Online Only 360 acres adjoining the Big South Fork National River & Recreational Area
in 6 Tracts from 16 acres to 91 acres each
Auction starts Tuesday, Sept. 7th
Auction begins to end, Tuesday, Sept. 21 at 6 P.M.
Auction is a 1 extend all extend auction
360 acres in 6 tracts, all tracts border the Big South Fork National River & Recreational Area. Tracts range in size from 16 acres to 91 acres each. Property has trails, creeks, waterfalls, bluffs, large rock formations, and is located at the Tennessee and Kentucky state lines. Property is unrestricted could be used for camp sites, cabin sites, or home sites. Also, great for off the grid living. Property is mostly wooded with some marketable timber, and has some grass land. An excellent property for horse back riders, campers, hunters and other outdoor enthusiast. Tracts 1, 2 and 3 are located 2 miles from the intersection of Grave Hill Road and Rob Watson turn left property is 2 miles down the road on both sides, put in 1235 Rob Watson Rd, Oneida, Tn and the property is 1 mile from this house. Tracts 4 and 5 are located 6/10 from the Cliff Terry and Foster Cross Roads intersection you will turn right onto Elisha Boyatt Road go 2/10 miles property is on both sides of the road, put in 653 Cliff Terry Road, Oneida, TN you will turn right just pass this house to enter the property. Tract is 6 at the intersection of Grave Hill Road and Foster Cross Roads go right onto Foster Cross Road for 2.4 miles stay left unto Bill Slaven Road for 2/10 mile property is on your left at the State line and entrance into the park, put in 1267 Foster Cross Roads, Oneida, TN and turn left just past this address onto Bill Slaven.
Tract 1: 16.6 Acres on Rob Watson Road which enters into the Big South Fork River & Recreational Area. Lots of national recreational area frontage with this tract. Utilities are near but would need to be extended to the subject property. Tract lays nice, would make an excellent retreat. Property is 1 mile from nearest house and nearest utilities.
Tract 2: 69.73 Acres also off Rob Watson Road and has plenty of national recreational area frontage. An easement to tract 3 has been left thru tract 2 for the purpose of utilities and a road into tract 3. Property joins the Scythe Branch. Property is 1 mile from nearest house and nearest utilities.
Tract 3: 90.93 Acres which has a right of way thru tract 2, but also, an access road thru the BSFNRA. Property has some excellent views, lots of park frontage, and could be used for an excellent retreat or private get away for off the grid seekers. Joins Branch and the Cub Branch. One of the properties right of ways thru tract 2 is located 1 mile from nearest house and nearest utilities.
Tract 4: 68.49 Acres with access on Elisha Boyatt Road. Very private has some nice home sites off the access road that runs all the way to the park and is used for both tracts 4 and 5. Several nice home sites, and also joins the Cub Branch.
Tract 5: 56.38 Acres with access on Elisha Boyatt Road. Very private, has some nice home sites off the access road that runs all the way to the park and is use for both tracts 4 and 5. Several nice home sites, and joins the Huling Branch.
Tract 6: 59.13 Acres with access on Bill Slaven Road, ample park frontage at the State Line. Several nice sites and is very private. Joins Huling Branch, which is the dividing line between Tract 5 and 6.
Property and bidding questions, call 423-286-0041.
Tax Map 005 Parcel 002.00
Property is under the green belt and new buyers must apply for Green Belt status.
Deed Book 251 Page 572
Attorney, John Beaty, in Huntsville will conduct the closings.
J.J. Dower, Auctioneer, Lic#2298
All information was derived from sources believed to be correct, but not guaranteed.
A 10% Buyers Premium added to bid price.
ONLINE AUCTION TERMS:
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PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
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TERMS: 10% of the final bid price as non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hour of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees and any currency exchange fees to US dollars. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
DEED: Good Insurable Deed at Closing.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning bidder will be charged a penalty fee of $3,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ayers Auction & Real Estate and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ayers Auction & Real Estate reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Scott County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ayers Auction & Real Estate will e-mail documents to be executed and fax or e-mail back to Ayers Auction & Real Estate within 72 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 72 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ayers Auction & Real Estate, Agents, Representatives or Employees may bid.
Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All taxes will be prorated to day of closing using the most current available year’s tax amount. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
Easements: Subject to any and all easements of record.
Zoning: This property is subject to all state and local zoning ordinances.
Disclaimer: All properties are being sold 'as is, where is'. We encourage bidders to do property inspections and rely upon their own conclusions. All information is deemed reliable, but is not guaranteed. All information is believed to be correct to the best of the auctioneer's knowledge.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ayers Auction & Real Estate will reject the registration, and bidding activity will be terminated. The Seller and Ayers Auction & Real Estate reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
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NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ayers Auction & Real Estate Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ayers Auction & Real Estate, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ayers Auction & Real Estate are final.
Any dispute between Ayers Auction & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Scott County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.