SOLD – Absolute Real Estate Auction – 111.34 Acres to be Sold to the Highest Bidder without Minimum or Reservation

December 3, 2016

10:30 am

1675 Malone Road Loudon, TN 37774

Open House from 2 - 4 PM

Open House on Sunday November 20

Auction Information

THIS AUCTION HAS ENDED.

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PROPERTY DETAILS:
  • Absolute Real Estate Auction by Order of Probate Court for the Estate of Bonnie Howard
    • Tract 1 - 5.151 Acres
    • Tract 2 - 5.065 Acres
    • Tract 3 - 6.378 Acres
    • Tract 4 - 6.416 Acres
    • Tract 5 - 8.296 Acres
    • Tract 6 - 5.733 Acres
    • Tract 7 - 8.480 Acres
    • Tract 8 - 10.030 Acres with Pond and Barn
    • Tract 9 - 5.044 Acres with Farm House and Barn
    • Tract 10 - 5.024 Acres
    • Tract 11 - 13.603 Acres
    • Tract 12 - 12.383 Acres with Barn
    • Tract 13 - 5.089 Acres with Single Family Home
    • Tract 14 - 5.011 Acres
    • Tract 15 - 8.933 Acres
    • Tract 16 - 8.815 Acres with Pond
  • 111.34 Acres of Pristine Level to Rolling Land, Sub-divided into Tracts to be Offered Separately and as a Whole
  • Improved with Two (2) Single Family Homes
  • Improved with Barn
  • Spring Fed Pond on Property
  • Mix of Pasture & Wooded Acreage
  • Utility Water Available
  • Frontage on Malone Road and Watkins Road

PAYMENT 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.  Square footage and acreage is believed to be accurate, but not guaranteed.  This property is sold “as is, where is” with all faults, with no warranties either implied or expressed except warranty of title.  Note:  Homes built before 1978 may contain lead-based paint.

ZONING


The subject property is zoned as follows:
  • A-2: Rural Residential

UTILITIES

  • Electricity: Loudon Utilities Board
  • Water: Loudon Utilities Board
  • Sewer: Not Available
  • Gas: Loudon Utilities Board

TAXES


Estimated Real Estate Taxes: The property is currently assess as three (3) separate tax parcels.
  • Estimated County Taxes:  $1,553.42 (total for all property)
    • Current year taxes to be pro-rated at closing.
    • Back taxes (if applicable) will be paid by seller.
    • Property is currently in Greenbelt, if taken off Greenbelt, seller will be responsible for Rollback Taxes

DIRECTIONS
Take I-75 towards Chattanooga.  Take exit 72 for TN-72 toward Loudon.  Take a left onto TN-72 E/Loudon Hwy.  Turn right onto Malone Road.  Location will be at the intersection of Malone Road and Watkins Road.

Organizers

Contact Information

Rob Strickland or Chuck Fisher, 865-546-3206

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