REAL ESTATE AUCTION – Approx. 10.55 Acres to be Sold in Two Tracts

November 16, 2018

10:00 am

Davy Crockett Pkwy (25E) & Morelock Rd., Morristown, TN 37814

see above

Property Can Be Viewed At Any Time

Auctions Information

REAL ESTATE AUCTION

The Estate of Patricia Jenkins & The Kenneth Jenkins Trust

Approx. 10.55 Acres to be Sold in Two Tracts

Davy Crockett Pkwy (25E) & Morelock Rd. (Auction to be Conducted On-Site)

AUCTION DATE/TIME: Friday, November 16th at 10:00am

INSPECTION DATE/TIMES: Property Can Be Viewed at Any Time

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SALE 1

Sale 1: Approx. 3.5 Acre Development Lot
  • Approx. 305 Acres (tax parcel 025 159.15 & 025 156.08)
  • Approx. 330 Feet Frontage on Davy Crockett Pkwy
  • Located in the City & County, Zoned R-2 (2.6 acres in City), R-1 (.9 acres in the county)
  • Convenient to I-81

SALE 1A

Sale 1A: Approx. 7.05 Acre Development Lot
  • Approx. 7.05 Acres (tax parcel 025 156.11)
  • Barn on Property
  • Located in the Country, Zoned R-1
  • Convenient to I-81

 TN License #62

PAYMENT TERMS


  • 10% Buyers Premium.  The successful bidders will deposit 10% of the purchase price (earnest money) 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. 

UTILITIES


  • Electricity: Available
  • Water: Available
  • Sewer: Available
  • Gas: N/A

ESTIMATED REAL ESTATE TAXES
  • Sale 1:
    • $967.80 (City of Morristown)
    • $1,638.44 (Hamblen County)
  • Sale 1A:
    • $365.17 (Hamblen County)

  • *Current year taxes will be pro-rated at closing.*
  • *Back/Delinquent taxes (if applicable) will be paid by seller.*

 ZONING
  • Sale 1:  Split Zoning,  R-2, Medium Density Residential (City of Morristown), Rural Residential District (Hamblen County)
  • Sale 1A: Zoned R-1, Rural Residential (Hamblen County)

DIRECTIONS
Located at the intersection of Davy Crockett Pkwy (25E) and Morelock Rd. in Morristown.

Organizers

Contact Information

Rob Strickland or Chuck Fisher 865.546.3206

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