ABSOLUTE AUCTION – 18 Lots in Lake Norris Landing

ABSOLUTE AUCTION - 18 Lots in Lake Norris Landing

Marina Landing Way, Claiborne County, TN 37879

AUCTION DATE/TIME: Saturday, June 22^nd at 2:30pm

Auction to be Conducted from Lot 1, at the end of the Cul-De-Sac on Windward Blvd

INSPECTION: Properties can be inspected at any time

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• 18 LOTS: (15) Interior Lots, (2) Lakefront Lots, (1) 25 Acre Lakefront Bluff Tract
  • Lot 83, Lake Norris Landing Phase 4: 2.2 Acres, Lakefront
  • Lot 69, Lake Norris Landing Phase 3: 1.11 Acres
  • Lot 70, Lake Norris Landing Phase 3: 1.08 Acres
  • Lot 71, Lake Norris Landing Phase 3: 1.09 Acres
  • Lot 72, Lake Norris Landing Phase 3: 1.04 Acres
  • Lot 73, Lake Norris Landing Phase 3: 1.11 Acres
  • Lot 86R, Lake Norris Landing Phase 3: 20.13 Acres, Lakefront
  • Lot 101R, Lake Norris Landing Phase 3: 0.99 Acres
  • Lot 102R, Lake Norris Landing Phase 3: 4.59 Acres
  • Lot 56, Lake Norris Landing Phase 2: 1.65 Acres
  • Lot 57, Lake Norris Landing Phase 2: 2.21 Acres
  • Lot 58, Lake Norris Landing Phase 2: 1.52 Acres
  • Lot 61, Lake Norris Landing Phase 2: 1.80 Acres
  • Lot 64, Lake Norris Landing Phase 2: 1.63 Acres
  • Lot 65, Lake Norris Landing Phase 2: 1.86 Acres
  • Lot 1, Lake Norris Landing Phase 1: 0.73 Acres, Lakefront
  • Lot 42, Lake Norris Landing Phase 1: 0.93 Acres
• Lakefront Community with Marina & Restaurant
• Norris Lake Marina
• Jimmy’s Place Restaurant
• Magnificent View of Norris Lake
• Paved Roads
• Underground Utilities
• Water & Sewer Available
• Access to Boating, Fishing, Skiing & Watersports!

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TN License #62

TERMS

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10% Buyers Premium.  Successful bidders will deposit 10% of the purchase price 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.

PROPERTY DOCUMENTS

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• Aerial Image Showing 18 Lots
• Claiborne County Maintained Road List
• Parcel 126K A 003.00 - 2.2 Acres
• Parcel 126L A 2.00 - 1.65 Acres
• Parcel 126L A 3.00 - 2.21 Acres
• Parcel 126L A 4.00 - 1.52 Acres
• Parcel 126L A 7.00 - 1.80 Acres
• Parcel 126L A 10.00 - 1.63 Acres
• Parcel 126L A 11.00 - 1.86 Acres
• Parcel 126L B 3.00 - 1.11 Acres 
• Parcel 126L B 4.00 - 1.08 Acres
• Parcel 126L B 5.00 - 1.09 Acres
• Parcel 126L B 6.00 - 1.04 Acres
• Parcel 126L B 7.00 - 1.11 Acres
• Parcel 126L B 15.00 - 20.13 Acres
• Parcel 126L B 30.00 - 0.99 Acres
• Parcel 126L B 31.00 - 4.59 Acres
• Parcel 126N A 1.00 - 0.73 Acres
• Parcel 126N A 42.00 - 0.93 Acres
• Parcel 126N A 43.00 - 1.08 Acres
• Plats of Record
• Restrictive Covenants 
• Sample Warranty Deed
• Title Commitment
• Title Commitment Exception Documents (less Plats of Record)
• Tax Information
• Tax Map Showing 18 Lots
• Utility Information
• Utility Map
• Zoning Information

ZONING

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• No applicable zoning applies to the subjects

UTILITY

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• Electric: Powell Valley Electric Cooperative
• Water: Claiborne County Utility District
• Sewer: Claiborne County Utility District
• Gas: Not Available

** Indicated utilities may not be available to all lots

ESTIMATED REAL ESTATE TAX

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• Lot 83, Lake Norris Landing Phase 4: $563.87
• Lot 69, Lake Norris Landing Phase 3: $188.82
• Lot 70, Lake Norris Landing Phase 3: $217.82
• Lot 71, Lake Norris Landing Phase 3: $175.28
• Lot 72, Lake Norris Landing Phase 3: $169.48
• Lot 73, Lake Norris Landing Phase 3: $177.86
• Lot 86R, Lake Norris Landing Phase 3: $682.45
• Lot 101R, Lake Norris Landing Phase 3: $164.97
• Lot 102R, Lake Norris Landing Phase 3: $295.15
• Lot 56, Lake Norris Landing Phase 2: $229.42
• Lot 57, Lake Norris Landing Phase 2: $292.57
• Lot 58, Lake Norris Landing Phase 2: $170.77
• Lot 61, Lake Norris Landing Phase 2: $198.48
• Lot 64, Lake Norris Landing Phase 2: $212.02
• Lot 65, Lake Norris Landing Phase 2: $255.19
• Lot 1, Lake Norris Landing Phase 1: $1,081.99
• Lot 42, Lake Norris Landing Phase 1: $373.77
• Lot 43, Lake Norris Landing Phase 1: $409.21

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

*Back/Delinquent taxes (if applicable) will be paid by seller.*

DIRECTIONS TO PROPERTY

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• From the interchange of Broadway Ave. & I-640 in Knoxville, take N Broadway towards Fountain City and travel approx. 34 miles. Turn right onto Lone Mountain Rd. and travel approx. 6.73 miles. Turn right onto Owen Payne Rd. and travel approx. 1 mile. Turn right onto Marina Landing Way into Lake Norris Landing and look for signs.