Absolute Real Estate Auction – To Be Sold to the Highest Bidder without Minimum or Reservation

Absolute Real Estate Auction

25.19 Acres in Loudon County

Sub-Divided into 5 Tracts (To be Offered Separately & as a Whole)

To Be Sold to the Highest Bidder without Minimum or Reservation

Carpenter Loop Rd. & East Coast Tellico Parkway, Greenback, TN

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PROPERTY DETAILS:                       

• 25.19 Acres of Pristine, Clear Land
• 5 Tracts, Mostly Cleared, to be Offered Separately and as a Whole
• Located Just off Tellico Reservoir
• Frontage on Carpenter Loop Rd. & East Coast Tellico Parkway
• Utility Water & Sewer Located on East Coast Tellico Parkway
• Adjoins TVA Land on Northern Property Line
• Minutes Away from TVA Boat Launch Facility
• Convenient to Maryville, Loudon & Lenoir City
• Restrictive Covenants

TERMS

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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.

ZONING

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According to Loudon County Planning, the subject property is zoned as follows:

• A-1: Agricultural/Forestry District

UTILITIES

• Electricity: Ft. Loudon Electric
• Water: TASS (Tellico Area Services Systems)
• Sewer: TASS (Tellico Area Services Systems)
• Gas: Not Available

TAXES

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Estimated Real Estate Taxes: According to the Loudon County, TN Property Assessor’s Office, the estimated real estate taxes for the ENTIRE subject property are as follows:

• County: $806.68 (total for all property)
  • The approx. 25 acres being auctioned is a portion of a 121 acre tract. The above tax amount is for the entire 121 acre tract.
  • Current year taxes to be pro-rated at closing.
  • Property is currently in Greenbelt, if taken out of Greenbelt, Seller will be responsible for Rollback Taxes

PROPERTY DOCUMENTS

• Carpenter Loop Road - Aerial Image
• Carpenter Loop Road - FEMA Flood Map
• Carpenter Loop Road - Final Plat (Revised)
• Carpenter Loop Road - Loudon County A-1 Zoning Ordinance
• Carpenter Loop Road - Map Showing Location of 25 Acres Being Sold
• Carpenter Loop Road - Property Report
• Carpenter Loop Road - Proposed Order of Sale (Revised)
• Carpenter Loop Road - Proposed Restrictions (Revised)
• Carpenter Loop Road - Tax Information
• Carpenter Loop Road - Title Commitment
• Carpenter Loop Road - Title Commitment Exception Documents
• Carpenter Loop Road - Utility Information
• Carpenter Loop Road - Warranty Deed
• Carpenter Loop Road - Zoning Information

DIRECTIONS

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Located at the intersection of East Coast Tellico Parkway and Carpenter Loop Rd., Greenback, TN.