REAL ESTATE AUCTION – Single Family Home on 21 Acres

September 10, 2022

10:00 EST

Friday, September 2, 2022 10:00 am – 4:00 pm

 

Rob Strickland 865.310.3208 or Chuck Fisher 865.310.3204

Auction Information

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829 (Morgan County)

COURT ORDERED REAL ESTATE AUCTION

Single Family Home on 21 Acres

SUBJECT TO COURT CONFIRMATION


AUCTION: SATURDAY, SEPTEMBER 10th at 10:00AM

INSPECTION: FRIDAY, SEPTEMBER 2nd from 10:00AM – 4:00PM


  • 960 s.f. (per tax card)
  • Approximately 21.86 acre lot (comprised of 2 tax parcels)
  • 2 Bedrooms
  • 2 Baths
  • Detached Garage/Workshop
  • Additional Improvements include Shed & Detached Apartment
  • Private, Rural Location
  • Convenient to I-40 & Harriman
  • Personal Property to be sold Following Real Estate - Highlights Include: John Deere 990 Tractor 4WD with Loader, Chevrolet K5 Blazer, Yamaha Rhino, John Deere ZTrak Zero Turn Mower, John Deere X500 Lawn Tractor, Chevrolet Flat Bed Truck, Utility Trailers, and Shop Tools including Torches, Air Compressor, Hand Tools, etc.
    • Check the Personal Property Photos tab for items!

Samuel J. Furrow | TN PBL #26

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


  • Personal Property to be sold Following Real Estate - Highlights Include: John Deere 990 Tractor 4WD with Loader, Chevrolet K5 Blazer, Yamaha Rhino, John Deere ZTrak Zero Turn Mower, John Deere X500 Lawn Tractor, Chevrolet Flat Bed Truck, Utility Trailers, and Shop Tools including Torches, Air Compressor, Hand Tools, etc.

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


REAL ESTATE TERMS

  • 8% Buyer’s Premium - 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. CLOSING MUST OCCUR WITHIN 30 DAYS OF  COURT CONFIRMATION. NO EXTENSIONS AVAILABLE.

PERSONAL PROPERTY TERMS AND REMOVAL

  • 10% Buyer’s Premium - Payment must be made by Cash, Wire Transfer, Company or Personal Check Accompanied by a Bank Letter of Guaranty. Master Card & Visa Accepted up to $1,500.00 for an additional 3%.

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


PRODUCT DOCUMENTATION


PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


UTILITIES AVAILABLE


  • Electric: Harriman Utilities Board
  • Water: Harriman Utilities Board
  • Sewer: N/A - Property is on Septic System
  • Gas: N/A

Indicated utilities are available but may not be currently connected.

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


SCHOOL INFORMATION


  • Elementary: Oakdale School
  • Middle: Oakdale School
  • High: Oakdale School

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


ESTIMATED REAL ESTATE TAXES


  • Morgan County: $1,205.87 (total for 2 Tax Parcels)

Buyer is responsible for pro-rata share of current year property taxes

Back taxes (if applicable) will be paid by seller

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


ZONING


  • Property is not subject to any applicable zoning ordinances.

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


REMOVAL


  • Buyer is responsible for removal, shipping and transportation of all purchased items.
  • Removal day of sale: Saturday, September 10th, after the Auction until 4pm - and Monday, September 11th from 9am – 4pm.

PROPERTY ADDRESS: 324 Powers Loop Rd., Oakdale, TN 37829


DIRECTIONS


  • From I-40 at exit 340 (Airport Rd.), travel north on Airport Rd. approx. 9.7 miles. Turn left on to Powers Loop Rd and ravel approx 0.4 miles. Turn left onto Raymond Powers Lane and travel approx. 0.1 miles to end of road to property on right. LOOK FOR SIGNS.

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