COURT ORDERED BANKRUPTCY REAL ESTATE OVER 90 ACRES

Live Webcast Auction

Powell Auction & Realty, LLC

HELD AT :586 MAIN STREET FOR 14 PROPERTIES

DECATUR, TN 37322

Date(s) 6/27/2022 - 7/14/2022

THURSDAY JULY 14TH @ 5:00 PM

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Auction Information

Name	COURT ORDERED BANKRUPTCY REAL ESTATE OVER 90 ACRES
Auctioneer	Powell Auction & Realty, LLC
Type	Live Webcast Auction
Date(s)	6/27/2022 - 7/14/2022
Auction Date/Time Info	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
0.00 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
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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