Residential Land for Auction in Spencer, Tennessee

This Online-Only Auction will close on 11/2/2024 at 10 AM CST. Go to our website to register and bid. The buyer will receive a clear title and title insurance. Remarkably Spacious Vacant Lot in Spencer! Conveniently situated next to Fall Creek Falls State Park, this 1.1 Ac+- residential lot offers an exceptional opportunity for those seeking an active lifestyle with plenty of nearby amenities. The area has exciting activities and opportunities, perfect for a full-time residence or a short-term rental/Airbnb. Fall Creek Falls Park delights over 29,000 acres, with waterfalls, hiking trails, camping sites, a golf course, an indoor/outdoor restaurant, and a recreation hall. No matter your style preference, the backdrop of towering trees and serene nature sounds create a picturesque environment for lasting enjoyment. Envision the architectural possibilities of a classic cabin, a character-packed craftsman, or a rustic contemporary home. In addition to the idyllic location, the oversized lot may easily accommodate an entertainer's backyard with a swimming pool, covered patio, fire pit, playground, and a jacuzzi. A 10% Buyer's Premium will be added to the final bid to establish the sales price. The buyer will submit a 10% earnest money deposit. Closing will occur within 30 days at Paramount Title in Cookeville, TN. Buyers can close in person or by mail. The estimated closing fee for Paramount Title is $600-$700-buyer to confirm. The property is selling as-is with no contingencies. The HOA Annual Fee is $425.00. This covers road maintenance, gate maintenance, mowing green spaces, and lake management.