290+/- acres – Buffalo Springs Road – Rutledge, TN 37861
ONLINE ONLY REAL ESTATE AUCTION
290 +/- acres offered in 13 tracts and as whole
BIDDING BEGINS TO CLOSE:
Thursday, November 21st
at 12:00PM – Noon (ET)
- 290.03+/- acres offered in tracts and as a whole
- Tracts ranging from 8.83+/- to 33.19+/- acres with over 7000′ of total road frontage
- Beautiful pastureland with barns and ponds
- Ideal property to continue as a large farm or purchase in smaller tracts for a private estate, homestead or gentleman’s farm
- Originally part of the T. Ralph Combs dairy farm
- Gorgeous views from the property!
- You must see this property in person to appreciate its beauty!
- Driveway on lot 6 allows you to drive across the top of the land to take in the absolutely stunning views
- Property being sold is comprised of current Grainger County Parcel/Tax ID: 081Â 011.00 and portion of current Parcel/Tax ID: 075Â 074.00
- Property to be lightly restricted to a minimum of 1300 SF – modular, double-wide or stick built home. To be new at installment and installed per requirements of the State of Tennessee and/or any zoning regulations enforced by Grainger County.
- PLEASE NOTE: A SURVEY ORIGINATION FEE $1,900.00 PER TRACT WILL BE ADDED TO THE SALES CONTRACT PRICE AND TO BE PAID AT CLOSING BY THE BUYER. IF THE PROPERTY IS PURCHASED AS A WHOLE, THE SURVEY ORIGINATION FEE WILL BE $24,700.00.
- In order for the property to sell as a whole, the price must be 5% greater than the total of the individual lots.
TRACT 1 | 14.40+/- acres with 1,212.55’+/- of road frontage – barns, silos & ponds
TRACT 2 | 15.94+/- acres with 806.90’+/- of road frontage
TRACT 3 | 8.83+/- acres with 548.45’+/- of road frontage – barn
TRACT 4 | 10.28+/- acres with 509.30’+/- of road frontage
TRACT 5 | 29.32+/- acres with 860.95’+/- of road frontage
TRACT 6 | 26.95+/- acres with 564.25’+/- of road frontage – pond
TRACT 7 | 27.87+/- acres with 83.30’+/- of road frontage
TRACT 8 | 23.50+/- acres with 1,708.45’+/- of road frontage (23.01+/- acres with 1,177.20’+/- of road frontage on the south side of the road and 0.49+/- acres with 531.25’+/- of road frontage on the north side of the road)
TRACT 9 | 27.53+/- acres with 75.10’+/- of road frontage
TRACT 10 | 32.57+/- acres with 77.35’+/- of road frontage
TRACT 11 | 33.19+/- acres with 63.75’+/- of road frontage
TRACT 12 | 13.78+/- acres with 559.50’+/- of road frontage – barn
TRACT 13 | 25.87+/- acres with 234.05’+/- of road frontage
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%) buyerâs 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.
M&M Title Company 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 December 23rd, 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 âAS IS, WHERE IS and WITH ALL FAULTSâ, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidderâs 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 âAS IS, WHERE IS and WITH ALL FAULTSâ, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidderâs 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!
