SOLD – Sale 4 – Court Ordered Real Estate Auction – 5120 Schubert Road, Knoxville

October 1, 2016

12:15 pm

5120 Schubert Road, Knoxville, TN 37912

1:00PM - 4:00PM

Friday, September 30th, 2016

Auction Information



Court Ordered Real Estate Auction

Subject to Knox County Chancery Court

Living Estate of Betty L. Butterworth

Auction Date/Time: Saturday, October 1st, 2016 at 12:15PM

Inspection Date/Time: Friday, September 30th, 2016 from 1:00PM - 4:00PM

  Property Details:                
  • 2 Bedrooms, 1 Bath
  • 866 S. F.
  • 100’ x 170’ Lot
  • Convenient Location just off Merchants Drive
  • Single Car Carport
  • Built in 1950
  • Convenient North Knoxville Location
  • Per Knoxville Metropolitan Planning Commission, this property cold qualify for Commercial Zoning.


10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) 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.  CLOSING MUST OCCUR WITHIN 20 DAYS OF COURT CONFIRMATION DATE, WHICH IS SCHEDULED FOR TUESDAY, OCTOBER 4TH. NO EXTENSIONS AVAILABLE.


Utilities Available:  
  • Electric: KUB
  • Water: KUB
  • Sewer: KUB
  • Gas: KUB (available but not currently connected)


Estimated Real Estate Taxes:
  • Approx. City of Knoxville Taxes: $470.18
  • Approx. Knox County Taxes: $400.00
Current year taxes will be pro-rated as of closing.


R-1A, Low Density Residential District (City of Knoxville)


According to Knox County Schools, the subject property is zoned for the following schools:
  • Norwood Elementary
  • Northwest Middle
  • Powell High


To follow.


Contact Information

Rob Strickland or Chuck Fisher 865.546.3206

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