0 Buffalo Springs Rd Rutledge, TN 37861
This exceptional property, totaling approximately 290 acres, is offered for sale via online auction. The land is comprised of 13 individual tracts ranging in size from approximately 8.83 to 33.19 acres, and is also available for purchase as a single, whole parcel. The property boasts over 7,000 feet of road frontage along Buffalo Springs Rd in Rutledge, Tennessee (zip code 37861). Features include picturesque pastureland, existing barns, and serene ponds. This versatile property presents an ideal opportunity for continued large-scale farming operations or subdivision into smaller tracts for private estates, homesteads, or gentleman's farms. The land has a rich history, originating as part of the T. Ralph Combs dairy farm. Stunning views are a key highlight, particularly from a driveway on lot 6 which traverses the property's high point. The property is zoned for agriculture and is comprised of Grainger County Parcel/Tax ID: 081 011.00 and a portion of Parcel/Tax ID: 075 074.00. Building restrictions apply, requiring a minimum of 1300 square feet for any new home construction (modular, double-wide, or stick-built), installed according to Tennessee state and Grainger County regulations. A survey origination fee applies: $1,900 per tract if purchased individually, or $24,700 if purchased as a whole. For the property to sell as a whole, the total bid must exceed the sum of individual tract bids by 5%.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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