SOLD – Absolute Auction – 7 Cabins, Multi-Use Building, & Residential Lot in Townsend

THIS AUCTION HAS ENDED.

To Be Sold To The Highest Bidder Without Minimum or Reservation

To Be Sold Individually

Property One: Approx. 2,000 sq. ft. Building

• 3.77 Acre Lot
• Large Roll Up Door (14’ x 16’)
• Ideal for Storage of Farm Equipment or RV/Motor Home
• Conveniently Located Just ¼ Mile off Hwy 321 in Townsend

Property Two: 7 Cabins

• Two 1 BR, 1 BA
• Four 2 BR, 1 BA
• One 3 BR, 2 BA
• 4.95 Acre Lot
• Three BR Cabin Currently Occupied and Rented for $700 monthly (long term tenant – 10+ Years)
• Ideal for Rentals
• Conveniently Located Just Minutes from Townsend and the Great Smoky Mountains National Park
• Located Just 1/4 Mile off Hwy. 321 in Townsend

*Note: One of the cabins is currently occupied. Occupant would like to stay in cabin and is willing to pay reasonable rent. Property Three: Approx. 1.95 Acre Lot

• Adjoins Cabin Tract
• Located Just ¼ Mile off Hwy 321 in Townsend

Bobcat 720 to be sold immediately following real estate:

• Hydrostatic Drive
• LP Gas
• Wisconsin Robin Engine
• Tooth Bucket
• DOES NOT RUN

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.**

Property One: (Approx. 2,000 s.f. building situated on 3.77 Acres) - $297.24 Property Two: (7 Cabins situated on 4.95 Acres) - $2,319.85 Property Three: (Approx. 1.98 Acre Lot) - $538.04

All Properties are Zoned R1 – Rural District 1 (Blount County)

• Electric: Electric service is available from City of Alcoa
• Water: Water is available (to Cabins Only) via a Private System
• Sewer: Sewer is not available (Cabins are on Septic Systems)
• Gas: Gas is not available

• Townsend Elementary
• Heritage Middle
• Heritage High

• Map of Record from 2010
• Property One (2,000 sf building on 3.77 acres) Aerial Image
• Property One (2,000 sf building on 3.77 acres) Property Report
• Property Two (7 cabins on 4.95 acres) Aerial Image
• Property Two (7 cabins on 4.95 acres) Property Report
• Property Three (1.98 acre lot) Aerial Image
• Property Three (1.98 acre lot) Property Report
• Tax Information
• Title Commitment - Property One
• Title Commitment - Property(s) Two & Three
• Title Commitment Exception Documents - Property One
• Title Commitment Exception Documents - Property(s) Two & Three
• Utility Information
• Zoning Information