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DEVELOPMENT OPPORTUNITY
3
Acreage Tracts Totaling Approx. 15 Acres
Queener Road off Hwy 72 in Loudon, TN
Saturday,
August 1st, 2009 - 10:30 AM
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Improved Lots: 20% cash down payment, 10yr
amortization / 7 yr maturity; 6% fixed interest rate
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Unimproved Land: 25% cash down payment,
10yr amortization / 5 yr maturity; 6% fixed interest rate
Financing subject to proof of income, acceptable repayment capacity,
no bankruptcy or material adverse credit reporting, and bank's customer
identification program requirements.
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Fantastic Location situated less than ½ mile from
I-75 and minutes from Downtown Loudon
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(3) Acreage Tracts Across From Hampton Place
Subdivision -
SELLING ABSOLUTE
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5.23 Acre Tract
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5.10 Acre Tract
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5.13 Acre Tract
Utilities Available:
Electric / Water / Sewer / Gas – Loudon Utilities Board
Zoning: R1
(Low Density Residential District)
Estimated Real Estate Taxes: TBD
Schools:
Loudon Elementary
Ft. Loudon Middle
Loudon County High School
Directions:
From I-75 take Exit
72 (Loudon Hwy 72 Exit) turn left and travel east toward Loudon 3/10
mile. Turn left onto Queener Road next to the Log Cabin BBQ Restaurant.
Travel 3/10 mile to property located on both sides of the road.
3% Broker Participation Offered
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. LAST AVAILABLE DAY TO CLOSE IS FRIDAY, AUGUST 21st.
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