| Waterfront Peninsula on Ft. Loudoun Lake
Just Off Kingston Pike in the Heart of West
Knoxville
Fox Road
Knoxville, TN 37922
Saturday,
October 22nd, 2011 - 10:30 AM
In Conjunction with:
Tom Pettitt
Realty Executives Associates
(865) 588-3232
·
3.47 Acre Waterfront Peninsula on Fort Loudoun Lake
·
“Cottage” style home located on property
·
Located adjacent to Fox Road Marina
·
Approximately 1,171 feet of frontage on Ft. Loudoun
Lake
·
Level lot down to water
·
According to Stan Hinds with Hinds Surveying Company, there is
approximately 1.05+/- acres above the 820' contour line.
·
The Boat House is located on the property, but the dock is
not. The southwestern property separates the two.
Zoning:
A – Agricultural Zone; F – Floodway Zone
Utilities: Electric / Water / Sewer
Estimated Real Estate Taxes:
TBD - Lot 3 is part of Tax Map 143, Parcel
127, located within Knox County. The current annual county taxes for
this specific parcel are $4,335.91.
Once the property is conveyed to a
new owner, it will then be assessed for tax purposes. The current tax
rate within Knox County is $2.36 per $100 of Assessed Value. Therefore,
if the purchase price is $500,000, the property will be assessed at 25%
of that value for an assessment value of $125,000.
Assessment value ($125,000) x Tax
Rate ($2.36/$100) = Estimated Annual RE Taxes of $2,950.00.Approx.
Please Note: The property that
is being sold is known as all of “Lot 3” from the recorded plat titled,
“Final Plat of the McKenry Property”. Please refer to the “Final Plat
of the McKenry Property” under the Auction Documents section.
Schools:
Elementary: A.L. Lotts Elementary School
Middle: West Valley Middle School
High: Farragut High School
Directions: In Knoxville,
from the intersection of Kingston Pike and Canton Hollow Road, travel
southeast on Canton Hollow Road for 1.8 miles until it ends at railroad
tracks. Turn LEFT onto Fox Road to property on RIGHT, next to Fox Road
Marina.
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 FRIDAY, NOVEMBER
11TH, 2011. 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. |
