ABSOLUTE REAL ESTATE AUCTION – Approx. 10.5 Acres to be Sold in Two Tracts

AUCTION LOCATIONDavy Crockett Pkwy (25E) & Clinchview Dr., Morristown, TN 37814

AUCTION DATENovember 16, 2018

AUCTION TIME 10:00 am

TIME ZONEEST

INSPECTION DATEProperty Can Be Viewed At Any Time

INSPECTION TIMEsee above

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

ABSOLUTE REAL ESTATE AUCTION

Kenneth E Jenkins Administrative Trust

Approx. 10.5 Acres to be Sold in Two Tracts

Davy Crockett Pkwy (25E) & Clinchview Dr. (Auction to be conducted on-site)

AUCTION DATE/TIME: Friday, November 16th at 10:00am

INSPECTION DATE/TIMES: Property Can Be Viewed at Any Time

BID LIVE & ON-LINE

SALE 1

Sale 1: Approx. 3.5 Acre Development Lot
  • Approx. 3.5 Acres (two tax parcels)
  • Approx. 330 Feet Frontage on Davy Crockett Pkwy
  • Ideal for Multi-Family or Potential Commercial Development
  • Convenient to I-81

SALE 1A

Sale 1A: Approx. 7.05 Acre Development Lot
  • Approx. 7.05 Acres
  • Barn on Property
  • Ideal for Multi-Family or Potential Commercial Development
  • Convenient to I-81

 TN License #62

PAYMENT TERMS


  • 10% Buyers Premium.  The successful bidders will deposit 10% of the purchase price (earnest money) 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. 

UTILITIES


  • Electricity: Available
  • Water: Available
  • Sewer: Available
  • Gas: N/A

ESTIMATED REAL ESTATE TAXES
Sale 1:
  • $1,638.34 (Hamblen County)
  • $967.80 (City of Morristown)
Sale 1A:
  • $365.17 (Hamblen County)
*Current year taxes will be pro-rated at closing.* *Back/Delinquent taxes (if applicable) will be paid by seller.*

 ZONING
Sale 1 (Split Zoning):
  • R-2, Medium Density Residential (City of Morristown)
  • R-1, Rural Residential District (Hamblen County)
Sale 1A:
  • R-1, Rural Residential District (Hamblen County)

DIRECTIONS
Located at the intersection of Davy Crockett Pkwy (25E) and Clinchview Dr. in Morristown.

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