Furrow Auction Company
BANKRUPTCY AUCTION
Case # 12-50171, Chapter 12
Case # 12-50172, Chapter 12
Case # 12-50173, Chapter 12
652 Acres in the heart of Jefferson County just off Hwy 11E

Saturday, September 8th, 2012 - 10:30 AM,
12:00 Noon and 1:00 PM

Beginning in 1960, a prominent and highly respected East Tennessee family began assembling an impressive portfolio of prime real estate in Jefferson County, TN. Today, this gently rolling assemblage of land features abundant native wildlife, meandering streams, fertile soil and numerous homes and home sites.

Totaling approx. 652 acres, this prime real estate is located less than one mile off a major US Hwy (US Hwy 11E) that runs from Knoxville, TN north and east to Bristol, VA and is just minutes from Interstate 40.

Selling in 10 tracts, with 7 contiguous tracts totaling 445.64 acres, this auction proves a unique opportunity to own some of the most desirable and versatile land in all of East Tennessee.

 

Special Financing Available Through Farm Credit Services!

Call:
865-397-9444
e-farmcredit.com



 

 

Sale 1: 10:30 am
Auction To Be Conducted On Site


Approx. 69.1 Acres with Improvements
488 W Old Andrew Johnson Hwy, New Market, TN

  • Approx. 69.1 Acres
  • Map 23, Parcel 14
  • Located just off Hwy 11E - Significant road frontage on Old Andrew Johnson Hwy.
  • Improved with an approximately 1,073 single family home
  • Barn and utility building also on property
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $975.29

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water provided by Jefferson City Water Dept, Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
Jefferson Elementary School
Jefferson Middle School
Jefferson County High
 

Sale 1 - Property Information Card - 69.1 Acres
Sale 1 - Sample Warranty Deed - 69.1 Acres
Sale 1 - Tax Card - 69.1 Acres
Sale 1 - Title Commitment - 69.1 Acres

Sale 2: 12:00 pm
Auction To Be Conducted On Site

Approx. 124.20 Acres
Indian Cave Rd., New Market, TN

  • Approx 124.20 Acres
  • Map 22, Parcel 20.03
  • Frontage on Indian Cave Rd & Nance Rd.
  • Located just off Hwy 11E at Churchview Rd.
  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $1,129.55

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water provided by New Market Utility District, 8" Water Line along Indian Cave Rd., Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High
 

Sale 2 - Property Information Card - 124.2 Acres
Sale 2 - Sample Warranty Deed - 124.2 Acres
Sale 2 - Tax Map - 124.2 Acres
Sale 2 - Title Commitment - 124.2 Acres
Sale 2 - Title Commitment Exceptions - 124.2 Acres

Sale 3 (Property 1): 1:00 pm
All Sale 3 Property Auctions to Conducted from this Location

Approx. 13.5 Acres with Improvements
1802 Old Andrew Johnson Hwy, New Market, TN

  • Approx. 13.5 Acres
  • Map 32, Parcel 21.02
  • Improved with 19,512 s.f. Commercial Building
  • Located at corner of Old Andrew Johnson Hwy & Lost Creek Rd.
  • Frontage on Old Andrew Johnson Hwy., Lost Creek Rd. & Charter Oaks Rd.
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $1,280.74

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water provided by New Market Utility District, Water at the end of property next to the Building, Electric Provided by Appalachian Electric Cooperative

Zoning Information: I-1 Industrial District

School Information:
Jefferson Elementary School
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 1 - Environmental Report Summary - 13.5 Acres
Sale 3 - Property 1 - Plat Map - 13.5 Acres
Sale 3 - Property 1 - Property Information Card - 13.5 Acres
Sale 3 - Property 1 - Sample Warranty Deed - 13.5 Acres
Sale 3 - Property 1 - Tax Map - 13.5 Acres
Sale 3 - Property 1 - Title Commitment - 13.5 Acres
Sale 3 - Property 1 - Title Commitment Exceptions - 13.5 Acres

Sale 3 (Property 2): 1:00 pm

Approx. 39.45 Acres
Lost Creek Rd., New Market, TN

  • Approx. 39.45 Acres
  • Map 32, Parcel 22
  • Significant road frontage on Lost Creek Rd.
  • Barn located on property
  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $1,379.65

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water provided by New Market Utility District, 4" Water Line along Lost Creek Rd., Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 2 - Property Information Card - 39.45 Acres
Sale 3 - Property 2 - Sample Warranty Deed - 39.45 Acres
Sale 3 - Property 2 - Tax Map - 39.45 Acres
Sale 3 - Property 2 - Title Commitment - 39.45 Acres
Sale 3 - Property 2 - Title Commitment Exceptions - 39.45 Acres

Sale 3 (Property 3): 1:00 pm

Approx. 29.1 Acres
Lost Creek Rd., New Market, TN

  • Approx. 29.1 Acres
  • Map 32, Parcel 23.01
  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $1,361.20

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water provided by New Market Utility District, 4" Water Line along Lost Creek Rd., Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 3 - Property Information Card - 29.1 Acres
Sale 3 - Property 3 - Sample Warranty Deed - 29.1 Acres
Sale 3 - Property 3 - Tax Map - 29.1 Acres
Sale 3 - Property 3 - Title Commitment - 29.1 Acres

Sale 3 (Property 4):  1:00 pm

Approx. 29 Acres with Improvements
852 Lost Creek Rd., New Market, TN

  • Approx. 29 Acres
  • Map 32, Parcel 23
  • Road frontage on Lost Creek Rd.
  • Improved with a approximate 832 s.f. single family home
  • Currently rented for $450.00 per month. Month to Month
  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $495.59

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water provided by New Market Utility District, 4" Water Line along Lost Creek Rd., Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 4 - Property Information Card - 29 Acres
Sale 3 - Property 4 - Sample Warranty Deed - 29 Acres
Sale 3 - Property 4 - Tax Map - 29 Acres
Sale 3 - Property 4 - Title Commitment - 29 Acres
Sale 3 - Property 4 - Title Commitment Exceptions - 29 Acres

Sale 3 (Property 5): 1:00 pm

Approx. 43 Acres with Improvements
2496 Forester Rd., New Market, TN

  • Approx. 43 Acres
  • Map 21, Parcel 20
  • Privately located at end of Forester Rd. 
  • Improved with a approximate 2,424 s.f. single family home
  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $1,161.33

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water not Available, Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
Jefferson Elementary School
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 5 - Property Information Card - 43 Acres
Sale 3 - Property 5 - Sample Warranty Deed - 43 Acres
Sale 3 - Property 5 - Tax Map - 43 Acres
Sale 3 - Property 5 - Title Commitment - 43 Acres

Sale 3 (Property 6): 1:00 pm

Approx. 140.5 Acres with Improvements
819 Baker Rd., New Market, TN

  • Approx. 140.5 Acres
  • Map 32, Parcel 40
  • Significant road frontage on Baker Rd. 
  • Improved with two single family home
    • One approximately 924 s.f.
    • One approximately 3,510 s.f.
  • Property also improved with two barns and a manufactured home
  • Trailer currently rented for $250.00 per month. Month to Month
  • House currently rented for $500.00 per month. Month to Month
  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $1,782.48

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water not Available, Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 6 - Property Information Card - 140.5 Acres
Sale 3 - Property 6 - Sample Warranty Deed - 140.5 Acres
Sale 3 - Property 6 - Tax Map - 140.5 Acres
Sale 3 - Property 6 - Title Commitment - 140.5 Acres
Sale 3 - Property 6 - Title Commitment Exceptions - 140.5 Acres

Sale 3 (Property 7): 1:00 pm

Approx. 11.74 Acres
810 Ken Manley Rd., New Market, TN

  • Approx. 11.74 Acres
  • Map 32, Parcel 38
  • Located just off Old Andrew Johnson Hwy at Ken Manley Rd.
  • Old rail spur located on property
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $258.30

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water not Available, Electric Provided by Appalachian Electric Cooperative

Zoning Information: I-1 Industrial District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High

Sale 3 - Property 7 - Property Information Card - 11.74 Acres
Sale 3 - Property 7 - Sample Warranty Deed - 11.74 Acres
Sale 3 - Property 7 - Tax Map - 11.74 Acres
Sale 3 - Property 7 - Title Commitment - 11.74 Acres
Sale 3 - Property 7 - Title Commitment Exceptions - 11.74 Acres

Sale 3 (Property 8): 1:00 pm

Approx. 152.85 Acres with Improvements
810 Ken Manley Rd., New Market, TN

  • Approx. 152.85 Acres

  • Map 32, Parcel 39

  • Improved with several single family homes as well as commercial/utility buildings
  • Trailer currently rented for $300.00 per month. Month to Month
  • House Features: 

    ·         Approximately 4,000 s.f.

    ·         All Brick Construction

    ·         2 Story with Finished Basement

    ·         5 Bedrooms

    ·         4 Bathrooms

    ·         2 Car Garage

    ·         4 Fireplaces

    ·         Hard Wood Flooring in Foyer, Den & Office

    ·         Central Heat & Air (5 ton unit for main floor & basement, 2 ton unit for upstairs)

     

  • Clear, level to gently rolling terrain
  • For Delinquent Tax Information, please see Delinquent Tax Matrix

Estimated County Taxes: Approx. $5,463.25

BUYER SHALL BE RESPONSIBLE FOR ALL CURRENT AND DELINQUENT PROPERTY TAXES.

Utility Information: Water not Available, Electric Provided by Appalachian Electric Cooperative

Zoning Information: A-1 Agricultural/Forestry District

School Information:
New Market Elementary
Jefferson Middle School
Jefferson County High

This tract is subject to Crop Rights through November 15th, 2012

Sale 3 - Property 8 - Property Information Card - 152.85 Acres
Sale 3 - Property 8 - Sample Warranty Deed - 152.85 Acres
Sale 3 - Property 8 - Tax Map - 152.85 Acres
Sale 3 - Property 8 - Title Commitment - 152.85 Acres
Sale 3 - Property 8 - Title Commitment Exceptions - 152.85 Acres

 

Utilities: All properties are on or would need to be on a Septic System. 

Gas is not available.             

Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) on sale day in the form of cash, certified check or wire, personal or company check, plus a real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON SEPTEMBER 28TH, 2012. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed.

Have a Question about this Auction?  Click here to send e-mail directly to a Furrow Representative.

**All Square Footage and Acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

Homes built before 1978 may contain lead-based paint.

 
 
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AUCTION DOCUMENTS

Auction Brochure
Back Tax Matrix
Environmental Study
Executive Summary
Indian Cave Flood Map
Jefferson County A-1 Zoning Ordinance
Jefferson County I-1 Zoning Ordinance
New Market Utility District System Map
Properties Affected by Crop Rights
Roll Back Tax Forms by Parcel
Sale One and Two Map
Sale Three Map
Single Family Home & Trailer Chart by Property

 

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