| RESIDENTIAL AND
COMMERCIAL PROPERTIES THROUGHOUT UPPER EAST TENNESSEE
Tuesday &
Wednesday,
December 8th and 9th, 2009
-
1-4 family
residence: 15% cash down payment; 30 yr amortization / 10 year
maturity; 5.5% fixed interest rate
-
Improved lots: 20%
cash down payment; 10 yr amortization / 7 year maturity; 6.0%
fixed interest rate
-
Unimproved land: 25%
cash down payment; 10 yr amortization / 5 year maturity; 6.0%
fixed interest rate
-
Commercial Building : Retail, Office, Warehouse - 15%
cash down payment; 20 yr amortization / 7 yr maturity; 6.0% fixed
interest rate
Financing
subject to proof of income, acceptable repayment capacity, no bankruptcy
or material adverse credit reporting.
Subject to Bank Customer
Identification Program requirement
Tuesday,
December 8th:
Sale #1
– 10:30 AM
Manufactured Home
on 1.49 Acre Lot
105 Phipps Road,
Surgoinsville, TN
-
Located at the corner of Phipps Rd. & Hwy 346
-
Large 1.49 acre lot
-
Single Family Home Generates an Estimated Monthly
Income of $300
-
Storage Units Have Generated an Estimated
Year-to-Date Income of $6,372.
-
22 Storage Units Available
Utilities
Available:
Electric /
Water / Septic System
Zoning:
None
Estimated Real
Estate Taxes:
Approximate Annual County Real Estate Taxes – $310.59
Taxes to be pro-rated at closing.
Directions: From the
intersection of Hwy 11W and TN-346, travel east on TN-346 approx. 1.4
miles to left on Phipps Street. 105 Phipps is first house on left.
Sale #2
– 11:15 AM
20.3
Acres on the Holston River
Holston Dr.
Church Hill, TN
-
Approx. 20.3
Acres
-
Clear and
level
-
Approx. 600’
frontage on river
-
Close
proximity to Laurel Park
Utilities Available: Electric / Water
Zoning:
None
Estimated Real
Estate Taxes:
Approximate annual County Real Estate Taxes – $669.47
Taxes to be pro-rated at closing.
Directions:
From the intersection of
Hwy 11W and Goshen Valley Rd., Travel east on Goshen Valley Rd. approx.
0.8 miles to right on River Rd. Travel approx. 1.4 miles on River Rd. to
left on Holston Ave. Travel approx. 0.2 miles on Holston Ave. to
property on left.
Sale #3
– 12:45 PM
Approx. 1,608 s.f. Partially Complete Single Family Home
2417 Portland Ave.
Kingsport, TN
Utilities
Available:
Electric /
Water / Septic
Zoning:
R – 2A
Medium Density Residential
Estimated Real
Estate Taxes:
Approx. annual County Real Estate Taxes – $524.98
Taxes to be pro-rated at closing.
Directions: From the intersection of Hwy 11W and Bloomingdale Pike, follow
Bloomingdale Pike approx. 3.1 miles (road turns into Bloomingdale Rd.)
to right on Freewill Dr., Turn right on Freewill Dr. and travel approx.
0.1 miles to left on Portland St. travel approx. 0.1 miles to property
on right.
Sale #4
– 1:45 PM
Manufactured Home on 0.97 Acre Lot
1369 Big Hollow Rd.
Blountville, TN
-
Approx. 1,620 s.f.
-
3
Bedroom, 2 Bath
Utilities
Available:
Electric /
Water / Septic
Zoning: R-2A
Medium Density Residential
Estimated Real
Estate Taxes:
Approx. annual County Real Estate Taxes – $63.25 (as lot)
Taxes to be pro-rated at closing.
Directions:
From the intersection of TN-394 & Big Hollow Rd., travel approx. 2.0
miles on Big Hollow Rd. to property on left.
Sale #5
– 2:45 PM
Manufactured home situated on approximately 0.36 acre lot
143 Muse Rd.
Elizabethton, TN
-
Approx. 1,296 s.f
-
Fenced Yard
Utilities Available:
Electric / Water /
Septic
Zoning: R1 -
Residential
Estimated Real
Estate Taxes:
Approx. annual County Real Estate Taxes – $246.42
Taxes to be pro-rated at closing.
Directions: From the
intersection of Broad St. & Lynn Ave., Travel approx 1.1 miles on Lynn
Ave. to left on Admiral, Travel approx. 400 yards to right on Muse Ave.,
Travel approx. 2/10 mile to property on left.
Sale #6
– 3:30 PM
Approx. 2,372 s.f. Single Family Home
743 Quail Hollow Dr.
Elizabethton, TN
Utilities
Available:
Electric /
Water / Sewer
Zoning:
R1 -
Residential
Estimated Real
Estate Taxes:
Approx. annual County Real Estate Taxes – $1,158.29
Approx. annual City Real Estate Taxes - $928.72
Approx. total annual Real Estate Taxes - $2,087.01
Taxes to be pro-rated at closing.
Directions:
From the intersection of Powder Branch Rd. & Milligan Hwy, travel
approx. ½ mile (Happy Valley High School will be on right) to right on
Quail Hollow and travel approx. 3/10 mile to property on right.
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.
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Homes built before 1978 may contain lead-based paint. |
