ABSOLUTE AUCTION – 101.39 ACRE TRACT – TO BE SUBDIVIDED INTO 5 TRACTS

ABSOLUTE REAL ESTATE AUCTION

101.39 Acre Tract - To Be Subdivided into 5 Tracts

Offered Separately and as a Whole

AUCTION: Thursday, July 9th, 2020 at 12:00PM

Auction to be Conducted from Lenoir City Church of Christ, 1280 Simpson Rd., Lenoir City, TN 37771

INSPECTION: PROPERTY CAN BE VIEWED AT ANY TIME

• Approx. 101.39 Acre Tract - To be Subdivided into 5 Tracts and offered separately and as a whole
  • Frontage on Simpson Rd. & Myers Rd.
    • Simpson Rd.: Approx. 1,483 Feet
    • Myers Rd.: Approx. 903 Feet
  • Gently Rolling to Steep Terrain
  • Located less than 0.25 miles off Hwy 321
  • All Utilities Available
  • Convenient to I-40
  • Great Location Lends Itself to Multiple Development Possibilities
    • Single Family
    • Multi Family
    • Senior Care
    • Hospitality
    • Retail
  • Tract 1 - 25.62 Acres
  • Tract 2 - 27.00 Acres
  • Tract 3 - 13.38 Acres
  • Tract 4 - 18.93 Acres
  • Tract 5 - 16.47 Acres

Principal Broker License #26

EAST TENNESSEE LAND EXPERTS SELLING FOR TOP DOLLAR

• 10% Buyers Premium.  The successful bidders will deposit 10% of the purchase price (including Buyers 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 within 20 days.

• Lenoir City Land Broker Participation Form

• Aerial Image - 101.39 Acres
• Declaration of Easement & Maintenance Agreement
• Flood Map - 101.39 Acres
• Plat Map - Subdivided into 5 Tracts
• Property Report(s) - 101.39 Acres
• R-1 Zoning Ordinance (Lenoir City)
• Sample Deed
• School Information
• Tax Information
• Tax Map - 101.39 Acres
• Title Commitment
• Topo Map - 101.39 Acres
• Utility Information
• Utility Map
• Zoning Information
• Zoning Map

• R-1: Low Density Residential District (Lenoir City)

• Loudon County: $3,165.42 (approx.)
• Lenoir City: $1,990.00 (approx.)

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

*Any and All Back/Delinquent taxes will be paid by seller.*

*Rollback Taxes (if applicable) will be paid by seller.*

• Elementary: Highland Park Elementary School
• Middle: North Middle School
• High: Lenoir City High School

• Electric: LCUB  
• Water: LCUB  
• Sewer: LCUB  
• Gas: LCUB  

• Located at the intersection of Old Hwy 95 & Simpson Rd.