SOLD – Absolute Real Estate Auction – Multi-Use Building on Corner Lot

AUCTION LOCATION432 E Morelia Ave. Knoxville, TN

AUCTION DATEMay 26, 2016

AUCTION TIME 12:00 pm

TIME ZONEEST

INSPECTION DATEPlease call for an appointment to view.

INSPECTION TIMEPlease call for an appointment to view.

CONTACTChuck Fisher or Rob Strickland 865.546.3206

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Auction Information

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Absolute Real Estate Auction
Multi-Use Building on Corner Lot
432 E Morelia Ave., Knoxville, TN
Property Details:
  • 3,000 s.f. (Two Buildings)
  • Located on Large Corner Lot (100’ x 150’)
  • Frontage on Morelia Ave. & Harvey St.
  • Centrally Located just 4 Blocks off N Central St.
Terms
10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due on 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.
Tax Information
Approx. City of Knoxville Taxes: $568.04
Approx. Knox County Taxes: $483.49
Zoning
R-2 with IH-1: General Residential with Infill Housing
Utility Information
Electricity: Knoxville Utilities Board
Single-phase electric up to 400 amp service is available to the property. There is no cost associated with setting up single-phase electric, but for any upgrade or meter center size increase KUB will have to inspect the property and give an estimate. KUB will provide an estimate on any deposits or service charges.
Water: Knoxville Utilities Board
Utility water is available to the property. According to KUB, there is no cost associated with reworking the three-quarter inch meter to provide water to the property. KUB will then estimate the deposit and service charge for setting up water service.
Sewer: Knoxville Utilities Board
The current sewer line for the property has been condemned. KUB will need to install a new sewer line; the cost for this line will be determined based on its measurements. KUB estimates that the cost will likely be around $3500 to rework the sewer line. Any additional service charges or deposits can be estimated by KUB but will be determined once the sewer is reworked.
Gas: Knoxville Utilities Board
There are currently gas mains on E Morelia Ave and Harvey Street that could be connected to the property. KUB will have to measure these gas lines to determine the cost to set up service. Any additional fees will be determined by the amount of gas that the property owner plans on using. KUB estimates that the cost would likely be around $1500-$2000, but that there would be potential opportunities to lessen that cost.
Directions
In Knoxville, at the intersection of Central St. & Morelia Ave., travel east on Morelia Ave. for 4 blocks to property on right at intersection of Morelia Ave. & Harvey St.
 

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