SOLD – SOLD! AUCTION CANCELED – 249 Acres Improved With 2 Homes, Subdivided 14 Into Tracts

THIS AUCTION HAS ENDED.

To Be Sold To The Highest Bidder Without Minimum or Reservation.

SOLD! AUCTION CANCELED

• Approx. 249 Acres, Subdivided Into 14 Tracts (Currently Comprised of Two Tax Parcels) • 2% Broker Participation Available - pre-registration required • Improved with an Approx. 3,525 sq. ft. Basement Rancher

• Located at 951 Smith School Rd.
• 4 Bedrooms, 4.5 Baths
• In-ground, Kidney Shaped Gunite Pool
• Pool House
• Gated Entrance
• Built in 1972

• Improved with an Approx. 1,920 sq. ft. Farm House

• Located at 9804 Will Merritt Rd.
• 2 Bedrooms, 1 Bath
• Built in 1910

• 2 Lakes on Property

• 8.65 Acre Lake
• 1.66 Acre Lake

• Mixture of Rolling Pasture & Woodlands • Limestone Creek Meanders through Property • Conveniently Located Less Than One Mile off I-40 • Ideal for Residential Development, Recreational Use or Farming

• Tract 1: 18.32 Acres
• Tract 2: 19.352 Acres
•  Tract 3: 6.182 Acres
•  Tract 4: 13.872 Acres w Main House
• Tract 5: 5.043 Acres
• Tract 6: 12.333 Acres
• Tract 7: 17.23 Acres
• Tract 8: 12.85 Acres
• Tract 9: 68.68 Acres
• Tract 10: 23.40 Acres
• Tract 11: 21.25 Acres
• Tract 12: 19.50 Acres
• Tract 13: 6.66 Acres with Farm House
• Tract 14: 5.274 Acres

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. A real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS OF SALE. NO EXTENSIONS. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed. THIS PROPERTY SOLD IN IT’S “AS IS, WHERE IS WITH ALL FAULTS” CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. **All square footage and acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

Annual Knox County Taxes: $3,064.72 (Tax Map 87, Parcel 41); $1,469.72 (Tax Map 86, Parcel 148) Total: $4,534.44 for all properties Property is currently in Greenbelt Program

PR - Planned Residential (Knox County)

• Electric: Knoxville Utilities Board
• Water: Existing Homes are currently served by well water. Closest KUB utility water is at intersection of Midway Rd. & Will Merritt Rd, as well as intersection of Smith School Rd. & Thorngrove Pike.
• Sewer: Not Available. Existing Homes are on Septic Systems
• Gas: Not Available

• Joppa Elementary
• Rutledge Middle
• Grainger High

• Aerial Images
• Declaration of Lake Maintenance Agreement
• Easement for Tracts 6, 7, 8, 9 & 10
• Farm Credit Special Financing Flyer - Smith School Rd
• Documents Referenced in Title Commitment Exceptions
• Flood Maps
• Greenbelt Information
• KGIS Property Map & Detail Reports
• Knox County PR Zoning Ordinance
• List of Tracts with Acreage Amounts
• Property Reports
• Proposed Order of Sale
• Proposed Restrictions
• Recorded Plat - Smith School Rd
• Revised Sample Deed
• Revised Title Commitment
• Sample Bidder Card
• School Information
• Soil Map
• Tax Information
• Tax Maps
• Topo Map
• Utility Information
• Zoning Information
• Zoning Map

There is a 2% Broker Participation available for this auction. Pre-registration required.

Broker Participation Letter