Absolute Real Estate Auction – To Be Sold to the Highest Bidder without Minimum or Reservation

AUCTION LOCATIONCarpenter Loop Road & East Coast Tellico Parkway, Greenback, TN

AUCTION DATEOctober 22, 2016

AUCTION TIME 10:30 am

TIME ZONEEST

INSPECTION DATEProperty Can Be Inspected At Any Time

INSPECTION TIMEProperty Can Be Inspected At Any Time

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

Absolute Real Estate Auction

25.19 Acres in Loudon County

Sub-Divided into 5 Tracts (To be Offered Separately & as a Whole)

To Be Sold to the Highest Bidder without Minimum or Reservation

Carpenter Loop Rd. & East Coast Tellico Parkway, Greenback, TN


PROPERTY DETAILS:                       
  • 25.19 Acres of Pristine, Clear Land
  • 5 Tracts, Mostly Cleared, to be Offered Separately and as a Whole
  • Located Just off Tellico Reservoir
  • Frontage on Carpenter Loop Rd. & East Coast Tellico Parkway
  • Utility Water & Sewer Located on East Coast Tellico Parkway
  • Adjoins TVA Land on Northern Property Line
  • Minutes Away from TVA Boat Launch Facility
  • Convenient to Maryville, Loudon & Lenoir City
  • Restrictive Covenants

TERMS


10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due sale date 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.

ZONING


According to Loudon County Planning, the subject property is zoned as follows:
  • A-1: Agricultural/Forestry District

UTILITIES

  • Electricity: Ft. Loudon Electric
  • Water: TASS (Tellico Area Services Systems)
  • Sewer: TASS (Tellico Area Services Systems)
  • Gas: Not Available

TAXES


Estimated Real Estate Taxes: According to the Loudon County, TN Property Assessor’s Office, the estimated real estate taxes for the ENTIRE subject property are as follows:
  • County: $806.68 (total for all property)
    • The approx. 25 acres being auctioned is a portion of a 121 acre tract. The above tax amount is for the entire 121 acre tract.
    • Current year taxes to be pro-rated at closing.
    • Property is currently in Greenbelt, if taken out of Greenbelt, Seller will be responsible for Rollback Taxes

DIRECTIONS
Located at the intersection of East Coast Tellico Parkway and Carpenter Loop Rd., Greenback, TN.

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