| 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

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Improved with a Approx. 1,401 s.f. Cabin Currently Utilized as a Sales
Office for Mtn Shadows Resort
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To
be Sub-Divided into Tracts
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Frontage on Hwy 321 (E. Parkway) and Hidden Hills Rd.
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Minutes from Downtown Gatlinburg
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View
of Great Smoky Mountains National Park
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Tremendous Commercial Potential
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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
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Sale 1 - E. Parkway,
Gatlinburg, TN -Due Diligence Package
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Sale 1 - E. Parkway, Gatlinburg, TN - Lease Information
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Sale 1 - E. Parkway, Gatlinburg, TN - School Information
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Sale 1 - E. Parkway, Gatlinburg, TN - Survey
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Sale 1 - E. Parkway,
Gatlinburg, TN - Tax Card
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Sale 1 - E. Parkway, Gatlinburg, TN - Tax Information
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Sale
1 - E. Parkway, Gatlinburg, TN - Title Commitment
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Sale 1 - E. Parkway, Gatlinburg, TN - Title Commitment
Exceptions
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Sale 1 - E. Parkway, Gatlinburg, TN - Utility Information
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Sale 1 - E. Parkway, Gatlinburg, TN - Zoning Information
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Sale 1 - E. Parkway, Gatlinburg, TN - C-2 Zoning Ordinance
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Property #2
Approx. 319 Acres in Pittman Center
Hickey Road
Pittman Center, TN

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Frontage on Hickey Rd.
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Convenient to East Parkway
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Minutes from Gatlinburg
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Wooded Mountainous Terrain
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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
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Sale 2 -
Hickey Rd, Pittman Center - Aerial Photo
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Sale 2 - Hickey Rd, Pittman
Center - Due Diligence Package
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Sale 2 -
Hickey Rd, Pittman Center - Residential Low Density Zoning
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Sale 2 - Hickey Rd, Pittman Center - Sample Warranty Deed
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Sale 2 - Hickey Rd, Pittman Center - School Information
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Sale 2 - Hickey Rd,
Pittman Center - Tax Card
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Sale 2 - Hickey Rd, Pittman Center - Tax Information
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Sale 2 - Hickey Rd, Pittman Center - Title Commitment
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Sale 2 - Hickey Rd, Pittman Center - Title Commitment Exceptions
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Sale 2 -
Hickey Rd, Pittman Center - Topo Map
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Sale 2 - Hickey Rd, Pittman Center - Utility Information
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Sale 2 - Hickey Rd, Pittman Center - Zoning Information
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Property #3
Approx. 18.31 Acre Gentlemans Farm - Income Producing
3401 Bohanon Hollow Rd.
Pigeon Forge, TN

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Sub-Divided into 7 Tracts
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Frontage on Bohanon Hollow Rd. & Old Mountain Rd.
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Improved with 1,068 s.f. Home & Barn
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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
Property #4
Approximately 1.06 acres with improvements - Income Producing
730 & 734 Powdermill Road
Gatlinburg, TN

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Includes approx. 1,060 s.f. single family home
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Includes approx. 1,730 s.f. building
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Approx. 132 of frontage on Powdermill Rd.
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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
Property #5
2:30 PM
Commercial Building
722 Powdermill Rd.
Gatlinburg, TN

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Approx. 183 frontage on Powdermill Rd.
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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
Property #6
Residential Building Lot
Located adjacent to Mountain Shadows, Phase II
Gatlinburg, TN
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Frontage on Moody Drive & Mountain Shadow Way
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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
Property #7
Residential Building Lot
Located on Stott Lane, adjacent to Mountain Shadows, Phase II
Gatlinburg, TN
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Frontage on Stott Lane
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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
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. |