85 acre FARM on Wades Branch

Online Only Auction

Hudgins Auctions

813 Wades Branch Road

Centerville, TN 37033

Date(s) 7/27/2022 - 9/1/2022

Past Auction

Online-Only Auction

Catalog

View Catalog (1 Lots)

Auction Notice:

Selling per Court Order

Auction Information

Name	85 acre FARM on Wades Branch
Auctioneer	Hudgins Auctions
Type	Online-Only Auction
Date(s)	7/27/2022 - 9/1/2022
Location	813 Wades Branch Road Centerville, TN 37033
Buyer Premium	10% of the Bid Amount will be added
Description	85 acre Farm on Wades Branch Farm with Creek & Springs 2,250' of Creek Frontage (Wades Branch) 3 BR House / Barn Workshop / Equipment Barn 813 Wades Branch Road - Centerville, TN (Hickman Co.) This farm is located 2.3 miles off Hwy 100 in Hickman County. The property boasts 1,876' of road frontage! I have driven this farm property many times. Entering the property, you are greeted by the creek, Wades Branch crosses the drive, providing a cool and refreshing "Welcome" to this beautiful country. I noticed a couple large springs to the right side of the drive as I approached the house. There are several springs located on this farm. Both crops and livestock alike will appreciate this abundance of water. Speaking of "Abundance of Water"... the single greatest request of real estate land buyers - Land with Water! This is one of those properties that rarely appear on the market. Actually, this farm has been in the Holley family for almost 45 years. The farm is being at auction by Court Order to Settle the Holley Estate. I have been selling real estate for 37 years - I can say from experience a property like this one rarely finds itself available to the market by means of open and fair bidding. As I drove around the house, barn and equipment barn, I noticed just how level this property truly is. I viewed the topography map and verified that the majority of the land is level with a gentle roll. There is one hillside located at the southern boundary and a smaller hill located in the eastern corner of the property. Both of these higher elevations should provide some of the most beautiful views across the valley along Wades Branch. Of the 85 acres, approximately 47 acres is rated as "rotation / cropland" with another 37 acres in "hardwoods / woodland". This leaves the one acre surrounding the house. The house was built in 1986 and features 1,620 square feet of living, complete with 3 bedrooms and 2 baths. There is also a full basement (unfinished) that provides cool storage and a garage. Finish this space for additional living space or continue to use as it is today. Located just beyond the house is the 2-story workshop / barn and located closer to the main field & pasture is the equipment barn. The farm has looked better; a few years of neglect and the absence of regular mowing has allowed the fields to return to nature. With some "M&M" - Manicure and Maintenance, this old farm property will once again assume its role as one of the more scenic properties in this region. David Hudgins, auctioneer - TN Lic#4727 There is a 10% Buyer's Premium added to the bid amount to determine the full purchase price of the property. Selling per Court Order - No. 22-CV-7356 Hickman County Chancery Court BID ONLINE ONLY - Bidding Ends Sept. 1st - 6:00pm The bidding is online and current bid amount can be viewed anytime by selecting [Bid Online Now] and then [View Catalog] from the bidding platform. OPEN HOUSE & FARM TOUR shall take place on Saturday, Aug. 27th during the Live Auction selling the Personal Property. Real Estate will be sold via online auction on Thursday, September 1st at 6:00pm The high bid is subject to Court Approval.

Terms and Conditions

PROCEDURE: The property will be sold as a whole - 85 acres DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 45 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. Reserve Auction - Seller reserves the right to accept or reject the high bid. BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer. CLOSING: Closing shall take place 45 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed. POSSESSION: Possession will be given at closing - Date of Deed. TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE. REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. EASEMENTS: Sale of said property is subject to any and all easements of record. SURVEY: No new survey - Selling per existing deed (if sold as a whole). AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller. ZONING: Currently, the property is RESIDENTIAL / AGRICULTURAL UTILITIES: Electricity DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 2,000,000.00	5,000.00 USD
2,000,000.01 - 9,999,999.99	10,000.00 USD

Payment Information

Currency	USD
Buyer Premium	10% of the Bid Amount will be added

Shipping / Pick Up

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