v.

Donald A. Whetsell, III, Trent Whetsell, Lakin Whetsell, Braquel Whetsell
City of Knoxville and Knox County, TN (Defendants)
 

No. 178037-1

Saturday, June 2nd, 2012
Sale 1 - 120 Whetsell Lane, Maynardville, TN - 10:30AM
Sale 2 - 505 & 509 Callahan Dr., Knoxville, TN - 12:00PM
Sale 3 - 6853 & 6857 Reddege Rd., Knoxville, TN - 1:00 pm

INSPECTION: SHOWN BY APPOINTMENT

ALL SUCCESSFUL BIDDERS WILL BE REQUIRED TO SIGN A SALES CONTRACT AND A "NOTE FOR PURCHASE MONEY" IMMEDIATELY FOLLOWING THE JUDICIAL SALE. THE "NOTE FOR PURCHASE MONEY" REQUIRES THE SIGNATURE OF A SURETY IN ORDER FOR THEIR BIDS TO BE ACCEPTED/CONFIRMED BY THE COURT. THE SURETY WILL BE OBLIGATED TO PAY THE NOTE IN THE EVENT THE PRINCIPAL DEFAULTS.

EACH SALE TO BE CONDUCTED ON-SITE

Sale 1, (10:30 am):

120 Whetsell Lane, Maynardville, TN - Approximately 40 acres improved with an approximately 2,000 s.f single family home, horse barn and other out-buildings

·         2 Bedrooms, 2 Baths

·         2 Car Garage

·         Built in 1980

·         Large Horse Barn

·         Approximately 40 Acres - approx. 19.5 on southeast side of     Whetsell Rd., approx. 21.5 on northwest side of Whetsell Rd.

·         Peaceful, private setting with security gate

·         Located just off Maynardville Highway at the Knox/Union County line

·         Bull Run Creek, featuring year round water, traverses the property

·         Property features large, stocked pond

·         Hot tub

Directions: In Halls, from the intersection of East Emory Rd & Maynardville Pike, turn left onto Maynardville Pike towards Maynardville and travel approx. 6.5 miles. Turn left onto Hansard Rd. (just past the the Union County line) and travel approx 8/10 mile. Turn right onto Whetsell Lane and travel approx 1/10 mile to property.

Sale 2, (12:00 pm):

505 & 509 Callahan Dr., Knoxville, TN - Approximately 2.95 acres improved with an approximately 1,188 s.f single family home and adjacent approximately 2.86 acre lot, to be offered separately

·         505 Callahan Dr.

o        Improved with approx. 1,188 single family home converted to office

o        Approximately 2.95 Acres

o        Located at interchange of I-75 and Callahan Dr.

o        Located directly across street from UPS Hub

·         509 Callahan Dr.

o        Approximately 2.86 acres adjacent to 505 Callahan Dr.

o        Located at interchange of I-75 & Callahan Dr.

o        Located directly across street from UPS Hub

Directions: In Knoxville, from the intersection of I-75 & Callahan Rd., travel NW on Callahan approx. 1/10 mile to property on right.

Sale 3, (1:00 pm):

6853 & 6857 Reddege Rd., Knoxville, TN - Approximately 0.50 acres improved with an approximately 1,377 s.f single family home and adjacent approximately 0.51 acre lot, to be offered separately

·         6853 Reddege Dr.

o        Improved with approx. 1,377 single family home

o        Approximately 0.50 Acres

o        # Bedrooms, 2 Baths

o        2 Car Garage

o        All brick construction

·         6857 Reddege Rd.

o        Approximately 0.51 acres adjacent to 6853 Reddege Rd.

o        Level lot

Directions: In Knoxville from the intersection of I-75 & Merchants Dr., travel east on Merchants Dr. for 1/10 mile. Turn left onto Central Ave. Pike and travel 6/10 mile. Turn right onto Dry Gap Pike and travel 3.2 miles. Turn right on Cunningham Rd. and travel 9/10 mile. Turn right onto Mulberry Rd. and travel 2/10 mile. Turn left onto Fielden Dr. and make immediate right onto Reddege Rd. Travel 7/10 mile to property on right.

Zoning:
Property 1: No zoning in Union County
Property 2: 505 Callahan, C-4, Highway and Arterial Commercial District 
509 Callahan, A-1, General Agricultural District
Property 3: R-1, Suburban Residential District

Utilities:
Property 1: Water, Electric
Property 2: Water, Electric, Sewer, Gas
Property 3: Water, Electric, Sewer                                                               

Estimated Real Estate Taxes:
Property 1:
Approx. $705.71 annually (property is in Greenbelt)
Property 2:
505 Callahan: Approx. $5,519.86 annually (city & county)
509 Callahan: Approx. $1,033.89 annually (city & county)
Property 3:
6853 Reddege: Approx. $891.49 annually (county only)
6857 Reddege: Approx. $103.84 annually (County only)                    

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 OCCUR WITHIN 20 DAYS AFTER CONFIRMATION OF SALE BY KNOX COUNTY CHANCERY COURT. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed.

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**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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