6.08 acres (Home and Creek Frontage)
- Lot 10: 5.46 acres (Barn and Creek Frontage)
- Lot 11: 5.15 acres
- Lot 12: 5.01 acres
- Lot 13: 8.57 acres ( Creek Frontage)
- Lot 14: 5.75 acres (Creek Frontage)
- Lot 15: 5.49 acres (Creek Frontage)
- Lot 16: 5.41 acres (Creek Frontage)
- Lot 17: 10.28 acres (Creek Frontage)

Meigs County Parcel/Tax ID: 025  025.00

Approx. 3857 SF 2-story Home built circa 1857

There is a Survey fee of $1000.00 per lot.

No Restrictions

City water is available

***PLEASE NOTE: During LIVE bidding only, property will be offered in combinations and as a whole. This will not be offered to online only bidders. ***

SALE CONDUCTED IN CONJUNCTION WITH:
Ronnie Colyer Auction & Realty | 423-506-0990

Rural 1st

Real Estate TERMS: 
The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately 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 contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. By bidding you are entering into a binding agreement. Sale is exempt from TN Residential Property Condition Disclosure. Lead-based paint inspection period to begin December 30th, 2021.  **PROPERTIES WILL BE OFFERED IN GROUPS OR AS A WHOLE AT THE LIVE AUCTION ONLY!! IF YOUR ONLINE BID REMAINS THE HIGH BID AFTER THE REGROUPING, WE WILL CONTACT YOU AFTER THE LIVE AUCTION CONCLUDES.**

Reliance Title of TN will conduct the closing.
Current taxes will be prorated at the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Closing to occur on or before February 8th, 2022.

Buyer is to obtain their own financing.
The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. 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 and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding.  Property is being sold AS IS, sale is exempt from Tennessee property condition disclosure. Lead-based inspection period begins December 1st, 2021.

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.