SOLD – Sale 2 of 6: Absolute Auction – Approx. 3.09 Acres on Norris Lake

THIS AUCTION HAS ENDED.

To Be Sold To The Highest Bidder Without Minimum or Reservation.

Property located at off Black Fox Road, Grainger County, TN

Auction to be conducted at 401 Helton Lane, New Tazewell, TN

• 3.9 Acres
• Over 1,000 Feet of Lake Frontage
• Surrounded on Three Sides by Lake Norris
• Approx. 164 Feet Frontage on Black Fox Rd.
• Flat, Level Tract
• Private and Secluded
• Perfect Location for Lake Home or Private Lake Access
• 2% Broker Participation available for this auction. Preregistration at least 24 hours before auction is required.
• Bank Financing Available

Terms: 10% Buyer’s Premium. Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) on sale day in the form of cash, certified check or wire, personal or company check. A real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS OF SALE. NO EXTENSIONS. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed. THIS PROPERTY SOLD IN IT’S “AS IS, WHERE IS WITH ALL FAULTS” CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. **All square footage and acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

There is a 2% Broker Participation available for this auction. Preregistration at least 24 hours before auction is required.

Helton Prop Sale 2 broker Ltr 11-7-14

Contact: Shelia Bailey

Relationship Banker Citizens Bank 130 South Broad St New Tazewell TN 37825 (423)526-5088 fax (423)526-5433 Financing - Sale 2

Property is located in Grainger County and not subject to any zoning regulations.

Grainger County Taxes: $607.50

Buyer is responsible for pro-rated share of current year property taxes.

Any and all back/delinquent taxes will be paid by seller.

• Electric: Knoxville Utilities Board
• Water: N/A
• Sewer: N/A
• Gas: N/A

Washburn School (K-12)

• About Norris Reservoir
• Aerial Image
• Email from TVA Confirming Property Has Necessary Water Usage Rights to Apply for Dock
• Norris Lake Map (with Property Identified)
• Property Report
• Recorded Plat
• Sale Two - Sample Warranty Deed
• Sale Two - Title Commitment
• Sale Two - Title Commitment Exception Documents
• School Information
• Tax Information
• Utility Information
• Zoning Information

In Maynardville, from the intersection of Maynardville Hwy & Hickory Star Rd. (144), take Maynardville Hwy northwest approx. 8.6 miles. Turn right onto Hickory Valley Rd. and travel approx. 1.9 miles. Turn left onto Walker Ford Rd. and travel approx. 1 mile. Turn left onto Black Fox Rd. and travel approx. 2.9 miles to property on left.

• Sale 1: 53 Acres on Norris Lake Subdivided Into 5 Tracts
• Sale 2: Approx. 3.09 Acres on Norris Lake
• Sale 3: Approx. 109 Acres Commercial/Development Land
• Sale 4: Approx. 4,000 sq. ft. Home on 17 Acres
• Sale 5: Approx. 20.75 Acres in Claiborne County
• Sale 6: Approx. 45 Acres off Leadmine Bend/Walker Road