SOLD - Historic Lashbrooke
Farm with Approx. 2,100 Feet of Frontage Along the Main Channel of Ft. Loudon Lake
To be Offered Separately and as a Whole
Property is being Subdivided into 6 Tracts - 4 Large
Estate Size (5 Acres) Lakefront Tracts and 2 House Tracts
3498 Rankin Ferry Loop
Louisville, TN 37777
Saturday,
April 30th, 2011 - 10:30 AM
Open House Dates:
Sunday, April 10th, 2-4 PM
Sunday, April 17th, 2-4 PM
Special Financing Offered by Clayton Bank
Qualified buyers can receive conventional financing with as
little as 5% down, 30 yr. fixed rates in the 4.75% range on the house.
The land tracts can be financed at up to 75% LTV with rate fixed at
6.75% for 36 months on a 15 year amortization.
Contact:
Jack Cornett
865-539-2265 office
865-951-4724 mobile
jack.cornett@claytonbank.com
Shaun Shanks
865-539-2265 office
865-384-3381 mobile
shaun.shanks@claytonbank.com
Offered In Conjunction With:
Tom Hughes
(865) 806-1886
2% Broker Participation Offered
Click
here for Broker Letter
History of Lashbrooke Farm
Nestled on
the banks of the Tennessee River in
Blount
County, Lashbrooke Farm has
been in the Spence family for over seventy years. In the early 1930’s
Shirley and Emily “Mimi” Spence owned and operated a dairy farm, raised
state and national championship Jersey
cattle and American Saddlebred horses and lived on the land. The name
“Lashbrooke” means “Just and Loyal” and comes from Spence’s 1932 World
Champion American Saddlebred, Kalarama Lashbrooke. Their farm was the
largest poultry farm in the county, employing and housing over 32
families.
In 1996 the
Spence’s children sold over 400 acres of the farm. The center strip was
kept and entrusted to a grandson, Jason Spence, who had started a
wholesale nursery on the land. Soon after, Jackson Bend subdivision was
developed on one side and most recently, Lash Brooke Estates on the
other. The Spence’s grandson embraced the good fortune, determined to
restore the home and history. His business, Lashbrooke Nursery,
specializing in Japanese maples, provided him the opportunity to do just
that. The fertile fields on the riverbank were a perfect spot for the
greenhouses and shade houses, while the old horse stables were
well-suited for office space.
·
Horse Lover’s Dream of 33+/-
Acres Nestled on the Banks of the Tennessee River in Blount County
·
Site Located Across From the Fort
Loudon Yacht Club
·
Stately Antebellum Style Home,
Built in 1938 with Approximately 3,616 Square Feet
·
Main Home Features 4 Bedrooms, 4
½ Bathrooms, 3 Fireplaces
·
Main Home also features a
Geothermal HVAC Unit
·
Also Located on Property is a 2
Bedroom, Approximately 2,500 Square Foot, Guest House with pool
·
18 Stall Horse Barn also located
on Property
·
Main house uses well that is
located below guest house. Well is approximately 300 feet deep and is
supposedly the 2nd largest well next to the Lost Sea
·
When the property operated as a farm, the well serviced 32 homes and the
horse barn
·
Septic System for Main Home was
installed in 2010
·
Tract 6 is leased Month to Month - $600 per month April to October and
$500 per month November to March
·
PLEASE NOTE THAT THERE ARE APPROXIMATELY (2) PALLETS OF SHINGLES AND
SOME ORIGINAL BRICK LOCATED IN THE HORSE BARN. THE BUYER OF THE HOUSE
TRACT IS ENTITLED TO THESE ITEMS. BUYER WILL HAVE (30) DAYS AFTER
CLOSING TO MOVE THE ITEMS FROM THE HORSE BARN TO THE HOUSE.
·
2 REFRIGERATORS - MAIN HOUSE/GUEST HOUSE,
WINE REFRIGERATOR IN MAIN HOUSE, DINING ROOM CHANDELIER AND LIGHT
FIXTURE IN THE LIBRARY WILL BE REMOVED PRIOR TO CLOSING.
Zoning:
R-1 Residential
Utilities:
Electricity / Well Water / Septic Tank - Guest house is on city water
provided by Alcoa Utilities
Estimated Real Estate Taxes:
Approx. 2011 Blount County Taxes - $3,606.21 – For Entire Property
* Taxes
to be pro-rated at closing *
Schools:
Middlesettlements Elementary, William Blount Middle and High Schools
Directions: Traveling
southeast on Pellissippi Parkway toward the airport, take Exit #9 for
Topside Road. Turn RIGHT at bottom of ramp and travel 1.7 miles. Turn
RIGHT onto Old Topside Road and travel 6/10 mile. Turn RIGHT onto
Louisville Boatdock Road and travel 3/10 mile. Veer to the RIGHT at
fork in the road onto Rankin Ferry Loop and travel 1.4 miles to property
on your RIGHT.
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?
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. |
