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Listed by Chandler Vaught • Parks Auction & Realty
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Est. payment /mo
Active
3056 Old Salem Rd Murfreesboro, TN 37128
196.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Ag
MLS Listing ID 3216776
Annual Tax Amount $2,286
Lot Size 196.500 Acres
Property Description
Porperty to sell at public auction on Thursday, June 11th at 12noon. Public auction to be held at Stones River Country Club 1830 NW Broad St, Murfreesboro, TN 37129.
196± Acres Offered as a Whole
Attention Land Investors, Developers, Home Builders, and Institutional Investors
Invest in land, this great American asset sits at the intersection of real estate, agriculture, and speculation.
“Under All is the Land”
This Century Farm is sitting in the middle of one of the “Hottest Corridors” in one of the “Hottest Cities”, just off I-24 near Veterans Parkway in one of the “Hottest States” with NO STATE INCOME TAX. Be with us Thursday, June 11th at 12:00 Noon.
The farm will first be presented as a whole of 196± acres with a Reserve Price of $155,000 per acre.
If no bids are received in a reasonable amount of time, the farm will then be offered in the 4 designated tracts. Each tract will be offered individually with NO BUYER'S CHOICE, by the acre, and will follow this format until all tracts have been auctioned. No reserve will be set on individual tracts, HOWEVER, the sum of the high bids on all four tracts must average atleast $165,000 per acre, or none of the bids will be accepted.
NO REGROUPING
Originally part of a Revolutionary War grant, this Century Farm has been in the same family for over 200 years. It consists mainly of Harpeth, Cumberland, Lomond, Arrington & Bradyville soils and has been in a high state of cultivation for years.
Currently zoned Residential/Agriculture under Rutherford County regulations, this property is located adjacent to the Murfreesboro city limits and currently has access to city sewer. There is road frontage on both Highway 99 (four lane highway) and Old Salem Pike. Property lends itself to a variety of potential uses. Please conduct your feasibility studies prior to auction.
TERMS: 10% down day of sale, balance due in 30 days. 10% Buyer's Premium added to bid to determine final sale price.
TAXES: Prorated POSSESSION: With Deed
196± Acres Offered as a Whole
Attention Land Investors, Developers, Home Builders, and Institutional Investors
Invest in land, this great American asset sits at the intersection of real estate, agriculture, and speculation.
“Under All is the Land”
This Century Farm is sitting in the middle of one of the “Hottest Corridors” in one of the “Hottest Cities”, just off I-24 near Veterans Parkway in one of the “Hottest States” with NO STATE INCOME TAX. Be with us Thursday, June 11th at 12:00 Noon.
The farm will first be presented as a whole of 196± acres with a Reserve Price of $155,000 per acre.
If no bids are received in a reasonable amount of time, the farm will then be offered in the 4 designated tracts. Each tract will be offered individually with NO BUYER'S CHOICE, by the acre, and will follow this format until all tracts have been auctioned. No reserve will be set on individual tracts, HOWEVER, the sum of the high bids on all four tracts must average atleast $165,000 per acre, or none of the bids will be accepted.
NO REGROUPING
Originally part of a Revolutionary War grant, this Century Farm has been in the same family for over 200 years. It consists mainly of Harpeth, Cumberland, Lomond, Arrington & Bradyville soils and has been in a high state of cultivation for years.
Currently zoned Residential/Agriculture under Rutherford County regulations, this property is located adjacent to the Murfreesboro city limits and currently has access to city sewer. There is road frontage on both Highway 99 (four lane highway) and Old Salem Pike. Property lends itself to a variety of potential uses. Please conduct your feasibility studies prior to auction.
TERMS: 10% down day of sale, balance due in 30 days. 10% Buyer's Premium added to bid to determine final sale price.
TAXES: Prorated POSSESSION: With Deed
Location
State TN
County Rutherford County
Zoning AG
Interior
Fireplace N
Exterior
View Y/N false
Building
Lot Description Cleared, Level, Wooded
Schools
Elementary Schools Rockvale Elementary
Middle Schools Rockvale Middle School
High Schools Rockvale High School
