New Hwy 50 Land Auction - 83 acres offered in Tracts
This 83 acre property is located on new Hwy 50 in Centerville.
(very near the famous Grinders Switch Winery)
The new Hwy 50 cut through the original property leaving
a small, 1.67 acre parcel on the north side of the highway.
This small tract will be offered (Lot #3) and NOT recombined.
The remaining 81.65 acres has 1,815' of frontage on Hwy 50.
We are offering the 81.65 acres in TWO proposed TRACTS:
Lot #1 - 30 acres - This proposed tract has the existing drive.
Lot #2 - 50 acres - This proposed tract will have an ingress/egress
easement to use the drive, providing a more "user-friendly" access
to the majority of the 50 acres.
Lot #3 - 1.67 acres - Located on the north side of Hwy 50 with 971' of frontage.
Lot #4 - The combined Lot#1 & Lot#2.
Based on the new survey, this parcel total 81.65 acres.
We realize 30 acres and 50 acres do not total 81.65; we are
rounding off for the sake of ease. Should these two proposed
tracts sell individually, the final purchase amount will be
prorated against the exact acreage total based on new survey.
You will only pay for the exact acreage based on the survey.
This is this the most honest and fair method of selling land
in this manner. Questions? Do not hesitate asking.
As you should note on the depiction of the new proposed
tracts, the new division line will be the centerline of the
existing drive to the top of the hill. Then the new division
line will travel in a southeasterly direction to a center point
in the TVA transmission line right of way. (See PDF of plat)
Lot #2 - 50 acres - This wooded tract of land will receive an
easement to utilize the existing road, located near the
western portion of the property, for purposes of access only.
This Lot #2 does have road frontage on Hwy 50 and should
be able to construct a new driveway. But until that time,
the owner shall have an easement to use the existing road
on Lot #1 for ingress and egress only.
This property has recently been "Select Cut".
There are still hardwood trees in abundance!
The property features a rolling topography.
People are looking for land - Privacy & Security.
This 83 acre property will provide many years
of enjoyment to the new owners.
The photos shown are drone photos taken on
Sept. 26th and include all of the 80+ acre property.
David Hudgins, auctioneer - TNLic# 4787
10% Buyer's Premium added to bid
PROCEDURE: The property will be offered in two separate tracts and as a whole (83.32 acres total). Tract #1 - 30 acres; Tract #2 - 50 acres, Tract #3 - 1.67 acres
You are bidding on a proposed NEW tract of 30 acres and 50 acres. The final purchase amount will be adjusted on a "Per Acre" basis according to the final acreage as determined by the new survey.
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 30 days.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding.
BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer.
CLOSING: Closing shall take place 30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession will be given at closing - Date of Deed.
TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE.
REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. There are no liens on this property and all taxes are paid current.
EASEMENTS: Sale of said property is subject to any and all easements of record.
SURVEY: New survey (July, 2021); The property was surveyed by Kenneth Carroll July 30, 2021 (in its entirety). If property ultimately sells in TWO new tracts, buyers and seller will split evenly the cost of the new division line and boundary description for the new tract.
AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller.
ZONING: Currently, the property is FOREST. The property is located on Hwy 50, with approximately 1,800' of highway frontage. This is approximately one hour west of Nashville, TN and 10 minutes to Centerville.
UTILITIES: Electricity is on the new Hwy 50 Right-of-Way, BUT NOT AT THIS LOCATION. Public water lines are not along Hwy 50 at this location.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report.
Server & Software Technical Issues: In the event technical issues are experienced that are related to the server, software or any other online auction related technologies, Hudgins Auctions, David Hudgins (Auctioneer) and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. By registering and bidding in this auction each bidder automatically and expressly acknowledges that Hudgins Auctions, David Hudgins (Auctioneer) and the company providing the software shall NOT be responsible or liable for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Hudgins Auctions, David Hudgins (Auctioneer).
