Residential
Properties Throughout East Tennessee
Friday, September 4th, 2009
Click
here for Directions to Property
Locations
-
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
Financing
subject to proof of income, acceptable repayment capacity, no bankruptcy or material adverse credit reporting
Subject to Bank Customer
Identification Program requirements
Open Houses: Thursday, September 3rd,
10:00AM - 2:00 PM
Special Note: The Home located at 3836 Vista
Drive, Alcoa, TN will not be available for a pre-auction showing but
will be open 1 hour prior to sale on September 4th.
Sale #1
– 10:30 AM
Residential Building Lot
Timber Ridge Subdivision – Etowah (McMinn County), TN
Utilities Available:
Electric / Water / Septic System
Zoning:
None
Estimated Real Estate Taxes:
Approximate Annual County Real Estate Taxes –
$97.21
Taxes to be pro-rated
at closing.
____________________________________________________________________________
Sale #2
– 11:30 AM
Partially renovated single family home
506 Tellico Ave., Athens, TN
-
75’ x 150’ lot
-
Unfinished
basement with single car garage
Utilities Available:
Electric / Water / Sewer
Zoning:
R2 – Medium Density Residential
Estimated Real Estate Taxes:
Approximate annual County Real Estate Taxes – $173.42
Approximate annual City Real Estate Taxes – $124.29
Total Annual Real Estate Taxes – Approx. $297.71
Taxes to be pro-rated
at closing.
___________________________________________________________________________
Sale #3
– 1:00 PM
Residential Building Lots
Harrison Glen Subdivision – Lenoir City, TN
·
Lots
2, 3 & 4
·
Restricted Community
·
Convenient to Lenoir City Schools
Utilities Available:
Electric / Water / Sewer / Gas
Zoning:
R-4 – Residential District
Estimated Real Estate Taxes:
Approximate annual County Real Estate Taxes – $126.11 (per lot)
Approximate annual City Real Estate Taxes – $92.63 (per lot)
Total Annual Real Estate Taxes – Approx. $218.74
Taxes to be
pro-rated at closing.
_______________________________________________________________________________
Sale #4
– 1:00 PM
Residential Building Lot – Rarity Pointe Community
Gallery Court, Lenoir City, TN
**Auction to be held from Harrison Glen
Auction Site (sale # 3)**
·
Lot
# 308
·
Approx. .40 acre
·
Golf
course lot – Overlooks 15th fairway
Utilities Available: Electric
/ Water / Sewer
Zoning:
R - Residential
Estimated Real Estate Taxes:
Approx. annual County Real Estate Taxes – $912.00
Total Annual Real Estate Taxes – Approx. $912.00
Taxes to be pro-rated at closing.
___________________________________________________________
Sale #5
– 2:30 PM
Two
Residential Building Lots
St. Ives Subdivision – Alcoa, TN
·
Restricted community
·
Lots
93 & 100
Utilities Available: Electric
/ Water / Sewer
Zoning:
Residential
Estimated Real Estate Taxes:
Approx. annual County Real Estate Taxes – $401.40 (per lot)
Approx. annual City Real Estate Taxes – Approx. $378.00 (per lot)
Total Annual Real Estate Taxes – Approx. $779.40
Taxes to be pro-rated
at closing.
__________________________________________________________________________
Sale #6
– 3:00 PM
Single family home situated on approximately 2.7 acres
3836 Vista Drive, Alcoa, TN
·
Approx. 1,980 s.f.
·
Currently being rented (month to month) for $850 monthly
Utilities Available: Electric
/ Water
Zoning:
General Business E
Estimated Real Estate
Taxes:
Approx. annual County Real Estate Taxes – $2,726.18
Approx. annual City Real Estate Taxes - $2,567.25
Taxes to be pro-rated
at closing.
______________________________________________________________________
Sale #7
– 3:30 PM
Approx. 742 s.f. single family home
320 Rockford Cedar St., Rockford, TN
·
Ideal investment property
·
2
Bedroom, 1 Bath
Utilities Available: Electric
/ Water / Gas / Septic System
Zoning:
S - Suburbanizing
Estimated Real Estate Taxes:
Approx. annual County Real Estate Taxes – $194.01
Taxes to be pro-rated
at closing.
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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