SOLD | $869,883 | 294 Highway 307 E | Athens, TN 37303

Date: 12/11/2021

Time: 10:30AM (ET)

Location: Bid Live or Online

Office: Knoxville

Agent: Kenny Phillips - #2385

Absolute Real Estate Auction
294 Highway 307 E | Athens, TN 37303

Saturday, December 11th at 10:30AM

Wednesday, December 8th from 1-4PM

+/- 79 acre farm located in one of McMinn County's most scenic locations 

Near Mayfield Farm Park off of Highway 307

Gently rolling acreage is fenced with approximately 40 acres in hayfields

Offered in 6 tracts:

- Lot 1: 14.63 acres
- Lot 2: 14.46 acres
         - Lot 3: 6.00 acres (home
- Lot 4: 5.98 acres
- Lot 5: 19.18 acres
- Lot 6: 19.23 acres

Year round creek flowing through the property

Previously used as a cattle farm and is currently in the greenbelt status

48’ x 32’ equipment building/shop
(2) 11’ rollup doors | separate electric meter and tractor shed

Nature lovers will love the wildlife that abounds
Including deer, turkey, hawks and golden eagles

Conveniently located to downtown Athens and minutes to I-75

3 Bedrooms | 3 Bathrooms | Approx. 2150 SF
(1593 SF – Main Level | 1163 SF – Upstairs | 557 SF – Basement)

This 1 ½-story home has been lovingly updated within the past 5 years

Updates include:
roof, Pella windows, gutters, HVAC, water heater, master bathroom and more

Country kitchen features:
stained oak cabinets, granite countertops, 5-burner cooktop and tons of cabinet space

Master bedroom is located on the main level and features:
a large walk-in closest and updated bathroom with jetted tub, soft close cabinets and quartz countertops

Upstairs features 2 bedrooms, full bathroom and an unfinished storage area 

Other features include:
hardwood floors, wood-burning fireplace in living room, woodstove in basement, office with knotty pine walls & bookshelves, Pella windows and city utilities including water, gas and electric

Well on property is not currently connected

1500.00 per tract for survey will be paid by the buyers 

Paula Scarbrough | CENTURY 21 Robinson Realty | 423-745-4446
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 1st, 2021.

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 January 11th, 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.