| (2) ESTATE SIZED
LAKEFRONT TRACTS ON FORT LOUDON LAKE IN LOUDON COUNTY, TN
HEADRICKS COVE
1790 LAKELAND DRIVE
LOUDON COUNTY, TN
Saturday,
October 4th, 2008 - 10:30 AM
SALE TO BE CONDUCTED ON
SITE
| SPECIAL FINANCING - Up to 90%! |
- Bank will lend up to 80% of the
appraised value of the property towards the purchase
- Additional 10% Owner Financing
- Fixed interest rates as low as
5.5%
- Loan maturity dates up to 5 years
(depending on financial strength and reason for purchasing the
property)
- Loan amortization of up to
25 years
Click
here for Auction Brochure
Lot 1:
·
Approximately 5.01 Acres
·
Approximately 350’ of Water Frontage
·
TVA Dock Permit is Being Processed
Lot 2:
·
Approximately 5.01 Acres
·
Approximately 176’ of Water Frontage
·
TVA Dock Permit Has Been Issued
Utilities Available:
·
Electricity provided by LCUB
·
Water available by Martel Utility District
Zoning:
A-2 Rural Residential Development
Taxes:
Current annual tax rate for Loudon County (2008) is $1.07 per assessed
hundred.
Based on an assessed
value of $1,000,000 the taxes would be as follows:
$1,000,000 / 100 = $10,000
$10,000
x $1.07 = $10,700 (Estimated Annual Taxes)
Current Year Taxes to be pro-rated at closing.
School District:
Elementary – Highland Park Elementary School
Middle – North Middle School
High - Lenoir City High
Directions:
From the intersection of
Northshore Drive and Concord Road, travel west on Northshore Drive for 4
miles to Harvey Road. Turn left on Harvey Road and travel 0.4 miles.
Turn right on Lakeland Drive and travel for 2.2 miles to property on
left.
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?
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here
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