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 2nd, 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
- 1st Level Unit
- Overlooks Pool
- Unit 207
- 2 Bedroom, 2 Bath
- Gas Fireplace
- Private Balcony
- 2nd Level Unit
- Overlooks Pool
- Unit 402
- 1 Bedroom, 1 Bath
- Gas Fireplace
- Private Balcony
- 4th Level Unit
- Overlooks Pool with Mountain Views
- Unit 511
- 1 Bedroom, 1 Bath
- Gas Fireplace
- Private Balcony
- 5th 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.
ESTIMATED REAL ESTATE TAXES
- 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.
HOA Fees:
- 1 Bedroom Units: $112 Monthly
- 2 Bedroom Units: $155 Monthly
ZONING
According to the City of Gatlinburg Planning Department, the subject property is zoned as follows: C-2, General Business District
DIRECTIONS
From Gatlinburg at Light # 6 Turn onto Cherokee Orchard and travel one Block. Turn left onto Baskins Creek Rd. Complex will be on your immediate right.
