Home, Barns & 31.5 +/- acres – 130 Spring Lane – Philadelphia, TN 37846

ONLINE ONLY REAL ESTATE AUCTION

31.50+/- acres – home & barns offered in 2 tracts

• 31.50+/- acres – home & barns offered in 2 tracts
• Selling on behalf of the Clyde Edington Estate
• Gorgeous Roane County land
• Wooded and cleared land
• Large amount of Dry Fork Creek frontage
• Private, country setting located only 20 minutes to Sweetwater & I-75 and 30 minutes from Kingston & I-40
• Situated between Knoxville and Chattanooga, an easy drive from all that East Tennessee has to offer, including the Great Smoky Mountains National Park, multiple lakes & rivers, waterfalls, historical sites, museums, and cultural centers
• Plentiful wildlife graze the property including deer and turkey
• Incredible potential with this gorgeous property
• A $1,950.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING ($3,900.00 IF BOTH TRACTS ARE PURCHASED)
  

TRACT 1 | 19.26+/- acres

• 19.26+/- acres of mostly cleared land
• Dry For Creek frontage meandering through the property
• Peaceful, park-like setting with many mature trees providing shady areas around the creek
• Nice flat land to use for hay and pastureland with a wooded rise with beautiful home sites
• Creek bottoms for pasture
• Great spot to potentially build a large pond
• Frontage on both Spring Lane and Dry Fork Valley Road
• 1,771.73′ +/- of total road frontage
• Absolutely gorgeous land with great potential
• Portion of current Roane County Parcel/Tax ID: 126  004.00
• A $1,950.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING

TRACT 2 | 12.24+/- acres

• Home, barn & shed on 12.24+/- acres
• Features some cleared fields for pasture with an additional area that could be easily cleared and some wooded areas with many large, mature trees
• Fixer upper home
• Approx. 1248 SF basement ranch home (26′ x 48′) – full basement
• 3 bedrooms with 2 bathrooms on the main level with full bathroom, 2 large rooms and garage in basement
• Built in 1981
• (2) barns/equipment sheds
• Area that could be used to build a pond
• Located on private, dead-end road
• Renovate the current home or build your dream property on this gorgeous land and have a private estate or mini farm
• 50.05′ +/- of road frontage
• Portion of current Roane County Parcel/Tax ID: 126  004.00
• A $1,950.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING

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. 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. Sale is subject to Seller confirmation. Closing to occur on or before September 16th, 2024.

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!