SOLD – Absolute Real Estate Auction: Approx. 20.77 Acres on Lake Loudon

THIS AUCTION HAS ENDED.

Absolute Real Estate Auction

To Be Sold to the Highest Bidder without Minimum or Reservation

Approx. 20.77 Acres on Lake Loudon

Sub-Divided into Tracts

Rankin Ferry Loop, Louisville, TN

Auction Details:

• 20.77 Acres (comprised of 5 tax parcels)
• Clear and Level
• Unimproved
• Over 700’ Frontage on Lake Loudon
• Dockable Water (per TVA)
• Frontage on Rankin Ferry Loop
• Ideal for Residential Development or Lakefront Estate
• Located between Upscale Lakefront Communities of Jackson Bend & Lashbrook
• Convenient to Knoxville, Maryville and Airport

TERMS

10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due the day of sale 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.

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2% Broker Participation Available: Preregistration is required 24 hours in advance of Auction.

ZONING

R-1 - Residential & Agriculture (City of Louisville)

UTILITIES

• Electric: Alcoa Electric
• Water: South Blount Utility District
• Sewer: N/A
• Natural Gas: N/A

TAXES

Estimated Annual Real Estate Taxes:

• Estimated Annual Blount County Real Estate Taxes: $8,732.77 (Total for 5 Parcels)

PROPERTY DOCUMENTS

• Rankins Loop.Aerial Image
• Rankins Loop.Flood Map
• Rankins Loop.Property Report 1
• Rankins Loop.Property Report 2
• Rankins Loop.Property Report 3
• Rankins Loop.Property Report 4
• Rankins Loop.Property Report 5
• Rankins Loop.Rankin Ferry Tax Map
• Rankins Loop.Recorded Plat (portion of land comprising 3 of 5 parcels)
• Rankins Loop.School Information
• Rankins Loop.Tax Information
• Rankins Loop.TVA Email Confirming Water Usage Rights
• Rankins Loop.Utility Information
• Rankins Loop.Zoning Information

SCHOOL INFORMATION

According to Blount County Schools, the subject property is zoned for the following schools:

• Middlesettlements Elementary
• Eagleton Middle
• William Blount High

For more information, please contact the Blount County Schools at (865) 984-1212 or visit them at http://www.blountk12.org/.

DIRECTIONS In Knoxville, at intersection of Alcoa Highway and Topside Rd., travel west on Topside Rd. approx. 4.2 miles. Turn right onto Old Topside Rd. and travel approx. 0.58 miles. Turn right onto Louisville Boatdock Rd. and travel approx. 0.27 miles. Bear slightly right onto Rankin Ferry Loop and travel approx. 1.3 miles to property on left.