Name | COURT ORDERED BANKRUPTCY REAL ESTATE OVER 90 ACRES |
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Auctioneer | Powell Auction & Realty, LLC |
Type | Live Webcast Auction |
Date(s) | 6/28/2022 - 7/14/2022 |
THURSDAY JULY 14TH @ 5:00 PM | |
Preview Date/Time | ANYTIME |
Checkout Date/Time | If you are the winning bidder you will receive an email with a contract and further instructions. |
Location | HELD AT :586 MAIN STREET
FOR 14 PROPERTIES
DECATUR, TN 37322 |
Buyer Premium | 10% FEE - BUYERS PAY ONTOP OF BID PRICE |
Description |
Court Ordered Bankruptcy Real Estate Auction
SOLD BY THE ORDER OF THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF TENNESSEE, SOUTHERN DIVISION - CASE NO. 1:19-bk-15184-SDR
BID LIVE OR ONLINE:
Thursday, July 14th at 5:00PM
ALL PROPERTIES TO BE SOLD FROM THE MEIGS COUNTY FAIRGROUNDS (Located adjacent to Meigs County Middle School - 586 N Main Street, Decatur, TN 37322)
ALL TRACTS SELLING ABSOLUTE TO THE HIGHEST BIDDER
Over 90 total acres sold in tracts and groupings
All properties are located in the Decatur area of Meigs County
Great development opportunities with these properties
Some are adjoining TVA property and just minutes from the Tennessee River
PROPERTY 1 | 452 HIGHWAY 30 W - DECATUR, TN 37322
+/- 9.2 acres
Adjoins TVA property
Public water and electricity available
Former mobile home site
Parcel/Tax ID: 036 007.02
PROPERTY 2 | HIGHWAY 30 W - DECATUR, TN 37322
+/- 31 acres
Comprised of Parcel/Tax IDs:
041 001.01, 041 003.00, and 041 011.01
Adjoins TVA property
Owner has been told that the property is eligible to apply for a dock permit, but no guarantees that a permit will
be granted
PROPERTY 3 | RIVER ROAD - DECATUR, TN 37322
+/- 13.58 acres
Gorgeous views from property
Property includes Lot 8 of Morrison Road (Parcel 032 010.00)
Comprised of Parcel/Tax IDs:
032 002.04, 032 004.01, and Lot 8 of 032 010.00
Access from River Road and Morrison Road
PROPERTY 4 | RIVER ROAD - DECATUR, TN 37322
+/- 36.5 acres | Offered in 2 groups and as a whole
GROUP 1: Tracts 1-3 | +/-15.5 acres
GROUP 2: Tracts 4-7 | +/-21 acres
AS A WHOLE: RIVER ROAD - DECATUR, TN 37322
Portion of Current Parcel/Tax ID: 032 002.03
PROPERTY 5 | MORRISON ROAD - DECATUR, TN 37322
Offered as individual lots and as a whole
These lots have been approved by the Meigs County planning commission
Ideal lots for single family homes, mobile homes or tiny houses
Portion of Current Parcel/Tax ID: 032 010.00
Lot 1: +/- 0.67 acre
Lot 2: +/- 0.67 acre
Lot 3: +/- 0.63 acre
Lot 4: +/- 0.60 acre
Lot 5: +/- 0.60 acre
Lot 6: +/- 0.61 acre
Lot 7: +/- 0.60 acre
AS A WHOLE - Lots 1-7: +/- 4.34 acres
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Bid Amount | Bid Increment |
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0.00 - 9,999,999.99 | 500.00 USD |
Currency | USD |
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Buyer Premium | 10% FEE - BUYERS PAY ONTOP OF BID PRICE |
Payment Terms |
If you are the winning bidder you will receive an email with a contract and further instructions.
|
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