Absolute Online Only Real Estate Auction – 458 Acres in Scott County, TN

Date: 09/27/2018

Time: 12:00PM

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips

ONLINE ONLY
REAL ESTATE AUCTION

Selling Absolute,
to the highest bidder!

Bidding Opens: Monday, September 10th at 10:00 AM

BIDDING ENDS:
Thursday, September 27th at 12:00PM

+/- 458 acres located in Huntsville, TN
(Scott County) - Offered in 8 tracts or as a whole

Selling on behalf of the Theora York Estate

Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

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Active Oil Leases in Place

Gorgeous property with many unique features, including: a cave, oil wells, creeks, and several roads for navigating the property!

You can own your very own park for hunting, camping, ATV riding, horse back riding, or to build a secluded wooded estate

Property is availabe for inspection at your leisure

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Tract 1: 44.42 acres

580.01' of road frontage on Huntsville Hill Road
Creek frontage 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

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Tract 2: 31.81 acres

521.86' of road frontage on Huntsville Hill Road
Creek frontage 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

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Tract 3: 27.01 acres
681.78' of road frontage on Huntsville Hill Road

Creek frontage
Access road 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

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Tract 4: 39.12 acres

722.21' of road frontage on Huntsville Hill Road
Creek frontage 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

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Tract 5: 75.69 acres

440.57' of road frontage on Huntsville Hill Road
Creek frontage 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

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Tract 6: 27.94 acres

718.50' of road frontage on Huntsville Hill Road 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

 

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Tract 7: 91.80 acres

704.01' of road frontage on Brooks Gap Road
Large access road
Beautiful cave
Active oil well (currently leased)
Creek frontage
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price

 

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Tract 8: 120.82 acres

Road frontage on W Hill Road (road enters proprty - right of way)
1,136.66' of rail frontage on the R.J. Corman Railroad
Large access road
Active oil well (currently leased)
Creek frontage
Additional mineral rights that the sellers owns will be conveyed with this tract 
Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price. All mineral rights will be transferred by quit claim deed.
Outline Map

Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price. All mineral rights will be transferred by quit claim deed.

farm credit
Financing Available. Call David Reynolds at 865-640-3179
DIRECTIONS: From I-75, take exit #141 (Huntsville/Oneida). Head NW on Howard Baker Highway (TN-63) toward Huntsville. Continue on Howard Baker Highway for approximately 15 miles. For tracts 1-6, from Howard Baker Highway, turn right onto Huntsville Hill road. The property will be on the right - look for the tract signs! For tract 7, from Howard Baker Highway, turn right onto W Hills Road. Go approximately 0.2 miles to the property on the right - look for the tract signs! For tract 8, from Howard Baker Highway, turn right onto W Hills Road. Continue for approximately 0.8 miles to the property - look for the tract signs! WHEN VIEWING THE PROPERTY, PLEASE LOOK FOR THE TRACT SIGNS, SURVEY STAKES AND FLAGGING MARKING THE APPROPRIATE TRACTS! CALL THE OFFICE AT 865-938-3403 IF MORE INFORMATION IS NEEDED.

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 price. US currency cash or approved check.
The balance is to be paid in full at the deed closing within 30 days. Joseph Coker, Attorney, to conduct 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.
Customary Title Company closing cost to be split between buyer & seller, unless otherwise specified.
Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. All mineral rights will be transferred by quit claim deed.
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.  Acreage and property description is derived from survey from Crutchfield & Associates.

ONLINE Auction Terms: 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. By bidding you understand the auction terms and will abide by them,  you are certifying that you have sufficient funds for the deposit

Note: Item #9 will be a combination of Lots 1-8 that will include the entire 458 acres and all mineral rights. If Item #9 selling price is more than accumulative price of Lots 1-8 then bidder of Item #9 will be awarded as high bidder for all. 10% Buyer's Premium is added to all bids to establish total selling price