Furrow Auction Company
ABSOLUTE REAL
ESTATE AUCTION

To Be Sold To The Highest Bidder
Without Minimum or Reservation
Commercial and Residential Lots located in
Blount County


Auction Address: Painted Trillium Way
                                  Townsend, TN  37882

Saturday, May 22nd , 2010 - 12:00 Noon

Special Financing Available from BankEast: 

  • 3 year fixed rate of 5.95% with the first year interest only and paid monthly; after first 12 months, begin principal and interest payments based upon 20 year amortization of principal
  • 5 year fixed rate of 6.25% with the first year interest only and paid monthly; after first 12 months, begin principal and interest payments based upon 20 year amortization of principal
  • 35% Down Payment or additional collateral acceptable to BankEast such that the loan to purchase is 65% or less

 

Property #1

 

121 Sunshine Way

·         Approx. 0.85 Acres

 

Zoning:  R-2: Rural District 2
School Zoning:
Townsend Elementary, Heritage Middle, Heritage High
Utilities:
Tuckaleechee Utility District provides water to this address, Alcoa City Utilities Department provides Electricity to this address, Septic - No natural gas is available to this area.
Estimated Real Estate Taxes
:
Estimated Annual Blount County Taxes: $351.19

Taxes to be pro-rated at closing

Directions: Traveling on US-129 S toward Airport Smoky Mountains merge onto TN-35 S via the ramp on the LEFT toward US-411 N/Maryville/US-321 N and travel 2.8 miles.  Stay Straight to go onto S Washington St. and travel 0.2 miles.  Stay STRAIGHT to go onto E LAMAR ALEXANDER PKWY/US-321/TN-73/WALLAND HWY. Continue to follow US-321 N/TN-73 E/WALLAND HWY. Travel 13.3 miles. Turn RIGHT onto LONG BRANCH RD. Travel 0.5 miles.  LONG BRANCH RD becomes KINZEL SPRINGS WAY. Turn RIGHT onto SUNSHINE WAY.  121 SUNSHINE WAY is on the RIGHT.

Property #2

122 Sunshine Way 

·        Approx. 0.99 Acres

 

Zoning:  R-2: Rural District 2
School Zoning:
Townsend Elementary, Heritage Middle, Heritage High
Utilities: Tuckaleechee Utility District provides water to this address, Alcoa City Utilities Department provides Electricity to this address, Septic - No natural gas is available to this area.
Estimated Real Estate Taxes
:
Estimated Annual Blount County Taxes: $351.19

Taxes to be pro-rated at closing

2 LOTS IN A NEW UPSCALE SHOPPING VILLAGE LOCATED DIRECTLY ON HWY 321 IN TOWNSEND

Trillium Cove - Townsend's Appalachian Village

Get in on the ground floor of this new, upscale shopping village in Townsend

Designed and built as a pedestrian friendly zero-lot line development, Trillium Cove offers business owners an outstanding opportunity to:

  • Own your building and ground that your business is on or purchase a unit for investment and rent to other business owners.

  • Be located on the main road in Townsend, a tourist community surrounded by beautiful mountains and an entrance to the most visited national park in the United States.

  • Be part of a commercial development community to pool advertising dollars to maximize your advertising budget.

  • Have a solid real estate investment in a growing tourist community.

  • Enjoy the meandering walkways and landscaped gardens that will draw more customers.

  • Be part of a beautiful shopping village of 25 exclusive shops/office spaces in Townsend.

  • Benefit from Trillium Cove's self-contained, private sewer utility on-site, which is operated by a public utility company & underground utilities.

Property #3

Unit CU-5 Lamar Alexander Parkway 

·         In Trillium Cove Subdivision

·         Zoned Commercial

·         Corner Lot Highly Visible

 

Zoning: B-1: General Business District
Utilities:
Tuckaleechee Utility District provides water to this address, Alcoa City Utilities Department provides Electricity to this address, No natural gas is available to this area.
Estimated Real Estate Taxes
:
Estimated Annual Blount County Taxes: $758.20

Taxes to be pro-rated at closing

Directions:  Traveling South on TN-115/US-129 S Turn Left at West Lamar Alexander Parkway/TN-73 E/US-321 N and travel 19.0 miles to the property on your LEFT.

Property #4

   

Unit CU-15 Lamar Alexander Parkway

 

Zoning: B-1: General Business District
Utilities:
Tuckaleechee Utility District provides water to this address, Alcoa City Utilities Department provides Electricity to this address, No natural gas is available to this area.
Estimated Real Estate Taxes
:
Estimated Annual Blount County Taxes: $758.20

Taxes to be pro-rated at closing

Directions:  Traveling South on TN-115/US-129 S Turn Left at West Lamar Alexander Parkway/TN-73 E/US-321 N and travel 19.0 miles to the property on your LEFT.  

Property #5

Leatherwood Drive

Zoning: R-1: Rural District 1
Utilities:
Tuckaleechee Utility District provides water to this address, Alcoa City Utilities Department provides Electricity to this address, Septic - No natural gas is available to this area.
Estimated Real Estate Taxes
:
Estimated Annual Blount County Taxes: $104.25

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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AUCTION DOCUMENTS

Auction Brochure
Property 1&2:
Covenants and Restrictions
Directions
Plat of Record
Sale Day Procedures
School Zone Information
Tax Information
Utility Information
Zoning Information
Zoning Regulations
Property 3&4:
An Ordinance Amending the Zoning Code of the City of Townsend
Directions
Restrictive Covenants
Sale Day Procedures
Tax Information
Utility Information
Zoning Information
Zoning Regulations
Property 5:
Directions
Plat of Record
Sale Day Procedures
School Zone Information
Tax Information
Utility Information
Zoning Information
Zoning Regulations
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