Saturday • April 27th, 2024 • 10:00 A.M.
521 E. Main St., Loretto, TN
Sale Site on Premises
Directions: From the intersection of Hwy 43 and E. Main St (Lexington Hwy – TN 227) in Loretto, go east on E. Main St. for 1 mile to property on the left.
LINK FOR PICTURES, 3D TOUR OF HOME AND VIDEO OF PROPERTY: https://listings.propertyimageconcepts.com/sites/521-e-main-st-loretto-tn-38469-8202313/branded
Real Estate: This property offers an excellent opportunity to purchase a home with acreage in the city of Loretto. The property fronts over 1,000ft on E. Main St (Lexington Hwy) and over 500ft on Bates Road. The property lies both inside (zoned R-1, Low-Density Residential District) and outside the Loretto city limits. The majority of the property is open land with approximately 40 acres in row crop production. A long paved driveway leads to the 2 story brick home nestled amongst large oak trees. The home was built circa 1976 and per tax records, consists of approximately 1,735sf on the main level, 1,271sf on the upper level and 1,271sf in the basement. The main level consists of a kitchen, living room, dining room, foyer, half bath, sunroom and master bedroom with master bathroom. The upper level consists of 2 bedrooms, bathroom and master bedroom with master bathroom. The basement includes a large recreation room with bar, family room, den, bathroom, laundry room and a large unfinished storage room. The home also features an attached double garage and an enclosed storage area beneath the sunroom. Also included is a detached brick 14ft x 24ft storage building with electricity and a 3 bay 20ft x 36ft equipment shed with electricity. The property is served by electricity, city water, natural gas, and sewer. There is a 50ft ingress/egress easement that extends from Bates Rd to the property. The southwest corner of the property, approximately 1.6 acres, was previously a Lawrenceburg Utility Systems electrical substation. A former public solid waste disposal site is located on the property, the exact location is unknown. Property will be offered in 2 tracts and again as one unit.
Tract 1: 14.03± Acres with home, storage building and pole barn, fronting E. Main St. and Bates Rd.
Tract 2: 68.25± Acres fronting E. Main St. This tract consists of pasture/farmland and a pond. There are no structures on this tract.
Real Estate will be shown by appointment, contact Agent’s Office.
Open House: Sunday April 14th & 21st 1:00P.M. to 3:00P.M.
Seller: Brenda J. McMasters Estate
Terms: 10% down payment on day of sale. Balance due upon delivery of deed within 45 days from day of sale. Possession upon the delivery of the deed subject to the 2024 wheat harvest. Seller will provide survey, deed and owner’s title insurance. Seller reserves the right to accept or reject any and all bids. The real estate will be sold “AS-IS” without warranties of any kind.
All information contained herein is believed to be correct, but not guaranteed. Announcements made by the Auction Company on day of sale supersede any printed material.
