80 acre Farm on Beaverdam Creek
"This is one of the most scenic streams in Hickman County!"
I will also add - One of the MOST coveted and desired areas – Beaverdam.
What an unusual find with over 2,000 feet of frontage on Beaverdam Creek.
This 80-acre "old farm property" is naturally divided by Backside Beaverdam Road,
providing an opportunity to offer the creekside of the property (65 acres) separate
from the remaining pond and well side of the property (15 acres).
We are offering this farm in three bidding lots [Multi-Par / Combo Format]
"OPEN GATE" - First Farm Viewing Sunday, February 19th 12:00 - 3:00
A wide path has been mowed from the gate to the creek for an easy drive. ATV's welcome!
Lot #1 - 15 acres - bordered north side by E. Beaverdam Road, south side by
Backside Beaverdam Road. There is a nice pond on this tract and a well.
This 15 acre tract has 1,382' of frontage on E. Beaverdam Road and an estimated
1,492' of frontage on Backside Beaverdam Road.
This proposed tract would be ideal for subdividing into smaller tracts.
Note: There is a well located on this proposed tract that furnishes
water to the house across the Backside Beaverdam Road.
Water Rights to this well is protected in the existing deed and will convey.
There is a gate on this side of the road. If you open the gate, please close
the gate as you leave. There is no livestock on this side of the road.
Opening Bid: $45,000.00
Lot #2 - 65 acres - bordered on the north by Backside Beaverdam Road and
Beaverdam Creek along the southern border.
This 65 acre tract has 1,012' of frontage on Backside Beaverdam Road and
1,549' of frontage on Joe Branch Road. There is approximately 2,027' of
frontage on the scenic and beautiful Beaverdam Creek.
Each tract is completely fenced. The 65 acre portion of this property has
been leased in recent years, sheep, cows, horse, etc. and by neighboring
farmers. There is a gate on this side of the road. There is also a mule.
Please do not enter this gate without contacting David Hudgins.
Opening Bid: $125,000.00
Lot #3 - The entire 80 acre property, per existing deed.
Most of this property is rolling, fenced pasture land.
The online bidding will end on Thursday, March 2nd at 6:00pm
Bidders will have plenty of time to view this incredible creek property
before the bidding period ends. We will make arrangements for
"Open Gate" dates for those wishing to drive onto the farm or walk the fences.
Opening Bid: $170,000
Stay Tuned for more Details...
David Hudgins, Auctioneer - 931-994-7144
A new survey will be required only if the 80-acre farm is sold in two tracts.
If property is sold in two tracts, the final purchase amount shall be based
on the exact survey amount for each tract, per acre calculations.
Bid Now on each tract – as a whole (not per acre) [15 acres & 65 acres].
The total bid amount will be divided by these numbers (15 & 65)
to establish the auction “per acre price”. A survey will determine
the final purchase price (exact acreage x “per acre price” = final purchase).
A 10% Buyer's Premium will be added to the final bid amount
to determine the final purchase price.
Need a finance option? Here is a local bank that has assisted many of our buyers:
John Phillips NMLS# 157875
FirstBank
The John Phillips Group
Residential Finance
2202 Fairview Blvd.
Fairview, TN 37062
Cell Phone (615) 332-5253
FirstBank Institution NMLS ID #47233
PROCEDURE: The property will be offered in "Multi-Par / Combo" format: multiple parcels and combined... as a whole. The whole property is 80 acres. We will offer a Tract #1 with approximately 15 acres; we will offer a Tract #2 with approximately 65 acres. Bidding Lots: Lot #1 - 15 acres. Lot #2 - 65 acres. Lot #3 - 80 acres.
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 45 days, 30 days if sold as a whole.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. Buyer(s) should have funds available and ready to close on the transaction.
ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. The seller reserves the right to accept or reject the high bid. If property is sold in two tracts, the final purchase amount shall be based on the exact survey amount for each tract, per acre calculations. Auction bidding based on each tract total (15 acres & 65 acres); the total amount will be divided by these numbers (15 & 65) to determine the auction per acre price.
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 (45 days if sold in two tracts), 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. Most recent property taxes were $715.40 (2021) The 80 acre farm is currently enrolled in the GreenBelt program. The new owner will agree to re-enroll the farm in GreenBelt, or will be responsible for paying the rollback taxes.
EASEMENTS: Sale of said property is subject to any and all easements of record.
SURVEY: No new survey; sell per existing deed....UNLESS the property is sold in two tracts. If the property is sold in two tracts, a new survey will be required. The cost of the new survey shall be no more than $100 per acre, and the cost shall be equally paid between Buyer(s) and Seller [50/50]. If property is sold in two tracts, the final purchase amount shall be based on the exact survey amount for each tract, per acre calculations. Auction bidding based on each tract total (15 acres & 65 acres); the total amount will be divided by these numbers (15 & 65) to determine the auction per acre price.
AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller.
ZONING: Currently, the property is Agricultural. The property is located approximately two miles off Hwy 50 in the Beaverdam Creek area. This is approximately one hour west of Nashville, TN
UTILITIES: Electricity is available.
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).
