Sale Pending Auction Canceled – Absolute Real Estate Auction – Four Income Producing Condominiums in Olde Gatlinburg Place

SALE PENDING - AUCTION CANCELED

Absolute Real Estate Auction

Four Income Producing Condominiums in Olde Gatlinburg Place

Two 2 BR (Units 101 & 207), Two 1 BR (Units 402 & 511)

306 Baskins Creek Rd., Gatlinburg, TN 37738

AUCTION DATE/TIME: Saturday, June 2^nd, 10:30 am

Auction To Be Held ON-SITE

INSPECTION DATE/TIMES:

Saturday, May 19, 12:00 pm – 4:00 pm

Sunday, May 20, 12:00 pm – 4:00 pm

Thursday, May 31, 10:00am – 2:00 pm

Friday, June 1, 10:00 am – 2:00 pm

PRE-AUCTION OFFERS WILL BE ACCEPTED AND CONSIDERED

Bid Live and On-Line

PROPERTY DETAILS:                       

• 4 Units Available
• Two 2 Bedroom, 2 Bath Units (Units 101 & 207)
• Two 1 Bedroom, 1 Bath Units (Units 402 & 511)
• Income Producing
• Active HOA with Ample Funds
• All Units within Walking Distance of All Gatlinburg Attractions, 1 Block off Strip
• Rare Opportunity to Own Income Producing Property in the Popular Tourism Mecca of Gatlinburg, TN
  • Unit 101
    • 2 Bedroom, 2 Bath
    • Gas Fireplace
    • Private Balcony
    • 1^st Level Unit
    • Overlooks Pool
  • Unit 207
    • 2 Bedroom, 2 Bath
    • Gas Fireplace
    • Private Balcony
    • 2^nd  Level Unit
    • Overlooks Pool
  • Unit 402
    • 1 Bedroom, 1 Bath
    • Gas Fireplace
    • Private Balcony
    • 4^th Level Unit
    • Overlooks Pool with Mountain Views
  • Unit 511
    • 1 Bedroom, 1 Bath
    • Gas Fireplace
    • Private Balcony
    • 5^th Level Unit
    • Overlooks Pool with Mountain Views

 TN License #62

PAYMENT TERMS

• Buyer's Premium 10% On-Site, 10% Online
• 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 SALE DATE. NO EXTENSIONS AVAILABLE.

UTILITIES

• Electricity: Sevier County Electric
  • Each unit is individually metered for electric and owner of the unit is responsible for the monthly electric bill
• Water: City of Gatlinburg
  • Each unit is NOT individually metered for water and water service is covered under your monthly Condo Association Fee.
• Sewer: City of Gatlinburg
  • Each unit is NOT individually metered for water and water service is covered under your monthly Condo Association Fee.
• Gas: Sevier County Utility District
  • Each unit is NOT individually gas and gas service is covered under your monthly Condo Association Fee.
  • Each unit is heated and cooled with electric units. The gas service only services the fireplaces in each unit.

• Unit 101
  • County: $494.76
  • City: $42.35
• Unit 207
  • County: $791.62
  • City: $67.76
• Unit 402
  • County: $597.43
  • City: $51.14
• Unit 511
  • County: $597.43
  • City: $51.14

Taxes to be pro-rated at closing.

• 1 Bedroom Units: $112 Monthly
• 2 Bedroom Units: $155 Monthly

PROPERTY DOCUMENTS

• Aerial Image
• Appraisal - Unit 101
• Appraisal - Unit 207
• Appraisal - Unit 402
• Appraisal - Unit 511
• C-2 Zoning Ordinance (City of Gatlinburg)
• HOA Information
• Homeowners Association Budget
• FAQ Olde Gatlinburg Place
• P & L Statement
• Pre Auction Sales Contract for Unit 402 Olde Gatlinburg Place Condo
• Pre Auction Sales Contract for Unit 511 Olde Gatlinburg Place Condo
• Pre Auction Sales Contract for Unit 101 Olde Gatlinburg Place Condo
• Pre Auction Sales Contract for Unit 207 Olde Gatlinburg Place Condo
• Property Report - Unit 101
• Property Report - Unit 207
• Property Report - Unit 402
• Property Report - Unit 511
• Sample Deed - Unit 101
• Sample Deed - Unit 207
• Sample Deed - Unit 402
• Sample Deed - Unit 511
• Set Back Table (City of Gatlinburg)
• Tax Information
• Tax Map
• Title Commitment - Unit 101
• Title Commitment - Unit 207
• Title Commitment - Unit 402
• Title Commitment - Unit 511
• Title Commitment Exception Documents
• Utility Information
• Zoning Information
• Zoning Map (City of Gatlinburg)