1230 Cherokee Boulevard
Knoxville, TN  37919

Saturday, June 25th, 2011 - 10:30 AM
Open House: Sunday, June 19th 2:00 PM to 4:00 PM
or By Appointment
 

2% Broker Participation Offered

Click here for Broker Letter

Special Financing Offered by Clayton Bank:

Secondary Market:
Amount: Up to $1,000,000 as long as the Loan To Value is 80% or lower (meaning 20% down)

Amount: Up to $2,000,000 as long as the Loan To Value is 55% or lower (meaning 45% down)

760 credit score or higher

Rate Options:
5% on a 30yar fixed
3.375% on  a 5 / 1 arm

In House Clayton Bank Financing:
Amount: Up to $1,000,000/10% Down

Amount: Up to $2,000,000/45% Down

Rate: 6.5% fixed for 36 months; payments based on a 30 year amortization schedule

Note: This is Subject to change depending on the borrower's financial strength and other factors that are taken into account.

Contact:

Jack Cornett
865-539-2265 office
865-951-4724 mobile
jack.cornett@claytonbank.com

Shaun Shanks
865-539-2265 office
865-384-3381 mobile
shaun.shanks@claytonbank.com

·         Approximately 4,194 Square Feet

·         3 Bedrooms / 3 ½ Bathrooms

·         Built in 1930

·         Classic Mediterranean Design has been Renovated While
  Keeping True with the Original Character

·         Kitchen Offers New High-End Appliances and Large Work
  Space for any Gourmet Chef

·         All New Bathrooms

·         Original Hardwood Floors Have Been Refinished

·         Master Suite offers Corner Fireplace, Large Dressing Room &
  New Bath

·         Home Overlooks Restored Pool & Expansive Water Views

·         Over 130' of Frontage on the Main Channel

·         New Irrigation System

·         2 Car Garage & 2 Car Carport

Zoning: R-1 Residential
Utilities: Electric / Water / Sewer / Gas – All Supplied by KUB
Estimated Real Estate Taxes:
Approx. Knox County 2011 Taxes - $7,834.02
Approx. Knoxville City 2011 Taxes - $8,165.97
Total Annual Real Estate Taxes – Approx. $15,999.99
Schools:
Elementary: Sequoyah Elementary School
Middle: Bearden Middle School
High: West High School

Directions: Traveling east on Kingston Pike toward downtown turn RIGHT at traffic light onto Cherokee Boulevard.  Travel 1.4 miles to property on LEFT on the water.

Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) and is due today in the form of cash, cashier's check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing. CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

Have a Question about this Auction?  Click here to send e-mail directly to a Furrow Representative.

**All Square Footage and Acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

Homes built before 1978 may contain lead-based paint.

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