Single Family Home & Duplex | 110 Higdon Lane – Monterey, TN 38574

ONLINE ONLY REAL ESTATE AUCTION

Single Family Home & Duplex sold together in Monterey, TN

Unique Investment Opportunity – Single Family Home & Duplex in Monterey!

• Prime location
• 1.31 +/- acre property
• Just 1/2 mile from I-40 Exit 300 in Putnam County
• Two separate structures offering multiple opportunities

ALL-BRICK HOME – APPROX. 2716 SF (1540 SF – Main Level & 1176 SF – Upstairs)

All-brick construction

Ready for completion (buyers to verify requirements for certificate of occupancy).

Main Level:

• Welcoming entry foyer with coat closet
• Stunning vaulted ceiling in open concept living room and kitchen
• Convenient half bath
• Dedicated pantry and laundry room

Upper Level:

• Luxurious master suite featuring:
  • En suite bathroom with walk-in shower and jetted tub
  • Dual walk-in closets
  • Linen storage
  • Sliding French doors to future deck
• Two spacious guest bedrooms with generous closets
• Guest bathroom with dual vanities, linen closet, and tub/shower combo

Basement:

• Oversized two-car garage
• Extended bay lengths (36′ and 40′)
• 8′ tall garage doors

DUPLEX – Approx. 1920 total SF

Both units have identical layouts with approx. 480 SF on the main level and 480 SF upstairs

Main Level:

• Half bathroom
• Open living room
• Kitchen with laundry area

Upper Level:

• Two bedrooms
• Full bathroom

This property presents an exceptional opportunity to own both a custom single-family home and a duplex. Perfect for investors or owner-occupants looking to offset their mortgage with rental income. Don’t miss this chance to own two properties in one convenient location!

Putnam County Parcel/Tax ID: 071H A 006.00

Yearly Property Taxes: $2,207.25 ($757.55- City of Monterey and $1,449.70 – Putnam County)

Lot Size: 1.31 +/- acres

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. 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.

Capstone Title & Escrow 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. Closing to occur on or before April 14th, 2025.

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 and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **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!