Furrow Auction Company
BANKRUPTCY AUCTION
Case# 3:09-bk-35259

To Be Sold To The Highest Bidder
Without Minimum or Reservation
BANKRUPTCY AUCTION IMMEDIATELY FOLLOWING THE FORECLOSURE AUCTION

Residential & Commercial Properties Throughout the Gatlinburg & Sevier County Area

 
Auction To Be Held At:
Gatlinburg Convention Center
234 Historic Nature Trail
Gatlinburg, TN

Click here for Parking Map Day of Auction

Saturday, May 14th, 2011 - 11:00 AM


 

Property #1

Approx. 37.26 Acres on E. Parkway in Gatlinburg, TN - Income Producing
Located at the corner of E. Parkway & Hidden Hills Rd.
Gatlinburg, TN

·         Improved with a Approx. 1,401 s.f. Cabin Currently Utilized as a Sales Office for Mtn Shadows Resort

·         To be Sub-Divided into Tracts

·         Frontage on Hwy 321 (E. Parkway) and Hidden Hills Rd.

·         Minutes from Downtown Gatlinburg

·         View of Great Smoky Mountains National Park

·         Tremendous Commercial Potential

·         Cabin on property currently leased for $650/monthly through December, 2015

 

Utilities Available: Electric/Water/Sewer at Northern Boundary
Zoning: 
C-2 General Commercial District

Estimated Real Estate Taxes:

Approx. annual City Real Estate Taxes – $638.00
Approx. annual County Real Estate Taxes - $6,740.00
Total Annual Real Estate Taxes – Approx. $7,377.00

Being Sold Subject to all current and back taxes 

Sale 1 - E. Parkway, Gatlinburg, TN -Due Diligence Package
Sale 1 - E. Parkway, Gatlinburg, TN - Lease Information
Sale 1 - E. Parkway, Gatlinburg, TN - School Information
Sale 1 - E. Parkway, Gatlinburg, TN - Survey
Sale 1 - E. Parkway, Gatlinburg, TN - Tax Card
Sale 1 - E. Parkway, Gatlinburg, TN - Tax Information
Sale 1 - E. Parkway, Gatlinburg, TN - Title Commitment
Sale 1 - E. Parkway, Gatlinburg, TN - Title Commitment Exceptions
Sale 1 - E. Parkway, Gatlinburg, TN - Utility Information
Sale 1 - E. Parkway, Gatlinburg, TN - Zoning Information
Sale 1 - E. Parkway, Gatlinburg, TN - C-2 Zoning Ordinance

Property #2

Approx. 319 Acres in Pittman Center
Hickey Road
Pittman Center, TN

·         Frontage on Hickey Rd.

·         Convenient to East Parkway

·         Minutes from Gatlinburg

·         Wooded Mountainous Terrain

·         Teeming with Native Wildlife

 

Utilities Available: Electric & Water on the Periphery of Property
Zoning:
RLD, Residential Low Density Single Family District (by Town of Pittman Center)

Estimated Real Estate Taxes:
Approx. annual County Real Estate Taxes – $540.16
Total Annual Real Estate Taxes – Approx. $270.08

Being Sold Subject to all current and back taxes

Sale 2 - Hickey Rd, Pittman Center - Aerial Photo
Sale 2 - Hickey Rd, Pittman Center - Due Diligence Package
Sale 2 - Hickey Rd, Pittman Center - Residential Low Density Zoning
Sale 2 - Hickey Rd, Pittman Center - Sample Warranty Deed
Sale 2 - Hickey Rd, Pittman Center - School Information
Sale 2 - Hickey Rd, Pittman Center - Tax Card
Sale 2 - Hickey Rd, Pittman Center - Tax Information
Sale 2 - Hickey Rd, Pittman Center - Title Commitment
Sale 2 - Hickey Rd, Pittman Center - Title Commitment Exceptions
Sale 2 - Hickey Rd, Pittman Center - Topo Map
Sale 2 - Hickey Rd, Pittman Center - Utility Information
Sale 2 - Hickey Rd, Pittman Center - Zoning Information

Property #3

Approx. 18.31 Acre Gentleman’s Farm - Income Producing
3401 Bohanon Hollow Rd.
Pigeon Forge, TN

·         Sub-Divided into 7 Tracts

·         Frontage on Bohanon Hollow Rd. & Old Mountain Rd.

·         Improved with 1,068 s.f. Home & Barn

·         Currently leased for $500 monthly through January, 2013

 

Utilities Available: Electric / Water
Zoning:
A-1 Agricultural District
Estimated Real Estate Taxes:

Approx. annual County Real Estate Taxes – $1.011.78
Total Annual Real Estate Taxes – Approx. $1,011.78

Being Sold Subject to all current and back taxes

Sale 3 - Bohanon Hollow Rd - Due Diligence Package
Sale 3 - Bohanon Hollow Rd - Lease Information
Sale 3 - Bohanon Hollow Rd - Sample Warranty Deed
Sale 3 - Bohanon Hollow Rd - School Information
Sale 3 - Bohanon Hollow Rd - Survey
Sale 3 - Bohanon Hollow Rd - Tax Card
Sale 3 - Bohanon Hollow Rd - Tax Information
Sale 3 - Bohanon Hollow Rd - Title Commitment
Sale 3 - Bohanon Hollow Rd - Title Commitment Exceptions
Sale 3 - Bohanon Hollow Rd - Utility Information
Sale 3 - Bohanon Hollow Rd - Zoning Information
Sale 3 - Bohanon Hollow Rd - Zoning Map
Sale 3 - Bohanon Hollow Rd - A-1 Zoning Ordinance

Property #4

Approximately 1.06 acres with improvements - Income Producing
730 & 734 Powdermill Road
Gatlinburg, TN 

 

  • Includes approx. 1,060 s.f. single family home
  • Includes approx. 1,730 s.f. building
  • Approx. 132’ of frontage on Powdermill Rd.
  • Approx. 132’ of frontage on Powdermill Rd.
  • Powdermill Rd. currently leased for $400 monthly through November, 2018

 

Utilities Available: Electric / Water
Zoning:
R-2 (Medium Density Residential)
C-5 (Crafts Commercial District)

Estimated Real Estate Taxes:

Approximate annual County Real Estate Taxes – $173.42
Approximate annual City Real Estate Taxes – $1,220.60
Total Annual Real Estate Taxes – Approx. $1,394.02

Being Sold Subject to all current and back taxes

Sale 4 - 730 & 734 Powdermill Rd - Lease Information
Sale 4 - 730 & 734 Powdermill Rd - Due Diligence Package
Sale 4 - 730 & 734 Powdermill Rd - Sample Warranty Deed
Sale 4 - 730 & 734 Powdermill Rd - School Information
Sale 4 - 730 & 734 Powdermill Rd - Survey
Sale 4 - 730 & 734 Powdermill Rd - Tax Card
Sale 4 - 730 & 734 Powdermill Rd - Tax Information
Sale 4 - 730 & 734 Powdermill Rd - Title Commitment
Sale 4 - 730 & 734 Powdermill Rd - Title Commitment Exceptions
Sale 4 - 730 & 734 Powdermill Rd - Utility Information
Sale 4 - 730 & 734 Powdermill Rd - Zoning Information
Sale 4 - 730 & 734 Powdermill Rd - C-5 Zoning Ordinance
Sale 4 - 730 & 734 Powdermill Rd - R-2 Zoning Ordinance

 Property #5 – 2:30 PM

Commercial Building
722 Powdermill Rd.
Gatlinburg, TN 

·         Approx. 183’ frontage on Powdermill Rd.

·         Improved with approx. 2,100 s.f. building

 

Utilities Available: Electric / Water
Zoning:
C
– 5 (Crafts Commercial District)
Estimated Real Estate Taxes:

Approximate annual County Real Estate Taxes – $1,121.12
Approximate annual City Real Estate Taxes – $108.69
Total Annual Real Estate Taxes – Approx. $1,229.81

Being Sold Subject to all current and back taxes

Sale 5 - 722 Powdermill Rd - Due Diligence Package
Sale 5 - 722 Powdermill Rd - Sample Warranty Deed
Sale 5 - 722 Powdermill Rd - School Information
Sale 5 - 722 Powdermill Rd - Survey
Sale 5 - 722 Powdermill Rd - Tax Card
Sale 5 - 722 Powdermill Rd - Tax Information
Sale 5 - 722 Powdermill Rd - Title Commitment
Sale 5 - 722 Powdermill Rd - Title Commitment Exception
Sale 5 - 722 Powdermill Rd - Utility Information
Sale 5 - 722 Powdermill Rd - Zoning Information
Sale 5 - 722 Powdermill Rd - C-5 Zoning Ordinance

Property #6

Residential Building Lot
Located adjacent to Mountain Shadows, Phase II
Gatlinburg, TN

 

  • Frontage on Moody Drive & Mountain Shadow Way
  • Approx. 216’ x 83’

 

Utilities Available: Electric / Water / Septic System
Zoning: R- 1, Low Density Residential
Estimated Real Estate Taxes:

Approximate Annual County Real Estate Taxes – $109.73
Approximate Annual City Real Estate Taxes – $10.64

Being Sold Subject to all current and back taxes

Sale 6 - Moody Rd - Due Diligence Package
Sale 6 - Moody Rd - Sample Warranty Deed
Sale 6 - Moody Rd - School Information
Sale 6 - Moody Rd - Survey
Sale 6 - Moody Rd - Tax Card
Sale 6 - Moody Rd - Title Commitment
Sale 6 - Moody Rd - Title Commitment
Sale 6 - Moody Rd - Title Commitment Exceptions
Sale 6 - Moody Rd - Utility Information
Sale 6 - Moody Rd - Zoning Information
Sale 6 - Moody Rd - R-1 Zoning Ordinance

Property #7

Residential Building Lot
Located on Stott Lane, adjacent to Mountain Shadows, Phase II
Gatlinburg, TN

 

  • Frontage on Stott Lane
  • Approx. 150’ x 70’

 

Utilities Available: Electric / Water / Septic System
Zoning:
R-1, Low Density Residential
Estimated Real Estate Taxes:

Approximate Annual County Real Estate Taxes – $150.15
Approximate Annual City Real Estate Taxes – $14.56

Being Sold Subject to all current and back taxes 

Sale 7 - Stott Lane - Due Diligence Package
Sale 7 - Stott Lane - Sample Warranty Deed
Sale 7 - Stott Lane - School Information
Sale 7 - Stott Lane - Survey
Sale 7 - Stott Lane - Tax Card
Sale 7 - Stott Lane - Tax Information
Sale 7 - Stott Lane - Title Commitment
Sale 7 - Stott Lane - Title Commitment Exception
Sale 7 - Stott Lane - Utility Information
Sale 7 - Stott Lane - Zoning Information

 

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.

 
 
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