Sale Pending Auction Canceled – Absolute Real Estate Auction – Four Income Producing Condominiums in Olde Gatlinburg Place

AUCTION LOCATION306 Baskins Creek Rd., Gatlinburg, TN 37738

AUCTION DATEJune 2, 2018

AUCTION TIME 10:30 am

TIME ZONEEST

INSPECTION DATEVarious Dates - see below

INSPECTION TIMEVarious Times - see below

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

SALE PENDING - AUCTION CANCELED

Absolute Real Estate Auction

Four Income Producing Condominiums in Olde Gatlinburg Place

Two 2 BR (Units 101 & 207), Two 1 BR (Units 402 & 511)

306 Baskins Creek Rd., Gatlinburg, TN 37738

AUCTION DATE/TIME: Saturday, June 2nd, 10:30 am

Auction To Be Held ON-SITE

INSPECTION DATE/TIMES:

Saturday, May 19, 12:00 pm – 4:00 pm

Sunday, May 20, 12:00 pm – 4:00 pm

Thursday, May 31, 10:00am – 2:00 pm

Friday, June 1, 10:00 am – 2:00 pm

PRE-AUCTION OFFERS WILL BE ACCEPTED AND CONSIDERED

Bid Live and On-Line

PROPERTY DETAILS:                       

  • 4 Units Available
  • Two 2 Bedroom, 2 Bath Units (Units 101 & 207)
  • Two 1 Bedroom, 1 Bath Units (Units 402 & 511)
  • Income Producing
  • Active HOA with Ample Funds
  • All Units within Walking Distance of All Gatlinburg Attractions, 1 Block off Strip
  • Rare Opportunity to Own Income Producing Property in the Popular Tourism Mecca of Gatlinburg, TN
    • Unit 101
      • 2 Bedroom, 2 Bath
      • Gas Fireplace
      • Private Balcony
      • 1st Level Unit
      • Overlooks Pool
    • Unit 207
      • 2 Bedroom, 2 Bath
      • Gas Fireplace
      • Private Balcony
      • 2nd  Level Unit
      • Overlooks Pool
    • Unit 402
      • 1 Bedroom, 1 Bath
      • Gas Fireplace
      • Private Balcony
      • 4th Level Unit
      • Overlooks Pool with Mountain Views
    • Unit 511
      • 1 Bedroom, 1 Bath
      • Gas Fireplace
      • Private Balcony
      • 5th Level Unit
      • Overlooks Pool with Mountain Views

 TN License #62

PAYMENT TERMS


  • Buyer's Premium 10% On-Site, 10% Online
  • Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due sale day 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.

UTILITIES


  • Electricity: Sevier County Electric
    • Each unit is individually metered for electric and owner of the unit is responsible for the monthly electric bill
  • Water: City of Gatlinburg
    • Each unit is NOT individually metered for water and water service is covered under your monthly Condo Association Fee.
  • Sewer: City of Gatlinburg
    • Each unit is NOT individually metered for water and water service is covered under your monthly Condo Association Fee.
  • Gas: Sevier County Utility District
    • Each unit is NOT individually gas and gas service is covered under your monthly Condo Association Fee.
    • Each unit is heated and cooled with electric units. The gas service only services the fireplaces in each unit.

ESTIMATED REAL ESTATE TAXES
  • Unit 101
    • County: $494.76
    • City: $42.35
  • Unit 207
    • County: $791.62
    • City: $67.76
  • Unit 402
    • County: $597.43
    • City: $51.14
  • Unit 511
    • County: $597.43
    • City: $51.14

Taxes to be pro-rated at closing.

 HOA Fees:
  • 1 Bedroom Units: $112 Monthly
  • 2 Bedroom Units: $155 Monthly

 ZONING
According to the City of Gatlinburg  Planning Department, the subject property is zoned as follows: C-2, General Business District

DIRECTIONS
From Gatlinburg at Light # 6 Turn onto Cherokee Orchard and travel one Block. Turn left onto Baskins Creek Rd. Complex will be on your immediate right.

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