Auction Information
3 Land Tracts Preston Ln Elmwood Smith Co.
Poindexter Realty & Auction
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ABSOLUTE AUCTION!
Saturday, June 13 – 10:00 AM
Preston Lane Elmwood, TN
REAL ESTATE TO SELL AT 10:00 AM
Directions: Take Cookeville Hwy (US-70N E) go 5 miles turn left onto Horseshoe Bend Ln, go 1 mile, turn right onto Sullivans Bend Rd, go 6 miles and turn right onto Preston Ln. Property is on the right. See Signs!
Tract 1 – 1.15 Acres
Tract 2 – 1.09 Acres
Tract 3 – 2.28 Acres
Auctioneer’s Note: We’re offering a beautiful 4.52 acre property that has already been subdivided into three individual tracts, giving you multiple opportunities in one purchase. Each tract has been soil mapped, and they are currently undergoing septic evaluation. These lots are ideal for investors, home builders, or individual buyers ready to build their dream home in a peaceful setting. Whether you're planning to build now or invest for the future, this property checks all the boxes. Don’t miss your chance to buy land in a growing market— they’re not making any more of it!
Title: Seller will provide Attorney Title Opinion Letter and Warranty Deed. 2026 County Taxes will be paid by seller.
Terms: Real Estate: 20% non-refundable deposit down day of sale, sign sales contract, w/balance due at closing. Real Estate is selling “As Is” “Where Is” with no written or implied warranties, and no contingencies including and not limited to financing, appraisal, or inspections of any kind.
SUPER TERMS AVAILABLE FROM AREA BANKS
CITIZENS BANK – JARED GOAD – (615) 735-1490
WILSON BANK & TRUST – DAVID WEST – (615) 735-3990
WELLWORTH BANK – PAT NIXON – (615) 735-2800
BANK TENNESSEE – EDDIE DALE SYKES – (615) 735-9805
FARM CREDIT SERVICE – CHRIS FERRELL – (615) 444-1861
DRIVER’S LICENSE REQUIRED TO OBTAIN BIDDER NUMBER
Seller: Paul Grisham
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