ABSOLUTE REAL ESTATE AUCTION & FARM EQUIPMENT ESTATE AUCTION

AUCTION LOCATION1490 Springvale Rd., Morristown TN 37813

AUCTION DATESeptember 30, 2017

AUCTION TIME 10:00 am

TIME ZONEEST

INSPECTION DATEProperty can be viewed at any time

INSPECTION TIMEsee above

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

Absolute Estate Auction Selling on behalf of the Porter Bell Estate.

Approx. 314 Acres, Sub-Divided into 32 Tracts ranging from 0.88 acres to 41.12 acres


1490 Springvale Road, Morristown (Hamblen County), TN 37813


Auction Date/Time: Saturday, September 30th – 10am

Equipment will be sold immediately following sell of Real Estate


Inspection Date/Time: Property can be viewed at any time

Farm Equipment Auction Inspection Date/Time: September 29th, 9am-4pm


BID LIVE OR ON-LINE


 
AUCTION DETAILS:
  • Former Dairy Farm
  • Vast Majority of Property is in Pasture
  • Improved with Single Family Home
  • Utility Water Available
  • Improved with Several Barns and Utility Buildings
  • Blue Line Stream Traverses Property
  • Over 4,500 Feet Frontage on Springvale Rd.
  • To be Sub-Divided into Tracts
  • To be Offered Separately and as a Whole
  • Convenient to I-81
  • Perfect for Horses or Livestock
  • Excellent Development Potential
  • EQUIPMENT TO BE AUCTIONED IMMEDIATELY AFTER REAL ESTATE

“Sale To Be Conducted On Site”


Absolute Farm Equipment Auction: Featuring John Deere 4430 & 4020 Tractors, Ford TW-35 Tractor, (2) Ford F800 Dump Trucks, (3) New Holland Skid Steer Loaders, Gehl 663 Shooting Boom Forklift, 24’ Aluminum 4-Star Cattle Trailer, Farm Implements and Wagons, 12-Station Milking System & 2,000 Gallon Stainless Tank. Read more here.


TN License #62

ONLINE BIDDING


top-bid-now-button

PAYMENT TERMS


REAL ESTATE TERMS: 6% Buyer’s Premium on site, 13% Buyer's Premium on-line. Successful bidders will deposit 10% of the purchase price (including buyer’s premium) and is due sale day in the form of cash, cashier’s check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.
2% Broker Participation Available 
EQUIPMENT TERMS: 10% Buyer’s Premium Onsite – 13% Buyer’s Premium for Online Bidders. Payments should be made day of sale by Cash, Wire Transfer, Cashier’s Check, Company or Personal Check Accompanied by a Bank Letter of Guaranty. Mastercard & Visa Accepted for an additional 3% Surcharge.
FOR FINANCING PLEASE CONTACT
Roy Settle, Vice President – Agricultural Lending Division
First Bank and Trust
1185 N. State of Franklin Rd, 2nd Floor
Johnson City, TN  37602
Phone 423-282-3850
Fax 423-282-9066
Cell 423-433-7116
Email rsettle@firstbank.com

ZONING


A-1: Agricultural/Forestry District (Hamblen County)

According to the Hamblen County Schools, the subject property(s) are zoned for the following:
  • Elementary: Union Heights
  • Middle: East Ridge
  • High: Morristown/Hamblen East

UTILITIES


  • Electric: Holston Electric Coop
  • Water: Witt Utility District
  • Sewer: Not Available - Septic System Would Need to be Installed
  • Gas: Not Available

TAXES


The property is currently comprised of two large tax parcels, and the annual taxes for each of the existing two parcels are as follows:
  • Parcel 1: Map 50, Parcel 135, $2,590.48
  • Parcel 2: Map 50, Parcel 137, $467.65
Property is currently in the Greenbelt. In the event any portion of the property is removed from the Greenbelt, the SELLER will be responsible for applicable rollback taxes.
Any back/delinquent taxes will be paid by seller.
Buyer is responsible for pro-rata share of current year taxes at closing.

DIRECTIONS
From I-81 at exit 8, take US-25 E towards Morristown and travel approx. 2.3 miles. Turn right onto Vineyard Rd. and travel approx. 0.3 miles. Take a slight right onto Spencer Hale Rd. (Spencer Hale Rd. turns into Springvale Rd.) and travel approx. 1.2 miles to property on left and right. Look for Auction Signs.

Auctions Information

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