The Matherly Farm

This auction includes 52+/- Acres, A home, Farm Equipment, and a vacant 5.26 acre lot at Lake Meadows. All items will be sold at 120 Matherly Road

The Matherly Farm Absolute Auction is a tremendous opportunity to purchase this very impressive 52+/- acre pristine farm with gorgeous fields, beautiful barns, and rolling hills, all situated in a picturesque setting and located in one of the most beautiful and highly sought-after areas of the Tri-Cities.

These desirable parcels have unlimited potential and touts’ excellent country homesites. Great location for hobby farms, cattle, horses, and numerous beautiful spots to build your dream home. 

The Matherly Farm offers extensive frontage along Pickens Bridge Road (+1,000’), Crouch Road (+700’) and Matherly Road (+700’) offering beautiful rolling pastureland, a home tract, a track with barns, and several new construction homebuilding parcels. 

If you are in the market for raw virgin land you already know how scarce it is. This is the best land to be sold at Absolute Auction in the local area in a long time!

This land is located 4 minutes from Boone Creek Exit 17 I-26, Located 4 min Boone Lake, and less than 15 min to Tri-Cities Regional Airport, ETSU, the Med Center and the VA.

This 52+/- Acre farm will be offered in 25 tracts of land ranging from .48 acres to 15.2-acre tracts. All building tract lots have been approved for a 3-bedroom home with 3 trats over 5 acres.

Sellers have already purchased water taps from the City of Johnson City for all building tract lots on Matherly Road!

****RESTRICTONS****

Each lot will contain restrictions to protect all property owners. Restrictons include:

1. Site Built homes only
2. No single wide or double wide mobile homes.
3. No campers or other temporary means of housing.
4. Only one residential home per lot.
5. Single level home must contain a minimum 1500sq. ft.
6. Multiple Level homes must contain a minimum of 1800sq.ft
7. No exposed block on foundations. Foundations must be covered with brick or stone, stucco, etc. 
8. All driveways must be hard surface with lots 1, 14, 25, (large Tracts) being surface at minimum the first 100' off of the road. 

Matherly Farm Auction Announcements

 120 Matherly Road Road Piney Flats TN– June 11^th 2022  

1.     This property is being sold Absolute to the Highest Bidder!

2.     The buyer will be furnished a deed to the property, free and clear of any liens.

3.     The property taxes will be prorated at closing.

4.     We are selling all Property “AS IS”, “WHERE IS” With no warranties or guarantees.

5.     This auction is not subject to financing, appraisal, or any other condition. Any conditions required by a buyer’s lender will be at buyer’s expense.  Neither Auction Company nor the Seller(s) have made any inspections to any restrictive covenants, nor encroachments and Buyer hereby purchases said property in its current state “AS-IS”.

6.     As per the Survey provided this property is not in a Flood Zone.

7.     The home was built prior to 1978 and may contain lead-based paint. As per federal regulations a lead-based paint disclosure must be signed by the buyer.

8.     The property is being sold subject to the survey 4/14/22 and subject to all conditions listed on that survey.

9.     The property is selling subject to Washington County Planning and Zoning Restrictions for this A1 zoning.

10.  As per the survey most lots indicated where the driveway to that lot shall be installed.

11.  Lots 1 and 2 on crouch road and lots 11, & 12 on Pickens Bridge Road shall be constructed with solid surface driveways with a turnaround to ensure no vehicle backs into the roadway.

12.  Lots on Matherly Road 7,8,9,10, 14, 15, 16, 17, and 18 Have already had their water taps paid in full. The City of Johnson City Water Dept have determined they will have all water lines installed and meter taps in place by 11/30/22.

13.  Subsurface sewage disposal- Lots 2-6 on crouch road have been approved for a 3-bedroom system.

14.  Lots, 1, 14, & 25 are all over 5 acres and was not required to be soil tested.

15.  The house tract, Lot 15, was not inspected. A subsurface sewage system is already in place for the house tract. The system pre-dates any documentation and/or records on file with the State of TN; therefore, a test was not needed. In the event there is an issue as the homeowner you can purchase a permit to fix or modify the current septic system.

16.  Sink Holes- Sinks holes are noted on the survey for two lots. The family has stated to me that some of these are ponds that were dug out years ago and abandoned.

17.  REAL ESTATE TERMS- A 10% Buyer’s Premium will be added to the final bid to determine the contract price. A 10% Earnest Monet Deposit must be paid DAY OF AUCTION, AT THE AUCTION!

18.  PERSONAL PROPERTY TERMS- A 10% Buyer’s Premium will be added to the highest bid of each item. All personal Property must be paid for in full day of auction.

19.  Each lot will be offered at auction. We shall also open up bidding for grouping of multiple lots and as a whole. Any grouping will require a 10% increase in the total sum of the bids of all lots being regrouped.

20.  Loading of any personal property that may require a machine to load will take place after the auction until 2:00PM. We will have a machine back there to load again on Sunday June 12^th from 1:00pm till 3:00pm.

THE SURVEY IS ATTCHED ON THIS LISTING FOR YOUR VIEWING AND FOR YOU TO PRINT. SEVERAL DETAILS ARE LISTED IN EACH SURVEY.

WE HAVE UPLODED 3 COPIES.

1- THE ENTIRE SURVEY. 2- THE SURVEY OF THE LOTS ON PICKENS BRIDGE AND MATHERLY ROADS ONLY AND 3- THE LOTS OFF OF CROUCH ROAD ONLY. 

LOT DESCRIPTIONS

Lots 1 through 6 are located off of Crouch Road.

LOTS 1, 2, 11, and 12 must have a hard surface driveway constructed with with a turnaround so vehicles do not back out into the roadway.

Tract 1 15.233± ac with a pond. This is the largest tract we have seperated. 

Tract 2 1.068± ac

Tract 3 1.098± ac

Tract 4 1.102± ac

Tract 5 1.105± ac

Tract 6 0.968± ac

Tract 7 1.707± ac Located off Matherly Road this lot contains a large beautiful tobacco barn with lots on both side as well cattle feeding areas. There is a lot of possiblites for this barn. There is also a smaller barn/storage area and an equipment shed. The Johnson City Water Tap fee has already been paid for this lot. 

Tract 8 0.675± ac  Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot. 

Tract 9 0.677± ac Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot. 

Tract 10 0.679± ac Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot.  

Tract 11 0.512± ac Located off of Pickens Bridge Road

Tract 12 0.583± ac Located off of Picken Bridge Road

Tract 13 0.566± ac Located at the corner of Pickens Bridge Road and Matherly Road

Tract 14 12.957± ac Large lot just shy of 13 acres with a pond. Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot.  It may be possible to have lake views on this lot. Trees are in bloom but from drone footage the lake is close by. 

Tract 15 0.486± ac House Tract Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot.  

Tract 16 0.551± ac Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot.  

Tract 17 0.551± ac Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot.  

Tract 18 0.551± ac Located off of Matherly Road and the Johnson City Water Tap fee has already been paid for this lot. 

Tract 19 0.583± ac Located at the corner Pickens Bridge Road and Matherly Road 

Lots 20 through 25 are located off of Pickens Bridge Road

Tract 20 0.747± ac

Tract 21 0.703± ac

Tract 22 0.704± ac

Tract 23 0.705± ac

Tract 24 0.862± ac

Tract 25 5.034± ac This is a large 5+ acre tract. 

LOT AT LAKE MEADOWS 

Also included in this auction will be a 5+ acre tract located off of Lake Meadows Drive.

This is an undeveloped lot covered in timber. The lot appears to lay more flat in the back and could make a very nice site for a home in a private setting.